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Solari Group Real Estate News Blog

Friday, September 25, 2020   /   by Nicole Solari

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]

Some Highlights

As a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.
To sell your home quickly and for the best possible price, you should eliminate buyer concerns by pricing your home competitively right from the start.
Reach out to a local real estate professional today to make sure you have the guidance you need to price your home right this fall.

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  the solari group, solari group, level up realty, pricing, sellers, real estate

Thursday, September 24, 2020   /   by Nicole Solari

Home Equity Give Sellers Options in Today’s Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.
According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic:

“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6%, year over year.” 

Dr. Frank Nothaft, Chief Economist for CoreLogic, attributes much of the equity growth to rising home prices:

“The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which supported an increase in home ...

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  real estate, home ownership, solari team, the solari group, solari group, level up realty, housing market, home security, home equity, sellers, pricing

Wednesday, September 23, 2020   /   by Nicole Solari

Seven things first-time sellers should know in 2020

Price, condition, location, appearance and financing remain major drivers for home buyers everywhere. But, required amenities and how buyers pinpoint, “tour,” and purchase the homes they find desirable has changed significantly -- and maybe permanently -- this year.


In response to COVID, home offices, more space, well equipped kitchens, bigger backyards, workout rooms, even Zoom studios have moved onto the must-have list for many buyers. Sellers must also recognize that today’s buyers are not just ok with technology. They use it for everything.


Consequently:


1.     Sellers have to get real fast.


While selling can be very emotional for homeowners, today’s sellers must be willing to set their emotions aside and approach a home sale as the business transaction it is. If they’re in a slow market or natural disaster zone, taking a wait-and-see approach could be the smart move. If they must sell as-is now, they will have ...

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  real estate, realtor, selling, solari team, solari group, level up realty, selling tips, for sale, home seller, home sales, home selling, selling your home

Wednesday, September 23, 2020   /   by Nicole Solari

Home Builder Confidence Hits All-Time Record

Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.


As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country:





The Northeast increased 11 points to 76






The Midwest jumped 9 points to 72






The South rose 8 points to 79






The West increased 7 points to 85





Confidence Is Validated by the Numbers


This confidence is definitely warranted. According to a recent NAHB report, single- ...

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  real estate, selling, the solari group, level up realty, real estate market, home seller, new construction, housing market updates, move-up buyers

Tuesday, September 22, 2020   /   by Nicole Solari

The Cost of a Home Is Far More Important than the Price

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:

“Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”

Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year.
This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like troubling news. However, purchasers should realize that the price of a house is not as important as the cost. Let’s break it down.
There are ...

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  real estate, homebuyers, first time home buyer, solari group, level up realty, home buyer tips, mortgage rates, interest rates, pricing