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Not to burst your bubble, but the latest 2021 stat

Not to burst your bubble, but the latest 2021 stats from @nardotrealtor are very 😳😫😲

➡️For the average home sold in March, it had 5 offers- more than double this time last year
.
➡️49 out of the 50 states average number of offers on a listing were in the multiples (Maine was the exception)
.
➡️1 in 4 buyers are losing out to cash buyers- up 18% from 2020.
.
➡️Over 34% of buyer’s offers are rejected because it was a low offer— which could easily mean they only offered list price.
.
➡️18% of offers were rejected because the buyer had contingencies
.
➡️Almost HALF of all homebuyers are putting at least 20% down payment
.
.
⬇️NOW HEAR ME⬇️
.
👏🏻YOU 👏🏻 NEED A👏🏻 FULL TIME 👏🏻 EXPERIENCED 👏🏻 BUYER’S AGENT
.
I know I preach this a lot. But there simply is no other way to effectively navigate the landmine that is our current real estate market without a buyer’s agent.
.
In most cases, their services are free to you but PRICELESS in the value & protection they bring to you.
.
I also preach heavily that your buyer’s agent should be FULL TIME. In order to get our buyers in homes, it’s a full time 24/7 commitment that requires accessibility and availability. If you have to compete with your agent’s schedule or their other job, that’s a disadvantage to you!
.
[ 📸 @houstongevans ]

Here’s the one thing that majorly protects buyer

Here’s the one thing that majorly protects buyers AND definitely turns off sellers: Contingencies.
.
We’re in a weird market. As agents we want to give our buyers the most amount of protection throughout the transaction— BUT we also want to give them a fighting chance of beating the 28 other offers on the table.
.
It’s a delicate balance that takes strategy- one your [full-time] agent should’ve mastered.
.
➡️In my latest Homes.com article, I discuss the most common contingencies used in real estate. And how they can benefit you as a buyer and tips if you choose to forego contingencies.
.
This is an article every buyer & seller needs to read ASAP!
.
HOW TO READ THE ARTICLE ⬇️
.
Click the link in my bio

Tap Read Homes.com (no password needed!)

👩🏼‍🏫 Welcome To Home Buying 101 👩🏼‍🏫
.
Please take note of the following rules of the game:
.
♟This is chess. Buying requires a [full-time] buyer’s agent with an unbelievable amount of strategy & tricks up their sleeve
.
📉No, the seller will not come down.
.
⏰You will have hours, if not minutes, to make an offer. Gone are the days of sleeping on it.
.
💰The list price is only an opening bid. The seller doesn’t actually expect to sell it for that- they expect more.
.
❌Don’t even consider asking the seller for anything. That includes their furniture.
.
👩‍🍳Sometimes when there are too many chefs in the kitchen, there’s chaos. This is YOUR decision. Not your parents. Your in laws. Your lender. Your inspector. You’re the chef- so do what’s right for you.
.
👂LISTEN. TO. YOUR. [full time] REALTOR. For the love, we are in the trenches daily— and we know what we’re talking about. So listen.
.
⏲This process is going to take time. There aren’t enough houses. There are too many buyers. Please don’t expect this process to be fast, & whatever you do don’t be desperate to buy. Got a critical deadline? Start your home buying search EARLY.
.
.
Speaking for all agents: Yes, we wish this wasn’t the reality. Yes, we’d love to negotiate a “deal” for you. Yes, we wish bidding wars would stop.
.
But that’s not the reality. Either you have the reality check BEFORE you start the home buying process or the market will quickly give you a reality check.

[📸 @houstongevans ]

🥁Drumroll please...the roof color is WHITE 🥁

🥁Drumroll please...the roof color is WHITE 🥁
.
There were a lot of guesses for black & gray— not bad choices! But not at all fitting for the design I have planned!
.
🚨I will say, a white roof is NOT appropriate for every house or even every lot. 🚨
.
While the perimeter of my 4 acres has some trees, there are no trees on my land. This was the deciding factor that pushed me towards a white roof— I won’t be battling sap, leaves, limbs, etc on my roof. If there were trees surrounding or overhanging the house, a white roof could require frequent cleaning.
.
.
Have you seen a white roof before?! I can’t wait for you to see this whole design come together!

I wish I had a crystal ball 🔮...but I don’t.

I wish I had a crystal ball 🔮...but I don’t.

➡️Is the market going to crash?
.
➡️Will interest rates go up?
.
➡️Will buyer demand go down?
.
➡️Are we overpaying for our house?
.
➡️When will things be normal again?
.
.
For most of the questions, I don’t know the answer. Your Realtor doesn’t know the answer. Your banker doesn’t. And shockingly, neither does your Dad.
.
That’s because everyone has an opinion but nobody has a crystal ball.
.
.
💡Here’s what YOU CAN know:
.
➡️How much you can comfortably afford every month
.
➡️If you’re at the right place in life to tackle everything that comes with home ownership
.
➡️What is most important to you in a home (& it’s okay if it has nothing to do with the property itself!)
.
➡️What you want your financial portfolio (fancy word for situation) to look like in 5 years
.
Maybe now is the right time for you to buy. Maybe it’s not.
.
Just remember, no matter how great your Realtor/Banker/Dad is, they DON’T know the answer to that for you. That’s on you.

Find a better backyard view, I dare ya.

Find a better backyard view, I dare ya.

