Darryl Morris

09/02/2021

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An Agent Will Be Your Expert Guide Through Your Home Sale

A real estate agent serves as your expert guide when you sell your house. Let's connect today so we can go on this journey together.


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09/02/2021

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5 Reasons Today's Housing Market Is Anything but Normal

There are many headlines out there that claim we’re reverting to a more normal real estate market. Here’s the definition of normal from the Merriam-Webster Dictionary: “conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.” Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.

>>Mortgage Rates
Today, the average mortgage rate stands at 2.87%, which is very close to the historic low.
Currently, mortgage rates are anything but usual, typical, or routine.

>>Home Price Appreciation
According to Black Knight, the average annual appreciation on residential real estate prices since 1995 has been 4.14%. According to the latest forecast from NAR, home price appreciation will hit 14.1...


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There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even...

09/01/2021

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What Buyers and Sellers Need To Know About the Appraisal Gap

Why does an appraisal gap happen?

Basically, with the heightened buyer demand, purchasers are often willing to pay over asking to secure the home of their dreams. If you’ve ever toured a house you’ve fallen in love with, you understand. Once you start to picture yourself and your furniture in the rooms, you want to do everything you can to land the property, including putting in a high offer to try to beat out other would-be buyers.

When the appraiser comes in, they look at things a bit more objectively. Their job is to assess the inherent value of the home, so they’re going to study the facts. In simple terms, while homebuyers may be willing to pay more, appraisers are there to assess the market value of the home. Their goal is to make sure the lender isn’t loaning more money than the...


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It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.

09/01/2021

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What You Can Do Right Now To Prepare for Homeownership

Rising rental costs may make it seem impossible to prepare for homeownership if you’re a renter. But the truth is, there are ways you can – and should – prepare to purchase your first home. Here’s some expert advice on what to do if you’re ready to learn more about how to escape rising rents.

>>Start Saving – Even Small Amounts – Now
As Cindy Zuniga-Sanchez, Founder of Zero-Based Budget Coaching LLC, says. “I recommend saving for a home in a ‘sinking fund’ . . . . This is a savings account separate from your emergency fund that you use to save for a short or mid-term expense.” Zuniga-Sanchez adds saving in smaller increments can help make a large goal – such as saving for a down payment –achievable.

>>Assess Your Finances and Work on Your Credit
Another tip experts recommend: take a...


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As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com:

08/31/2021

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Have you taken your last vacation of the year? The number of homes for sale is still well below average, meaning your vacation home could get its moment in the sun as summer ends. Not to mention, recent data has shown an increase in demand for vacation homes this year. DM me today if you’re ready to sell your second home.


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08/31/2021

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If you’ve been waiting on the sidelines for even lower rates, it’s time to get in the game. Experts forecast rates will rise in the coming months, and the slightest increase in rates will affect your purchasing power. DM me today so we can put together the winning play to buy a home before rates rise.


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08/30/2021

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The Difference in Net Worth Between Homeowners and Renters Is Widening

Two major personal wealth goals – homeownership and net worth – work hand-in-hand. Below are just a few reasons why, if you’re looking for financial security, homeownership should be a top priority.

The gap between homeowners and renters continues to widen. That’s because homeownership contributes massively to an individual’s overall net worth. Odeta Kushi, Deputy Chief Economist at First American, highlights this idea. “. . . between 2016 and 2019, housing wealth was the single biggest contributor to the increase in net worth across all income groups . . . .” When we look even closer at the most recent data from 2019, the average homeowner’s net worth is more than 40 times greater than that of the average renter.

The gap exists in large part because homeowners build...


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Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It sh...

08/30/2021

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There’s no doubt about it—the housing market is still red hot. Nearly twice as many houses are selling above list price today when compared to the same time last year. DM me if you’re ready to sell and maximize your house’s potential.


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08/27/2021

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With a housing market this competitive, you may need to think outside the box. Trusted real estate advisors can help with things like assessing your budget, expanding your search radius, looking into other options, and determining your true needs. DM me today if you're having trouble finding your first home so we can explore options together!


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08/27/2021

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Your Checklist To Get Ready To Sell [INFOGRAPHIC]

When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. DM me today so we can make sure it shows well and catches a buyer’s eye.


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Some Highlights When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. Let’s connect to make sure your house shows well and catches a b...

08/26/2021

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Home price growth increased dramatically over the last year, which means the equity in your home has grown, too. Whether you’re looking to move up, downsize, or finally move to the area you’ve been dreaming about, your equity can power your . DM me today if you’re ready to capitalize on this incredible opportunity.


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