Buying & Selling Homes with The Collura Team

Brought to you by  John Collura . Submitting Creative Bids During the Spring Market Frenzy It's that time of year again. The spring market is in full swing and crowds of buyers are fighting over their dream house—or at least the closest thing to it, considering this year's nationwide inventory shortage isn't leaving many options. So, what does that mean? For the most part, higher prices, more competition and a whole lot of bids. Listings in good condition tend to get multiple offers this time of year, and buyers are putting forth their strongest submissions—cash offers, over-asking, fast closings, no contingencies, etc. But creativity is the name of the game in this year's competitive market. Buyers are inspired to win over the seller's emotional side. Here are the latest home-buying trends for beating out the competition in a swarming spring market: Love Letters While they've been around for a while, they're getting a lot more popular, being used b

How Much Has Your Home Increased in Value Over the Last Year? Home values have risen dramatically over the last twelve months. In  CoreLogic’s  most recent  Home Price Index Report,  they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic  broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018  (the latest data available). It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year. Lower-priced homes have appreciated at greater rates than homes at the u