Veronica Dagher

speaker
3,082 appearances 51 recordings 1 series first heard Sep 2017 last heard Jan 2025

Veronica Dagher’s voice in public audio — every appearance, attributed to the second.

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And the rates on those loans have also increased. voice-verified
So you've got higher construction loan costs. voice-verified
You've got higher mortgage rates. voice-verified
You've also got high property taxes, higher property prices. voice-verified
All of these things are pressuring buyers' wallets, not to mention you still have inflation in other parts of your budget. voice-verified
Depending on what sector you work in, you may be worried about your job. voice-verified
So there's just so much pressure on buyers right now. voice-verified
So they're just not in the mood for any of this. voice-verified
So basically what's happening now is that if you're trying to sell a home, and this is true in many markets of the country, of course, there's exceptions. voice-verified
But in general, if you're selling a home that needs repair, it's going to sit on the market a bit longer than one that's already renovated, unless you do some work on it. voice-verified
Simple repairs can make your home more saleable. voice-verified
So, for example, if you refurbish the hardwood floors or you update the landscaping or you even do neutral colors to the paint like white or ivory, that can help sell your home faster. voice-verified
So renovated homes are selling pretty quickly still, especially in certain areas of the country like Miami or New York. voice-verified
Sometimes still seeing bidding wars for certain houses. voice-verified
If those houses have the charm and they're in good shape, you're probably going to have to pay more for those houses than ask. voice-verified
And so in that way, it's definitely tilted more towards a seller's market. voice-verified
What's interesting is that's not really slowing down. voice-verified
And the reason being is that a lot of existing homeowners are the ones doing the renovations still. voice-verified
And so you're renovating your house because you want to make that perfect home office or the gym or what have you to your house. voice-verified
And so the market for homeowner improvements and repair projects in the U.S., voice-verified
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