Friday is WHY Day - Why Do People Stress?

 

Moving causes many people to stress. First of all, you're not alone. Stress is a natural physiological response to a demand. As a REALTOR®, I meet many clients (buyers and sellers) who have many reasons for moving and sometimes moving is harder than it sounds depending on what issues you are going through at the time. Everyone responds to stress differently and the causes for stress are numerous. No two buyers or sellers are in the process of moving for the same reasons. 

Why do people move?

• Marital/Relationship Status
• Job Change/Loss
• Children/Teenagers/Education/Bullying
• Nosy Neighbors
• School Districts
• Location/Changes
• Health Issues
• Death/Dying/Dealing With Loss
• Environmental Changes
• Rental Reasons
• Affordability Issues
• Physical/Emotional/Mental/Financial Reasons
  
  

Why does moving have to be so hard?

• Unexpected Disruptions
• Sorting Through Stuff Triggers Memories
• Increased Heart Rate and Blood Pressure
• Money Problems
• Not Having Boxes, Packing Tape, Bubble Wrap, Markers
• Not having Help
• Not Finding Stuff You Need When You Need It
• Physical Tensions, Stiffness in Joints, Pain in Knees & Muscles
• Moving Stuff from One Room to Another - Not Accomplishing Anything
• Landlord Puts Pressure on Renters
• Employers Put Pressure on Employees
• Spouses Put Pressures on Each Other
• Kids Put Pressures on Parents
• People Put Pressure on Themselves
• Low Inventory
• Houses Cost Too Much/Taxes Too High 
• Don't Know Where to Go
• Cost to Buy or Rent
• Transportation/Moving Trucks
• Deciding What to Donate, Throw Away, Keep
• Kids Have Their Own Needs & It Doesn't Include Moving
• School & Extracurricular Commitments
• Long, Demanding Business Meetings
• Pets (Old Pets, Puppies, Running Away Pets, Tripping over Pets, Sick Pets)
• It's Depressing To See How Much Stuff You Have
• You Need Help and There Is No Help or You Don't Want Help
• Dealing With the Unknown
• Family Members, Kids, or Neighbors Don't Want You To Move
• Realizing You May Not Get What You Want

What are some options & helpful hints?

• Make Realistic Goals
• Live Within Your Means
• Find The Right Professionals To Help You
• Make Plan A, Plan B, and Plan C - Repeat if necessary or Start Over
• Breathe Deeply
• Never Go To Bed Mad or Angry
• Honor & Acknowledge Your Losses & Responsibilities
• Eat Healthy
• Exercise
• Get Proper Sleep
• Know Your Limitations
• Recognize What You Did Before May Not Be What You Can Do Today
• Avoid Making Serious Health Issues Worse
• Have A Running Away Money Jar, Plan, or Means to Break Free Temporarily
• Plan For Best and Worst Case Scenarios - Make a Decision
• Talk to Your Financial Advisor or Lender
• Know Your Options
• Turn Off the Internet and Television and News Media
• Get Organized and Stay Organized
• Explore Delivery Services and Transportation Options
• Know Who Is Reliable And Who You Can Call
• Swallow Your Pride and Ask For Help When You Need Help
• Know Not Everyone You Thought Could Help Can and Will Help
• Have Back-Up Plans
• Focus on Your Needs & Learn to Let Go

Books You May Find Helpful

1. "The Life Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing, by Maria Kondo.
   
   
2. Mayo Clinic Books Include:
   • Guide to Stress Free Living
   • Strategies to Reduce Burnout
   • Stress Management Workbook
   • The Resilient Life Manage Stress
   • Overcoming Stress
     
     
3. Moving Checklist by Martha Stewart

Holly Hurd~ Berkshire Hathaway HomeServices Kee, Realty.... your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing marketplace a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket #hometown #hollyhurd #home

#historicnorthville #buy #buyingahome #buyrealestate #condo #homeforsale

#northvillemi #sellingyourhome #smalltown #shop #bhhs #buildahome 

#moveinmichigan #greattimetobuy #SOLD #realestateforsalemi 

#puremichigan #berkshirehathaway #sellahome  

Homebuyer Competition Is Easing

 

It's no secret that buyer demand has been extremely high ever since the Federal Reserve substantially reduced interest rates during the pandemic. In fact, the median value of a home grew by more than 17% in 2021, which was the result of exceedingly high demand and a relatively low housing supply. 

When the market conditions heavily favor the seller, it's common for intense bidding wars to take place and home prices to be driven up as a result. While buyer competition is still high, there are signs that competition is easing. 



Fewer Offers
According to a recent report by the National Association of Realtors, the average number of offers made on sold homes has dropped by a considerable amount over the last few months.

The average number of offers per home reached a high of 5.5 in April 2022. Since then, the numbers have dropped steadily with each passing month. In May the average was around 4.0 offers, in June it fell to 3.3, and by July the average was just 2.5 offers per home. This number may drop even further in the months to come. 

Higher Interest Rates
This decrease in offers can be attributed to two things. Number one, higher interest rates. Multiple Fed rate hikes this year have made it more expensive to buy a home and have caused some buyers to leave the market temporarily. Number two, a slightly higher inventory of homes on the market. Buyers have more options to choose from and may not be scrambling to put offers in. With lower buyer demand and more homes on the market, competition is effectively reduced. 

