Do You Know Your Number?

The real estate market is shifting significantly right now. Before last year, most homeowners would not imagine selling a house for the prices being offered today. Current home sale prices are being compared to the types of returns investors get during stock market surges and crypto- currency spikes. Homes continue to sell in hours and days, rather than weeks and months.

Even if you are not thinking about selling your home, there are three questions you should ask yourself:

1. How much MORE is my home worth today?
2. What amount of money, if offered, would cause me to move?
3. If the current situation continues, what is my best-case scenario?

Knowing your number does not mean you are committed to moving, but it does mean you are committed to being prepared. Every real estate market is different. This market is here today, and I remain committed to provide you with the most timely and accurate information. If you or someone you care about is curious about these numbers, call or text me and I can help you be prepared.

In the Big House

There is an old adage in real estate which says, "Don't buy the largest house on the street." For decades, it was a good idea to buy a home that fit just right in the neighborhood. If most homes on a street had 3 or 4 bedrooms, it was not a good idea to buy a home with 5 bedrooms and an office and an extended family room.  We're now seeing a shift, and based on current home buying behavior, the market indicates that people believe the trend to work from home will continue and maybe even expand.

We see people eagerly searching for large homes with enough rooms to accommodate dual home offices and classrooms. Many people are looking to move to rural areas in search of larger homes with the ability to expand.

People who have large homes and no longer need all of that space are in a great position to sell quickly. The next time you notice a friend, family member or neighbor who has more room than they want, send us a quick text and let's talk about all the ways we can help them.

The quickest ways to introduce us to the people you care about:

Boyd McGinn

443-447-5511

boyd@mcginnhomes.com

Five Crucial Reasons to Have Your “Annual Home Review”

Our world today is all about preparation and implementation, and just like you do an annual tax return, it’s equally important to do an “Annual Home Review”. Your home may be your biggest investment, so it’s critical to keep up-to-date on the answers to these five crucial questions:

1. What homes near you have sold for and how does this impact you?
2. What new tax laws give you deductions or credits on home improvements?
3. What’s happening in your neighborhood that will impact the value of your home?
4. What changes have occurred in your life that will alter your goals over the next 5 years, and how to prepare now to take full advantage of them?
5. What’s occurring with your current mortgage and what new possibilities would benefit you now?

The next time you are in a conversation with a friend, family member or neighbor who is talking about their home’s value, remember the future always belongs to the person who prepares. I am completely prepared to help you and the people you care about. Call or text me and I’ll get started right away. Together, we’ll do everything possible to make the future better than ever!

~Boyd