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January 2019

Found 4 blog entries for January 2019.

Most people want to shy away from selling their homes in the winter, whether it be from the cold, the holiday craziness, or because they simply think that their home won’t sell for enough money. Although, winter may not be the most popular time to sell a home, this does not mean you need to wait for it to warm up to list your property. With some hard work and a good strategy, you can make your home stand out to potential buyers.

There are many reasons why you shouldn’t have to wait until Spring to list your home, as well as tips and tricks to make the process easier. One good thing about winter, is that it brings out serious buyers. Not everyone looking at houses intends to make a purchase immediately. Some people are contemplating moving and may

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Some Highlights:

  • If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI).
  • Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
  • Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4th best renovations for returns on investment.

Bottom Line:

Talk to a REDCO Agent today about which Renovations to Complete before selling your Home!

 

Source: https://www.keepingcurrentmatters.com/2019/01/04/top-renovations-to-complete-before-you-sell-your-house-infographic/

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Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint.

An end-of-the-year survey by the Federal Reserve Bank’s Center for Microeconomic Data revealed that:

“The majority of households continue to view housing as a good financial investment.”

And that percentage has increased over the last three years.

Bottom Line

Though there is some uncertainty as to how the real estate market will perform over the next twelve months, one thing remains very certain: America’s belief in homeownership.

 

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As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need to watch carefully: interest rates & inventory.

Interest Rates

Mortgage interest rates had been on the rise for much of 2018, but they made a welcome reversal at the end of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates climbed to 4.94% in November before falling to 4.62% for a 30-year fixed rate mortgage last week. Despite the recent drop, interest rates are projected to reach 5% in 2019.

The interest rate

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