Quincy, IL New Listings, Market Trends, and General Updates

You’ll find our blog to be a wealth of information, covering everything from new Quincy house listings, local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Dec. 5, 2022

Real Estate Top Questions Should I Buy a Home with Today’s High Interest Rates

One of the top questions I'm getting right now is should I still buy a home with today's higher mortgage rates? While each person's finances and budgets are going to be different, there is something you can do to plan ahead and that's getting pre-approved for a mortgage. Here's a look at just a few of the benefits of pre-approval. For starters, pre-approval from a loan officer helps you understand how much you can borrow from your home loan. Knowing this makes it easier to determine your market budget and price point. Not to mention, when you put in an offer on a house, a pre-approval letter shows sellers that you're serious, you're qualified, and you're ready to make a move. If you have questions about buying a home today or about the home buying process in general, I can help. Let's connect.

Posted in Blog Posts
Dec. 2, 2022

3 Reasons Not to Sell Your House on Your Own

 

While it may be tempting to sell your house on your own, it's really not worth the headache. Here are a few reasons to work with a real estate professional today. One, a professional like me follows the latest housing market trends. Industry expertise is important, especially in a shifting market. I can help you understand what's happening right now and what that means when you sell your house. Two, a professional helps you maximize your pool of buyers. Buyer demand has eased this year as mortgage rates were rising, but I'll help make sure your house gets in front of as many eager buyers as possible. And three, a professional is a skilled negotiator. Because demand has eased and inventory has increased this year, buyers have more negotiation power. You want someone who will advocate for you and handle any conversations about repairs, closing costs, and more. If you're going to sell your house, you don't have to do it alone. And to be honest, you don't want to. Let's connect so you have an expert on your side every step of the way.

 

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

 

#jeremyfarlow #farlowrealestateexperts #cashoffer #homebuying #successmindset

Posted in Blog Posts
Nov. 18, 2022

What to Expect for Home Prices in 2023

Hey with all the headlines in the media you may be wondering what's really happening with home prices and where will they go from here? I can break it down for you but don't just take my word for it here's what the experts have to say. Take a look at this it's the home price forecasts for 2023 from six industry experts. While some are calling for slight appreciation others are calling for slight depreciation. The best way to look at is to average them all together to get a full picture. When we do that on a national level it's roughly neutral or flat appreciation projected for next year. There are a lot of things that factor into home prices like supply and demand and what will happen next vary by location. Basically just like they have already done this year some areas may see slight price growth and other slight declines and with more significant changes happening in overall heated markets. If you have questions about what's happening in our area let's connect.

Posted in Blog Posts
Nov. 17, 2022

Top 3 Reasons to Sell Your House Now

Top question that I get during this time of the year is, should I wait to put my house on the market until after the holidays? Or maybe you're just concerned about it or worried about putting your house on the market right now. Well these are the top three reasons that you should put your house on the market now instead of waiting. Number one, there are going to be a lot of people who have your same thought process that are waiting and so you have a lot more competition when it comes to January. Number two, we can avoid all of the delays. When you put your house on the market we've got to get it measured. We've got to schedule the photography. We've got to get the photography in there. We've got to set it in the MLS. That causes a lot of delay and if we can get going now we can be on the market long before everybody else hits. And then of course number three, the uncertainty of the interest rates which is going to put more downward pressure on the value of your home if it is higher come January. So those are the top three reasons. Let's connect. Let's get going. Let's get your house on the market.

Posted in Blog Posts
Nov. 15, 2022

Danger of Overpricing Your House

In today's shifting housing market, overpricing your home is a mistake. Most sellers I work with want to maximize their sales price, minimize the hassles, and sell their house as quickly as possible. But while we're still in a sellers' market, things have changed from just a few months ago, and we need to consider how to price your house based on where we are right now.

 

Here are a few of the benefits of pricing your house right. When you price it at market value, you'll help boost interest in your home so you can attract more buyers. And when you do, you'll maximize your sales price. Plus, when you price your home right, it'll sell faster.

