Les Sulgrove’s Post

💸 6 Money-saving Tips For Buying Your First Home 📝 To help you avoid spending more than you need to, we’ve put together a few tips to keep in mind as you go through the home-buying process. Here’s how to, buy your first home like an economist. 1. Go Into Your Home Search Knowing What You Want And Don’t Want For instance, how far is too far of a commute to work? How many bedrooms do you want? Does the home need a big backyard? 2. Think About Resale Value For example, if the home has been on the market for a long time, it’s possible the asking price is too high. 3. Educate Yourself On The Local Data Compare the asking price to this data to make sure it’s in line with the other local properties so you can make a fair offer and hopefully avoid a bidding war. 4. Be Smart With Your Offer Terms Be smart about the terms of your offer when possible to protect your own interests. 5. Ask For Concessions It’s possible the seller will opt to make the repairs himself, but if not, will likely give you the money if he’s serious about selling the property. 6. Don’t Be Afraid To Negotiate Stand up for yourself and negotiate for what you think is fair. Shawn Watson | RE/MAX Northwest ShawnWatson@REMAX.net | (503) 440-2039 ShawnWatson.com #Eugene #Portland #Home #Realty #OregonRealtor #realestate #houses #homebuyers #buyers #firsttimehomebuyers #firsttime #home https://bit.ly/3PpNUjr

💸 6 Money-saving Tips For Buying Your First Home 📝 To help you avoid spending more than you need to, we’ve put together a few tips to keep in mind as you go through the home-buying process. Here’s how to, buy your first home like an economist. 1. Go Into Your Home Search Knowing What You Want And Don’t Want For instance, how far is too far of a commute to work? How many bedrooms do you want? Does the home need a big backyard? 2. Think About Resale Value For example, if the home has been on the market for a long time, it’s possible the asking price is too high. 3. Educate Yourself On The Local Data Compare the asking price to this data to make sure it’s in line with the other local properties so you can make a fair offer and hopefully avoid a bidding war. 4. Be Smart With Your Offer Terms Be smart about the terms of your offer when possible to protect your own interests. 5. Ask For Concessions It’s possible the seller will opt to make the repairs himself, but if not, will likely give you the money if he’s serious about selling the property. 6. Don’t Be Afraid To Negotiate Stand up for yourself and negotiate for what you think is fair. Scott Jenvey CLHMS™, SRES®, CIPS Sotheby’s International Realty Canada 250.808.6240 | scott@scottjenvey.com scottjenvey.com #sothebysinternationalrealty #okanaganrealtor #okanaganrealestate #luxuryhomes #luxuryrealestate #okanaganliving #realestate #realestateagent #sothebysrealty #kelownahomes #lakelife #lakefronthomes #houses #homebuyers #buyers #firsttimehomebuyers #firsttime #home https://bit.ly/3Yn5IPo

Here is the Q2 summary from Windermere’s Chief Economist.

💸 6 Money-saving Tips For Buying Your First Home 📝 To help you avoid spending more than you need to, we’ve put together a few tips to keep in mind as you go through the home-buying process. Here’s how to, buy your first home like an economist. 1. Go Into Your Home Search Knowing What You Want And Don’t Want For instance, how far is too far of a commute to work? How many bedrooms do you want? Does the home need a big backyard? 2. Think About Resale Value For example, if the home has been on the market for a long time, it’s possible the asking price is too high. 3. Educate Yourself On The Local Data Compare the asking price to this data to make sure it’s in line with the other local properties so you can make a fair offer and hopefully avoid a bidding war. 4. Be Smart With Your Offer Terms Be smart about the terms of your offer when possible to protect your own interests. 5. Ask For Concessions It’s possible the seller will opt to make the repairs himself, but if not, will likely give you the money if he’s serious about selling the property. 6. Don’t Be Afraid To Negotiate Stand up for yourself and negotiate for what you think is fair. Angela Kay | Interlink Realty info@angelakay.ca | (604) 644-0325 www.angelakay.ca Helping you make the right move #homes #property #home #VancouverRealEstate #VancouverCondos #realestate #houses #homebuyers #buyers #firsttimehomebuyers #firsttime https://bit.ly/48MLJ0q

While our economists are not fortune tellers, they do have CoreLogic property data at their fingertips which gives them unique insight into what 2024 may hold for the U.S. economy and housing market. To find out what CoreLogic Chief Economist Selma Hepp, PhD anticipates may happen in the new year, tune into part two of the Core Conversations season finale: https://clgx.co/47PuXO7 Also, if there are any topic you would like to hear about, let us know in the comments!

Where are rates going? Is a recession coming? Find out all the trending questions in 60 seconds! #realtors #finance #economy

Some recent economic data on housing from my friend, economist Alfie Meek, from his weekly blog: “Existing Home Sales Sales of existing homes in January came in much lower than expected at 3.1% over December. (Experts were expecting 4.9% growth.) On a year-over-year basis, existing home sales were down 1.7% from January 2023. That represents 4M homes on an annual rate. With the average 30-year mortgage rate above 7.2% this week, housing sales may not continue this upward trend in February. Even so, the median sales price of an existing home finally broke through the $400K level at $400,511 in January (on a seasonally adjusted basis). Institutional investors continue to be a major buyer of homes as first-time home buyers continue to gradually get priced out of the market. All-cash sales represented 32% of January transactions, up from the December rate of 29%. First-time home buyers represented only 28% of sales, down from 31% a year ago.” There’s a ton of other great thoughts and economic opinions from Alfie each week. If you have any interest in what’s driving our economy, this is a great way to keep yourself updated. You can subscribe to Alfie’s weekly email here: https://lnkd.in/e7G_V4Ta

Five things to watch for in the Canadian business world in the coming week: https://lnkd.in/gRxzUbxZ #economy #canadianeconomy #trends #statistics #economicdata

Feeling like you're stuck in the backseat asking, 'Are we there yet?' You're not alone! In our latest article, we compare today's market patience to a long car ride with the Fed at the wheel. Discover why we might have to wait a bit longer for those lower interest rates. Read more and join the conversation about our economic journey! #Economy #InterestRates #MarketInsights #jblumwealthmanagement

Ready to buy or move but uncertain of the timing? This is for you. A recap of current economic conditions and future insights that may surprise you. https://lnkd.in/gC3gGbEv