Berkshire Broadcast

It’s no secret that most of the country is experiencing a strong seller’s market. With more homebuyers than inventory, most sellers have been delighted to sell quickly and often with multiple offers. Yet, some homes are still sitting on the market and these sellers may be wondering why.

Here are 7 reasons why your home listing is not selling:

1. Overconfidence – While many homes are being snapped up on day one, this does not mean you can avoid the basics of good marketing, professional photos, and open houses.

2. Overpriced – In a seller’s market, home prices do advance, but a dramatically overpriced home will still sit unnoticed.

3. Appearance – With low inventory, homebuyers will compromise on some issues, but properties in need of major

41 Views, 0 Comments

Real estate prices across the country have increased dramatically in the past year. With increases in the 10-12% range, many potential homebuyers have given up and decided that homes are just too expensive to consider. While homes have become more expensive, it does not mean they are unaffordable.

Would you believe that we are experiencing a historically favorable market for buyers when it comes to affordability? Why? This is because affordability involves more than just the purchase price of the home. When considering whether you can afford a home, you must include wage growth and interest rates.

Interest rates are among the lowest we’ve seen in decades. In addition, wages are increasing at a staggering 7% rate year-over-year. For example, a

51 Views, 0 Comments

Current trends in real estate include a mix of positive and negative developments. The market has been heavily affected by the Covid-19 pandemic that has created a new housing environment which is expected to alter the way we approach real estate for the next few years, and maybe beyond.

Here are the 10 key emerging real estate trends:

1. Increased Homeownership – Homeownership rates have increased in 2020 and are expected to rise by 5% by the end of 2021.

2. Lower Interest Rates – Lower consumer spending during stay-at-home orders have resulted in lower interest rates, helping affordability ratios.

3. Steep Increase in Housing Prices – Real estate has entered a seller’s market that may increase inventory, slowing the pace.

4.

346 Views, 0 Comments

Hey all you current and future Austinites! Hitting a wall when trying to find a place? Is every place you've looked is either too far or way out of your price range? Let me help you! I have been working for several years to build valuable relationships in and around the Austin area. I know where all the hot deals and move in specials are, as well as an extensive knowledge of the land due to me being a true Austinite. What are you all waiting for? Give me a shout!!

110 Views, 0 Comments

There’s one phrase which strikes fear into the heart of a potential homebuyer – “seller’s market.” A seller’s market is created when there are more homebuyers than inventory from which to choose. The anxiety this causes many potential buyers causes them to write offers on anything and everything, just to hedge their bets on having one accepted.

But it’s important to slow down and consider the purchase carefully. Is the home truly the right fit? If the pace wasn’t so frantic and the pressure to decide so strong, would you normally buy a home that backs to a busy road? Would you consider a property with power lines blocking the view or seek a property in need of serious repairs?

It may feel like the sellers are holding all the cards in this crazy

81 Views, 0 Comments

The pandemic has had one unexpected result, a huge increase in home projects. From complete remodels to deferred maintenance projects, and everything in between, homeowners have taken advantage of their time at home by improving their property. Unfortunately, not all projects went as planned. Many homeowners bit off more than they could chew and became DIY failures.

During the last decade, the plethora of TV programs and DIY magazines have encouraged unskilled homeowners to attempt home improvements on their own. It looks easy enough to sledgehammer a wall or repave a backyard, but the truth is that few people have the aptitude to learn these skills over a long weekend. Add to this the shortage of contractor availability and in some cases, it was a

106 Views, 0 Comments

Retirement is a time of freedom; it’s something people look forward to most of their lives. As you prepare for retirement, it’s natural to consider ways to reduce your housing costs. Fortunately, there are some great ways to enhance your lifestyle while reducing costs.

6 Ways to Save Housing Costs in Retirement

1. Downsize – The most common way to reduce costs is to downsize. Many older Americans find they can greatly reduce or eliminate monthly payments while reducing upkeep.

2. Home Sharing – If you are single, consider finding a housemate.

3. Retirement Communities – 55+ communities offer a lower-cost, low maintenance lifestyle.

4. Retire in Phases – Plan for the stages of retirement, including possible assisted living. Buying into

311 Views, 0 Comments

For many of us, mom’s ‘use-it-up, make-it-last, wear-it-out’ mantra was our introduction to thriftiness—a traditional value that has largely been kicked to the curb due to a more materialistic lifestyle.

But the truth is, most of our common throwaway items have not yet reached their full potential. Here are a few smart re-uses that will help keep junk out of landfills and make our life a little easier:

Banana peel as silver polish. Run the peel through the blender with enough water to make a paste. This makes a great silver polish when applied with a washcloth and rinsed off with water.

Citrus peels as freshener. Burnt smell in the oven? Freshen the air by baking a few orange peels for a few minutes at 350 degrees. Or throw a few peels in a

93 Views, 0 Comments

Buying or selling a home can be stressful, even in normal times. Right now, when the housing market is moving at a frenetic pace, both buyers and sellers are making quick decisions and are feeling extreme pressure. As the tension rises, it can be easy to overlook the end goal; right-sized home, relocation, dream home, etc. Try not to lose focus!

Buyer Challenges

Facing a very tight inventory of available properties, buyers have limited time to arrange to tour homes and knowing they must make a quick decision once they have. Buyers do not have the luxury of a second look or hesitation and often are competing against multiple offers, adding to the pressure.

Seller Challenges

Sellers are also feeling the challenge of the frantic pace. While

115 Views, 0 Comments

We are spending more time at home than ever before. This impacts how we view and use our homes. If your home no longer fits your needs in this new environment, you may be considering a right-size move. The open floorplans and great room layouts that have been so popular over the past few years may not allow for the various workspaces your family needs now. Separate and private areas for work and school needs may require more rooms or nooks, causing you to wonder if a larger home makes sense.

The fact is, before you buy a larger home, consider your long-term needs. Will the kids be returning to the classroom? Will you need extra rooms in the future? Most people need to stay in a home for 5-7 years to recoup the cost of moving, planning for this time

81 Views, 0 Comments