Sara Mehrpouyan Real Estate

Even in today’s red-hot sellers’ market, it’s important to price your house right. While it may be tempting to price your house on the high side to capitalize on this trend, doing so could limit your house’s potential. Here’s the thing a high price tag doesn’t mean you’re going to cash in big on the sale. While you may be trying to maximize your return, the tradeoff may be steep. A high list price is more likely to deter buyers, sit on the market longer, or require a price ...drop that can raise questions among prospective buyers. Instead, focus on setting a price that’s fair. Real estate professionals know the value of your home. By pricing your house based on its current condition and similar homes that have recently sold in your area, your agent can help you set a price that’s realistic and obtainable and that’s good news for you and for buyers. When you price your house right... #Sellyourhouse #moveuphome #dreamhome #realestate

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Home prices have increased significantly over the last year, which has in turn grown the net worth of homeowners. Appreciation and home equity are directly linked as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels. In more good news for homeowners, the most recent Home Price Expectations Survey a survey of a national panel of over one hundred ...economists, real estate experts, and investment and market strategists forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Home prices are climbing today, and the data in the survey indicates they’ll continue to increase, but at rates which approach a more normal pace. Even still, the amount of household... #realestate #homeownership #homebuying #realestategoals

If you’re having a hard time finding a home to buy, it may be time for us to talk about a newly built home. Early indicators show new-home construction is beginning to ramp up. While new homes alone won’t be able to fix all of the inventory challenges, this does mean you’ll soon have more options as you search for a home. As a buyer, a newly built home may be exactly what you’re looking for it’s brand new, and with builder customization options, it’s uniquely yours from the... ground up. Housing starts reached their highest level since 2006 in March of this year an encouraging sign for the industry. While they dipped slightly in April, Evangelou reiterates that the level of housing construction is heading in a positive direction compared to recent years, we are currently building 24% more homes than we typically have built in April in the last couple of decades. Thus, housing... #realestate #homeownership #homebuying #realestategoals

Wishing you a happy and safe Independence Day. #fourthofjuly #julyfourth #independenceday #independence

The Joint Center for Housing Studies: conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates. Nathaniel Karp, Chief U.S. Economist at BBVA: The housing market is in line with fundamentals as interest rates are attractive and incomes are high due to fiscal stimulus, making debt servicing relative...ly affordable and allowing buyers to qualify for larger mortgages. Underwriting standards are still strong, so there is little risk of a bubble developing. Bill McBride of Calculated Risk: It’s not clear at all to me that things are going to slow down significantly in the near future. In 2005, I had a strong sense that the hot market would turn and that, when it turned, things would get very ugly. Today, I don’t... #realestate #homeownership #homebuying #realestategoals

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Local knowledge, market knowledge, real estate knowledge... that's what a great agent needs to know. https://sararealtorpro.com/real-estat/sherman-oaks-realtor/ For #shermanoaksrealestate and #woodlandhillsrealestate Contact me anytime!

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low Many experts are projecting a rise in interest rates. However, even as mortgage rates rise, the anticipated inc...rease is expected to be modest at most, and still well below historic averages. Rates remaining low is good news for homebuyers who are looking to maximize their purchasing power. Home Price Appreciation Will Continue, but Price Growth Will Likely Slow Experts remain optimistic about home prices, too. Joe Seydl, Senior Markets Economist at J.P. Morgan, shares, Homebuyersinterest rates are still historically low, though... #realestate #homeownership #homebuying #realestategoals

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: The frequency of buyers being willing to pay more than the market data supports is increasing. While this is great news for today’s sellers, it can be tricky to navigate ...if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s happening more in today’s market than the norm. According to recent data from CoreLogic, 19% of homes had their appraised value come in below the contract price in April of this year. That’s more than double the percentage in each of the two previous Aprils. If an appraisal comes in below the contract price... #expertanswers #stayinformed #staycurrent

Today’s sellers’ market provides unique challengesand benefitsfor buyers. Current low interest rates won’t last forever, and home prices are forecast to rise. If you’re a homebuyer, hang in there. Homeownership improves your quality of life, and the long-term benefits outweigh the short-term challenges. #firsttimehomebuyer #opportunity #housingmarket

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