Skip to main content

Is Your House Recession-Proof?

When you were shopping for your home, I doubt you were thinking about how hard (or easy) it would be to sell someday.  The fact is, that your home's value is dependent on current homebuyer demands, which changes when prices get too high.  But that is for all homes, so what's new!?

Just as markets change, so do the buyers.  In good times, we have buyers of all types and price ranges coming out of the woodwork to purchase a home.  But in times like these, buyers start to cool off after hearing that home values are softening.  This mentality is what makes certain types of homes instantly lose value.  This mentality isn't necessarily bad since it's probably helpful in other areas of our lives, but this causes most people to take a "wait and see" approach.  Especially if you see homes around your neighborhood sitting on the market for too long and not selling.

Just like the leftovers in your fridge, buyers may not take a bite out of a house that has sat on the market for too long.

A good example is a large 3 bedroom home.
  This is a WANT based floor plan, not a NEED. This type of home is somewhere between 1,900 to 2,300 sqft. Big enough where it really should have a 4th bedroom, but instead has an extra living room or formal dining room.  Follow how the average sales price has fluctuated over the past 2 years.

Then compare it with a NEED based floor plan, the same square feet but with a 4th BEDROOM.


Recession-Proof House

The best shot you have at owning a home with rock-solid value is a NEED based floor plan and decent, slightly above average upgrades and finish out.  There truly is no such thing as a recession-proof property, but I can tell you which homes will keep or lose value based on the layout and amenities.

So, if you have a home with wasted space, you have options!  Before selling, our pre-listing process involves how to take some of the extra space in your home and give it a real purpose.  After all, that's what buyers want.  And if you give buyers what they want, you will get what you want!

Read more on our unique approach to selling homes like yours RIGHT HERE!


Popular posts from this blog

One-Time Close Construction Loans with Super Small Down Payments!

Have you ever DREAMED of building a Custom Home but assumed it would require a large down payment? A Home Designed to Fit You & Your Budget...  Build Your Dream Home NOW! Finally regular buyers can get a truly custom home because of low down payment, one-time close construction loans!  Find that perfect piece of land in the perfect location, design your Custom Perfect home and then wrap it all into one easy loan product! For far too long, buyers with only 3-5% to put down have had to settle for pre-existing floor plans or homes.  Why compromise on the place where you spend so much of your life?  NOW you can design your new home exactly the way you want it... YOUR Style & Design with all the floor plan, layout, features and amenities that fit How You Do Life ! Your Own Custom Perfect Spaces! What will you put in YOUR Custom Home? Master retreats, kitchens straight out of Pinterest or HGTV! Guest houses for an aging parent . Separate spaces for

Crazy Like a Fox.... Buy Your Next Home BEFORE Selling?

Imagine a world where you purchase your next home, THEN get up to 6 months to sell your current one...   That's right! On this planet, there is no selling then buying stress.  You don't have to feverishly search for your next home AFTER accepting an offer on your current one.   Sounds rough?  Just ask anyone who has done it! Skeptical?  I would be too! If you never heard of this before, it's called a portfolio loan.  They come in many shapes & sizes, but this loan type allows a buyer to be payment free for up to 6 months on their next home .  It's only available through the normal Fannie Mae conventional loan (sorry, no FHA/VA or USDA) and is structured so payments on your next home start AFTER your sell your old home.  This gives our clients the ability to have their cake and eat it too!  Carefully choose your new home and complete the purchase process... Then take your time moving out and selling your existing home.  THIS is how you transition from one h

Look at How Far We've Come! COVID Can't Keep US Down!

From the beginning of the "COVID impact" on our local real estate market, we have been tracking the health of our home values by monitoring "under contract" data to get real-time indicators.  Since SOLD data is already 30+ days OLD by the time it's published, we use this info to determine what's happening with our market NOW.   Legend:  BLUE is the 1st 10 day timeframe. ORANGE is the midway 10 day timeframe. GRAY is the latest 10 day timeframe. Collin County - April 2020 to NOW It's almost like any other summer buying season in Collin county... Healthy numbers from 200k to 500k.  We are on an upward trajectory for homes being put under contract, with the higher-end ranges making a strong comeback from where we started.  There are plenty of buyers hunting for a great home, so put your house on the market with confidence.  More info available upon request. Learn more about Selling with NO SHOWINGS Right Here. Denton County - April 2020 to NOW BELOW 300k, D