Dan Phipps Home Selling Team

03/10/2023

An Expert Makes All the Difference When You Sell Your House

If you’re thinking of selling your house, it’s important to work with someone who understands how the market is changing and what it means for you.

A local professional knows how to set the right price for your home.
Home price appreciation has moderated this year. If you sell your house on your own, you may be more likely to overshoot your asking price because you’re not as aware of where prices are today. Pricing your house too high can deter buyers or cause your house to sit on the market for longer.

Real estate professionals look at a variety of factors, like the condition of your home and any upgrades you’ve made, with an unbiased eye. They compare your house to recently sold homes in your area to find the best price for today’s market so your house sells quickly.

03/08/2023

There are plenty of great reasons to own a home. A major one is that it allows you to accumulate wealth. As the largest asset for most homeowners, housing is a major factor in building your net worth. Let’s chat about your homeownership goals today.

03/06/2023

Is It Really Better To Rent Than To Own a Home Right Now?

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on.

A lot of the time, these reports are assuming things that aren’t realistic for the average household. For example, the methodology behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they’d spend on costs tied to buying a home and put it in an investment portfolio.

But here’s the thing – most people who rent aren’t making those investments.
One of the difficulties with the rent and reinvest model is many people simply rent and spend the difference.That’s wealth destroying.

03/03/2023

02/27/2023

One Major Benefit of Investing in a Home

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability. Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage. One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Let’s connect today so you can start investing in homeownership.

02/20/2023

Buyer’s Purchasing Power

02/17/2023

Wondering What’s Going on with Home Prices?

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

U.S. house prices were largely unchanged in the last four months and remained near the peak levels reached over the summer of 2022. While higher mortgage rates have suppressed demand, low inventories of homes for sale have helped maintain relatively flat house prices.
If you currently own your house, you may be concerned about even the smallest decline in prices. But keep in mind how much home values grew over the last few years. Compared to that growth, any declines we’re seeing nationally are likely to be minimal.
To understand what’s going on with home prices in our market and how they could impact your goals, let’s connect today.

02/15/2023

Should You Consider Buying a Newly Built Home?

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.

While existing-home inventory remains limited, the silver lining for home buyers is that new-home inventory is on the rise, and a new home at the right price is a pretty good substitute. The best way to decide what type of home to buy is to work with a trusted real estate professional who can help you weigh the pros and cons of each option. They know which homes are available in your local market, and which builders might be offering incentives that make sense for you. Even though there aren’t a lot of homes for sale today, new home inventory is on the rise, and many builders are offering incentives. Let’s connect so I can help you weigh the pros and cons of shopping for a new home versus an existing one.

02/10/2023

2nd Annual Cupid’s Craft Fair- Valentine Card Drive

✨ 2nd Annual Cupid’s Craft Fair✨

Valentine Card Drive and Pop-Up Event

🗓 Saturday February 11, 2023

⏰ 11am-4pm

📍 1601 Coffee Avenue, Modesto, CA

The West Parking Lot of The House Modesto Church.

**MUST ENTER VIA BRIGGSMORE AVENUE ENTRANCE.**

Join us for a Family Fun Event! We will have music provided by LeRoy Productions 🎶 (), Delicious Food, Tasty Drinks, Valentine 💝 Photo Booth, FREE Raffles for all attendees, Kids Craft Area, and More! ✨

The First 60 kids will receive a free Valentine Gift. 💝

02/08/2023

How Experts Can Help Close the Gap in Today’s Homeownership Rate

Homeownership is an essential piece for building household wealth that can be passed down to future generations. However, there are obstacles in the homebuying process that can negatively impact certain groups. This can delay or prevent many from achieving homeownership, challenging their ability to benefit from everything owning a home offers.

However, with the right support and resources, there are solutions if you’re part of this community and planning to buy a home. The problem does exist. We have data that back that up. But there are solutions, and Black homebuyers shouldn’t lose faith that they’ll never be able to become homeowners.

02/06/2023

You May Not Need as Much as You Think for Your Down Payment