And just like that, it's April 2024!
Hello April!
April is here and so are the buyers! After several months of slower activity, we are starting to see things pick up. Last month our price point was hovering about 450K for buyers and now it’s up in the 600K range. That’s great news for sellers! inventory is dropping again and so have rates, although not as much as we ‘d like to see. The word is getting out that you can buy now and refinancing for free in the next 5 years. The buyers are done waiting and are willing to pay to get what they want again. Even I bought a new investment property! Here is the message I wish more people would hear; when rates go down, interest in homes will go up and drive pricing. What you save in interest payments, you will lose in pricing. with so many refi options after your purchase, it’s amazing how many folks are still on the fence.
I am NOT worried. This is a normal real estate cycle, amplified during an election year. It happens. The bottom line, it’s still a good time to buy and sell. If you have questions, I can help. 407-948-8295
If you're curious about the current market conditions or have any real estate questions, don't hesitate to reach out. I'm here to help you navigate this market and make the most of your real estate purchase or sale.
Sellers, wanna try out something really neat? If you own a home and would like to keep track of your equity and value, I have access to a really cool product called HomeBot. You can sign up here: HOMEBOT AI. I love this technology! It gets delivered once a month and the info is easy to read and understand. It’s a free app to use. I highly recommend you try it out. I have 500 spaces available and they are first come, first served. As always, you can always call me to get a personal evaluation of your home. 407-948-8295.
RECENT HOME SALES
The Best Week To List Your House Is Almost Here
Are you thinking about making a move? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner.
A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual year), and found the best week to put your house on the market this year is April 14-20:
“Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”
Here’s why this matters for you. While the spring market is a great time to sell no matter the week, this may be the peak sweet spot. And if you’ve been putting your plans on the back burner and waiting for the right time to act, this could be the nudge you need to make your move happen. As Hannah Jones, Senior Economic Research Analyst at Realtor.com explains:
“The third week of April brings the best combination of housing market factors for sellers. The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.”
But, if you want to get in on the action, you’ll need to move quickly and lean on the pros. Your local real estate agent is the perfect go-to when it comes to figuring out a plan to prep your house and get it on the market.
They’ll be able to offer advice to balance your target listing date with what you need to do from a repair and renovation standpoint. And they can walk you through exactly how to prioritize your list so you know what to tackle first.
For example, if your house is already in good shape, you’ll be able to really focus in on the smaller things that are easy to do and make a big impact. As an article from Investopedia says:
“You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers.”
Here are some specific examples from that article:
Just remember, even if you’re not ready to list within the next couple of weeks, that’s okay. The window of opportunity doesn’t close when this week ends. Spring is the peak homebuying season and it’s still a seller’s market, so you’ll be in the driver’s seat all season long.
Bottom Line
Ready to get the ball rolling? Let’s connect and schedule a time to go over your next steps.
I am happy to come by and check your home out! Call me! 407-948-8295
FIND OUT YOUR HOME’S ESTIMATED VALUE. CLICK HERE!
Thinking of buying but still need to sell? There’s a loan for that! See below!
I have known Susie Carlton for over 15 years and she is one of my favorite humans! She’s caring, smart, and simply the best! I trust her with my own family! Check out the program below. It’s kind of amazing!
About our sponsor… See below.
I have been training with Andrew Noble at Smart Fitness for 7 years or so..(I lost track). Smart Fitness is unique in its approach. You won’t find a bunch of gym rats or grunting weightlifters. I go there 2 times a week for 20 minutes, in my work clothes. It’s low-impact strength training that I can commit to. I’ll be honest. I hate working out and he knows it lol! I go because I know I need to, and because I know that Andrew truly cares about my health. He’s not only my trainer but has become my friend. You can expect one on one low impact training and also guidance to help you live a healthier life. Check out the testimonial below.
THANKS! See you all next time!
DAVID DORMAN BROKER / OWNER
CENTURY 21 PROFESSIONAL GROUP. 2747 MAGUIRE RD OCOEE, FL 43761
DAVID@DAVIDDORMAN.COM. 407-948-8295. WWW.DAVIDDORMAN.COM