Quarterly: How to Keep Up With The Housing Market
Every quarter, we try to give you tips on how to keep up with the housing market, plus let you know what’s happening locally AND give you insight into gorgeous properties for sale in our area. Our goal is to try to make you feel as prepared as possible so that you’re ready for whatever.
When it’s time to buy or sell, here are some tips to help you navigate the real estate market with confidence.
Tips For How To Keep Up With The Housing Market
Keep up with the housing market with some simple tips that will help you make smart decisions when it comes to real estate. Though Montana is a non-disclosure state, we’ll try to help you navigate through current trends and the current state of the market.
Build A Relationship With Your Local Agent
The best way to stay up to date with what is happening with the market is to partner up with your local real estate agent and ask them what they think. They can tell you what types of properties are most popular, what price points are selling quickly, and what the trends are.
They can help you set realistic expectations, and give you their expert opinion. Remember that your agent likely spends all day every day studying real estate, so they should have a pretty clear idea of what is happening.
Don’t Always Trust Zestimates
Though Zestimates on Zillow can often be beneficial to learn what houses are going for in your area, they aren’t always accurate. Specifically, in the state of Montana, where the final sale records for local housing is not disclosed to the public, the prices listed on Zestimate are definitely not reliable.
However, these types of apps and websites can give you a sense of what is hot and cold in your area and give you a general sense of what you might be able to list your house at. We caution you to not let this be your end all be all though, and contact your agent to get your home appraised or get you started on the home buying process.
Check In With Title Companies
Your local title companies are consistently producing data reports that are full of detailed information that can help you keep up with the housing markets. Local brokers use this same information to develop their market reports and listing presentations.
Having a title company on your side could give you a leg up on what is happening in your area.
Browse Through Listings
There are so many different listing platforms, and they can give you the most accurate information on what is pending, currently active, or sold. They can also give you an idea of what is selling, whether it’s a kitchen remodel that is sealing the deal for buyers, or whether it purely has to do with the neighborhood.
Driving through the area can give you a sense of what the market is doing as well. Is there a lot of remodels and renovations? Are new neighborhoods under construction? These things could indicate that the market is doing well, and people are confidence homes will sell.
Have Your Ducks In A Row
If you want to keep up with the housing market and be ready for whatever it may do, the best thing you can do is to stay prepared. If you’re selling, make sure your home is ready to go. Keep it clean, make as many updates as you can, and keep up the curb appeal.
If you’re looking to buy, make sure you get pre-approved for a loan, you have a decent down payment saved, and you have realistic expectations for the type of home you want. Try to narrow down your preferences, and start talking to a real estate agent who can make the entire process easier.
Three Gorgeous Properties On The Market Right Now
There are some amazing properties on the market right now. At the time this article was published, these homes were some of our featured listings.
Located in Park City, just a stone’s throw away from the Yellowstone River, this stunning home is move in ready. Obviously well taken care of, this property features 4 bedrooms, 2 full baths and one partial, and nearly 3,000 square feet of living space. With just over an acre of land with a gorgeous landscaping and a fenced in yard and a covered patio, this home is well worth a visit!
With a unique aesthetic, this home in Columbus, MT is custom designed and located in a secluded mountain area. Features are contemporary and beautiful, has nearly 2,000 square feet, and comes with over 20 acres of land. 2 bedrooms, 2 and a quarter bathrooms, a gorgeous kitchen, and an oversized 2 car garage makes this unique home something that dreams are made of.
You’ve never known Montana living like this. Nearly 22 acres of fantastic views, 3 bedrooms, 2 bathrooms, plus 2 bonus rooms to do with as you please. Just like a postcard, this home is a piece of paradise and is full of Montana charm. This gorgeous property feels like a ski lodge and has all the space you need to live your life to the fullest. A cozy wood stove, large 2 car garage, fishing access close by, and in a great location, this home is a dream you don’t want to miss out on.
Now you have all the tips you need to keep up with the housing market this year. Whether you are looking for when the right time to sell is, or are dealing with the challenges of buying, the best way to take advantage of current trends is to partner with a seasoned real estate agent. Though you are always welcome and encouraged to do your own research, it pays to have someone on your side to make an informed decision, regardless of whether you’re an investor or a first time home buyer.
We would love to help answer any questions you may have! Reach out to us today and let us help you with your real estate journey.