Episode #369 - 5/24/24

Jay Day's Real Estate Podcast

🎙️ This Week's Podcast: Questions You May Have About Selling Your House 🏡❓

Are you contemplating selling your home but hesitant due to current mortgage rates? You're not alone! This week, we tackle the top questions homeowners like you are asking about selling in today's market:

1️⃣ Should I Wait To Sell?

Waiting might seem wise, but remember, many are thinking the same way. According to Bright MLS, even a modest drop in mortgage rates could flood the market with buyers and sellers, increasing competition and potentially leading to multiple-offer situations. 📉🏠

2️⃣ Are Buyers Still Out There?

Yes! Despite the current challenges, the ShowingTime Showing Index indicates that buyer activity, while not at the peak 'unicorn' years, is still robust compared to the last normal years (2018-2019). Your home still has a market! 📊👀

3️⃣ Can I Afford To Buy My Next Home?

With significant equity gains in recent years, you might be in a better position than you think. Many homeowners are using this equity to make all-cash purchases, minimizing the impact of mortgage rates. 💸🏡

🏡 House of the Week: 1569 Carey Place, Frederick - $275,000

- Features: 3 bedrooms, 1 bathroom, semi-detached home in a quiet cul-de-sac. Just minutes from downtown Frederick.

- Amenities: Front porch, partially finished basement, driveway parking, fenced yard, deck.

- Updates: New roof (2020), HVAC (2019), central air (2020), windows and siding (2006).

- Potential: A perfect fixer-upper opportunity to build sweat equity in a desirable neighborhood! 🛠️🌳

👀 Don't miss out on this affordable gem or our latest podcast episode for more insights on the current housing market! 🎧💬

See omnystudio.com/listener for privacy information.