Should I Wait to Sell My Home?

There is a wide selection of top-quality homes to choose from on the market today. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding real estate or the value of your home, please feel free to call me at (610) 427-4420.

Don’t wait to sell your home! Today, I’d like to cover my top four reasons you should sell your home now, especially if you’re already thinking about listing your property.

1. Interest rates are historically low. Take advantage of incredibly low interest rates available right now. Not only do they benefit you, but prospective buyers of your home want them as well. Keep in mind that the Fed announced interest rates should continue to rise. If that’s true, waiting could cost you a significant amount of money.

2. Home prices are stable. It’s easy to predict what your home is worth in today’s marketplace, because home values are balanced and stable. We’re not experiencing swings like we have in previous years.

3. Buyers are anxious to purchase homes. Because of the low inventory of rental properties, monthly rent payments are rising rapidly. This influences tenants to buy a home of their own, which increases demand.

4. There is currently low inventory. There aren’t a lot of spectacular properties available on the MLS within our region. It could be because it’s an election year. However, if you list as soon as possible, your property has the opportunity to shine and stand out from the rest.

If you’re thinking about buying or selling in the region, reach out to me by phone or email. I’d love to chat with you and help serve your local real estate needs!

Exactly How Important Is Your Credit Score?

There is a wide selection of top-quality homes to choose from throughout Chester County and Northern Delaware. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding Chester County Real Estate or the value of your home, please feel free to call me at (610) 427-4420.

Unfortunately, your credit score now plays a major role in your real estate transaction. Your score can even affect your insurance premiums for homeowner's insurance.

I don't want to scare you off, but I also don't want you to think that your credit score needs to be sparkling in order to qualify for a loan. You don't have to be in the high 700's, in fact, you can qualify if you have a score in the mid-600's.

You need to keep in mind that as your credit score drops, your interest rate will go up, as well as other fees you may have to pay. This is why your credit score impacts the cost of your mortgage.

The good news is that it's not too difficult to repair your credit. I can refer you to people who can help you repair your credit and boost your affordability. 

Please don't hesitate to contact me!

How Do We Know it’s a Good Time to Buy?

There is a wide selection of top-quality homes to choose from throughout Chester County and Northern Delaware. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding Chester County Real Estate or the value of your home, please feel free to call me at (610) 427-4420.

I am often asked by clients if it’s a good time to buy a home. The thing is, there are two important facts about home selling that you need to understand first: 

1. You can’t time the market

2. There is never a bad time to buy the right home at the right price

When you try to time the market, it never works. We don’t know we’ve hit the bottom of the market in terms of pricing until prices start to go up, then we’ve missed it. The same goes for the peak of the market. We don’t know prices are going to come down, we can only react to it when they do. Timing the market is not the way you want to go about buying a home.

What we really want to do is guide you into that sweet spot. The spot where, if you need to sell in the future, your home will appreciate and have that equity. In the early 2000’s, we saw home prices go up at a rate that was simply not sustainable, and the market eventually crashed. If you look at historical home values, a good, healthy rate of appreciation is right around 2-4%.

Is it a good time to buy a home right now? Absolutely, as long as you don’t overpay. How do you avoid overpaying? You’ve got to work with a great agent. Our buyer team is great at helping you analyze the decision from a financial standpoint. We want you to fall in love with your home, but we also want to take some of that emotion out of the buying process so you can make a good financial decision with one of the biggest investments you will make in your life.

Our goal is to help you get the right home at the right price. If you only get one of those things, you aren’t going to be satisfied. If you’d like to work through the process to so you can buy the right home at the right price, give us a call or send us an email. We look forward to hearing from you!