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bachelorettepadflip

Not to burst your bubble, but the latest 2021 stat

Not to burst your bubble, but the latest 2021 stats from @nardotrealtor are very 😳😫😲

➡️For the average home sold in March, it had 5 offers- more than double this time last year
.
➡️49 out of the 50 states average number of offers on a listing were in the multiples (Maine was the exception)
.
➡️1 in 4 buyers are losing out to cash buyers- up 18% from 2020.
.
➡️Over 34% of buyer’s offers are rejected because it was a low offer— which could easily mean they only offered list price.
.
➡️18% of offers were rejected because the buyer had contingencies
.
➡️Almost HALF of all homebuyers are putting at least 20% down payment
.
.
⬇️NOW HEAR ME⬇️
.
👏🏻YOU 👏🏻 NEED A👏🏻 FULL TIME 👏🏻 EXPERIENCED 👏🏻 BUYER’S AGENT
.
I know I preach this a lot. But there simply is no other way to effectively navigate the landmine that is our current real estate market without a buyer’s agent.
.
In most cases, their services are free to you but PRICELESS in the value & protection they bring to you.
.
I also preach heavily that your buyer’s agent should be FULL TIME. In order to get our buyers in homes, it’s a full time 24/7 commitment that requires accessibility and availability. If you have to compete with your agent’s schedule or their other job, that’s a disadvantage to you!
.
[ 📸 @houstongevans ]

Here’s the one thing that majorly protects buyer

Here’s the one thing that majorly protects buyers AND definitely turns off sellers: Contingencies.
.
We’re in a weird market. As agents we want to give our buyers the most amount of protection throughout the transaction— BUT we also want to give them a fighting chance of beating the 28 other offers on the table.
.
It’s a delicate balance that takes strategy- one your [full-time] agent should’ve mastered.
.
➡️In my latest Homes.com article, I discuss the most common contingencies used in real estate. And how they can benefit you as a buyer and tips if you choose to forego contingencies.
.
This is an article every buyer & seller needs to read ASAP!
.
HOW TO READ THE ARTICLE ⬇️
.
Click the link in my bio

Tap Read Homes.com (no password needed!)

👩🏼‍🏫 Welcome To Home Buying 101 👩🏼‍🏫
.
Please take note of the following rules of the game:
.
♟This is chess. Buying requires a [full-time] buyer’s agent with an unbelievable amount of strategy & tricks up their sleeve
.
📉No, the seller will not come down.
.
⏰You will have hours, if not minutes, to make an offer. Gone are the days of sleeping on it.
.
💰The list price is only an opening bid. The seller doesn’t actually expect to sell it for that- they expect more.
.
❌Don’t even consider asking the seller for anything. That includes their furniture.
.
👩‍🍳Sometimes when there are too many chefs in the kitchen, there’s chaos. This is YOUR decision. Not your parents. Your in laws. Your lender. Your inspector. You’re the chef- so do what’s right for you.
.
👂LISTEN. TO. YOUR. [full time] REALTOR. For the love, we are in the trenches daily— and we know what we’re talking about. So listen.
.
⏲This process is going to take time. There aren’t enough houses. There are too many buyers. Please don’t expect this process to be fast, & whatever you do don’t be desperate to buy. Got a critical deadline? Start your home buying search EARLY.
.
.
Speaking for all agents: Yes, we wish this wasn’t the reality. Yes, we’d love to negotiate a “deal” for you. Yes, we wish bidding wars would stop.
.
But that’s not the reality. Either you have the reality check BEFORE you start the home buying process or the market will quickly give you a reality check.

[📸 @houstongevans ]

🥁Drumroll please...the roof color is WHITE 🥁

🥁Drumroll please...the roof color is WHITE 🥁
.
There were a lot of guesses for black & gray— not bad choices! But not at all fitting for the design I have planned!
.
🚨I will say, a white roof is NOT appropriate for every house or even every lot. 🚨
.
While the perimeter of my 4 acres has some trees, there are no trees on my land. This was the deciding factor that pushed me towards a white roof— I won’t be battling sap, leaves, limbs, etc on my roof. If there were trees surrounding or overhanging the house, a white roof could require frequent cleaning.
.
.
Have you seen a white roof before?! I can’t wait for you to see this whole design come together!

I wish I had a crystal ball 🔮...but I don’t.

I wish I had a crystal ball 🔮...but I don’t.

➡️Is the market going to crash?
.
➡️Will interest rates go up?
.
➡️Will buyer demand go down?
.
➡️Are we overpaying for our house?
.
➡️When will things be normal again?
.
.
For most of the questions, I don’t know the answer. Your Realtor doesn’t know the answer. Your banker doesn’t. And shockingly, neither does your Dad.
.
That’s because everyone has an opinion but nobody has a crystal ball.
.
.
💡Here’s what YOU CAN know:
.
➡️How much you can comfortably afford every month
.
➡️If you’re at the right place in life to tackle everything that comes with home ownership
.
➡️What is most important to you in a home (& it’s okay if it has nothing to do with the property itself!)
.
➡️What you want your financial portfolio (fancy word for situation) to look like in 5 years
.
Maybe now is the right time for you to buy. Maybe it’s not.
.
Just remember, no matter how great your Realtor/Banker/Dad is, they DON’T know the answer to that for you. That’s on you.

Find a better backyard view, I dare ya.

Find a better backyard view, I dare ya.

I may have been flipping houses for a decade, but

I may have been flipping houses for a decade, but I still suck at picking paint colors.

I’m currently pouring over dozens of paint samples for the exterior, interior walls, cabinets & everything else.

Just when I think I’ve made up my mind, I change it. 🤦‍♀️

[📸 @houstongevans ]

“Buy land. They aren’t making it anymore.” -

“Buy land. They aren’t making it anymore.” - Mark Twain.
.
No, really. Go buy land. That’s your insider trading tip of the day.
.
Your future self will thank you (& me).

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