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Mountain Resort Properties Real Estate Blog

The #1 Reason to Sell Now Before Spring | MyKCM

 

Listing your home before the spring will benefit your listing Price. Why? Supply and demand of all items, including homes, is determined by the supply available. Right now Listings are low, inventory is the lowest its been in the past decade. If their is a limited amount of homes on the market the price of the item will increase.

Almost every spring the National Association of Realtors (NAR), reports the dramatic increase of listings every spring. Below you will see in a graph what happened to the housing market in 2017.

The #1 Reason to Sell Now Before Spring | MyKCM

 

Summary

When buyers are looking during the winter month, they are usually a more motivated buyer. They need to buy now. With a limited inventory available in most areas of the country,

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Be apart of the Crystal Springs Lifestyle. This beautiful two story home with the master bedroom on the main floor overlooks the Crystal Springs GC. Walk into this home and enjoy a bright airy feeling with a large wall of windows, open floor plan and center island for all those gatherings. This home has 4 bedrooms, 3.5 bathrooms, hardwood floors, granite tops, soaring ceilings, finished walkout basement to a patio with large backyard, extra large windows, laundry room on the main floor, stucco front and two car garage. Located just out your door are 6 golf courses, country club, vista infinity pools, biosphere indoor pool, sports club, incredible restaurants, hiking, biking, skiing /snowboarding, water park, Appalachian Trail and many other open to

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Buying a Home Can Be Scary… Unless You Know the Facts [INFOGRAPHIC]

Buying a Home Can Be Scary... Unless You Know the Facts [INFOGRAPHIC] | MyKCM

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts:

  • 40% of millennials who purchased homes this year have put down less than 10%.
  • 76.4% of loan applications were approved last month.
  • The average credit score of approved loans was 724 in September.
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Millionaire to Millennials: Don’t Rent a Home… Buy! | MyKCM

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.”

Bach went on to explain:

“Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy a small studio apartment, but that’s how you get started.” 

Then he explains the secret in order to buy that home!

“Don’t do a 30-year mortgage. You want to take that 30-year mortgage and instead pay it off early, do a 15-year mortgage. What happens if you do a

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U.S. Housing Inventory Crunch Continues… List Your House Today! | MyKCM

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.” 

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Crunch Continues… List Your House Today! | MyKCM

The largest drop in inventory was in the starter home category which saw a 19% dip in listings.

Bottom Line

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5 Reasons to hire a Real Estate Agent

  1. Real Estate Agents will help you with all paperwork, Helping you submit all disclosures and in today's heavily regulated environment.
  2. Real Estate Agents are well educated in the entire home selling process and well educated in the proper steps to get you in a home.
  3. Real Estate Agents are great negotiators and will work to get you the best price.
  4. Real Estate Agents best understand today's real estate values when setting the price of a listing or an offer to purchase.
  5. Real Estate Agents are ready to teach you about today's real estate challenges and can help get you ahead of the competition 

Real Estate Agents have a tried and true system to help you sell your home. In today's market and with

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Buying a home has been the American dream for sometime now. This is an exciting stage in our adult life and we all get there at different points in time. Many of us wait around wondering if the time is right, Should I wait till I'm married? How big will my family be? Others think no one will yet take them seriously believing they are too young for a mortgage.

I wanted to take the time to show you this is not the truth. Many more Americans are ready for homeownership than they believe. Below you will find some facts about first time home buyers and where they are in their life when they finally decide to buy a home. This real estate information has been provided by NAR, The National Association of Realtors.

Wondering If You Can Buy Your First Home? | MyKCM

The Breakdown

If you look

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