The Kalina Brothers - Real Estate Professionals

08/21/2024

The Number One Mistake Sellers Are Making: Overpricing Their House

In today's housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer interest.

If you’re thinking about making a move yourself, here’s what you need to know. The best way to avoid making a costly mistake is to work with a trusted real estate agent to find the right price. Here’s a look at what’s at stake if you don’t.

Not Paying Attention To Current Market Conditions

Understanding current market conditions is key to accurate pricing.

Real estate agents stay updated on market trends and how they impact the pricing strategy for your house.

Pricing It Based on What You Want To...

In today's housing market, many sellers are making a critical mistake: overpricing their houses.

08/19/2024

What Credit Score Do You Really Need To Buy a House?

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The trouble is most buyers overestimate the minimum credit score they need to buy a home. According to a report from Fannie Mae, only 32% of consumers have a good idea of what lenders require. That means nearly 2 out of every 3 people don’t.

So, here’s a general ballpark to give you a rough idea. Experian says:

“The minimum credit score needed to...

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.

08/17/2024

Reasons To Move in Today’s Shifting Market

You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information.

08/16/2024

If you’re thinking about buying a home, there are 3 reasons you may want to make your move this fall.

1) Inventory is growing, giving you more options
2) Newly built homes may be more budget-friendly than you’d expect
3) Mortgage rates have come down from their peak last October

Want to talk about what this means for your move? DM me.

08/14/2024

Have you heard of the Great Wealth Transfer?

Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials.

And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.

08/12/2024

Homebuyers are getting a bit more negotiating power these days.

And if you're buying or selling, it’s helpful to know what’s up for negotiation so you go in prepared.

From prices and repairs to closing costs and appliances, there are various levers you can pull during the deal.

If you want someone to help navigate these conversations and advocate for you, DM me.

08/10/2024

Thinking about selling, but not sure where you’ll go?

The good news is the supply of newly built and existing homes for sale has grown this year. That gives you more options – each with their own perks.

So, which will you choose? A charming existing home or a shiny new build?

Let me know which features you’re looking for in your next home. Drop your answer below.

08/09/2024

Home Inspections For Sellers: How To Prepare

If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for. As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ahead of things a buyer may ask you to fix. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.

08/07/2024

What Every Homeowner Should Know About Their Equity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

Recent data from the Census and ATTOM shows Americans have significant equity right now. In fact, more than two out of three homeowners have either...

Curious about selling your home?

08/05/2024

Wondering if a housing market crash is on the horizon? Think again.

Unlike 2008's oversupply issue, today we're facing an undersupply of homes.

From existing homes to new builds and even foreclosures, all inventory levels are significantly lower than during the last housing crisis.

The numbers are clear—today's inventory conditions are simply not the same.

08/03/2024

Caught between caring for your kids and aging parents? Here’s some good news.

In a recent survey, 1 in 3 people in this same situation find it actually makes it easier to afford a home.

That’s because a multi-generational home has big financial perks like sharing expenses and built-in childcare.

If you want to talk about whether this type of home is right for you, DM me.

08/02/2024

3 Graphs That Show We’re Not Headed for a Housing Market Crash

Back in 2008, there were too many homes on the market. Today, it’s just the opposite. The three main sources of inventory show this isn’t like the last time.