Blog - Douglass McNeilly

Buying, Real Estate, Selling

Mortgage Rates Have Doubled. What Does This Mean?

Rates have doubled. I have had both Sellers and Buyers concerned about the recent increase in interest rates. Buyers are concern because the recent increase of almost 300 basis points (or 3 percentage points) has added hundreds of dollars to the average monthly payment and can kick them into a lower price range or out […]
Buying, Real Estate, Selling

I’M NOT AN ECONOMIST….BUT I DON’T SEE A HOUSING BUBBLE

Home prices have been on a tear the last 18+ months and even with the increase in interest rates over the last six months – almost two whole percentage points – from 3.5% to 5.5% has yet to take steam out of home price appreciation. First, we need to place some definition around the term […]
Buying, Real Estate

Getting Your Offer Accepted

What can a Buyer do in a heated real estate market where multiple offers are common? How can you make your offer standout? Price is always paramount. If you make an offer above what the comparable sales support, you are entering into the realm of an emotional purchase. What if you can’t or won’t […]
Real Estate, Selling

What Doesn’t Impact List Price?

Some factors have no impact on price, and as I wrote about last month, some Factors the Seller Controls, while other factors, such as price the Seller does not control. While the Seller sets the price with a Realtor guiding them, the market ultimately determines the price of a home. There are several items that […]