Many of our clients are calling us early this year, as they are getting the “itch” to get moving on moving (did you get that?). Good move! As we start a new year and look at some of the changes in our market, I have been encouraging our clients to start planning now, so we can make sure they are educated and that they have a plan in place for that moment when they finally realize-It IS Time! So, what is going on in the market and how does it affect you?
As you have likely noticed, interest rates have crept up slightly from last year, and are hovering around that 5% mark. This is still being regulated by the Fed slightly, and we really should be up closer to around 6%. Will 6% happen this year? No one can say for certain, yet I would say that if you know your move is inevitable, we should get together and start planning sooner than later, as a 1% rate hike can certainly affect affordability in every price range (unless you have cash, of course!).
What about inventory?
Well, as we look at our stats that wrapped up 2018, we notice a few things. First off, our months supply is still a lowly 2.1 months of inventory overall. This is down 8.7% from the previous year. Remember, a balanced market is around 6 months of inventory, so it is still a great time for sellers.
Never fear, buyers! We are seeing more inventory, in most of our price ranges and areas, coming onto the market this winter. We should see more houses for you to choose from, if you are looking to make a move. Homes for sale is slightly down overall, yet in some of our mid to higher price ranges (think $300,000 and up), we have seen a 10.5% increase in listings. Good news, as this market shifts into 2019.
Overall, we are noticing a slight shift in the market, yet the outlook for 2019 is a positive one for those with a move on their radar. Every area within the Twin Cities is slightly different where these trends are concerned, so if you would like a more in depth look at YOUR area, we would love to share it with you. Give a call, shoot us a text or an email and we would be happy to spend some time with you discovering the best strategy around your plans this year!

Christmas time can be busy and full of frantic shopping, party planning and just plain “too much to do and not enough time to do it!” Well, if your shopping this year includes shopping for houses or shopping for staging ideas to prepare your house for sale, we have got a gift for YOU!

We has tons of resources right here on our website for you to get expert advice on nearly every step of selling and buying homes. You can watch our videos and shop for homes from the comfort of your coziest sofa right at home! Here are just some of the topics you will find:
Sellers:

• What Happens If You Get Multiple Offers
• Home Staging Tips from With Buyers Eyes
• How To Prep For Selling Your Luxury Home
• When Should I List to get Top Dollar?
• Can an Inspection Kill The Deal?

Buyers:

• I’m Ready To Buy My Dream Home. Whats Next?
• Buying In a Seller’s Market? We Got Your Back!
• Buying Before Selling
• Will Downsizing Cost Me More?
• Where Do We Begin to Build a New Construction Home?

Not planning a move anytime soon? No problem! We have the Around Town section of the blog, that gives you tips on restaurants and attractions all over our state that you can visit, or live vicariously through our visit and “experience” them from your living room!
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Also, you have the great opportunity of being our best ambassadors-YOU have friends who are planning to make a move in 2019. Would these resources help them? Are they looking for an expert team of Realtors to help? Sent them a text that says SadatSells.com and get them connected. We appreciate your connections and we can’t thank you enough for your referrals and your support! Merry Christmas to YOU!

Angela discusses the various inspections buyers might choose to have performed on their soon to be new home.

In the current highly competitive seller’s market, here are some steps you can take as a buyer to be best prepared to get the home you choose!

Welcome to our Buyer Bulletin for the month of April 2018. For this month, we wanted to talk to about pre-approval and why it’s so important for finding the home of your dreams.

How does having an awesome buyer specialist benefit you? Let’s find out with this month’s Buyer Bulletin.

How does having an awesome buyer specialist benefit you? Let’s find out with this month’s Buyer Bulletin.

Are you looking to downsize? Many of our clients are finding that they are willing to pay more for their smaller home than the price they are selling their larger home for.

Are you looking to downsize? Many of our clients are finding that they are willing to pay more for their smaller home than the price they are selling their larger home for.