What can sellers do in a slower market?

Mark Phillips Real Estate Leave a Comment

If you are a home owner currently, you probably know the real estate market has slowed down. With rising interest rates, this was inevitable. It is basic economics…when borrowing money is cheap, more people will be buying stuff, including real estate. When borrowing money costs more, this greatly affects how much people can afford, whether that be a house, a …

Five Victorian Homes for sale under 400k

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Fortunately, there are numerous styles of home styles to appreciate. Can you imagine if there was only one style of home to live in? That would be crazy and also a little depressing. There are so many unique and creative designs to chose from and some may depend on what part of the country you live in, as some builders …

Home sales continue on a downward path

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Existing home sales have fallen for 11 months in a row, per a recent report published by Realtor.com. This is not a huge surprise due to the market slowing down from the covid-19 rush we experienced, along with interest rates increasing over the last 6 months. When rates increase, often times the housing market will experience a slow-down due to …

Senior Care Resources in Texas

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As the population in Texas increases, so does our senior citizen population. Many seniors are perfectly capable of living on their own with little to no assistance, but this is not always the case. As we age, often times we need some help with our day to day activities. At times, it may not make sense any longer for an …

Oklahoma house with race track hits the market!

Mark Phillips Real Estate , Unique real estate Leave a Comment

One the things I truly enjoy about real estate in general is the diversity and uniqueness of certain properties that hit the market from time to time. Don’t get me wrong; I still enjoy marketing neighborhood properties for sale, but it is fun to get a listing that isn’t your run-of-the-mill property to list. Sometimes unique properties can be a …

An easy way to save money on your energy bill!

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I recently came across an article on Realtor.com (the link is provided towards the end of this blogpost that caught my eye pretty quickly. With rising inflation, high gas prices prices, increasing costs of goods and services, who wouldn’t be interested in saving some money each month, especially if it is pretty simple to do. Case in point, admittedly I …

Housing Market Starting to Cool Off!

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I think we all knew it was coming…a cooling off period in the housing market. It had to at some point, right? Prices were increasing at rates never seen before, interest rates were so low, buyers were plentiful and sellers pushed asking prices to an unsustainable point. Well, as expected, prices are starting to fall as the pool of buyers …

The Covid Frenzy Market is Over! Pricing is the Key!

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I think it’s probably a universally accepted opinion that the real estate market surged to places most of us never dreamed of during the covid pandemic. Prices were skyrocketing at a pace that was clearly not sustainable, buyers were being out-bid on almost every listing, sales prices were almost always above asking price and most listings received multiple offers with …

When to Hire a Property Manager

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So you have bought your first rental property and fulfilled a life-long goal of doing so. Congratulations! Many people who own rental homes often times will manage them by themselves. People who live nearby their rental home(s) may not feel they necessarily need to hire a property manager to oversee their rentals if they live nearby specially if they are …

Home sales are down…again

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As most of us know, the real estate market as been rather crazy these past few years. No doubt, Covid turn things upside down and created a frenzy of sales, buyers, multi-offers, cash buyers, etc. to the tun we had really not seen before. Now with interest rates steadily increasing along with a lower inventory of homes to buy, home …