Housing Market to “Spring Forward”

Spring-Forward

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward”! Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong and is currently three times stronger than last year at this time.

The National Association of REALTORS (NAR) recently reported that the top 10 dates sellers listed their homes in 2014 all fell in April, May or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2015, meet with a local real estate professional to evaluate the opportunities in your market.

Invest your Money: The Smart Way

nana smith sells real estate in stamford ct

So you have decided to invest your hard earned money into real estate – smart move! Thousands of people are doing it and it is working! Buying a property and renting it out can take work but it can also have many benefits. Before you start investing your money there are a few things that you should know.

What are you looking for?

Every single house is not a good investment. In fact, many properties could actually lose you money. Find out approximate mortgage payment amounts and comparable rents in the same area before you make your final decision on any property.

 Is it a Good Deal?

Unfortunately, the perfect property to invest in will not fall into your lap. Find out what type of property you are looking for and start doing your research. Once you know what type of property you are looking for as well as the price, you are now able to start your search!

 Can A Realtor Help?

Being in touch with a realtor that knows what you are looking for can also help! The realtor will know exactly what you are looking for and can forward you over any properties in these criteria.

exp, exprealty, crea, completreREA, Nana Smith listing agent

Are they a Good Tenant?

What is the point in renting out the home if the tenants increase your amount of grey hair? Your goal is to make money, so make sure that your tenants are trustworthy. Call their references and make sure that everything is in writing. A little bit of extra work here can save you a lot of time in the future!

 Can it Save Me Money in Other Ways?

Did you know that your cash flow should be tax-free? That’s right! Rarely will an investor pay taxes on this! On top of that, owning property is a tax deduction. This can help you when filing taxes once a year against your other income.

nana smith, listing agent, stamford CT listing agent

 

Did you know that your cash flow should be tax-free? That’s right! Rarely will an investor pay taxes on this! On top of that, owning property is a tax deduction. This can help you when filing taxes once a year against your other income.

Great article on The Cash Flow Statement