Michael Gallant-Realtor

06/21/2022

As we start to see some real estate markets cool off and basically start their return to “normal” a lot of people are freaking out and the media is loving it. The headlines are coming out daily. Just keep this in mind and base any decisions for you and your family on facts, not headlines or feelings. This is not 2008!!

What the media said vs. what actually happened…

Starting with a 300k home:

🏡Oct 2015 “Housing today- a bubble larger than 2006” - we saw 5.1% appreciation - home is now worth 315k

🏡Aug 2016 “We’re in a housing bubble” - we saw 5.4% appreciation - home is now worth 332k

🏡Nov 2017 “Homeownership doesn’t build wealth, a study finds” - we saw 6.1% appreciation- home is now worth 353k

🏡Sept 2018 “It’s better to rent than buy in today’s housing market” - we saw 4.1% appreciation - home is now worth 367k

🏡July 2019 “The housing market is about to shift in a bad way for buyers” - we saw 4.0% appreciation- home is now worth 382k

🏡Dec 2019 “Next year will be hard on the housing market, especially in big cities” - we saw 16% appreciation in 2020- home is now worth 443k

🏡July 2021 “Housing boom is over as new home sales fall to pandemic lows” - we saw 18% appreciation - home is now worth 523k‼️‼️‼️

Had fear consumed this buyer back in 2015 they would’ve lost out on 223k in value gain, not even accounting for the seven years of payments made on that mortgage creating even more equity.

Remember, the rate on rent is 100%….

Make your financial decisions based on logic, reason and expert opinions.

Don’t make decisions based on fear as you may miss out on big opportunities.

Nine years in a row real estate continues to be rated as the BEST long term wealth strategy. ⭐️
Copied and pasted. Don’t believe the media hype!!

05/03/2022

Thinking of downsizing? If so, it’s important to meet with a real estate professional to talk about your goals, what you’re looking for, and where you’d like to live. DM me so you have an expert to help you sell your current house and find the perfect home for your changing needs.

05/01/2022

If you're saving for a down payment, help may be out there. According to downpaymentresource.com, there are more than 2,000 down payment assistance programs available. DM me today so we can start the homebuying process and get you connected with a trusted lender who can help you explore your options.

04/29/2022

Right now, the average home for sale is getting more offers than in recent years. Let's connect so we can discuss how you can win when you make a move in today's housing market.

04/26/2022

In a recent survey, homeownership ranked as the top indicator of financial success. That’s because, as a homeowner, you build wealth in the form of home equity. If you’re interested in learning more, or if you’re ready to start building your net worth as a homeowner, DM me today.

04/24/2022

In today’s unprecedented housing market, you may need to change the way you look at the asking price of a home. Frequent and competitive are creating an auction-like atmosphere where the asking price is often the floor of the negotiation. DM me to learn what you can expect as a homebuyer in our local market.

04/22/2022

It's essential to know what experts are saying about today's rising mortgage rates. Let's connect so we can discuss why making your move sooner rather than later could be your best plan.

04/19/2022

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Why does that matter so much today? There are many more buyers looking for homes today than there are homes available for sale, and that’s creating some serious competition. According to NAR, the average home is getting 4.8 offers per sale. As a result, bidding wars are still common.

Your pre-approval gives you a leg up in these situations. That’s because you know exactly what you’re approved to borrow before you write your offer, and it lets the seller know you’re qualified to buy their home. This helps both you and the seller feel confident in what you’re bringing to the table. And that puts you in a better position to potentially win a bidding war. As Peter...

Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explain...

04/17/2022

In today's housing market, buyers are competing over a limited number of homes. To help you prepare and go into your search with clear goals, list out your nice-to-haves and must-haves and stick to your budget. Then once you’re ready, DM me so we can put together a winning strategy to achieve your homebuying goals this season.

04/15/2022

If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. DM me so you can find a house that meets your changing needs and has plenty of space for you and your loved ones.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, ...

04/12/2022

Spring is the most popular time to buy a home, making it a great time to sell. Let's connect so you can take advantage of the spring buying season.

04/10/2022

Many wonder what will happen with home values in the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on this issue. “. . . We do need price appreciation to slow today (it’s not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a much different & safer space: better credit quality, low DTI [Debt-To-Income] & tons of equity. Hence, a crash in prices is very unlikely.”

Price appreciation will slow from the double-digit levels the market has seen over the last two years. However, experts believe home values will not depreciate (where a home would lose value). To...

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago.