Dawn Deegan's Real Estate (mostly) Blog

NEWS & MEDIA People Images/Gettyimages.com Share The listing price is a strategy, but many sellers think of it as an expectation. Perhaps the toughest mistake? Thinking they can make more as a FSBO. CHICAGO – With soaring home prices and high demand, homeowners find it a great time to sell. But some sellers – particularly first-timers – may be so caught up in the “hot housing market” headlines that it clouds their expectations. Real estate professionals shared with realtor.com some of the mistakes of rookie home sellers in the current market: Unrealistic price expectations : It’s a seller’s market, but that doesn’t mean a sky-is-the-limit pricing strategy will work. “First-time sellers often erroneously believe that the list price means the desired purchase price,” says Lindsay Reishman, founding partner at The Reishman Group in Washington, D.C. “In fact, the list price simply indicates an approximate appropriate price, and its purpose is to drive interest in the property.” Accepti...

       The annual inflation rate in the United States is currently around 7.5 %—the highest it has been since 1982. 1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you. Economists expect the effects of inflation, like a higher cost of goods, to continue. 2 Luckily, an investment in real estate can ease some of the financial strain. Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help . WHAT IS INFLATION AND HOW DOES IT IMPACT ME? Inflation is a decline in the value of money. When the rate of inflation rises, prices for goods and services go up. Therefore, a dollar buys you a little bit less with every passing day. The consumer price index, or CPI, is a standard measure of inflation. Based on the latest CPI data, prices increased 7.5% from January 2021 to January 2022. 1 A little bit of inflation is considered healthy for the eco...