Real Estate by Donovan Hunt

Your HuntForProperty daily tidbit........ Nationally, Demand Is High and Supply Is Very Low The latest buyer and seller activity data from NAR indicates buyer traffic heavily outweighs seller traffic today. This shows the demand for homes is significantly greater than what’s available to purchase.... What Does This Mean if You’re a Seller? Supply is struggling to keep pace with demand. In fact, the inventory of homes for sale recently hit an all-time low. That gives you an incredible advantage when you sell your house. With so few listings, it’s likely more potential buyers will view your house especially if you work with an agent to price it right. That means there’s a high chance you’ll receive multiple offers or buyers will enter a bidding war for your house. And that dynamic can drive the sale price of your home up. What Does This... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. And with the rise in remote work, more people are reconsidering where they want to live and buying second homes to give them greater flexibility. If you fall in that category, here are just a few of the perks you’ll enjoy. Enjoy a Change in Scenery... When you have two homes, you can alternate between them as the weather changes or as you crave different scenery. Being able to move between homes based on which location best suits you at the time gives you added flexibility and variety that can help increase your happiness. Build Your Wealth Faster You may have heard that home equity is skyrocketing, thanks to ongoing home price appreciation. With home prices... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ In an annual Gallup poll, Americans chose real estate as the best long-term investment. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment. With inflation reaching its highest level in 40 years, it’s more important than ever to understand the financial benefits of homeownership. Rising inflation means prices are increasing across the board. When you purchas...e your home, you lock in your monthly housing payments, effectively shielding yourself from increasing housing payments. James Royal, Senior Wealth Management Reporter at Bankrate, explains it like this: A fixed-rate mortgage allows you to maintain the biggest portion of housing expenses at the same payment. Sure, property taxes will rise and other expenses may creep... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ There’s an influx of buyers looking for homes today, and that means your house is in high demand. Here are a few reasons why so many people are looking to buy a home. Buyers are motivated to beat rising mortgage rates, and many want to escape rising rents. There’s also additional demand from millennials who are reaching peak homebuying age. If you’re thinking about selling your house, today’s demand is great news. DM me to begin the p...rocess of listing your house while buyers are ready to purchase. Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ Here are four key reasons why today is nothing like the last time. >>Houses Are Not Unaffordable Like They Were During the Housing Boom... Fifteen years ago, prices were high, wages were low, and mortgage rates were over 6%. Today, prices are still high. Wages, however, have increased, and the mortgage rate is still well below 6%. That means the average purchaser today pays less of their monthly income toward their mortgage payment than they did back then. >>Mortgage Standards Were Much More Relaxed During the Boom During the housing bubble, it was much easier to get a mortgage than it is today. Mortgage standards are nothing like they were the last time. Purchasers that acquired a mortgage over the last decade are much more qualified. >>The Foreclosure Situation Is Nothing Like It Was During the Crash In... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ While some homeowners may be tempted to hold off until spring to list their houses, you should know homebuyers aren’t waiting. Demand is high today as more people are trying to beat rising mortgage rates. As a result, eager buyers are entering the market or moving their plans up so they can make their purchases as soon as possible. The most recent Consumer Confidence Survey finds that, of those surveyed, the percentage of people pla...nning to buy over the next six months has increased substantially since last fall. The number of consumers fast-tracking their plans to purchase a home has crept up over the past three months. That indicates many buyers are evaluating their strategy and realizing they should act sooner rather than later. And for homeowners planning to sell, it’s a signal that now may be... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ Here are three things to keep top of mind as you’re making your list of projects to tackle this year. >>The Number of Homes for Sale Is Very Low... Housing inventory sits far below what is normally considered a balanced market. Because there’s such a limited supply of homes available for sale, you’re in a unique position when you sell your house to benefit from multiple offers and a quick process. Spending time and money on renovations before you sell could mean you’ll miss your key window of opportunity. Of course, certain repairs may be important or even necessary. The best way to determine where to spend your time and your money is to work with a real estate advisor to confirm which improvements are truly needed and which ones aren’t likely to be deal-breakers for buyers. >>Buyers May... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ The financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes. When you own your home, you likely feel a sense of emotional attachment because of the comfort it provides, but also because it’s a space that’s truly yours. Over the past two years, we’ve learned to love our homes even more as... we’ve stayed home more than ever due to the ongoing pandemic. As a result, the emotional benefits our homes provide have become even more important to us. As the most recent State of the American Homeowner from Unison puts it, Despite the upheaval and uncertainty of the past year, one thing has stayed the same: the home continues to be of the utmost importance... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ Even in today’s sellers’ market, there are still ways for buyers to win big. Build a team of trusted professionals and make strategic plays as you budget and pick your desired neighborhoods. Then, be ready for the competition by getting a pre-approval letter and leaning on your expert advisors to draft a winning offer. In a sellers’ market, you can still be the champion if you have the right team and strategy. DM me to make your game-...winning play. Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. Here’s why now’s the time to list. >>Demand Is Very Strong This Winter... A recent article in Inman News explains, Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’ And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The latest index reveals this December was the most active December in five years. >>Housing Supply Is Extremely Low Each month, realtor.com releases data on the number of active residential real... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the differen...ce for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, the lowest homeownership rate persists in the Black community. Homeownership is an essential piece for building household wealth that can be... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. While everyone’s situation is unique, your goal may be more within your reach than you realize. According to data from NAR, When asked specifically about purchasing a home, half of nonhomeowners say student loan debt is delaying them from purchasing a home (51%).... In the same NAR report, data shows many current homeowners have student loan debt themselves. Nearly one-quarter of all home buyers, and 37% of first-time buyers, had student debt, with a typical amount of $30,000. That means other people in a similar situation were able to qualify for and buy a home even though they also had student loan debt. You may be able to do the same, especially if you have a steady source of... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ Many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell.... Consumers are incredibly optimistic today. In fact, survey respondents think it’s an even better time to sell a house today than they did in the lead-up to the health crisis. The latest survey results indicate we’re at one of the strongest peaks in seller sentiment since March of 2019, hitting highs when 77% of people thought it was a good time to sell only twice before in June and October of... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate

Your HuntForProperty daily tidbit........ Today’s sellers’ market provides unique challengesand benefitsfor buyers. Current low interest rates won’t last forever, and home prices are forecast to rise. If you’re a homebuyer, hang in there. Homeownership improves your quality of life, and the long-term benefits outweigh the short-term challenges. Message me if you'd like to discuss this!... #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate See more

Your HuntForProperty daily tidbit........ You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer. Being intentional and competitive are musts when buying a home right now. Pre-a...pproval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter shows sellers you’re a qualified buyer, something that can really help you land your dream home in an ultra-competitive market. With limited housing inventory, there are many more buyers... Message me if you'd like to discuss this! #HuntForProperty #realestate #howtosellrealestate #howtobuyrealestate