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If you’ve been thinking about selling your Mammoth Lakes property and hesitating or simply waiting, you may want to start thinking about how you’ll feel if you miss out on the best time to sell your house in a long time. You never know when (or if) conditions will be like this in the real estate market again.

It’s been a sellers’ market for quite some time now, and with rates going up significantly and home prices still historically high, there’s a lot of chatter about whether or not there’s a real estate “bubble” that’s about to pop. In particular, The Federal Reserve Bank of Dallas recently warned about the potential of a housing bubble and how buyers’ “fear of missing out” (FOMO) is making it worse.

On the other hand, a recent survey revealed that home buyers are still hopeful and feel that it will still be a good time to buy a home in the next three months.

That’s despite the fact that even though there have been signs and reports about the market slowing, according to this Realtor Magazine article, as of March sellers have still been:

  • Receiving an average of 5 offers on their home
  • Selling for above list price over 57% of the time
  • And 87% of listing sold in less than a month

Much of that may very well be fueled by buyers’ FOMO, but it can’t and won’t last forever. That’s how the real estate market works—it goes up, then it goes down, and then back up again in cycles. So even if you “miss out” on this moment in history, there will certainly be a time when home values are this high, or even higher.

But will there be such a combination of high values, low inventory, historically low rates, and high demand? And when will it happen? How will you feel if you “miss out” now?

Those are questions you need to ask yourself if you’ve been toying with the idea of selling your house.

The Takeaway:

Don’t be fueled by fear of missing out, but definitely think about how it would affect you if you did, because the market’s still in your favor…for now at least. If you’re going to sell in the next few years, now is as good a time as any to take advantage of the fact that buyers are still hopeful, offers are plentiful and over asking price, and homes are selling quickly.

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We have all had one of "those" neighbors, right? I can help.

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If Your Property Needs Major Updating or Repairs, Now Might Be the Perfect Time to Sell It...

More info in my blog, link in bio...

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This weekend is the Flash Fox Trailfest. Mammoth is always coming up with new events and experiences like this. It's so wonderful to live here and be a part of all the fun things going on locally.

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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Summer flights are here!

Fly with Advanced Airlines from Hawthorne (HHR) or Carlsbad (CLD) directly into Mammoth Lakes this summer between June 16 and September 12, 2022. United Airlines is offering flights into the Eastern Sierra Regional Airport in Bishop (BIH) this summer. Fy June 24 through September 5, via San Francisco daily except Saturdays.

See you in the mountains!

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
#sonjasellsmammoth #mammothcondos #mammothrealestate
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The lakes basin is one of my favorite places to hike. There are so many hidden gems and places to see back there and always a new adventure to find for yourself and your hiking partner (John of course!)

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Not ONE but TWO OPEN HOUSES
Thursday, June 23
9 AM - 11 AM

For full listing details: LINK IN BIO
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That is one way to get out of paying taxes! Crazy!

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
#sonjasellsmammoth #mammothcondos #mammothrealestate
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The brain of a Realtor® never stops, trust me!

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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In a seller's market, making a cash offer will help you compete against other buyers with a mortgage contingency in a bidding war, but it's not a license to make a low offer. If other buyers make a higher offer and are pre-approved for a mortgage, a seller could easily chose to take the calculated risk for more money.

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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#destinationmammoth #destinationrealestate #mammothmountain #monocounty #mammothhomes #monocountytourism #monocountyrealestate #realestatetips #realestatetipsandtricks
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They say things happen for a reason and that is absolutely true with this sale. My buyer clients were disappointed when they missed out in a multiple offer situation earlier this year. I believe it happened for a reason -- this condo is PERFECT for them! Thanks to Mickey Brown and Sierra Escrow or a smooth transaction!

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
#sonjasellsmammoth #mammothcondos #mammothrealestate
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My dad died in a car accident when I was 18 years old. He was a man of few words but during those 18 years (especially my high school years🤣) he provided plenty of advice. There was an entire "experiment" he watched me perform. I will spare you the details but the lesson was "we are all replaceable." Sounds harsh but it is true and has kept me on my toes and always doing my best -- nothing is guaranteed.

Anxious to hear the best advice you have received from your dad (or dad figure in your life).

Yes....that's me and my dad❣
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So many activities happening in Mammoth Lakes this summer it's almost impossible to run out of things to do. Mammoth Motocross is this week and its WILD!

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife #motocross
#sonjasellsmammoth #mammothcondos #mammothrealestate
#destinationmammoth #destinationrealestate #mammothmountain #monocounty #trailrun #nature #summerfun
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11 1

Just listed! 50 Hillside #201 at the Westin. Check it out!

Link in Bio...

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What will we think of next?! I still don't totally understand the "metaverse" let alone buy real estate there!

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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Today starts the Mammoth Yoga Festival! June 16th-19th enjoy the stunning beauty of CA's High Sierra with health & wellness, yoga and meditation.

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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Homeowners Should Have Some “Fear of Missing Out” on this market. Check out my blog post all about it...

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
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If your parents (or another close relative) are giving you money to use toward a down payment on a house, make sure to get a "gift letter" signed by them stating that it's a gift, and not a loan to be repaid. It's also a good idea to have the money in your account months ahead of applying for your mortgage so that the money is "seasoned" in your account.

#mammothlakes #californialife #sierra #easternsierra #mammothlife #vacationliving #mammothlifestyle #dailylife
#sonjasellsmammoth #mammothcondos #mammothrealestate
#destinationmammoth #destinationrealestate #mammothmountain #monocounty #mammothhomes #monocountytourism #monocountyrealestate #realestatetips #realestatetipsandtricks
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Is this a perfect day to go out on the lake or what? Which lake? Have your pick!

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