What These Trends Mean for You 
Even though there were a high number of buyers that were searching for homes in 2021, many potential buyers decided to stay out of the market because of the intense competition. Even if you were willing to offer more than asking price, there was a good chance that you would have been outbid throughout most of 2021. 

What the last few months indicate is that buyer competition is easing, which significantly reduces the possibility that you'll need to manage a bidding war. Even though the market is still tilted towards sellers, a greater number of homes on the market means that potential buyers may be able to make an offer and purchase a home without too much hassle. 

If you avoided buying a home over the past couple of years because of the high competition, now might be a great time to start searching for a new home. Even though buyer demand is still relatively high, it has dropped considerably over the past few months. If you're in the market for a new home, you should have less competition when making an offer.

 Holly Hurd~ Berkshire Hathaway HomeServices HWWB, REALTORS.... your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing market place a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket #hometown #hollyhurd #home

#historicnorthville #buy #buyingahome #buyrealestate #condo #homeforsale

#northvillemi #sellingyourhome #smalltown #shop #bhhs #buildahome 

#moveinmichigan #greattimetobuy #SOLD #realestateforsalemi 

#puremichigan #berkshirehathaway #sellahome 

How Do Home Sellers Decide On Setting Their Price in Northville, Mi. Area

There are a few things that home owners in the Greater Northville are have to consider when setting the sales price for their home. Condition: The condition of your home should be reflected in the pricing. If other homes have been updated and yours reflects much of the original construction but things are working, you can not expect buyers to pay as much for your home as your neighbors have gotten. In the contrary, we have to be careful about taking price plan if your home is the largest or most improved.

Motivation:If you want sell quickly I would go the lower end of the comps based on your homes condition and hold pretty firm when it goes to negotiating any offers. If you are in not much of a hurry, we can go toward the higher end of the market but if the feedback isn't what we hope for, then it may be necessary to adjust your price. Also you have a certain time that you want to close by, we can market based on that using data to discuss a plan of action for your sale.

Market Conditions: We will review the market trends prior to listing. If homes are slow to sell in your category or the market has little inventory, we can plan accordingly with a pricing & market plan to get you the results that you are looking for.

Other note for consideration:The real estate market doesn't care how much you purchased your home for, unless it was within the last 6 months. Most buyers generally do not have concern for what your mortgage payoff is going to be & your closing costs are going to be In some cases, it is close to being a short sale where the buyer may if they really like your home, they may decide to come up with the money so the seller won't have to go through the process or have to wait months for approval. No matter how much you want for your home, you have to be realistic for the market & the home has to appraise .

Are you thinking of selling your home in the Greater Northville, Mi. area?

 Contact local housing expert Holly Hurd -Realtor 

with Berkshire Hathaway HomeServices HWWB Realtors in Northville, Mi. 

to schedule your at home visit. My cell is (734) 718-5736 or send me an email. 

You can also get a quick no-obligation on your home's value from my website. 

I look forward to meeting with you.

Holly Hurd ~ Berkshire Hathaway HomeServices HWWB, REALTORS......your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing market place a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket #hometown #hollyhurd#home

#historicnorthville  #buy #buyingahome  #buyrealestate #condo #homeforsale

#northvillemi  #sellingyourhome #smalltown #shop #bhhs  #buildahome 

#moveinmichigan #greattimetobuy #SOLD #realestateforsalemi 

 #puremichigan #berkshirehathaway #sellahome

The #1 Reason to List Your House for Sale NOW!

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale

The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. 
That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.” 

The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Meet with me today so I  can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing, and able to buy right now!

Holly Hurd ~ Berkshire Hathaway HomeServices HWWB, REALTORS. ......your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing market place a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket#realestateforsalemi #hometown #hollyhurd #home#homesforsale #historicnorthville #buy #buyingahome#buildingahome #buyrealestate #condo #northvillemi#sellyourhome #sellingyourhome #smalltown #shop #bhhs#berkshirehathaway #moveinmichigan #greattimetobuy#puremichigan #SOLD

Whether You Rent Or Buy, Either Way You’re Paying A Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person building that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 4.22% last week.

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy. Call me today to discuss all your options 

❤️🏡🔑Holly Hurd~ Berkshire Hathaway HomeServices HWWB, REALTORS......your source for all your real estate. We are one of the Largest brokerage firms in Michigan, we have proven we can stand the test of time in this ever changing market place a proven leader for you and all your real estate needs. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in the Wayne/Oakland co. area with my New Listings Notification. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation. Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Michigan, please contact me as I'm more than willing to help.YOU CAN REACH ME DIRECT BY PHONE ANYTIME AT 734 718-5736 #YourHomeNorthvilleMichigan Real Estate Homes for sale in Northville Michigan Northville, Mi. 48167 #realtor #realestate #realestatemarket #realestateforsalemi#hometown #hollyhurd #home #homesforsale #historicnorthville #buy#buyingahome #buildingahome #buyrealestate #condo #northvillemi#sellyourhome #sellingyourhome #smalltown #shop #bhhs#berkshirehathaway #moveinmichigan #greattimetobuy #puremichigan#SOLD