Team Fosgate
Trusted News From The Experts

Chris Fosgate Chris Fosgate

Why a Pre-Listing Inspection May Be Worth It in Today’s Market

Considering a pre-listing inspection can be strategic for home sellers, helping identify potential issues early and enhancing market appeal. This proactive step, discussed with an agent, ensures a smoother sale process by addressing problems before they become deal-breakers.

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Chris Fosgate Chris Fosgate

More Buyers Are Making Moves — Is It Time To Sell?

With an uptick in mortgage applications and buyer demand, now might be the ideal time to sell your home. Data indicates rising buyer activity, making it a promising moment for sellers to capitalize on increased interest and potential offers. As the market stabilizes and we approach the peak real estate season, connecting with a knowledgeable agent could position your property advantageously in this dynamic market.

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Chris Fosgate Chris Fosgate

Is a Newly Built Home Right for You? The Pros and Cons

Newly built homes offer numerous advantages including customization options, lower maintenance costs, and energy-efficient features, making them an appealing choice amid today’s market conditions. However, potential buyers should consider longer wait times and possible price fluctuations due to economic factors. Engaging with a knowledgeable real estate agent can help navigate these aspects to make an informed decision.

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Chris Fosgate Chris Fosgate

Understanding Home Sales and Taxes: Do You Need to Report Yours?

Selling your home? You may exclude up to $250K ($500K for married couples) from taxes if you meet the residency rule. If you receive Form 1099-S, you must report the sale, even if no tax is owed. No form? Reporting is optional but can help avoid IRS scrutiny. If required, use IRS Form 8949 and Schedule D. Unsure? Consult a tax pro to ensure compliance.

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Chris Fosgate Chris Fosgate

Is It Better To Rent or Buy a Home Today?

A study shows that 70% of prospective buyers fear the long-term consequences of renting. And here’s why. Rent usually rises over time and that can make it harder to save up to buy a home. But when you buy, you can stabilize your housing expenses and grow your net worth as home values rise. While renting may be the less expensive option in some markets, it can’t match the long-term benefits of homeownership. What’s your #1 reason for wanting to buy?

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Chris Fosgate Chris Fosgate

Do You Know How Much Your Home Is Worth?

With national home values soaring by nearly 60% in five years, understanding your home's worth is crucial. Learn how market trends and expert insights offer a precise home valuation, empowering informed selling decisions in a booming market.

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Chris Fosgate Chris Fosgate

Is an Accessory Dwelling Unit Right for You? Here’s What To Know

Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market.

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Chris Fosgate Chris Fosgate

Are Investors Actually Buying Up All the Homes?

It's a common belief that large institutional investors are dominating the home buying market, but data shows this isn't the case. Most real estate investors are small-scale, owning just a few properties. Additionally, institutional investor purchases have significantly declined; they constituted only 0.3% of home sales by Q3 2024, down from 2.4% at their peak in Q2 2022. This reduction is mainly due to less favorable market conditions like higher mortgage rates and home prices. Understanding that big investors are less active could reassure potential homebuyers about their chances in the current market.

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Chris Fosgate Chris Fosgate

How To Buy a Home Without Waiting for Lower Rates

Mortgage rates are expected to stay around 6.5-7%. Don't wait for a significant drop; consider alternatives:

  1. Mortgage Buydowns - Pay upfront to lower rates temporarily, popular with first-timers.

  2. Adjustable-Rate Mortgages (ARMs) - Start with lower rates; safer post-2008 with better borrower qualifications.

  3. Assumable Mortgages - Take over the seller's lower rate loan; over 11 million homes qualify.

Discuss these with a lender to find what suits you. How does this influence your homebuying plans?

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Chris Fosgate Chris Fosgate

Should I Update My House Before I Sell It?

With more homes for sale and buyers being more selective, it’s smart to make strategic updates.​ But how do you decide what’s worth doing? ​You lean on an agent. An agent will be able to tell you what buyers want, quick wins that’ll have a big impact, and what projects have the best ROI. What projects are on your to-do list before selling? With only a month left before spring, let’s connect so you know what’s worth the time and effort.

