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Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply . That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains: “Sales for the entire year finished strong, reaching the highest annual level since 2006 . . . . With mortgage rates expected to rise in 2022, it’s likely that a portion of December bu...
A Real Estate Professional Helps You Separate Fact from Fiction If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you. Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context. Myth 1: Home Prices Are Going To Fall One piece of fiction many buyers may have seen or heard is that home prices are going to crash. That’s because headlines often use similar, but different, terms to describe what’s happening with prices. A few you might be seeing right now include: Appreciation , or an increase in home prices. Depreciation , or a decrease in home prices. And...
Is This the Year You’ll Add a Home Gym? Is This the Year You’ll Add a Home Gym? Winter and early spring are typically great times for construction projects around the house. Not only do materials tend to be a bit cheaper due to reduced overall demand, but some labor costs may be reduced as well. Because of this, some homeowners tend to start looking for add-on projects or major remodels to undertake so that they can take advantage of lower prices and faster project starts. In recent years, one popular home project is adding a home gym, often converting a largely unused basement or garage space into an area for a wide range of workouts . It’s possible that you’ve considered adding a home gym yourself, either as a room conversion or in an exterior building or add-on. Let’s look at this project a little more closely to determine whether this is the year you should let those home gym dreams come true. Home Gym Basics When you think of a home gym, you might think of ...
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