by Ashley Hammons | Jun 7, 2021 | Uncategorized
Folks are worried about buying in this market. They fear a bubble or market crash. We do not believe it is coming. However, here are some things to help ease your mind.
According to market experts during the market crash moving the country from the roaring 20s into the great depression, inflation-adjusted home prices fell by only 7%. I know that number seems small. We are talking about the market average here. Of course, some homes at the very top of the market would have lost more and those at the bottom may have lost less. By 1940 those same homes had not only gained back that 7% but had gained an additional 8% of value.
We saw very similar things during the “Housing Bubble” rupture of 2008. Many homes in the hottest markets at that time lost significant value, like up to 75%! Those same homes by 2018 had not only gained back their losses but had put on over 10% increases over their previous high. Keep in mind that a great majority of homes in North Texas actually saw no loss during that time, rather their values seemed to hover steadily for a few years then began to build value once again.
To me, that shows tremendous stability in the housing market and its ability to rebound. The housing market is one of the heaviest regulated in the country because so many people have so much of their life’s earnings involved. If you are thinking about buying a home for your family but are fearful of what home values may do in the future we can look to the past with confidence knowing that if we do see a downturn we can expect to see a light at the end of the tunnel in just 10 years. This really doesn’t seem like that much risk given that Americans tend to stay in their homes for 7 years. It only means if there is a blip in the market some folks may have to stay in their homes an additional 3 years.
We don’t believe we are heading into a great market crash or the bursting of a housing bubble, but with inflation, on the rise, this may be the best time to make your move.
-Tracy Hammons, Associate Broker, AT Home Texas Real Estate
by Ashley Hammons | Nov 11, 2017 | Selling your home
YOU ONLY HAVE 10-SECONDS TO IMPRESS A HOME BUYER!
No matter how great the interior of your home looks, buyers have already judged your home before they walked through the door. Potential buyers will form opinions before entering your home. And you never have a second chance to make a first impression. You can test this out by looking through our current list of Greenville homes for sale. Pay attention to your own impressions based only on the first picture. Curb appeal is very important!
How To Make A Great First Impression with Curb Appeal
It’s important to make people feel welcome and safe as they approach the house. The second a potential homebuyer pulls into the driveway the clock starts ticking. Before that happens take some time to spruce up your home’s exterior. Take notes on which part of your house is visible as you are pulling into your street and as you pull into the driveway. There are many ways to pump up your home’s curb appeal. For example, inexpensive shrubs and brightly colored flowers near the front door will help draw the eyes right where you want them to focus.
We all know the importance of having a clean home when trying to sell, but many people forget that this rule extends to the exterior as well. Power washing the outside of your home is a sure-fire way to boost your curb appeal. It will take off any dirt and grime on the siding and windows leaving everything clean and shiny. The before and after of a power washed home is shocking, it really makes a difference. When a potential buyer pulls up to a clean house with sparkling clean windows, they know the current owner has pride in ownership. Pay attention to the smaller details as well when cleaning up outside.
- Make sure the sidewalks in front, the driveway, and walkway entering the home are all well swept, or power washed.
- Taking an edger or weed Wacker around the perimeter of your front lawn will do wonders too.
- Remove any yard debris that may be collecting in corners around the home perimeter or fence line.
- Inspect the paint on the exterior of your home and touch up any weathered or dull areas.
Last but not least the front door, the cherry on top of your home’s curb appeal is the front door, so dress it up a little. Take the time to really clean the screen door if you have one, especially if the door has any glass. Clean the glass inside and out for a lasting impression when they walk in and when they walk out. Use a brightly colored wreath or welcoming plaque to stand out in a sea of homes for sale. Aside from location and specific details in the home, the homebuyer’s decision will be heavily determined by the look and feel they get from that first 10-second impression. So, make it count!
