HI,
Welcome to my Blog Post for the year 2023.
I wanted to say hello. 2023 has been a bit of a roller coaster for many people, including myself. Property owners sold their homes this year overall and did very well due to the market's hyper-low inventory of homes. Buyers who entered the market wanted to purchase a home in 2023, so they had to be resilient and stay the course until they got a break. 2024 is shaping up to be a year where the Fed may be looking to lower interest rates 3-4 times. If this happens, the mortgage interest rates will decrease even further than in the last three weeks.
From my research into several trade articles and blogs in real estate, I feel the mortgage rates will remain in the 6-6.5% range for 2024 compared to 8.25% -/+ roughly three weeks ago. The sooner Sellers and Buyers see this trend becoming the norm in the next 3-6 months, the sooner we will see more homes listed for sale, which should relieve buyers and their real estate agents. The families I usually work with are in a position where they don't want to sell because they want to keep the tremendously low interest rate they were able to get within the last three years.
I've always been strong on Facebook.com and Linkedin.com, with over 12K followers on my Facebook business and personal accounts and my Linkedin.com account. I never took advantage of Instagram and YouTube, which many buyers who purchase a home enjoy using. In the future, keep an eye out for new content from me with the help of Canva to help me design their templates and post great info-oriented videos.
Over the last 30 years, I have closed more than 500 transactions. From my experiences with those transactions, I will record a podcast to educate future customers about the trials and tribulations that my past clients lived through. This podcast will be informative and enjoyable; the listener can take something away from listening to it that makes them more confident and prepared to buy their next home.
With all the real estate market changes squeezing not just our customers but us as real estate agents, working together is essential to give each person a chance for representation. Someone asked me recently, what makes you happy? After 30 years of finding ways to make each transaction easy and less stressful for my clients, I still get the most joy. I often do many extra things and connect my clients with my team of trusted vendors, knowing they will be looked after and not taken advantage of. I love helping a client from one stage to the other and showing them it's possible to complete a sales transaction without drama.
I now have my Florida Real Estate license alongside my NJ Real Estate Broker / Salesperson license. My friends, co-workers, clients, and neighbors when I'm moving to FL. I am currently staying in NJ full time and working in NJ real estate full time. My wife and I did lease an apt in Boca Raton to see our youngest daughter every 5-6 weeks, which significantly helps. I have sales associates to partner with if a client is interested in FL. If any of my clients need my help in NJ restarted, I will give a full-time effort to all work in NJ, especially my past clients with whom I have an excellent relationship.
The best part of the new 2024 Real Estate Market we are going into is that it should be more stable than the last three years. With the market slowing, customers get more attention and focus on their needs now than they would have this time last year.
I am always available on my cell phone at 201-970-3960 or by email at [email protected].
Let's go into 2024 with our heads up and stay strong. It will be a good one, and I don't want to miss it!!
All the best,
Scott
