KM Realty Group LLC Chicago

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out. There are several key reasons why there aren’t enough homes to go around and understanding them will help you see why the market is working in your favor if you’re ready to make a move. What’s Causing the Shortage? 1. Underproduction of Homes : For years, the industry hasn’t built enough homes to keep up with demand. As Zillow explains: “In 2022, 1.4 million homes were built — at the time, the best year for home construction since the early stages of the Great Recession. However, the number of U.S. families increased by 1.8 million that year, meaning the country did not even build enough to make a place for the new families, let alone begin chipping away at the deficit that has hampered housing affordability for more than a decade.” 2. Rising Cost...

Some Highlights There are a number of scary myths about homebuying in today’s market. Here’s what you need to know. Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a down payment. Don’t let scary myths delay your homebuying plans. Let’s connect with real estate agents from KM Realty Group LLC so you have a pro to help you separate the facts from your fears!

Some Highlights You may be torn between  buying a home  now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise. Experts forecast prices will climb over the next 5 years — and based on those forecasts, you could gain about $90k in  equity  in that time. So, you could wait, but you’ll miss out on a lot of equity if you do. If you’re ready and able to buy, let’s connect with  real estate agents  from KM Realty Group LLC so you can start growing your wealth now.

D id you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too. According to the latest data from Redfin , the typical down payment for U.S. homebuyers is $67,500—that’s nearly 15% more than last year, and the highest on record ( see graph below ): Here’s why equity makes this possible. Over the past five years, home prices have increased significantly, which has led to a big boost in equity for current homeowners like you. When you sell your house and move, you can take the equity that gives you and apply it toward a larger down payment on your new home. That’s a major opportunity, especially if you’ve had concerns about affordability. Now, it’s important to remember you don’t have to make a big down payment to buy your next home —there are loan progr...

Some Highlights Based on a recent study, in 22 of the top 50 metros, the monthly  mortgage payment  is lower than the rent payment. Make sure you work with a pro who can help you crunch the numbers and see how your city stacks up. This may be your opportunity to forget renting for good. If you want to see which option makes the most sense in our area, let’s with  real estate agents  from KM Realty Group LLC do the math together.

Some Highlights Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it’s improving quickly as  rates  come down,  prices  level off, and  wages  climb. If you put your search on pause because it was too expensive to buy, let’s talk with  real estate agents  from KM Realty Group LLC about why now may be the perfect time to jump back in.

Highlights Quick Tips to Sell Fast Boost Curb Appeal Price It Right Stage It for Success Market Smartly Selling a house can sometimes feel like an uphill battle, but it doesn’t have to be. With the right strategies, you can attract more buyers and close deals faster. Here are some expert tips to help you sell your home quickly and efficiently. 1. Start With Curb Appeal First impressions matter! The exterior is the first thing potential buyers see, so ensure your home looks inviting from the outside. This means tidying up the yard, painting the front door, and adding some flowers or shrubs to make your home stand out. 2. Set the Right Price Pricing your home correctly from the beginning is crucial. Overpricing can scare away potential buyers, while underpricing might make them suspicious. Conduct thorough research or consult a real estate expert to set a competitive price that reflects the current market trends. 3. Stage to Impress Home staging highlights the best features...