Here’s why you shouldn’t be afraid of what’s going on in our market.

We’ve heard so many questions from clients and friends about the impact that low inventory and high demand are having on the real estate market. So many people are trying to adjust to working from home with distanced learning and the homes of today may not be fulfilling their needs.

Some have the fear that home values are too high right now. Although they’ve certainly been on the rise, they’re not out of line in comparison to historical appreciation. The historic low interest rates can offset that increase in price. 

“Lenders aren’t taking on as much risk these days.”

Other buyers have the fear of nowhere to go. You’re hearing that the market is crazy and there just aren’t enough homes for sale to keep up with demand. It’s not a simple process, but we are confident that we can help you sell your current home and buy the new home of your choice. We have many examples of real-life client success stories from people who we’ve helped buy and sell in the current market.

Finally, buyers are fearful that we’re close to another housing bubble. We’re not, because the previous bubble was caused by deregulation of the lending industry. Back then, lenders were comfortable taking on high levels of risk, and mortgage qualification standards were much lower. These days, lenders aren’t taking on as much risk, and 57% of homeowners have at least 50% equity in their homes. At the same time, 42% of all homes are mortgage-free.

In chaos, there is always opportunity. Most homeowners don’t realize how much equity they have and how they can use that equity to take advantage of some opportunities in this market. If you have any questions or would like to learn more about how you can use this chaotic market to your advantage as a buyer and/or seller, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.