Real Estate

The Market’s Response To The Fed Fund Rate Increase

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Quick follow up for my update yesterday, it’s July 28. And we just had a team meeting team call with one of our lenders that we like working with and we were talking about the Fed funds rate increase from yesterday and how markets seem to be responding. What the mortgage interest rate or industry is seeing as a response to that, and she was actually telling us that so far things are looking pretty good. That all indicators are kind of pointing to interest rates possibly going down, or at least remaining stable.

And everyone seems to be things seem to be responding well to that increase. And partly because they’ve been floating this and leaking this information out for a while. So that is great news. It’s not having the impact that the increased rate increases had the last few times that they have increased them and so that is good news. Keep an eye on that. Buyers you definitely want to be paying attention. So as you’re getting ready to make offers or lock in a rate, you kind of know what’s kind of happening, and are ready. Talk to your lender partners, they are the ones with the best information.

Check Out The Neighborhoods When Searching For A New Home

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When you are looking to buy and move into a new neighborhood there’s a couple of simple things I like to tell people to do to make sure that they are comfortable and as ready to move into that place as possible. One of the first things I like to tell people is to go check out the neighborhood on different days different times. Lunchtime, dinnertime different days of the week, that sort of thing. Get a sense and a feel of the vibe. What does it feel like? How busy is it? How chill is it?

Whatever that is, and what is whatever is important to you. You want to make sure that you’re going to enjoy being there at those different times. Another thing I like to tell people is to try your commute out at the times that you would actually make that commute. So even though a lot of people are working from home, a lot of people are still getting back into the office and I want to make sure that you are comfortable making that drive so that you end up in a place that you ultimately want to be. Those are a couple simple things that you can do to make sure you end up in a neighborhood that you love.

Start Preparing For Your Move Once You Are Under Contract

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Make sure to start preparing for your move once you are under contract. Moving companies do book up quickly so you don’t want to wait until the last minute. If you have an out of state move and you’d like to save a ton of money compared to the national moving companies send me a message or check out the link in my bio.

Keep Your Comments To Yourself When Touring Homes

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A good rule of thumb when you’re looking at homes as a buyer and you’re walking through is to keep your thoughts and your comments to yourself until you’re out of the house and talking to your realtor. 90% of people have some sort of recording device whether that’s an Alexa, Siri HomePod, cameras, or something where they can record and listen in on any conversation. Whether or not that’s right…it doesn’t matter. It means that your sellers could be listening in and if you say something negative about the home, they could be offended and if they hear that you are falling in love with the property. They could also use that against you. So, when you’re walking through, use it to your advantage and keep your mouth shut, until you and your Realtor can debrief later.

Simple Steps To Get Your Home Ready To Sell

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When you’re getting ready to sell your home, there’s a few simple things that you can do to make sure that it shows in the best possible way. So decluttering is going to include putting away all your kitchen utensils and cleaning off all of your kitchen counters. You’re gonna want to clean off your kitchen fridge, take all the magnets off and all the kids pictures too, stuff like that. Get all that cleaned up. Then anything that’s bigger than a cantaloupe you want to make sure put in a drawer or cabinet. Just get it off the counters. Then you’re going to want to de-personalize your home by taking down all the personal pictures and stuff like that and put away all the little knickknacks that you might have around your home. And then a final tip I like to give people is anytime you see a little blemish or something like on a wall scuff marks something make sure that those get painted or cleaned off with touch up paint or whatever because you don’t want those shown up in any pictures or people noticing that stuff when they come through. And that is how you can get your home ready to sell.

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