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A Fresh Start to Your Home

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Home Inspections for Sellers

If you&rsquo;re thinking about selling your house, you should know the number of homes for sale right now is low.
That&rsquo;s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below).
In more typical years, roughly 500,000 sellers add their homes to the market in April.
This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):
<img src="https://website-images.exitrealty.com/custom-pages/agent-004597-bf8b5ed6d03096fc24ae94eb1809f57f.png" alt="" width="1000" height="750" />&nbsp;While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their current house is lower than the one they could get today on their next house.
It&rsquo;s called rate lock. As a recent survey from Realtor.com explains, 56% of people who are planning to sell in the next 12 months say they&rsquo;re waiting for rates to come down. While this wait-and-see approach is right for some sellers, it also creates an opening for more eager sellers to jump in now. If your current house truly doesn&rsquo;t fit your needs anymore and you&rsquo;re ready to move, don&rsquo;t miss this chance to stand out.
When fewer sellers are putting their homes up for sale, buyers will have fewer options, so you set yourself up to get the most eyes possible on your house. That&rsquo;s why your house could see multiple offers as buyers compete over the limited supply of homes for sale &ndash; especially if you price it right. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: &ldquo;Inventory levels are still at historic lows . . . Consequently, multiple offers are returning on a good number of properties.&rdquo;
Bottom Line: If you&rsquo;re ready to sell now, beat the competition before it comes onto the market. If you do, your house should stand out and could get multiple offers. Contact me for all your real estate needs.&nbsp;

If you’re thinking about selling your house, you should know the number of homes for sale right now is low.
That’s because, this season, there are fewer sellers listing their houses for sale than the norm. Looking back at every April sinc

Now is the BEST time to sell

<h3>Is a Fixer Upper Right for You?</h3>
 <img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241031/20241104-is-a-fixer-upper-right-for-you-original.png" width="600" /> 
Looking to <a href="https://www.simplifyingthemarket.com/en/2024/10/25/debunking-scary-myths-about-buying-a-home/?a=130049-b1a6742db39360a3b3f5ff1a66f1f174" target="_blank" rel="noopener noreferrer">buy a home</a> but feeling like almost everything is out of reach? Here&rsquo;s the thing. There&rsquo;s still a way to become a homeowner, even when <a href="https://www.simplifyingthemarket.com/en/2024/10/21/what-to-expect-from-mortgage-rates-and-home-prices-in-2025/?a=130049-b1a6742db39360a3b3f5ff1a66f1f174" target="_blank" rel="noopener noreferrer">affordability</a> seems like a huge roadblock &ndash; and it might be with a fixer upper. Let&rsquo;s dive into why buying a fixer upper could be your ticket to <a href="https://www.simplifyingthemarket.com/en/2024/10/18/why-buying-now-is-worth-it-infographic/?a=130049-b1a6742db39360a3b3f5ff1a66f1f174" target="_blank" rel="noopener noreferrer">homeownership</a> and how you can make it work.
<h4>What Is a Fixer Upper?</h4>
A fixer upper is a home that&rsquo;s in livable condition but needs some work. The amount of work varies by home &ndash; some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.
Because they need some elbow grease, these homes typically have a lower price point, based on local market value. In fact, a survey from StorageCafe <a href="https://www.storagecafe.com/blog/best-cities-to-buy-a-fixer-upper/" target="_blank" rel="noopener noreferrer">explains</a> that fixer uppers generally cost about 29% less than move-in-ready homes.
And that&rsquo;s why, according to a recent survey, more buyers are considering homes that need a little extra work right now (see below):
<a href="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241031/20241104-more-people-are-considering-buying-a-fixer-upper-today-original.png" target="_blank" rel="noopener noreferrer"><img src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20241031/20241104-more-people-are-considering-buying-a-fixer-upper-today-original.png" alt="a blue and grey pie chart" /></a>If you're looking for an option to get your foot in the door, and you're willing to roll up your sleeves and do a bit of work, a house with untapped potential may be a good option.
<h4>Tips for Buying a Home That Needs Some Work</h4>
Before you <a href="https://www.simplifyingthemarket.com/en/2024/09/25/why-buying-now-may-be-worth-it-in-the-long-run/?a=130049-b1a6742db39360a3b3f5ff1a66f1f174" target="_blank" rel="noopener noreferrer">buy a home</a> that may need a makeover, here are a few things to keep in mind:
<ul>
<li>Choose a Good Location: You can repair a house, but you can&rsquo;t change where it is. Make sure the home is in a neighborhood you like or one with increasing property values and a growing number of local amenities. This way, even after you spend money fixing it up, the house will be worth more later.</li>
<li>Budget for Surprises: Fixing up a house can take more time and money than you might think. Make sure you save room in your budget for unexpected repairs or other unknowns that might come up while you're working on the house.</li>
<li>Get a Home Inspection: Before you buy, hire an inspector to check out the house. They&rsquo;ll help you determine the necessary repairs, so you don&rsquo;t end up with expensive surprises later.</li>
<li>Plan Your Priorities: When deciding what to tackle first, it helps to categorize your goals. Think of your home in three ways: the must-haves (essential repairs), the nice-to-haves (upgrades that would make life easier), and the dream-state features (luxuries you can add later). This will help you prioritize and stick to your budget.</li>
</ul>
Remember, the perfect home is the one you perfect after buying it. By starting with a fixer upper, you have the opportunity to customize a home to your liking while saving money on the initial purchase price. With careful planning, budgeting, and a little bit of vision, you can turn a house that needs some love into your perfect home.&nbsp;
Real estate agents are great at finding homes with potential. They know the local market and can guide you to homes where smart upgrades can add value. With their help, you&rsquo;re more likely to find a house that fits your total budget and has room for worthwhile improvements.
<h3>Bottom Line</h3>
In today&rsquo;s market, where the cost of homeownership can be intimidating, finding a move-in-ready home that fits your budget can feel like a real challenge. But if you&rsquo;re open to putting in a little work, you can transform a fixer upper into your ideal home over time. Let&rsquo;s explore what&rsquo;s possible and find a place that'll work for you.

Is a Fixer Upper Right for You? Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it migh