October 2023

Happy Thanksgiving everyone! It’s that time of year to reflect on all the good things we have. As we finish the year with the highest interest rates we’ve seen in 23 years, we are telling our buyers that this period is a blessing in disguise. Before the high interest rates, houses were more affordable, but there were bidding wars with other buyers. Buyer demand is still greater than the supply of homes for sale which is why home prices are coming back up from the dip in February. We are nearly back to the average sale price from just 12 months ago. Is the real estate market going to crash? No it is not. Will people still need to buy or sell homes? Yes, they will. However, The average sized 3 bedroom 2 bathroom Class A fixed up home sold for 30% more than the average sized 3 bedroom 2 bathroom that was not updated. In dollars, Class A houses sold on average for $1,500,000 while Class C unimproved houses sold on average for $1,000,000. Semi updated houses sold right in the middle for approximately $1,250,000. Full improvements generally cost less than $100,000 which as a seller could get you a $300,000 return. 

If you have questions like these: If I sold my house, where would I go? Will I have enough money? How do I get my house ready for sale? Who can help me? Is there an easy solution? That’s where The Guy Blume Group comes in. We provide simple solutions like decluttering, hauling, estate sales, repairs, cleaning, staging, photos and marketing to get you top dollar with no headaches. Investor buyers are looking to give you the least amount of money for your house. The Guy Blume Group wants to get you the most NET amount even after real estate fees. When you call Guy, he answers his own phone! The buck stops here and with 2024 around the corner, the time to start talking is now. Happy holidays with peace and love from all of us at The Guy Blume Group. Call us today at 510-846-4687.