 

That's why you don't want to overshoot your target price. Price it too high, and it'll sit on the market or require a price reduction. Price it too low, and it may lead buyers to think something's wrong.

 

Hitting a bullseye is what I do. And as your agent, I'll look at all the factors to help you maximize your sales price in today's shifting market.

Posted in Blog Posts
Nov. 15, 2022

target is coming to Quincy IL

Quincy, Illinois is a Midwestern gem that offers big city shopping without the hassle. For residents and visitors alike, Quincy is a shopper's paradise. The city is home to a Walmart and very soon a brand new Target! In addition, Quincy is also getting a new Verizon store and Planet Fitness plus other new businesses and restaurants. As a result, shopping in Quincy is like shopping in a bigger city without the hassle. Whether you're looking for a new shirt, new place to workout, new place to eat, or a new phone, you're sure to find what you're looking for in Quincy.

Ready to start your search for a home, give us a call, 217-641-2995

Posted in Blog Posts
Nov. 10, 2022

What a Recession Could Mean for the Housing Market

Recession. It's a word that can spark fear and uncertainty in any market, and housing is no exception. But contrary to what you may think, you don't have to fear the word recession when it comes to buying a home. Here's why. Take a look at what tends to happen to mortgage rates during a recession. Historically, a recession means falling mortgage rates. During each of the past six recessions in this country, mortgage rates have dropped. And while we're not officially in a recession just yet, there are a number of experts that say it could happen within the next twelve months. And, if it does, this could be an indicator of how rates will respond. While history doesn't always repeat itself, we can learn from it. If you have questions about what's happening in the housing market, let's connect. While there's no such thing as perfect advice, I follow what the experts and the data are saying to provide you with the best advice possible.

Posted in Blog Posts
Nov. 9, 2022

Changing needs

If you're thinking about making a move, don't let the cooling housing market slow you down. While mortgage rates are higher today, there are many other reasons it may be time to sell. The biggest one? Your changing needs. A realtor-dot-com survey studied the top reasons homeowners sold their houses recently. And one big trend emerged. Their needs had changed and that meant their house needed to as well. Thirty-one percent wanted a home with different features or amenities. Twenty-six percent needed space for a home office. And twenty-three percent wanted to be closer to their friends and loved ones. If any of these reasons resonate with you, it may be time to consider selling your house. Your home is supposed to be your happy place. And if you're not totally happy with it, let's find you one that checks all your boxes. That's where I can help. Let's connect today.

Posted in Blog Posts
Nov. 8, 2022

Pie Party Client Appreciation

If you're in the market for a new home, there's no better team to trust than the Farlow Real Estate Experts. And to show our appreciation for your business, we're throwing a Pie Party! Come enjoy some delicious Thanksgiving pies with coffee and cappuccino on us. This is a great opportunity to get to know the Farlow family and friends, and we'll be happy to answer any real estate questions you may have. We hope to see you on November 21st from 3-7pm!

Posted in Blog Posts
Nov. 7, 2022

Why homeowners win in the long run

One of the biggest questions I’m getting right now is: should I still buy a home today? Here’s what I can tell you. While the headlines are focused on the market cooling in recent months, they don’t paint the full picture of why homeownership is worth it. While those short-term changes matter, homeowners win in the long run, and I can prove it.

 

We know that home values typically rise with time. And we've certainly seen that over the past few years. But here's what I want you to really focus on.

 

On average, home prices have risen by two-hundred-and-ninety percent over the past thirty years in this country. That's almost three hundred percent growth. Now, why does this matter if you're thinking about buying a home? It goes to show homeownership wins over time.

 

As home values grow and as you pay down your mortgage, you build equity. And that gives your net

worth a big boost. With time, you could be sitting on significant amount of home equity

 

Homeownership is a play that wins in the long run. If you're ready to invest in your future, let's connect.

Posted in Blog Posts