If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
I love the charm and uniqueness of an older home although renovating one, as I have come to find out, can be challenging! Sometimes I wonder what it would have been like if I had started from scratch and built something. Either way I would have made it my own. If you are looking to sell this year and wondering where to go, here are 4 great reasons to buy an existing home and 4 great reasons to buy a new home. You decide which is right for you!
Getting top dollar for your home does not always mean pricing it as high as possible. There are many factors to consider when pricing your home to sell and it is important to understand the “method behind the madness”. Pricing your home too high could result in less money than the home is worth, while pricing too low could result in money being left on the table. This is why it is so important to work with a Real Estate Professional who can help you navigate through all these caveats. Contact me today!
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and features, the things that make the home itself feel luxurious.
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:
If you were considering buying a home or selling a home in 2022 you probably felt like you had the rug ripped out from under you, with constant rate hikes and so much uncertainty in the market. The good news is that experts are predicting greater stability and predictability in the housing market for 2023. If you held off on buying your dream home or selling your home this past year, 2023 may be your year!
If you are thinking about buying or selling this year, here are 3 important questions to ask yourself.
If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus.
There is a wealth of information out there about the Real Estate Market, Buying and Selling Homes, Interest Rates and more. But, if you're like me, too much information and I become completely overwhelmed, shut down and then have no idea where to start! The good news for you is, there are Real Estate Professionals out there like me, who can help guide you through all of the confusion and provide you a clearer path towards your Real Estate Goals!
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