Helen Presser, Realtor

08/14/2024

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades.

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes.

Impact on the Economy

But the Great Wealth Transfer doesn’t just impact housing. It’s also going to provide a new...

In recent years, there’s been a significant shift in how wealth is distributed among generations.

08/13/2024

Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

08/12/2024

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.

As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”

While we’re up by almost 37% year-over-year, we’re still not back to how much inventory there’d be in a normal market.

The supply of homes across the...

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

08/09/2024

Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them.

As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing.

But how do you know which ones are worth it?

Expert advice is key. Let's chat so you know what to prioritize.

08/08/2024

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.

08/07/2024

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 completely paid off their mortgages.

Today, more homeowners are getting a larger return on their homeownership investments when they sell...

Curious about selling your home?

08/06/2024

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.

08/05/2024

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.

08/02/2024

Figuring out what to do with your house when you're ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?

Is Your House a Good Fit for Renting?

Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Maybe you're moving far away, so keeping up with the ongoing maintenance would be a hassle, the neighborhood isn't great for rentals, or the house needs significant repairs before you could rent it out.

If any of this sounds like it might apply, selling might be your best option.

Are You Ready for the Realities of Being a Landlord?

Managing a rental property isn't just about collecting rent checks. It's a time-consuming and sometimes challenging job.

For example, you may get calls from tenants at all hours of the day with maintenance requests. Or you may find a tenant causes damage you have to repair before...

Figuring out what to do with your house when you're ready to move can be a big decision.

08/01/2024

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.

If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.

How Can It Help You Buy a Home?

Here are a few ways their caretaking situation might be helping those 33% buy a home:

• Sharing Expenses

• Built-In Childcare

Beyond just the financial reasons, buying a multi-generational home has other advantages. The Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) highlights some of the most popular, including:

• Easier To Care for Aging Parents

• Spending More Time Together

How a Real Estate Agent Can Help

If you’re in the Sandwich Generation and...

Are you a part of the Sandwich Generation?

07/31/2024

Home equity is the difference between how much your home is worth and how much you owe on your mortgage. And for most people it’s gotten a big boost in recent years, thanks to rising home prices. If you want to find out how much equity you have, reach out for a professional equity assessment report.