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The Right Expert Will Guide You Through This Unprecedented Market

The Right Expert Will Guide
You Through This Unprecedented Market | MyKCM

In a normal market, it's good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you're ready to buy. However, the market we're in today...

Home Price Appreciation Is as Simple as Supply and Demand

Home Price Appreciation Is as
Simple as Supply and Demand | MyKCM

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows.

Let's use three maps to show how this theory continues to affect...

Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in
on Your Second Home | MyKCM

When stay-at-home mandates were enforced last year, many households realized their homes didn't really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.

Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase...

Dreaming of a Bigger Home? Why Not Buy It This Year?

Dreaming of a Bigger Home?
Why Not Buy It This Year? | MyKCM

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it's time to make a move. If you'll be able to work remotely for the long-term or your overall needs have simply changed, it's a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today's market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market.

With so ...

Why Waiting to Buy a Home Could Cost You a Small Fortune

Why Waiting to Buy a Home
Could Cost You a Small Fortune | MyKCM

Many people are sitting on the fence trying to decide if now's the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

To determine if they should buy now or wait another year, they both need to ask two simple questions:

  1. Do I think home values will be higher a year from now?
  2. Do I...

Why This Is a Great Year to Sell Your Vacation Home

Why This Is a Great Year to
Sell Your Vacation Home | MyKCM

As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports:

Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment...

What Credit Score Do You Need for a Mortgage?

What Credit Score Do You Need
for a Mortgage? | MyKCM

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge...

Will the Housing Market Bloom This Spring?

Will the Housing Market Bloom
This Spring? | MyKCM

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it's certain to be very different from the spring we experienced at this time last year. Here's what a few industry experts have to say about the housing market and how it will bloom this season.

Danielle Hale, Chief Economist, realtor.com:

Despite early weakness, we expect to see new listings grow in March and April as they traditionally...

Best Time to Sell in 2021 (Hint: The Early Bird Gets the Worm)

pandemic real estate sellA number of clients have approached me recently, indicating that they are THINKING about selling their Bay Area Home, however "they are just waiting to see how things play out with the pandemic".

The question that almost always follows is around my opinion of WHEN the best time to sell their home will be in 2021.  Since it's a popular question, I wanted to share my response and professional opinion as a top listing agent in the San Francisco Bay Area with anyone considering the sale of their home in 2021.

Not so Fast -- We Are In a Pandemic!

Like you, many homeowners seem to be in a ‘holding pattern’ because of the pandemic. My...

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