News And Information From By Whaley & Associates

Buying and Selling in the Summer

summer real estateIn most markets, the Spring season is the most important time of year for buying or selling a home. However, with stay-at-home orders imposed in many markets by mid-March, some new listings never saw the light of day. In addition, tightening in the mortgage markets and job uncertainty discouraged many buyers from looking for a new home this year.

Now, as states explore reopening scenarios and people learn to navigate the new normal, both buyers and sellers are starting to take a fresh look at their options. An active late-Spring or Summer market is expected to develop, allowing hopeful buyers and sellers to fulfill their 2020 real estate goals.

How should you plan for this Summer market? How will it differ from a traditional Spring market? Below are the best tips for both buyers and sellers for an effective and profitable Summer real estate market.

Buying Tips for Summer

Read more: Buying and Selling in the Summer

Gen-Z and Millennial Homebuying Guide

Gen-Z HomebuyerAccording to the most recent Generational Trends report from the National Association of REALTORS®, Millennials currently make up the majority of home buyers, with Gen Z waiting in the wings as the next generation of first-time home buyers. Both cohorts hold overwhelmingly positive attitudes toward homeownership as a major life goal. The main reason given for their home purchases? “It was just the right time to buy.”

How do you know if it’s time to buy a home?

Read more: Gen-Z and Millennial Homebuying Guide

6 Signs It's Time to Sell Your Home

Time To SellTen years. That’s the average amount of time a homeowner stays in a house before a sale, according to the National Association of Realtors®. Think that sounds shockingly short? Or way too long? The fact is, people's reasons for selling their homes are different, as are their time frames. Still, there are some common reasons—financial and emotional—that lead us to sell our current home and move on to the next one. And you don't always see the reasons coming. Read on for some telltale signs it's time to start looking for the next home and packing your bags (and when you should settle in for the long haul).

1. You know the seller’s market is booming and you want in

Read more: 6 Signs It's Time to Sell Your Home

Creating a Recession-Proof Home

investmentAs economic indicators from the stock market to the real estate market continue to feel the effects of COVID-19-related shutdowns, the question of economic recession has become not so much a matter of “Will it happen?” as “When will it happen?” While in classic terms a recession is only official after two quarters of declining economic growth, the current uncertainty makes a recession likely, if not inevitable.

At the same time, real estate listings are still going on the market and fielding multiple offers. Virtual showing platforms have experienced exponential growth. In short, the buying and selling of real estate continues apace, with many agents facilitating an end-to-end, contact-free experience to ensure their clients’ safety and comfort.

Whether you are a buyer looking for a new home or a homeowner considering listing your home, it’s important to make smart decisions now in order to weather whatever comes next. Here are some ways to ensure that your home is a financial asset and not a liability as we enter the new normal.

Prioritize equity building

Read more: Creating a Recession-Proof Home

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Keller Williams Realty
License Number: #01417209
Office: (760) 473-8060

6005 Hidden Valley Rd.
Carlsbad,CA 92011

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Brad & Maya Whaley
Whaley & Associates
Bradley Whaley CA DRE# 01369165 & Y. Maya Whaley DRE# 01393491

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