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Infographics

Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]

Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.

Cost Across Time [INFOGRAPHIC]

Cost Across Time [INFOGRAPHIC] | Simplifying The Market

Cost Across Time

Cost Across Time [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years to determine cost across time.
  • Rates are projected to climb to 5.1% by this time next year according to Freddie Mac.
  • The impact your interest rate makes on your monthly mortgage cost is significant!
  • Lock in a low rate now while you can!

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] | Simplifying the Market Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
  • This is the strongest pace since November of 2017.
  • Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.

Home Buying Myths Slayed [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"]Home Buying Myths Slayed [INFOGRAPHIC] | Simplifying the Market Home Buying Myths[/caption]Home Buying Myths Slayed [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!
  • The credit score requirements for mortgage approval continue to fall.

A Tale of Two Markets [INFOGRAPHIC]

A Tale of Two Markets [INFOGRAPHIC] | Simplifying The Market 

Some Highlights:

  • A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
  • Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
  • Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!

VA Loans by the Numbers [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"]VA Home Loans VA Home Loans[/caption] [caption id="attachment_37319" align="alignnone" width="650"]VA Loans by the Numbers [INFOGRAPHIC] | Simplifying The Market VA Home Loans[/caption]

Some Highlights:

  • Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership.
  • In 2017, $188 billion was loaned to veterans and their families through the program.
  • VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

The Cost of Renting vs. Buying Today [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"] Renting vs. Buying[/caption] [caption id="attachment_37281" align="alignnone" width="650"]The Cost of Renting vs. Buying Today [INFOGRAPHIC] | Simplifying The Market Renting vs Buying[/caption]

Some Highlights:

  • Historically, the choice between renting vs. buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"]Tips for preparing your house for sale Tips for preparing your house for sale[/caption] [caption id="attachment_37239" align="alignnone" width="650"]Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC] | Simplifying The Market Tips for preparing your house for sale[/caption]

Highlights:

  • When listing your house for sale your top goal will be to get the home sold for the best price possible!
  • There are many small projects that you can do to ensure this happens!
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"]The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | Simplifying The Market Cost of Waiting[/caption][caption id="attachment_37182" align="alignnone" width="650"]The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | Simplifying The Market Cost of Waiting[/caption]

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

Bottom Line:

Don't allow the cost of waiting to keep you from buying the home you've always dreamed about!  Call me today.

The Difference an Hour Will Make This Spring [INFOGRAPHIC]

The Difference an Hour Will Make This Spring [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time.
  • Unless of course, you are a resident of Arizona or Hawaii!
  • Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.51!