Avoid 6 Costly Errors When Moving Up to Another Home
Segment 4
Avoid 6 Costly Errors When Moving to Another Home – Hot New Listings
Barb you mentioned that lots of your buyers are having to compete to get their offers accepted with higher than asking price offers, cash offers and zero buyer kick out clauses, how does a buyer win a home in this market?
We are seeing a meteoric rise of homes values of over 18.1% in just 1 year! (That trend is increasing.
Buyers are not only competing with other buyers but with Wall Street buyers lik, Home Partners, Offer Pad, Redfin, HomeLight & others
House supply Prediction
Inventory will remain low
Building of new homes not keeping up with demand
Rate of appreciation may slower but probably not like 2021
What if You Need your Equity to Buy your Next Home?
Driven by:
Finance Option –
Pull Equity out of your Current Home
Advantage: No need to Sell First
Disadvantage: Need to Qualify for Both Current Home and Future Home
Re-Cast Story
Buy Now Sell Later Lender Option
Pull Equity out of your Current Home
Advantage: No need to Sell First
Advantage: No need to qualify for 2 homes
Buy Now Sell Later Qualifications:
Good Credit
Have 20% Equity in Home
Have 12 Months Payments in Reserve or Retirement
Intent to sell in 90 days
Call for Lender Info
Sell First Option
Dilemma – No Place to Go
Tough to Get Temporary Housing
Building it could take 1 Year
How Much Equity will you Miss out on?
The Classic Real Estate Catch 22
We Can Guarantee the Sale of Your Home so You Can Buy Your Next Home – And NOT have a sale contingency
The biggest challenge for most home sellers is:
Contingent Offers
Most are Getting Rejected
CASH Offer On Your Home
Some homes we can bring a Cash Offer to Deliver:
Certainty
Ease to timing
Abilility to Buy Next Home Worry Free
The biggest challenge for most home sellers is:
Contingent Offers
Most are Getting Rejected
You are listening to the Real Estate Voice with myself Barb Schlinker of Your Home Sold Guaranteed Realty, you can reach me at 719 301 3900
We are talking about the Elephant in the Room having the Dilemma of needing your equity out of your current home to buy your next home..
Do You Think This Real Estate Market will ever correct and go down in value?
Equity Crystal Ball
Lots of Fear About a “Real Estate Market Crash”
Why? 2008 Debacle
Buyers Now can Qualify for a Mortgage!
What other investment vehicle out there it will increase by 18+% in just 1 year!
Average increase in Since January = $69,300
Households have Equity
Majority of Buyers and Sellers are Boomer Age but
Millennials are one of the Large Populations and They are the New FTHB
Barb I know this is your favorite part of the show, highlighting some hot new listings, what do you have for us?
#1 Best Buy of the Week
419 S 2nd St Cripple Creek, CO Upper $60s
Best Buy of the Week:
5360 Artistic Cir, CS CO 80917, $399,999
Sneak Peek -Myers Rd, Colorado Springs, CO 80928, Mid $300s
Sneak Peek -Bridlespur Ridge, Colorado Springs, CO 80918, Upper $500s
