Real Estate Blog - Dream Home

Why Now is the Perfect Time to Upgrade to a Bigger Home in Brookings, SD

Posted by Shane Andersen on October 22nd, 2024

Have you been dreaming about upgrading to a bigger or nicer home in Brookings, South Dakota, or the surrounding area? If so, you’re definitely not alone. A recent survey by Inman highlights that many homebuyers are on the hunt for more space or better features in their next home. Whether it’s an extra bedroom, a larger kitchen, or simply a home in a more desirable neighborhood, moving up is top of mind for many homeowners today.

But maybe you’ve been holding off because of concerns about market conditions or affordability. It’s understandable—planning a move that could raise your housing costs requires careful timing. Here’s the good news: now could actually be the ideal time to make that upgrade. Here’s why you might want to consider taking the…

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Balancing Your Wants and Needs as a Homebuyer This Spring

Posted by Shane Andersen on April 11th, 2023

Balancing Your Wants and Needs as a Homebuyer This Spring

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: 

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more…

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Luxury Homes Are in High Demand

Posted by Shane Andersen on July 1st, 2022

As people realize their needs are changing, some are turning to luxury housing to find their dream home. Investopedia helps define what pushes a home into this category. In a recent article, they point out that a luxury home isn’t only defined by its price. Location is also an important factor. It could be a condo at a desirable city address, a spacious home on the water, or one with access to luxury activities like arts and entertainment, high-end shopping and dining, and more. The home itself will also boast some of the finest features available.

According to the Luxury Market Report from the Institute for Luxury Home Marketing, there’s been a substantial increase in how many buyers are purchasing luxury homes over the past two years. It…

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If You’re a Homeowner, You Have Incredible Leverage When You Sell Today

Posted by Shane Andersen on June 8th, 2022

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things:

• To be the winning bid on their dream home
• To buy before mortgage rates rise more
• To buy before home prices go even higher

These buyer needs give you an amazing advantage – also known as leverage – when you sell.

What Does This Mean for Sellers Today?

You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.

According to the latest Realtors Confidence…

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Did Your Dream Home Just Come on the Market?

Posted by Shane Andersen on March 31st, 2022

For the first time in a long time, the number of newly listed homes is beginning to rise. In their latest monthly release, realtor.com reveals the number of existing homes entering the market has increased for two months in a row (this comes after six months of declines). Here’s a graph showing the monthly new listings going back to January of last year. The green bars indicate the first gains since June.

However, buying demand is still outpacing housing supply.

Though the increase in homes coming to the market is great news for prospective homebuyers, the number of buyers is still outpacing the number of homes available for sale. As realtor.com explains in their latest report:

“During the final two weeks of the month, more new…

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Sellers: Don’t Wait Until Spring To Make Your Move

Posted by Shane Andersen on February 3rd, 2022

As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you may not realize is, that opportunity to get the best of both worlds is already here.

You don’t want to wait until spring to spring into action. The current market conditions make this winter an ideal time to move. Here’s why.

1. The Number of Homes on the Market Is Still Low

Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market than there are homes…

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Is It a Good Time to Sell My House?

Posted by Shane Andersen on March 26th, 2021

Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time to sell.

Doug Duncan, Vice President and Chief Economist at Fannie Mae, explains:

“Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgage rates, high home prices, and low housing inventory as their primary rationale.”

Normally, spring is the busiest season in the housing market…

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3 Ways You’ll Win When You Buy a Home This Year

Posted by Shane Andersen on March 5th, 2021

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success and happiness in a new normal way of life. Whatever your motivations are, here are three reasons why becoming a homeowner now may help you win big in the long run.

1. Buying a Home Is a Great Investment

Several recent reports indicate that real estate is still a good investment, topping other options such as gold,…

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The Luxury Market Is Attracting Buyers in 2021

Posted by Shane Andersen on March 2nd, 2021

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares:

“In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’ predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the pandemic.”

With more opportunities to work from home and a growing interest in having extra space for things like virtual school, working out, and cooking more meals,…

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Thinking about Building a New Home? Your Agent Is Critical.

Posted by Shane Andersen on February 25th, 2021

Some Highlights

• A real estate professional is an expert who can advocate on your behalf throughout the process when building a home.
• Agents help you understand key steps, like choosing upgrades and managing negotiations, while staying within your budget from start to finish.
• If building is the right option for you, let’s connect so you have a trusted real estate professional who can help you successfully navigate the path to your dream home.

Thinking of selling and/or moving to Brookings, Volga, or any surrounding areas? Got questions? I’m here to help! Visit BrookingsHomeTeam.com for more details!

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