Pylon Realty

07/22/2022

https://www.bloomberg.com/news/articles/2022-07-20/housing-affordability-to-drop-to-2007-levels-this-year-s-p-says?utm_source=facebook&cmpid=socialflow-facebook-business&utm_content=business&utm_medium=social&utm_campaign=socialflow-organic&fbclid=IwAR2UqOamkfxyGftCnmwwxV06a0B-FYdsiGxXsBcsdJsJBD0jI9sWdnCujMA&fs=e&s=cl

Housing affordability is set to worsen to levels last seen early in the financial crisis as rising mortgage rates compound high prices, according to S&P Global Ratings.

07/18/2022

https://nationalmortgageprofessional.com/news/redfin-home-inventory-first-time-almost-3-years?fbclid=IwAR0C9-AoqbCwHuZVTMmsETgsJtekkzLqzjuc3dFJZC_-InqsCUIFOQrOx-4&fs=e&s=cl

The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from Redfin. Supply has built up as the combination of 5.5%-plus mortgage rates, high home prices, and a faltering economy oust more buyers, creating a more balanced market.....

06/21/2022

I'm delighted to bring this 5-bd, 3.5-ba property in Kennesaw to market! Contact me directly if you'd like to learn more.

09/03/2021

Your Agent Is Key When Pricing Your House [INFOGRAPHIC]

Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. DM me so we can price your house to attract multiple offers and maximize your return on investment.

Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition. If you’re ready to sell, don’t guess on the price. L...

08/31/2021

What Buyers and Sellers Need To Know About the Appraisal Gap

Why does an appraisal gap happen?

Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams. If you’ve ever toured a house you’ve fallen in love with, you understand. Once you start to picture yourself and your furniture in the rooms, you want to do everything you can to land the property, including putting in a high offer to try to beat out other would-be buyers.

When the appraiser comes in, they look at things a bit more objectively. Their job is to assess the inherent value of the home, so they’re going to study the facts. In simple terms, while homebuyers may be willing to pay more, appraisers are there to assess the market value of the home. Their goal is to make sure the lender isn’t loaning more money than the home is worth. It’s objective, rather than...

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.

08/27/2021

Your Checklist To Get Ready To Sell [INFOGRAPHIC]

When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. DM me today so we can make sure it shows well and catches a buyer’s eye.

Some Highlights When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. Let’s connect to make sure your house shows well and catches a b...

08/24/2021

What To Do with Your Vacation Home as Summer Ends

If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year.

>>Remote work continues to drive demand for vacation homes.

Recent data shows we’ll likely see a sustained increase in the rate of remote work over the next five years. That means your vacation home could be highly sought after by certain buyers. Lawrence Yun, Chief Economist at NAR, puts it best, saying, "Vacation homes are a hot commodity at the moment . . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers."

>>Selling could allow you to upgrade your vacation spot – or even your day-to-day scenery.
When demand is high, so is buyer competition. When competition is strong, buyers will do everything they can to make...

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-Ap...

08/20/2021

Options for First-Time Homebuyers [INFOGRAPHIC]

With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. DM me today if you're having trouble finding your first home so we can explore options together. It's out there!

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you're having trouble finding y...

08/17/2021

What Does Being in a Sellers’ Market Mean?

There’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers.

When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which leads to more bidding wars. And if buyers know they may be entering a bidding war, they’re going to do...

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?

08/13/2021

Sellers Are in a Sweet Spot [INFOGRAPHIC]

In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing needs and taking advantage of near historic-low mortgage rates. If you’re ready to make a move, DM me so you can capitalize on today’s market and find your next dream home.

Some Highlights In today’s sellers’ market, you’re set up to win big when you list your house. That’s because homes are selling fast, receiving 4.4 offers on average and often selling above the asking price. Then, when you buy your next home, you’ll also win by addressing your changing nee...

08/10/2021

Looking for a Place To Call Home? Consider a Condominium.

There are a few reasons more and more people are opting to buy condos – the benefits of condo life can be quite compelling. Let’s explore the main perks to find out if a condo is a good fit for you.

>>Affordability
According to the NAR report, the median sales price of a condo is roughly $59,000 less than the median price of a single-family detached home. This makes condos a great option for first-time homebuyers, those with limited down payment savings, or those looking to save money by downsizing.

>>Maintenance
A recent article from BankRate adds low maintenance as another perk of a condo-lifestyle. Generally, exterior maintenance for condos is handled by a Homeowner’s Association (HOA). This can include things like landscaping and upholding a certain standard of cleanliness and condition for walkways, siding, and roofs. If you’re looking for...

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile optio...

08/06/2021

Ready To Sell, but Don’t Know Where You’ll Go? [INFOGRAPHIC]

If you’re thinking of selling your house but don’t know what you should buy, you have options. Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, cash in on energy efficiency, and minimize repairs. Whether you’re looking for newly built or existing homes, both have their perks. If you’re ready to sell your house, DM me today to go over the perks of both existing and newly built homes to find out what’s right for you.

Some Highlights If you’re thinking of selling your house but don’t know what you should buy, you have options. Existing homes offer a wide variety of home styles, an established neighborhood, and lived-in charm. Meanwhile, new home construction lets you create your perfect home, cash in on energ...