The #1 Reason to List Your House in the Winter

Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.

So, what’s the #1 reason to list your house in the winter? Less competition.

Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the National Association of Realtors.

As you can see, the ‘sweet spot’ to list your house for the most exposure naturally occurs in the late fall and winter months (November – January). 

Temperatures aren’t the only thing…

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Thinking of Selling Your Home? The Waiting Is The Hardest Part.

Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home.

We can see the overall economy is good: wages are rising, there are near record-low unemployment rates, and mortgage interest rates are still very low too. Over the past 10+ years the housing market has stabilized, so what (if anything) is the biggest challenge in the housing market today?

The answer is simple: it’s…

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#108 Monday Morning Mortgage Tip: Justin Froiland with Fairway Mortgage

Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Justin Froiland from Fairway Mortgage. Listen as Justin describes a unique loan most home buyers are not aware of. You can reach Justin at 605.695.1429 or justin.froiland@fairwaymc.com.  His office is located at 412 5th St., Brookings SD 57006 or on the web at www.BrookingsMortgage.com 

 Conventional Homestyle Renovation Loan

- Good morning everybody, Shane here from the Brookings Home Team powered by Century 21. We're getting back in the saddle again after this Thanksgiving weekend. I hope everybody…

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Existing-Home Sales Report Indicates Now Is a Great Time to Sell

The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, now is a great time to sell your house.

THE EXISTING-HOME SALES REPORT

The most important data revealed in this report was not actually sales. In reality, it was the inventory of homes for sale (supply). The report explained:

• Total housing inventory at the end of August decreased 2.6% to 1.86 million homes available for sale.

• Unsold inventory is lower than the 4.3-month…

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Be on the Lookout for Gen Z: The Next Generation of Homebuyers

You’ve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think.

According to realtor.com, “Nearly 80 percent of Generation Z members say they want to own a home before age 30,” and Concentrix Analytics said, “52% of prospective Gen Z buyers are already saving to buy a home.”

Wikipedia defines Generation Z (Gen Z) as “the demographic cohort after the Millennials. Demographers and researchers typically use the mid-1990s to mid-2000s as starting birth years.”

The report from Concentrix goes a little deeper on Gen Z, identifying the main reasons this cohort wants to own homes:

• 55% want…

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3 Reasons to Use a Real Estate Pro in a Complex Digital World

If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be your only go-to resource when it comes to making such an important decision.

According to the National Association of Realtors (NAR), the three most popular information sources home buyers use in the home search are:

• Online website (93%)

• Real estate agent (86%)

• Mobile/tablet website or app (73%)

Clearly, you’re not alone if you’re starting your search online; 93% of home buyers are right there with you. The even…

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#107 Monday Morning Mortgage Tip: Barb Adelaine with BankStar

Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Barb Adelaine from BankStar. Today, in light of Thanksgiving, Barb gave her list of reasons that home buyers should be thankful for shopping in the Brookings Area.  You can reach Barb at 605.696.8562 or barb.adelaine@bankstar.com.  Her office is located at 1301 6th St., Brookings SD 57006 or on the web at www.ebankstar.com 

Reasons to be Thankful: Home Shopping in the Brookings Area

- Good morning everybody, Shane here from the Brookings Home Team. Powered by Century 21, and of course, it's Monday morning…

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OPEN HOUSE in Brookings-Saturday, November 23rd from 10-11:30am

1031 Orchard Dr, Brookings, SD

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$ Click for current price
5 BEDROOMS | 2289 SqFt

MOVE THAT BUS! What you see is a home with a Makeover, to include Siding, Windows, Carpet, Laminate Flooring, and a Kitchen update with cabinets, sink & appliances (with warranties till 1/2021) all in 2015. The exterior took on New landscaping with rock & edgers in 2017. In 2018 it received a 28x20 concrete patio, and most recently new steps to the sunroom addition. The lower level just received new carpet , only because of a sump pump failure, so the next owner gets a brand new dual sump…

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Open House 1823 Oriole Trl-Brookings

1823 Oriole Trl, Brookings, SD

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$ Click for current price
5 BEDROOMS | 4 Baths (3 full, 1 half ) BATHROOMS | 3555 SqFt

ONE OF A KIND! This stunning home has all your amenities and room for more. Walk into the tiled grand entry and see the beautiful stairway to the 2nd floor. The main level includes a chef like kitchen with Corian counter tops and cabinets forever. Get toasty by the Gas fireplace in the open Living Room. Or maybe read a book with your morning coffee in the Formal sitting room. The 2nd Story has 5 bedrooms including the Master Suite with new carpet and…

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#106 Monday Morning Mortgage Tip: Emmy Lebert with Dakotaland FCU

Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase. 

This morning I sat down with Emmy Lebert from Dakotaland FCU. Today, we talked about what income you can use to qualify for different housing programs.  You can reach Emmy at 605.697.5922 or emmyl@dakotalandfcu.com  Her office is located at 2423 6th St., Brookings SD 57006 or on the web at www.DakotalandFCU.com

 What Is Qualifying Income?

- Good morning, everybody. How you doing? Shane here from the Brookings Home Team, powered by Century 21. 8:15 Monday morning on the dot, and I got Emmy here from Dakotaland. She's gonna be…

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