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Here come the holidays. It’s the time of year for good cheer. It’s also the time of year when many sellers take their homes off the market, or wait until January to list them. But the smart money says they’re wrong to do so. For one thing, there’s usually less competition to attract would-be buyers during the holiday season. Busy with holiday parties, buying gifts and perhaps taking a family vacation, sellers don’t have the time to make their homes ready for sale, so they don’t even bother. But if they wait, other folks in the same boat will also be listing their houses. And before long, all of you could be vying for the same buyer. For another thing, people out looking at houses during the holiday season are not tire-kickers. They’re serious. They are just as busy as you are, but they’ve made buying a priority. Some need to find a place right away — maybe they’ve been transferred into the area, for example. And since they won’t have much inventory to choose from, you might be able to sell quicker — and at a higher price. Inside, your holiday decorations will make the house festive and welcoming. Yes, you’ll have to keep the place tidy. But nothing is as inviting as holiday decor. “Decorated homes engage the emotions,” says Debbie Reynolds of Platinum Properties in Clarksville, Tennessee. “Remember: Emotions buy.” Source: Lew Sichelman, The Housing Scene

A new survey by the National Association of Realtors found that 63% of those polled in Q3 2019 say they believe now is a good time to buy. Of those respondents, 34% said they “strongly” believe now is a good time to buy. “Interest rates are at historically low levels, so I see no sign of the optimism about home buying fading,” said NAR’s Chief Economist Lawrence Yun. The survey reported that of those who believe now is a good time to buy, the silent generation (born between 1925 and 1945) were most likely to believe now is a good time to buy, with 75% expressing that belief. Older baby boomers (those born between 1946 and 1954) followed as 72% believe now is a good time to buy a home. According to the NAR, 54% of respondents who have an income of under $54,000 said now is a good time to buy a home. The amount of people who believe now is a good time to buy increased as incomes went up, rising to 64% for those earning between $50,000 and $100,000. Seventy-two percent of those who make more than $100,000 say now is a good time to buy. “Not surprisingly, as incomes increase, the process of buying a home is less of a strain,” Yun said, “This has always been the case, but in this third quarter survey, we see it to an even greater extent – high earners are more open to buying a home.” Source: DS News

A strong economy, coupled with low interest rates, has jacked up the demand and the prices for vacation homes, according to data from the National Association of Realtors (NAR). The data focused on 206 counties, or 6.6 percent of the total housing market, identified by the U.S. Census Bureau as vacation home counties. The median sale prices within vacation home counties increased by 36 percent between 2013 and 2018, compared to the 31 percent increase during the same period on all existing and new home sales. “Some people may visualize the common popular vacation destinations in the U.S. when considering a vacation home, such as counties in Florida or California,” said NAR Chief Economist Lawrence Yun. “And although those locations have their share of vacation properties, we see that some homeowners prefer some of the other counties, including those in Massachusetts and New Jersey. These areas are often known for harsh weather conditions, but are popular nonetheless.” Source: NAR 

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I work professionally as a Realtor® in the Carson Valley area. I also serve the South and East Shores of Lake Tahoe. I love hiking and mountain biking in my spare time. I also love helping people in the real estate market. I am dependable, ethical and responsible. I have been in the real estate business since 1996.

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