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Home Worth | Blog

Tuesday, February 8, 2022   /   by Mary Ellen Small

Consumers Agree: It’s a Good Time To Sell

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move.

However, recent data shows that time may already be here. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell.

Looking back over the past few years, its clear consumers are incredibly optimistic today. The graph below shows the percent of survey respondents who say it’s a good time to sell a house, and their positive outlook is on the rise. The big dip near the middle of the chart indicates how consumer sentiment about selling dropped at the beginning of the pandemic as uncertainty about the health crisis and its impact grew. The good news is, the tren ...

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  atlanta, georgia real estate, gwinnett county, real estate, suwanee, buford, home buyers, home value, home worth, real estate agents, real estate market, realtor, sell faster, sell for more, zillow

Wednesday, November 11, 2020   /   by Mary Ellen Small

The New Normal: A Strong Housing Market Expected to Continue into 2021

“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said.1 And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages.

 
But, rather than a slowdown, we are continuing to experience a surprisingly robust real estate market in Buford, Braselton, Hoschton, Gainesville, Flowery Branch, Winder, Cumming, and all of North Georgia. Experts estimate that these conditions are likely to last well into the new year. Fannie Mae Senior VP and Chief Economist Doug Duncan predicts that existing home sales will ultimately “be up a percent or more in 2021.” He believes home prices will continue to rise due to limited inventory, but he is confident the Federal Reserve will keep interest rates low into the future, which will be “l ...

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  atlanta, georgia real estate, gwinnett county, home buyers, home sellers, real estate, suwanee, buford, home value, home worth, real estate market, sell faster, sell for more

Friday, March 1, 2019   /   by Mary Ellen Small

What's Your Home Actually Worth? Click here to read about the three types of home values.

 Discover What Buyers Will Pay in Today’s Market
 
 
It’s easy to look up how much money you have in your savings account or the real-time value of your stock investments. But determining the dollar value of a home is trickier.
 
As a seller, knowing your home’s worth helps you price it correctly when you put it up for sale. If you price it too high, it may sit on the market. But price it too low and you may be losing out on a good chunk of money (nobody wants that!). For buyers, it’s important to know a home’s worth before you make an offer. You want your offer to be competitive, but you don’t want to overpay for the property. 
 
Even if you’re not a buyer or seller right now, as a current homeowner you might just be curious about the value of your home. Keeping track of your home’s worth year over year helps you understand the trends in your market. So when you are ready to sell, you can take advan; ...

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  atlanta, georgia real estate, gwinnett county, home buyers, home sellers, real estate, real estate agents, realtor, suwanee, trulia, zillow, appraisal, buford, home value, home worth