More people are looking to put their homes on the market as internet searches for selling a house have shot up.
Searches online for “sell my house” have soared in the United States, rising 147% as of July, according to an analysis of Google Trends by luxury home brands Ruby Homes.
“The analysis reveals that searches for ‘sell my house’ exploded to over double the average volume within the past month, an unprecedented increase in Americans looking to sell their property, according to Google search data analysis. The data also reveals that searches for ‘sell my house for cash’ is also at an all time high,” the report said.
More people are looking to put their homes on the market as search queries online for selling a house have shot up.
South Florida real estate agents say more potential sellers are coming forward as the buyer frenzy of six months ago continues to ease. Mortgage rates are almost double what they were a year ago, and rising housing costs have put added pressure on affordability.
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“We have been inundated with seller calls. They know that things have shifted so they want to know how much their house is going to sell for and if they can get what their neighbor got three months ago,” said Patty Da Silva, broker with Green Realty Properties in Cooper City, Fla., noting they’ve had a 25-30% increase in such calls.
It’s also reflected in the amount of new homes headed to the market. According to numbers from Whitney Dutton with the Dutton Group in Fort Lauderdale, there’s been about 36% increase in the number of single-family homes coming on the market per week in Fort Lauderdale in August when compared to the year before.
Some of these sellers are buyers themselves, who feel comfortable listing their current home because they think that they have more inventory to choose from and power in the market.
“Let’s say you missed 5% of the market by selling now as opposed to six months ago. If you are going to repurchase, you are going to get that same benefit on the other side, “Dutton said. “Sellers that are investors definitely feel that they have missed 5 or 10% of the market because the multiple offer situation isn’t like it was a year ago.”
A seller can still get good offers on a home, but buyers are no longer willing to waive inspections or appraisals, which was unheard of almost six months ago.
“There is a palpable shift in the market, where buyers are feeling more empowered,” added Da Silva.
Your everyday toolkit: Keep these items on hand for home repairs
Basic toolbox
Keep a box with these essential basics: tape measure, claw hammer, utility knife, level, crescent wrenches, hex keys, a handsaw, pliers, multiple screwdrivers and a collection of screws and nails.
Try to keep it organized and easily accessible; it’s very easy for a tool box to dissolve into chaos if you don’t keep things in proper order. You’ll thank yourself later on when you need to find a particular screwdriver for a task.
Fire extinguisher
Every home should have at least one fire extinguisher per floor. If you have only one, make sure it’s near the kitchen, where most home fires start.
Look for an ABC-rated unit that will extinguish all fire types.
Teach everyone in the home where it is and how to use it. While you’re at it, make sure your family has a plan to escape in the event of fire, and practice it.
Drill and drill bits
A battery-powered drill and driver is an essential home tool. Add a selection of drill bits in many sizes to be ready for whatever you need.
The standard 12-volt cordless drill you can find at many big-box stores should provide more than enough juice for most home purposes.
Emergency supply kit
The Federal Emergency Management Agency recommends keeping an easily accessible kit with these items for emergencies: three days of food for every person in the house, 1 gallon of water per day per person, first-aid kit, flashlight, weather radio, basic tools, dust masks, plastic sheets, garbage bags, can opener, medicine, hygiene products and cellphone charger.
You can find more details from FEMA at Ready.gov/kit.
Stepladder/step stool
A must-have for many household needs. Many injuries take place due to people using chairs or other inappropriate stand-ins for a ladder.
Remember to practice ladder safety: Never go beyond its recommended top step, don’t try to reach just a few inches more, and have a buddy hold and stabilize the ladder for you.
Safety equipment
Keep plastic gloves, leather gloves, dust masks, ear protection and eye protection on hand. You never know when a job might call for them. It’s wise to use protection during a wide variety of tasks — a mishap during yard work or while using a drill can lead to an eye injury. You can usually find safety kits that will include all the basics you need.
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