Realtor®, Home Renovator, Investor, Mom
Pricing your home correctly from day one isn’t just a suggestion – it’s the difference between selling high and selling low. The more days your home stays on the market, the less negotiating power you have. In Bucks County, data consistently shows that homes lingering past the first few weeks often require multiple price reductions and ultimately sell well below asking.
Home equity is the difference between your property’s market value and the remaining balance on your mortgage.
Understanding and managing your home equity can be a powerful tool in achieving your financial objectives.
Buying a house in today’s market might seem daunting with higher interest rates. However, purchasing at a higher rate now with plans to refinance later could be a good strategic move. This approach allows you to lock in the current price of the home and reduce your interest rate (and monthly payments) by refinancing in the future.
In the Philly metro area, the real estate scene is really heating up! Home prices are at a two-year high, with the New Jersey suburbs seeing the quickest rise. Even though more homes are being listed than last year, sales aren’t slowing down – half of the homes are selling in just 9 days or less.
If you’re house hunting in the Philly metro area, brace yourself. It’s a highly competitive housing market right now, thanks to high mortgage rates and a rapid increase in home prices, the quickest we’ve seen since May 2022. The number of homes for sale hasn’t really changed much, keeping prices on the rise. Although fewer homes have been selling compared to last year, the ones that do list are flying off the market in about 20 days or less.
