Real Estate Market 3rd Quarter 2019

The real estate market has been chugging right along the last year and a half. If you had a home to sell it would sell relatively quickly, almost regardless of its condition. But are things changing in the market? In this short write up we’ll go over just that and what market experts are saying.

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Housing Prices

It seems that prices may have reach their tipping point. It looks like more home owners are having to lower prices throughout the U.S. to get their properties to sell. It does seem that home buyers are tired of the bidding wars and rising to record highs. This is covered in an article by CNBC that talks about how bidding wars are down –

In September, 11% of offers written by Redfin, a national real estate brokerage, faced a bidding war. That is down dramatically from 41% a year ago, but up from the 10% reading in August.

That might not seem like a big deal, but in the past four years, the bidding war rate has dropped — not increased — from August to September.

The bidding war rate usually falls about 15 percentage points from the height of the housing season in March to the beginning of the slow season in September, at least according to seasonal patterns from 2013 to 2018.

Read the entire article

What’s Causing The Downturn?

It could be that first time home buyers are scared about the economy. Trade wars could be a concern. Many people listen to the news that talks about a recession coming in the near future which could impact their jobs.

One bright point, the Federal Reserve is lowering interest rates which may help give the housing market a boost.

Are We Headed For Another Crash?

There has been talk in circles that another housing market crash is on the way for a while. Do we believe it? Not really, at least not as bad as what happened in 2007. Here is a little bit of an article from a market expert that explains why –

So Are We Headed For Another Housing Crisis?

In all actuality, we don’t think so. There were two major factors that really had an effect on the crash of ’07-’08.

  • First, there were a lot of homes available. Builders were going crazy putting up new subdivisions everywhere throughout the Metro Atlanta area. The supply far outweighed the demand.
  • Second, Banks and Mortgage companies were making very risky loans and basically lending money to people that couldn’t afford to make the payments. Since the crash though lending standards have tightened up, to a degree.

Read the entire article

It’s important to note that the vast housing supply wasn’t just in Atlanta, but all around the United States.

What Do We Think?

Actually we think the housing market is still very strong and will remain that way, especially if the Fed continues to lower their rates. To us it looks like consumer confidence is up, however, we don’t have a crystal ball. The market could go in any direction. The best advice we can give – if you are in a position to buy a house and find one that you like and can afford – buy it. If you are a homeowner thinking of selling – there probably isn’t a better time than now.

We have not received any compensation for writing this post. We have no material connection to the brands, products, or services that we have mentioned.

Tips To Sell Your House Fast

It’s the beginning of a new year and things are looking really good. However some homeowners find themselves in a spot where they need to sell their house quickly. Sometimes it’s because of a new job in a different location, or maybe you have inherited a property that you can’t afford and a host of other reasons why you might need to sell quickly. So what do you do? That’s what we will cover in this short article.

Getting Your House Ready To Sell

The first thing you have to do is get your house READY to sell. This can seem a little overwhelming, but hopefully you have kept up with maintenance as well as kept your home clean. If you have, this process will go a lot smoother.

The Balance has a great article concerning getting your house ready for a quick sale;


Pack up those personal photographs and family heirlooms. Buyers can’t see past personal artifacts, and you don’t want them to be distracted. You want buyers to imagine their own photos on the walls, and they can’t do that if yours are there! You don’t want to make any buyer ask, “I wonder what kind of people live in this home?” You want buyers to say, “I can see myself living here.”

1. De-Clutter is the number one priority
People collect an amazing quantity of junk. Consider this: if you haven’t used it in over a year, you probably don’t need it.
If you don’t need it, why not donate it or throw it away?

  • Remove all books from bookcases.
  • Pack up those knickknacks.
  • Clean off everything on kitchen counters.
  • Put essential items used daily in a small box that can be stored in a closet when not in use.
  • Think of this process as a head-start on the packing you will eventually need to do anyway.

2. Rearrange bedroom closets and storage cabinets
Buyers love to snoop and will open closet and cabinet doors. Think of the message it sends if items fall out! Now imagine what a buyer believes about you if she sees everything organized. It says you probably take good care of the rest of the house as well. This means:

  • Alphabetize spice jars.
  • Neatly stack dishes.
  • Turn coffee cup handles facing the same way.
  • Hang shirts together, buttoned and facing the same direction.
  • Line up shoes.
  • Consider renting a temporary storage unit

Almost every home shows better with less furniture. Remove pieces of furniture that block or hamper paths and walkways and put them in storage. Since your bookcases are now empty, store them. Remove extra leaves from your dining room table to make the room appear larger. Leave just enough furniture in each room to showcase the room’s purpose and plenty of room to move around. You don’t want buyers scratching their heads and saying, “What is this room used for?”

Continue reading “How To Prepare Your House For Sale

De-personalizing and de-cluttering are probably the 2 biggest things you can do to help sell your house fast. It helps buyers imagine themselves living in the house.

Get Your House Sold!

So now you have your house all cleaned up and ready to sell.  However, time and time again we see sellers make mistakes when it comes to selling their property.

Today actually has some great tips on what NOT to do when selling your house;

Making small price reductions again and again

Nothing smacks of desperation more than incremental price drops. The longer a property is on the market, the more jaded the buyers become. The more times the price is cut, the staler the offering appears. Buyers reason that a lot of people must have seen it and that a lot of people must have rejected it. And if that is the case, then why even bother to consider it?

Instead, slash the price. Find out what your house is worth by looking at similar properties in the neighborhood and price it 10% below them. The most enticing houses on the market are the newest and the cheapest. If you can be both, you’ll offload yours in no time at all.

Hiring the wrong broker

There are many ways of finding a good broker. Personal recommendations from friends and colleagues are often the best way to go. If someone outside the real estate business with nothing to gain is bringing up a broker, you can be pretty sure you’re on to a winner. The best brokers — the top 10 percent — do 90 percent of all the business. So don’t get stuck with a lemon. You want someone with enthusiasm and drive, someone who will give you the attention you need and steer you through the whole messy process with courtesy and professionalism.

Waiting it out

If you decide to wait, you are joining the thousands of other homeowners who have also decided to wait. When a few decide it’s time to take the plunge, you are already too late. If you need/want to sell now, then sell now. There will never be a better time.

Continue reading “Dump this house! How to sell your home fast


Having to sell your house is never fun. But then add on top of that having to sell it fast can even add more stress. If you want to be rid of a house quickly, follow the simple steps outlined above and you should have your house sold in no time.

Recommended Reading To Learn More:

10 Tips to Sell Your Home Fast

6 Tips to Sell a House Fast in Any Market

How To Sell Your House Fast

We have not received any compensation for writing this post. We have no material connection to the brands, products, or services that we have mentioned.