Marcella Simmons at Village Properties

Sellers Are Ready To Enter the Housing Market One of the biggest questions in real estate today is, When will sellers return to the housing market? An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight. The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the p...ercentage of consumer respondents who say it’s a good time to sell a home increased from 61% to 67%. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, indicates, Consumer positivity regarding home-selling conditions nearly matched its all-time high. Fannie Mae isn’t the only expert group noticing a rise in the percentage of people thinking about selling. George Ratiu, Senior Economist at realtor.com, shares, The results of a... #lovewhereyoulive

Don’t Forget to Budget for Closing Costs When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. According to Trulia, When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insura...nce, origination fees, underwriting fees, document preparation fees, and more. For example, for someone buying a $300,000 home, they could potentially have between $6,000 and $15,000 in closing fees. If you’re in the market for a home above this price range, your closing costs could be greater. As mentioned, closing costs are typically between 2% and 5% of your purchase price. Trulia gives more great advice, explaining, There will be lots of paperwork... #lovewhereyoulive

When It Comes To Selling a House, Your Time Is Money [INFOGRAPHIC] Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations. If you’re ready to sell while the market is in your favor, DM me to make sure you have the professional expertise you need every step of the way. #lovewhereyoulive

Want to learn about Santa Barbara's architectural history? Join the Pearl Chase Society for a virtual Historic Homes Tour this Saturday, which will focus on two Plaza Rubio homes. Pearl Chase is one of the icons of Santa Barbara history; upon her husbands death in the early 1900's she devoted her life to preserving Santa Barbaras historic buildings and protecting them from unsightly development. Go to the Society's website to buy entry to the tour and find out how you can help. #HistoricHomesTour https://www.pearlchasesociety.org/2021-historic-homes-tour