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Chris Fosgate Chris Fosgate

Seller Concessions: A Smart Strategy To Get Your House Sold

With market balance, concessions like covering closing costs, price adjustments, or home warranties are increasing, with 24% of sellers in 2024 offering them. These reduce profit at closing, not additional costs, and might include leaving items. They facilitate deals by addressing buyer issues. An agent's guidance is key for negotiation. What concession would you consider?

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Chris Fosgate Chris Fosgate

The Return to Urban Living — Why More People Are Moving Back to Cities

Urban living is on the rise with 16% of people moving to cities, the highest in a decade. Key reasons include: 1) Vibrant Culture - cities offer cultural hubs with endless activities. 2) Proximity to Work - hybrid work models make commuting easier. 3) Convenience - easy access to transport, healthcare, etc. If you own a suburban home, selling it can provide equity for a city move, despite smaller spaces. What's your favorite city aspect? Let's find you an urban home.

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Chris Fosgate Chris Fosgate

Buying a Home May Help Shield You from Inflation

Buying a home can serve as a defense against inflation because a fixed-rate mortgage keeps your housing costs stable, unlike rent which typically increases faster than inflation. Additionally, home values generally appreciate at a rate above inflation, boosting your wealth. This stability in payments and potential appreciation make homeownership a strategic move during inflationary times, offering both budget predictability and long-term financial growth.

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Chris Fosgate Chris Fosgate

Are You Asking Yourself These Questions About Selling Your House?

Common concerns for sellers include timing, finding a suitable new home, and buyer interest. Home values are up, providing funds for moving despite rates. Inventory has increased by 25%, improving options. Despite conditions, 4.24 million homes sold last year, showing ongoing demand. Discuss with an agent for clarity on your move. What's your biggest concern?

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Chris Fosgate Chris Fosgate

Why You’ll Love Owning a Home

Owning a home comes with many benefits, both non-financial and financial. From the sense of accomplishment and freedom of expression, to growing your net worth, it’s easy to fall in love with homeownership. What’s the top reason you’d love to own a home? Let me know and we’ll come up with a plan that makes it possible.

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Chris Fosgate Chris Fosgate

The Secret To Selling This Spring: Start the Prep Work Now

Spring is prime time for selling homes due to high buyer activity. Start prepping now, about a month before spring, as the market has more listings, and buyers are choosy. Common projects include replacing water heaters, HVAC, and flooring, focusing on energy efficiency. Prioritize repairs wisely; focus on high ROI projects like roofing or flooring. Consult with a local real estate agent to ensure you're making cost-effective upgrades that appeal to buyers. Let's connect to prioritize your to-do list for the best outcome.

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Chris Fosgate Chris Fosgate

Breaking Into the Market: Smart Moves for First-Time Buyers

Consider your first home as a stepping stone to build equity, not your forever home. Expand your search to find affordable options by looking in surrounding areas or states. A real estate agent can help find cost-effective local options or hidden gems in nearby communities, allowing you to start building equity and setting up for future moves.

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Chris Fosgate Chris Fosgate

A Record Percent of Buyers Are Planning To Move in 2025 – Are You?

According to a NerdWallet survey, a record 15% of people plan to buy a home this year, up from 9-11% since 2020, indicating pent-up demand. While not a flood, this suggests increased market activity. Many buyers have started their search online, likely peaking this spring. With the right preparation, pricing, and marketing, your house can be prominently featured to these buyers.

What do you think these buyers will love most about your house? Let’s talk it over and make sure it’s front and center in your listing.

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Chris Fosgate Chris Fosgate

Home Price Growth Is Moderating – Here’s Why That’s Good for You

The rapid increase in home prices over recent years has slowed to a more moderate pace, with a national year-over-year increase of just 3.8% in November. This normalization allows for a more predictable buying environment, reducing the shock of price jumps and making ownership more reachable. Prices vary by location; some areas in the Midwest see demand, while others are cooling. Understanding your local market with a real estate agent is key. This steady growth still promises future equity increases.

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Chris Fosgate Chris Fosgate

Why Buying a Home Now Is Your Winning Play

You may be sitting on the sidelines wondering if it’s better to buy now or wait. But buying before the spring rush may be a game-changing decision. Moving this winter can give you significant advantages, like less competition, more negotiating power, and lower prices. If you’re able to buy now, stay ahead of the game and outrun the competition. To tackle your homebuying plans this year, let’s connect.

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