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Ameil Gill | Blog

Wednesday, February 14, 2024   /   by Ameil Gill

5 THINGS I WOULD WANT TO KNOW IF I WAS BUYING A HOME IN THIS MARKET

5 THINGS I WOULD WANT TO KNOW IF I WAS BUYING A HOME IN THIS MARKET

Embarking on the house-hunting journey in today’s market can be both exciting… and challenging. Sellers continue to hold an advantage in many areas due to the lack of inventory, and the higher interest rates are here to stay.

If you’re considering buying a home in 2024, here’s what’s happening out there and how to prepare:

 

1.Hire a good real estate agent

A good agent is every buyer’s secret weapon, especially in a competitive landscape.

Your agent is not just there to help you find a home — they are also there to educate you on the home buying process and current market conditions, negotiate on your behalf, guide you throughout the transaction so that you stick to deadlines, recommend trustworthy lenders and inspectors, and ensure you are protected throughout the entire process (just to name a few).

2.Stop following the advice of headlines in t! ...

Tuesday, February 13, 2024   /   by Ameil Gill

5 REASONS YOU SHOULD LIST YOUR HOME WITH ME

5 REASONS YOU SHOULD LIST YOUR HOME WITH ME

Tossing around the idea of selling this spring? In our current (shifting) market, it’s critical that you work with someone who is qualified, equipped, and aggressive enough to get you the best possible price and terms while also making the experience as enjoyable and stress-free as possible.

I understand that every client’s needs are unique, and I strive to provide a personalized service that caters to those needs. When you list your home with me, you are not only getting exceptional service from start to finish, but you’re also getting a trusted advisor for life. When it comes to selling your biggest asset, you can’t just trust anyone.

Here is just a glimpse of what you can expect when you list your home with me:

1.Personalized Marketing Strategy

I’ll put together and execute a unique marketing plan tailored to your home in order to maximize its exposure and attract the most potential buyers.

F. ...

Monday, February 12, 2024   /   by Ameil Gill

MARKET INSIGHTS EVERY SELLER SHOULD KNOW ABOUT

MARKET INSIGHTS EVERY SELLER SHOULD KNOW ABOUT

Over the past year, the real estate market has undergone a noticeable shift, marked by record-high interest rates and rising inflation, which has resulted in affordability challenges for home buyers.

Consequently, it’s become evident that buyers are being far more deliberate and picky in their home buying decisions compared to previous years.

So, if you’re considering selling this year, it’s crucial to gain a clear understanding of the current market dynamics in order to position yourself for a successful sale.

Here are 3 market insights every seller should know about:

 

1.Home staging, prep, and presentation are crucial.

With the highest interest rates in decades, buyers are more price-conscious (and therefore pickier) than ever. Buyers are significantly stretching their budgets and, therefore, aren’t willing to compromise on their non-negotiables.

2.Your home might not s. ...

Saturday, February 10, 2024   /   by Ameil Gill

WHAT I DO AS A BUYER’S AGENT TO PROTECT YOU

WHAT I DO AS A BUYER’S AGENT TO PROTECT YOU

Purchasing a home can be an exciting yet complex process, which is why having a knowledgeable real estate agent by your side can reduce stress, save you money, and elevate your whole buying experience.

Your home purchase is more than a transaction; it’s a pivotal moment in your life, and as your agent, I am here to protect and guide you throughout your homebuying journey.

Here are just a few of the ways that having an agent by your side can safeguard you during the homebuying process:

 Expert Guidance: I help you navigate the complexities of the market and find homes (both on and off the market) that meet your needs and budget.

 Market Insight: I have in-depth market knowledge and experience to educate you on the current market conditions and ensure that you are always informed about what is happening in the market.

 Negotiation Skills: I advocate for your best interests and negotiat. ...

Friday, February 9, 2024   /   by Ameil Gill

WONDERING HOW MUCH YOU CAN AFFORD?

WONDERING HOW MUCH YOU CAN AFFORD?

Wondering if you’re financially ready to buy a house? A home is likely the largest purchase you will ever make, so it’s important that you feel confident about how much you can afford before you start looking at homes.

The first step in the homebuying journey is to get pre-approved, but in case you’re not quite ready to speak with a lender just yet, I’ve outlined a few guidelines that can act as a starting point for answering the question: “Can I afford to buy a house right now?”:

Let’s review the 28/36 “rule”

HOUSING EXPENSE RATIO (28) —

This rule suggests that your total monthly housing expenses (mortgage, property taxes, homeowner’s insurance, HOA fee, etc.) should not exceed 28% of your gross monthly income.

DEBT-TO-INCOME RATIO (36) —

This rule suggests that your TOTAL debt payments, including your housing expe! ...