Sellers: Don’t Let These Two Things Hold You Back
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles. Challenge #1: The Reluctance to Take on a Higher Mortgage Rate According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below): But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners [...]
Tips for Making Your Best Offer on a Home
While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios. Here are a few things to consider to help you put your best foot forward when making an offer on a home. 1. Lean on a Real Estate Professional Rely on an agent who can support your goals and help you understand [...]
From Utilities to Unpacking: The Must-Do Tasks for Moving In
Moving into a new home is an exciting time, but it can also be stressful and overwhelming. With so much to do, it's easy to forget important tasks that can make your move-in process smoother. To help you out, I've compiled a list of must-do tasks that you should prioritize from utilities to unpacking. Set up Utilities One of the first things you should do when moving into a new home is to set up your utilities. This includes electricity, gas, water, internet, and cable. Contact your utility providers and schedule installation or transfer of services in advance. This will [...]
Killeen-Temple January 2023 Housing Report
If you're reviewing the housing report and have questions about the data or want to know more, I'm here to help. As a local area expert, I understand the nuances of the local real estate market and can provide you with valuable insights. January can be a unique time in the real estate market, as the holiday season has just passed and many people are starting to think about their goals for the new year. This can create opportunities for both buyers and sellers, and it's important to stay informed about the latest trends and developments in the local market. [...]