Found 38 blog entries tagged as Sellers.

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Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.

1. Home Values Typically Go Up Over Time

There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up (see graph below):

 


Using data from the Federal Reserve (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60 years. There was an exception during the 2008 housing crash when prices didn't follow the normal pattern, but generally, home values kept…

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36 Spruce Hollow Circle, Spring Lake, NC

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$350000

   

       4bed - 2.5bath -     

           

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Stunning Immaculate two story 4 bedroom,3 bath home. Separate finished bonus room is 4th bedroom. Home is located in beautiful wooded Anderson Creek Golf Community. Incredible Master suite on 2nd story. Exquisite gourmet kitchen features granite counters, Island, stainless steel appliances, range, dishwasher and upgraded cabinets. Large windows will give you all the natural light you desire. 1st floor offers open floor plan with nice…

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What Makes a House a Home?

What Makes a House a Home? | MyKCM

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.

Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be just as important as the financial ones. Here are some of the things that make a house a home.

1. You Can Be Proud of Your Accomplishment

Buying a home is a major life milestone. Whether you’re setting out to buy your first home or your fifth,…

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Welcome home!! Don't Walk, run to this beautifully renovated 1920 ranch style home. This home boasts newly installed LVP flooring, Beautiful hardwood floors that have been refinished in both bedrooms, living room and dining room. This home has great natural light and storage throughout! Wonderful historic features through-out home. Kitchen has been updated with new granite counter, new backsplash, and wonderful accent pieces. Enjoy the large rocking chair updated front porch and back screen porch. Storage shed in fenced back yard. Shopping and downtown community next door. This property will not last long!

                                                   

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Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage Rates Are Dropping. What Does That Mean for You? | MyKCM

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.

Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:

Mortgage rates dropped even further this week as two main factors affecting today's mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result, according to Freddie Mac, the 30-year fixed mortgage rate fell to 6.31% from 6.33%…

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2023 Housing Market Forecast [INFOGRAPHIC] | MyKCM



Some Highlights

  • From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation.
  • If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing market is headed in 2023.

Sources:

  • realtor.com
  • Home Price Expectations Survey (HPES)
  • National Association of Realtors (NAR)
  • Mortgage Bankers Association (MBA)
  • Fannie Mae
  • Freddie Mac
  • Zelman & Associates
  • Greg McBride, Chief Financial Analyst, Bankrate

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You May Have More Negotiation Power When You Buy a Home Today

You May Have More Negotiation Power When You Buy a Home Today | MyKCM

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know that the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean that you may see less competition from other buyers.

And less competition means more opportunity. Here are two trends that may be the news you need to reenter the market.

1. The Return of Contingencies

Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the appraisal or the inspection, in hopes of gaining an advantage in a bidding war.  But now,…

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What Every Seller Should Know About Home Prices

What Every Seller Should Know About Home Prices | MyKCM

If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.

What’s Really Happening with Home Prices?

It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.

While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year…

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Reasons To Sell Your House This Season [INFOGRAPHIC] | MyKCM



Some Highlights

  • If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house.
  • The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year.
  • Let’s connect to determine if selling your house before the new year is the right move for you.

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Key Advantages of Buying a Home Today

Key Advantages of Buying a Home Today | MyKCM

There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates.

Buying a home in any market is a personal decision, and the best way to make that decision is to educate yourself on the facts, not following sensationalized headlines in the news today.  The reality is, headlines do more to terrify people thinking about buying a home than they do to clarify what’s actually going on with real estate.

Here are three reasons potential…

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