Bobby Massey

What Buyers and Sellers Need To Know About the Appraisal Gap Why does an appraisal gap happen? Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams. If you’ve ever toured a house you’ve fallen in love with, you understand. Once you start to picture yourself and your furniture in the rooms, you want to do everything you can to land the property, including putting in a high offer to try to beat out other... would-be buyers. When the appraiser comes in, they look at things a bit more objectively. Their job is to assess the inherent value of the home, so they’re going to study the facts. In simple terms, while homebuyers may be willing to pay more, appraisers are there to assess the market value of the home. Their goal is to make sure the lender isn’t loaning more money... #realestate #homeownership #homebuying #realestategoals Have any questions give me at call at (918) 623-6411

The Difference in Net Worth Between Homeowners and Renters Is Widening Two major personal wealth goals homeownership and net worth work hand-in-hand. Below are just a few reasons why, if you’re looking for financial security, homeownership should be a top priority. The gap between homeowners and renters continues to widen. That’s because homeownership contributes massively to an individual’s overall net worth. Odeta Kushi, Deputy Chief Economist at First American, highlig...hts this idea. . . . between 2016 and 2019, housing wealth was the single biggest contributor to the increase in net worth across all income groups . . . . When we look even closer at the most recent data from 2019, the average homeowner’s net worth is more than 40 times greater than that of the average renter. The gap exists in large part because homeowners... #realestate #homeownership #homebuying #realestategoals Have any questions give me at call at (918) 623-6411

Your Checklist To Get Ready To Sell [INFOGRAPHIC] When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. DM me today so we can make sure it shows well and catches a buyer’s eye. #Sellyourhouse #moveuphome #dreamhome #realestate... Have any questions give me at call at (918) 623-6411

If Housing Affordability Is About the Money, Don’t Forget This. Since home prices are rising, it’s true that homes are less affordable than they have been since the housing crash fifteen years ago. Headlines making these claims aren’t incorrect; they just don’t tell the whole story. To paint the full picture, you have to look at how today stacks up with historical data. A closer analysis of affordability going further back in time reveals that homes today are more affordable ...than any time from 1975 to 2005. Despite that, the chatter about affordability is pushing some buyers to the sidelines. They don’t feel comfortable knowing someone else got a better deal a year ago. However, Are Homes Really Less Affordable if We Consider Equity? In a recent post, Odeta Kushi, Deputy Chief Economist at First American, offers a different take on the financial... #expertanswers #stayinformed #staycurrent Have any questions give me at call at (918) 623-6411

Why 2021 Is Still the Year To Sell Your House If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers. Today, the majority of consumers, 75 percent, say it’s a good time to sell a house. The higher good time to sell sentiment has to do with ...today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand. According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm. Clearly the scales are... #Sellyourhouse #moveuphome #dreamhome #realestate Have any questions give me at call at (918) 623-6411

What To Do with Your Vacation Home as Summer Ends If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. >>Remote work continues to drive demand for vacation homes.... Recent data shows we’ll likely see a sustained increase in the rate of remote work over the next five years. That means your vacation home could be highly sought after by certain buyers. Lawrence Yun, Chief Economist at NAR, puts it best, saying, "Vacation homes are a hot commodity at the moment . . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers." >>Selling could allow you to upgrade your vacation spot or even your day-to-day scenery. When demand is high, so is buyer competition. When competition... #Sellyourhouse #moveuphome #dreamhome #realestate Have any questions give me at call at (918) 623-6411