Real Estate Blog - Seller

A New Way to Shop for Homes in a Virtual World

In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live.

This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – turned to the Internet to do more than just a typical home search. In some cases, they bought homes without even stepping foot inside. Jessica Lautz, Vice President of Demographics and Behavioral Insights at the National Association of Realtors (NAR), says:

“People really didn’t buy houses sight-unseen, traditionally. It’s still not a huge number, but it has gone up, and we have definitely seen that…

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Homes for Sale are Rapidly Disappearing

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained:

“While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is sending buyers to the market in a flurry.”

However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently said:

"There is no shortage of hopeful, potential buyers, but inventory is historically low.”

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For Sale In Iroquois SD

421 S Quapaw St, Iroquois, SD

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Brookings Home Team

Broker Associate
Century 21 Krogman & Co.
605-691-3023
Licensed In: South Dakota
License #: 14427

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$ Click for current price
4 BEDROOMS | 1 full, 1 half, 1 ¾ baths BATHROOMS | 2631 SqFt

A perfect place to call home with this 4 bedroom ranch style home. It features main level laundry, 3 bedrooms on the main level with a master bath and…

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Lake Preston Home For Sale

606 3rd St NE, Lake Preston, SD

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• Description
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Presented By:

Brookings Home Team

Broker Associate
Century 21 Krogman & Co.
605-691-3023
Licensed In: South Dakota
License #: 14427

• Schedule a Showing/Request Info

$ Click for current price
4 BEDROOMS | 2 full baths BATHROOMS | 2128 SqFt

Looking for the convenience of the city, but want 4.5 acres to enjoy? This property is for YOU! It features 4 bedrooms, 2 bathrooms, office/den and main level laundry…

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204 Peterson Ave-Aurora

204 Peterson Ave, Aurora, SD

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5 BEDROOMS | 1 full, 1 ¾ baths BATHROOMS | 2316 SqFt

Just like new. This 5 bedroom, 2 bath home has had major improvements in the last few years. Check out this split foyer home with laundry on the foyer level and a door to the spacious backyard. Large double (24 x 26) garage with access door to the backyard. Beautiful hardwood floors in the living room, kitchen and dining area along with 6 panel doors on the ML add a nice touch to this home. The lower level has been completely remodeled and a 5th bedroom added. Check out the list of…

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Two Important Impacts of Home Equity

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight just reported:

“The annual percent change in the overall median existing single-family-home price has skyrocketed in the past several months, with recent numbers at three to five times higher than rates seen in the past several years.”

Jeff Tucker, Senior Economist at Zillow, just qualified recent price increases as “jaw-dropping” and “within a hair's breadth of double-digit…

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For Sale in Iroquois South Dakota

421 S Quapaw St, Iroquois, SD

• Property Video
• Virtual Walking Tour
• Description
• Photos
• Maps & Local
• Schools
• More

$ Click for current price
4 BEDROOMS | 1 full, 1 half, 1 ¾ baths BATHROOMS | 2631 SqFt

A perfect place to call home with this 4 bedroom ranch style home. It features main level laundry, 3 bedrooms on the main level with a master bath and walk-in closet. The dining room has French doors to a two-tiered deck and very spacious yard. The basement has lots of space for family gatherings in the family room and rec room. Property has a 56 x 46 storage building that is fully insulated, heated, has a floor drain, 3/4 bathroom, storage and a separate wood shop. There are…

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6 Reasons You'll Win by Selling with a Real Estate Agent This Fall

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO), it’s critical to consider the following:

1. Your Safety Is a Priority

Your family’s safety should always come first, and that’s more crucial than ever given the current health situation in our country. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not only your belongings but your family’s health…

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Home Equity Gives Sellers Options in Today's Market

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

According to the just-released Q2 Homeowner Equity Insights Report by CoreLogic:

“U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019, an increase of 6.6%, year over year.” 

Dr. Frank Nothaft, Chief…

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The Cost of a Home Is Far More Important than the Price

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:

“Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”

Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases. That’s exactly what’s happening in the real estate market right now. CoreLogic’s latest Home Price Index reports that values have increased by 5.5% over the last year.

This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, this may instead seem like…

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