Monroe County, PA Real Estate News

By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
When Is the Right Time To Sell Some Highlights If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, and your home won’t be on the market long. Today’s market favors sellers. If you’re ready to move, let’s meet to discuss the benefits you can expect when you sell this season. Bottom Line What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, sin...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Real Estate Agents Are Experts on Guidelines and Tools When You Sell If you’re on the fence about whether or not you want to sell your house this year, there’s good news. For nearly two years, real estate professionals have worked tirelessly to ensure the safety of buyers and sellers during the pandemic. Today, they’re seasoned experts, not just in the art of buying and selling homes, but also in how to keep you safe throughout the process. Real estate professionals have learned new technologies plus safety and sanitation measures. As new variants emerge, those lessons continue to be key ways agents add value. Real Estate Advisors Stay Current on Guidance for In-Person Showings Agents don’t leave your health up to chance. They follow guidance from the Centers for Disease Control (CDC) ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Why Inflation Shouldn’t Stop You from Buying a Home in 2022 If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during a period of high inflation, prices rise across the board. And while home prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying a home in 2022. Homeownership Offers Stability and Security Home prices have been increasing for quite some time, and experts say they’re going to continue to climb throughout 2022. So, as a buyer, how can you protec...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Two Ways Homebuyers Can Win in Today’s Market If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market. Act Early and Save The earlier you act this year, the more affordable your purchase will be. That’s because experts project mortgage rates will rise as we move deeper into 2022. According to Freddie Mac, the average 30-year fixed-rate mortgage is expected to be 3.5% by year’s end. Experts forecast home prices will rise as well. That means the longer you wait, the more it will cost you to buy a home. Instead, act early and purchase your home before rates and prices rise further. Not to ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Should I Update My House Before I Sell It? Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates may be necessary for your house to stand out. In our current sellers’ market, the added expenses might not be worth it. Let’s connect so you have expert advice on which updates are important in today’s market. What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, single or multi-generational residence, remote workplace, relocation, retirement, vacation or inve...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Expert Insights on the 2022 Housing Market As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that's still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have other...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
How Much Do You Need for Your Down Payment? As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a common misconception. Freddie Mac says: “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” Unless specified by your loan type or lender, it’s typically not required to put 20% down. According to the Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. It may sound surprising, but today, that number is only 13%. An...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Avoid the Rental Trap in 2022 Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022. As a renter, you should know rents have been rising since 1988 (see graph below): In 2021, rents grew dramatically. According to ApartmentList.com, since January 2021: “. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.” That increase in 2021 was far greater than the typical rent increases we’ve seen in recent years. In other words – rents are rising fast. And the 2022 National...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Why Waiting To Sell Your House Could Cost You a Small Fortune Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July. However, this year’s expected to be much different than the norm. Here are five reasons to list your house now rather than waiting until the spring. 1. Buyers Are Looking Right Now, and They’re Ready To Purchase The ShowingTime Showing Index reports data from more than six million property showings scheduled across the country each month. In other words, it’s a gauge of how many buyers are out looking at homes at the current time. The latest index, which covers November showings, reveals that buyers are still very active in the market. ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
There Won’t Be a Wave of Foreclosures in the Housing Market When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here’s a look at why that isn’t the case. 1. There Are Fewer Homeowners in Trouble This Time After the last housing crash, over nine million households lost their homes to a foreclosure, short sale, or because they gave it back to the bank. Many believed millions of homeowners would face the same fate again this time. However, today’s data shows that most homeowners exite...
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By The Jeff Rickert Team, Poconos - RSPS - The Jeff Rickert Team
(RE/MAX Property Specialists)
Click here for Price and LocationRanch on a double lot in the gated, amenity-filled community of Arrowhead Lake. Fenced in yard for a dog or a playground! This ranch has 2 bedrooms, 1 bath and a 3 season room (9 x 12). Family room has a brick pellet stove, vaulted ceiling and door to deck. Dining area has hardwood floors. Kitchen has lots of cabinets for storage. Living room has a stone faced propane fireplace. Full attic for extra storage space! Updated bathroom has a linen closet. Crawlspace encapsulated with transferable warranty. Paved driveway with lots of parking, 2 sheds, fire pit and a gas generator complete this home!Please call Heather Rickert at 215-850-9640 Today!Click here for Price and Location 
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Knowledge Is Power When It Comes to Appraisals and Inspections Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is one of the most important transactions in your lifetime, and it’s critical to keep your best interests in mind. Here’s a breakdown of what to expect from the appraisal and the inspection, and why each one can potentially save you a lot of time, money, and headaches down the road. Home Appraisal The home appraisal is a critical step for securing a mortgage on your home. As Home Light e...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Housing Challenge or Housing Opportunity? It Depends. The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically. There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale. The Opportunity  This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to CoreLogic, th...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Does Your House Have What Buyers Want? The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do. Remote Work Is Here To Stay Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices: “. . . 66% of organizations are delaying reopening their offices due to new COVID-19 variants.” And it’s not just companies that are choosing to remain remote for the time being – workers are seeking more flexibility. According to research ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Renters Missed Out on $51,500 This Past Year Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.” Looking back, we can see rents rising isn’t new. The median rental price has increased consistently over the past 33 years (see graph below):If you’re thinking of renting for another year, consider that rents will likely be even higher next year. But that alone doesn’t paint the picture of the true cost of renting. The Money ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
How Sellers Win When Housing Inventory Is Low In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal. ...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Key Things To Avoid After Applying for a Mortgage Once you’ve found your dream home and applied for a mortgage, there are some key things to keep in mind before you close. It’s exciting to start thinking about moving in and decorating your new place, but before you make any large purchases, move your money around, or make any major life changes, be sure to consult your lender – someone who’s qualified to explain how your financial decisions may impact your home loan. Here’s a list of things you shouldn’t do after applying for a mortgage. They’re all important to know – or simply just good reminders – for the process. 1. Don’t Deposit Cash into Your Bank Accounts Before Speaking with Your Bank or Lender. Lenders need to source your money, and cash isn’t easily traceable. Before you depo...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
5 Tips for Making Your Best Offer on a Home As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. 1. Know Your Budget Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it: “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.” Showing sellers you’re serious can give you a competitive edge, and it helps you act quickly when you’ve found your perfect home. 2. Be Ready To Move Fast Hom...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
Expert Insights on the 2022 Housing Market As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. Odeta Kushi, Deputy Chief Economist, First American: “Consensus forecasts put rates at about 3.7% by the end of next year. So, that's still historically low, but certainly higher than they are today.” Danielle Hale, Chief Economist, realtor.com: “Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have other...
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By Kris Collis, Associate Broker, Professional Results you Expect 570-801-5525
(Smart Way America Realty)
 Here’s to a Wonderful 2022! Bottom Line for 2022 What best fits your real estate goals right now - buy, sell, perhaps both? With years of area knowledge, repeat clients, trusted service and personalized guidance each step of the way, we find the solution(s) customized to your needs - growing family space, single or multi-generational residence, remote workplace, relocation, retirement, vacation or investment. Your Home Sweet Home is waiting. Contact Kris Collis now, your Trusted Pro in the Poconos for professional results you expect.Courtesy:  KCM
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