If you're thinking about selling, you have two awesome advantages now than you did this time last year. This time last year, there weren't as many houses to choose from as there are today. So if you do decide to move, there are more choices for you to choose from and you can find the house that you may be looking for. The second thing is, is that inventory is still crazy low. And so the chances are that if we price your house just right, you're going to get an offer on it very, very quickly. So awesome, awesome time to be selling your house. You've got more opportunity to find what you're looking for and a really great opportunity to get your house sold for the best price possible as quickly as possible. So if you want to know more about that, just give me a call. My contact information is below or just message me. All right, talk to you guys soon.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

Hey, I've been getting a ton of questions about what's going on in the market. Real quick, rates went up to 7. They dropped down to 5.99, kind of in the low sixes right now. Who knows exactly where they're going to go, but buyers seem to be accepting the new interest rates at 6%. So at some point, that's going to break loose. Pre-COVID, we had 237 active listings in the MLS. If you wanted to say, hey Jeremy, I'd like to go see a house, I could show you 237 choices from zero to all the way to the most expensive. Today, I just checked and there are only 54. During COVID, we had 30. We bumped up to 40, and that's when things slowed down in May of last year, and now we're in the 50s. So at some point, it's going to break loose. We're looking for houses. Give me a call, and I'd be happy to talk to you about yours and how we can get as much for it as possible.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

These numbers are from the Quincy, IL active residential homes in the MLS.

Hey, if you're thinking about selling your house, you have a couple key advantages in today's market. First of all, there are more homes for sale now than there were at this time last year. That means you may have more options to choose from if you move, so you're more likely to find what you're looking for. And second, inventory is still very low. So if you price your house right, it'll be in high demand. There just aren't enough homes on the market today for the number of buyers who want to purchase them. So your house could sell pretty quickly. So with more homes to choose from, but still an overall shortage of listings, you may be in a true sweet spot this season. If you're ready to make a move, I can give you the expert advice you need. Let's connect so you don't miss out on what today's market has to offer. Talk to you soon.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

If you've been waiting to buy a home, you'll be happy to know today's mortgage rate has dropped below last year's peak. That's good news because a lower rate makes it easier to afford a home loan. But you may be thinking, should I wait for rates to drop even more? The answer is probably not. Like Greg McBride from Bankrate says, we're not going back to 3.0% any time soon, and other experts agree mortgage rates are projected to stabilize this year, likely below 6%. So if you're ready to make your move, holding out for 3% rates could mean missing out on the space you need or the home you love. As a real estate expert, I'm here to help you navigate the housing market. Let's connect and start exploring your options today.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

If you've been waiting to buy a home, you'll be happy to know today's mortgage rate has dropped below last year's peak. That's good news because a lower rate makes it easier to afford a home loan. But you may be thinking, should I wait for rates to drop even more? The answer is probably not. Like Greg McBride from Bankrate says, we're not going back to 3.0% any time soon, and other experts agree mortgage rates are projected to stabilize this year, likely below 6%. So if you're ready to make your move, holding out for 3% rates could mean missing out on the space you need or the home you love. As a real estate expert, I'm here to help you navigate the housing market. Let's connect and start exploring your options today.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

If you're saving up to buy your first home, you might have heard that you need 20% of the home price for your down payment. But here's the truth, that's not necessarily the case. Unless specified by your lender, you don't always need to put down that much. Today's median down payment is less than 20%. In fact, it's only 14% when you take the average for all buyers, and it's even lower for the first time buyers at just 6%. The big takeaway? Don't let this myth become a barrier to achieving your dream of home ownership. If saving for a down payment still feels like a challenge, know that there are over 2,000 assistant programs in the U.S., and the majority are intended to help with down payments. If you want to purchase a home this year, let's connect. You may be closer to your savings goal than you think.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

Did you know that even over the past years that the market has cooled, homeowners have gained an average of over $30,000 in equity? Here's how that equity can make a big difference in your life. You can use equity to buy a home that fits your changing needs, reinvest in your current home and to pursue your personal goals. Are you short on space? Use your equity to power a move into a large home. Too much space? Use it to buy a smaller home that better fits your lifestyle. Not ready to move just yet? You can also use it to even invest in your current home to increase your home's overall value. Partner with a trusted advisor to help you decide which home improvement projects to prioritize so you can get the greatest return on your investment if you decide to sell down the line. And finally, you can pursue personal goals like retiring, starting a business or funding an education. If you're curious about how much equity you have, let me help plan your next move.  

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

Want to know what's going to happen in the housing market in 2023? Spoiler alert, it's all about inflation. There are two factors that will shape the 2023 market. The big one is inflation. Here's the thing, mortgage rates rose dramatically in 2022. That was due to the Federal Reserve's actions to try to bring inflation down. While there are some signs inflation may be starting to cool, where the market goes from here really depends on the Fed's ability to get inflation under control. And if inflation continues to fall, like we've seen lately, mortgage rates likely will fall too. Honestly, if there's anything we all want right now in real estate, it's more stability and predictability. If inflation eases, we may see that with mortgage rates, but plan for some volatility in the meantime. Remember, 2023 is going to be all about inflation. I'll keep following the latest information on the market, so if you have questions on what we can expect from the new year, let's connect.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

Should you sell your house this winter? If you're trying to decide if now's the right time to make a move, you probably have a few things on your mind. Here's a look at the top questions that I'm getting about selling right now. Number one, should I wait? While inventory has grown year over year, it's still low. So now is actually a great time to sell your house. While other sellers may put their plans on hold for the holidays, your house has a chance to stand out if you price it right. Number two, are buyers still out there? Data shows millennials are eager to buy and they're out there looking for their dream homes today. Yours may be exactly what they're searching for. Number three, can I afford to buy my next home? Homeowners today have very high levels of home equity. So while mortgage rates are higher than recent years, the equity you've already built in your home can help power your next move. So is now still a good time to sell? The short answer is yes. If you're ready to get started, let's connect.

Jeremy Farlow, Managing Broker

Farlow Real Estate Experts

Quincy, IL 62305

Farlow.zoodealio.com (click here for cash offers on your house)

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

Hey, have you delayed your plans to buy a house because of how competitive the market was over the past few years? If so, hear this. Today's market is different. Here's a look at three trends that are good news for today's homebuyers. Number one, you have more homes to choose from. Since the same time last year, the number of homes for sale is up roughly 50%. So finding what you're looking for today isn't nearly as hard as it would have been a year ago. Number two, bidding wars have been erased. In just one year, the average number of offers on a home dropped from 3.7 to 2.4. That means you may face less intense competition from other buyers now. And number three, you have more negotiation power. 92% of recent sellers negotiated with buyers on things like lower prices, home repairs, and even covering closing costs. With these three trends, you've got something to get excited about. So if you're ready to kick off the home buying process, let's talk.