If you’re a millennial, home buying might be top of mind for you. Your generation is the largest group of Chicago home buyers in the market today and has been since 2014, according to the NAR. And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your house.
When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market in Chicago, IL, that time is right now. If you’re thinking of selling your home this year, here are two reasons why now’s the time to list.
1. Demand Is Very Strong This Winter
2. Housing Supply Is Extremely Low
Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High
Millennials are now in their late 20s or early 30s. They are getting rid of their student loans, getting married, starting families, and purchasing their dream home. They constitute a major part of real estate transactions. Moreover, this number is growing every month and year.
While selling houses, it’s crucial to consider millennials as prospective clients. There are high chances that more than 50% of your interested clients come from this new generation of modern home buyers. As per the top real estate professionals near you, it is critical to know your buyers and what will pique their interest. We have put up a guide to help you sell homes to the millennials.
🗸 Embrace Technology And Social Media
🗸 Offer Them A Move-In Ready House
🗸 List Your Property On Puerto Rico And The World
As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts in Chicago can make all the difference for diverse homebuyers.
We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, the lowest homeownership rate persists in the Black community.
The competition in the real estate world is cut-throat. Homebuyers tend to visit at least 4 properties in their desired locations, weigh the pros and cons of each and then make a decision. Some property buyers are not ready to compromise with their desired features and spend months searching for a home that meets their demands and requirements.
If you want to sell your property fast and at a profitable price in the challenging world of real estate marketing, you must try to add these features to your properties. Are you wondering what these critical home features are?
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. According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.
. Real estate tops the list because you’re not just buying a place to call home — you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.
The first walkthrough of homes for sale is crucial. It’s the first-time you view the home from the inside and compare it to your dream home. During the first house visit, genuine buyers often assess it based on its amenities, neighborhood, number of rooms. However, a home is more than that. It’s structural and stability plays a significant role. We bring you a checklist of things you look out for during the first visit of properties for sale.
Here are some of the points that will help you understand well.
✅ Inspect The Floors
✅ Look Out For Cracks In The Wall
✅ Notice The Fresh Paint
✅ Pay Attention To The Tress
✅ Assess The Windows
Have you been wondering how to sell your property in 2022? Well, that is a critical process but not an impossible one if you follow the proper steps.
Since you must have been residing in that particular house for years, there might be visible signs of wear and tear. And to start right, you should first fix them. Also, you will have to detach your emotional attachment to the house before searching for real estate agents near you. Only then can you put up homes for sale successfully.
Now that you are taking notes on preparing yourself and your property for sale read the following real estate guide. It will help you sell your home fast.
✅ Start with Hiring a Trusted Real Estate Agent
✅ Declutter the Property and Make Necessary Repair
✅ Do Home Valuation and Set the Asking Price
✅ Take Photos for Publishing in the Adverts
✅ Keep All the Necessary Documents Handy
From hiring a realtor to using a real estate advertising tool, all these things help you prepare for the sale. So, you better not skip any of these guiding steps. We understand that letting someone else own a place where you made memories is not easy. But, it is also no less than an adventure worth riding for a better future.
Are you searching for a genuine buyer to sell your home to but haven’t prepared for it yet? Here’s the 2022’s home selling guide you must follow. Read on!
When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago.
Read our blog on our official website (KM Realty Group Chicago) for more details.
What does the coming year hold for the housing market? Mortgage rates are projected to rise, and so are home prices. Experts forecast buyer demand will remain strong as people try to capitalize on rates and prices before they climb. Let’s connect with KM Realty Group professionals in Chicago if you’re ready to buy or sell so you can make your best move in the new year.