What Does the Market Look Like this November?

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Hello raving fans, we are back again with your November edition of the “Hot Off the Press” real estate market report. There’s so much we want to cover about the market today, let’s just get right to it. Here’s what you need to know about:

• Fannie Mae has just released their home purchase settlement index, and from that we can see that consumer sentiments regarding the housing industry have decreased rather dramatically. 
• Home sales still have a huge impact on our economy. Each time a home is sold, money is added to the state’s economy, and with the movers, landscapers, and other contractors you may need during a move, that’s only more money going into our economy. 
• With the economy moving forward, more and more people are looking to buy a home. This is demonstrated by the amount of foot traffic we’ve seen, which is above where it was the last few years. We predict a strong winter this year, leading to an unbelievable 2016.
• Household formations are skyrocketing. Adults are moving out of their parent’s house and people are getting married and having kids. This is triggering them to buy homes, which is allowing home sellers to move up into better homes.
• Mortgage affordability is up, and more and more people are qualifying to buy a home.
• More people are considering selling their homes this year, but haven’t put them on the market yet. 23% of homeowners are considering listing their home, while 55% of those homeowners say they would be in the market if they had the right information. That’s 10% of buyers just waiting for someone to give them the right info. We are here to do that, and to help you feel confident when buying or selling.

Don’t keep me a secret! If someone you know is looking to get accurate real estate information or wants to sell their home in 26 days, give them my contact information or invite them to my next home shark selling seminar, January 23 at the Hilton Garden Inn at Fort Washington. Visit www.homesharkseminar.com for details. Have a Happy Thanksgiving! We will talk to you soon!

8 Secret Strategies to Avoid Equity Draining Home Selling Sharks!

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (215) 576-8666 for a FREE home buying or selling consultation

The most important part of the home selling process is the marketing of your home to prospective home buyers. The problem is, it can be awfully difficult to do so in the current market. Luckily, there are 8 steps you can take to squash home selling sharks and control the equity drain when selling your home!

When selling there are a lot of sharks out there, or things that can adversely affect the process that will eat away at your equity. The key is figuring out how to fight these things that you have no control over. Each bite a shark takes is thousands of dollars, so it's crucial for you to find a way to keep money in your pocket!

To find out how to fight these sharks, head over to www.8secretstrategies.com and watch the short videos I've put together. They will help you keep money in your pocket where it belongs! Don't wait until the last minute - whether you're selling now or in three years, it's crucial for you to learn how to avoid these sharks that will drain your equity!

If you have any questions or if you need real estate assistance of any kind, don't hesitate to give me a call or shoot me a quick email! I would love to hear from you!

Are We Approaching Another Housing Bubble?

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (215) 576-8666 for a FREE home buying or selling consultation

Today, I'm here with your Tri-County market report. You may have heard the media saying that home sales are down, but that's not the case!

If you look at the existing home sales report, we can see that since January 2015, we've been on an upward climb and more and more homes are selling every month. Across the country, sales are up about 10% year-over-year in every region. I think we'll finish out with an extremely strong summer.

As we move forward, we're going to see stronger sales in every price point, except under $100,000. That's because we don't have as many short sales or foreclosures.

Were pending sales down last month? Yes. However, the preceding month, we had the highest number of pending sales that we've seen in years. Last month was still the third highest number of pending sales that we've seen in awhile.

Now, let's look at foot traffic. How many people are still out there looking at homes? This year, we've destroyed 2014's numbers. There is a lot of demand out there, and prices are rising.

This causes some people to worry about a housing bubble, but a housing bubble is not happening. Our historically low mortgages have caused confusion as well. Still, it is a much more thorough process to get a mortgage today than it was in 2007, ensuring that people who aren't eligible for mortgages won't qualify.


If you have any questions, give us a call or send us an email. We look forward to hearing from you!

Don't Let These Two Real Estate Myths Prevent You From Buying a Home

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (215) 576-8666 for a FREE home buying or selling consultation

Today I would like to dispel some myths about real estate that may or may not be keeping you from entering the market today.

You cannot afford a down payment: A lot of people believe that you need to make a large down payment in order to purchase a home. However, conventional loans and FHA loans only require a 3% down payment. Some lending options don't even require a down payment!

You cannot qualify for a mortgage: Many people believe that your credit score needs to be 780 or higher to purchase a home, but this is simply not true. The average FICO score on FHA loans is 688, and the average for conventional loans is 757. On top of this, mortgage credit availability is improving, so homes aren't as hard to purchase as most people would have you believe. Interest rates are also hovering at all-time lows, so now is a phenomenal time to purchase a home.

Buying a home is an extremely valuable investment, and when they're so affordable it's hard to think of reasons why you shouldn't be buying a home. If you have any questions about the buying process or if you're worried about anything whatsoever, please don't hesitate to contact me.


I look forward to speaking with you!

What Makes the Cardano Team Unique?

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (215) 576-8666 for a FREE home buying or selling consultation

Recently, I was interviewed on a TV show called The New Masters of Real Estate. They asked me what sets my team apart from the traditional Realtor working in one of those big franchise offices. I also discussed my Coming Soon listing system that gets buyers waiting outside our sellers' doors the first day the home goes on the market. Not only that, but these buyers are paying list price or more for our listings! 

The market in Montgomery County is on fire right now. If you're thinking about taking advantage of it, visit www.8SecretStrategies.com to learn how you can crush the competition when selling your home! Also, if you want to hear more about our story, check out the above video to learn about the unique things we do to help our clients get the best possible results! 

As always, if you need real estate assistance of any kind, don't hesitate to give us a call or shoot us a quick email. We would love to help make your real estate dreams a reality!