Real Estate by Lida Avedissian

In today's crazy market, home price appreciation is driving equity higher throughout the entire country. If you find that you're outgrowing your current home or you're expanding your family and need a larger space, your current home's equity can be a great asset to supplement your next move. Taking a look at the second slide, you can see the average increase in home equity for 2020 throughout the nation. Last year, we saw an average increase of $26,000. RIGHT NOW is a great time to use your available equity and put it towards a down payment for your next home. If you're interested in finding a house for you and your family, do not hesitate to reach out to me and we can get the process started ASAP!

JUST SOLD | OFF MARKET Congratulations to my Sellers!!! This is my 5th transaction with the same client! Thank you for their trust and loyalty! Congrats to the buyer as well! Thank you to our TC @talinx and the buyer’s agent @HermineTemourian for her professionalism to close this transaction smoothly! ... If you are in the market for a new home or are thinking about selling your current home, please don’t hesitate to give me a call @ 818-448-2388!

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer. Being intentional and competitive are musts when buying a home right now. Pre-approval from a lender is the only way to k...now your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre-approval letter shows sellers you’re a qualified buyer, something that can really help you land your dream home in an ultra-competitive market. With limited housing inventory, there are many more buyers active in the market than there are sellers, and that’s creating some serious competition. According to the National Association of Realtors (NAR), homes are receiving an average of 5.1 offers for sellers to consider. As a result, bidding wars are more and more common. Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will. When a seller knows you’re qualified to buy the home, you’re in a better position to potentially win the bidding war. Every step you can take to gain an advantage as a buyer is crucial when today’s market is constantly changing. Interest rates are low, prices are going up, and lending institutions are regularly updating their standards. You’re going to need guidance to navigate these waters, so it’s important to have a team of professionals such as a loan officer and a trusted real estate agent making sure you take the right steps and can show your qualifications as a buyer when you find a home to purchase. In a competitive market with low inventory, a pre-approval letter is a game-changing piece of the homebuying process. Not only does being pre-approved bring clarity to your homebuying budget, but it shows sellers how serious you are about purchasing a home.

Don’t Wait To Sell Your House! We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer. Demand is strong, and buyers are actively search...ing for homes to purchase. In the Realtors Confidence Index Survey published monthly by the National Association of Realtors (NAR), buyer traffic is considered very strong in almost every state. Homebuyers aren’t just great in number right now they’re also determined to find their dream home. NAR shows the average home for sale today receives five offers from hopeful buyers. These increasingly frequent bidding wars can drive up the price of your house, which is why high demand from competitive homebuyers is such a win for this summer’s sellers. If you’re thinking of putting your house on the market, don’t wait. A seller will always negotiate the best deal when demand is high and supply is low. That’s exactly what’s happening in the real estate market today. As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to make a move, now is the time to sell. Let’s connect today to get your house listed at this optimal moment in time.

Happy Father’s Day from the Coldwell Banker Hallmark family to your!