Memphis Real Estate Podcast with Rita Driver - What Should Home Sellers Know About the Market?

What Should Home Sellers Know About the Market?

05/03/17 • -1 min

Memphis Real Estate Podcast with Rita Driver

If you’ve felt like your home equity wasn’t quite where it should be, you probably won’t feel that way once you learn what’s happening in the market right now.

Selling your home? Get a free home valuation.

Buying a home? Search the local MLS.

If you’re considering selling your home, I’ve got some powerful points for you to consider.

Right now, our inventory is low, property equity is up, and if you’ve owned your home and are waiting to retrieve your equity so you can move into a smaller, larger, or different home, it’s a great time to accomplish that. Interest rates are still extremely low for buyers too.

In the last few years, many homeowners felt that the equity in their home wasn’t where it should be. We’re back to a stable enough point now and those equities are attainable. I’m actually having difficulty keeping properties on the market for more than one week at a time.

We’re seeing multiple offers and bidding wars.

In some cases, we’re experiencing multiple offers and bidding wars. We’ll get five or six offers in just two or three days. I just wanted you to be aware that if you’ve been thinking about it, right now is an absolutely fantastic time to sell your home and recoup that equity you felt would never come back.

If you have any questions for me or need any help buying or selling a home, give me a call or send me an email. I would love to hear from you soon.

If you’ve felt like your home equity wasn’t quite where it should be, you probably won’t feel that way once you learn what’s happening in the market right now.

Selling your home? Get a free home valuation.

Buying a home? Search the local MLS.

We’re seeing multiple offers and bidding wars.

Previous Episode

What Can Homebuyers Expect During the Closing Process?

We’re back today to talk about what the closing process looks like if you’re a buyer.

Selling your home? Get a free home valuation.

Buying a home? Search the local MLS.

Last time we went over what happens during the closing process from the seller’s side. Today, we’ll explain how the process works for a buyer.

Once you go under contract, we start lining up all the inspections and get in touch with your lender. We also speak with a closing attorney. Tammy will need to know your social security number, which mortgage company you're using, and your plan for homeowners insurance. She then sends all of that information to the closing attorney. The closing attorney then makes sure you make it to the closing table without any surprises.

We will take care of all the little details that go into your real estate transaction.

During that process, the closing office will also check the title for you. Our closing attorney, Drew Johnston, is excellent. He’ll make sure the title is clean without any sort of lien.

If you need any help with or have any questions about homeowners insurance, often called hazard insurance, Tammy and I can assist you with that as well. There are often a lot of discounts involved, and you need to ask for those.

It’s important to know that the closing attorney has nothing to do with the keys to the home. Once your lender has given the funds for the home to your closing attorney, Tammy and I will handle getting you your keys.

Whatever I can’t handle, Tammy takes care of and vice versa. Whether you are looking to buy or sell a home, we will take care of all the little details that go into your real estate transaction.

If you have any other questions, please don’t hesitate to give us a call or send us an email. We look forward to hearing from you!

Next Episode

What Is Megan Driver’s Role on Our Team?

Today I'd like to introduce you to an important member of our team, my daughter Megan.

Selling your home? Get a free home valuation.

Buying a home? Search the local MLS.

I’m delighted to introduce you to a very important member of our team and a very important member of my life. Of course I’m talking about my daughter Megan, who has a big role on our team that she performs wonderfully in.

Megan is here Monday through Friday (and when I’m not here on the weekends) and I rely on her quite a bit. She does a lot of things for us, including uploading photos and information to the MLS and distributing that information via our online marketing. She also takes phone calls, keeps agents in the loop about different properties, and so much more.

Megan is an essential part of our team.

She is in charge of our day-to-day operations as well, including managing the office and dealing with vendors on a daily basis. We’ve got a lot of great vendors so if you’re ever in need of someone to look at your plumbing, your electrical, your A/C, or anything else in your house, we have got you covered. Our vendors are extremely well-vetted and we’ve had nothing but positive experiences working with them over the years.

If you have any questions for us or have any real estate needs whatsoever, give us a call or send us an email. We look forward to hearing from you soon.