According to leading analysts in the industry, the housing market is showing signs of cooling. While housing prices are still higher than two years ago, demand is beginning to wane, and sellers are beginning to reduce their prices, which could be signs of relief for weary buyers. Here are the latest market predictions from the pros: Price Appreciation and Mortgage Rates “Homes are still...
There are quite a few costly myths surrounding home buying, some of which can easily confuse first-time buyers. Don't be fooled by these common misconceptions before you begin house hunting. To help you navigate this complex process, I've decided to debunk some common home buying myths so you can find a home the right way. You Need A 20% Down Payment Large down payments are no longer the only...
The newest figures from Redfin.com show that the typical home buyer could save more money per month with an adjustable-rate mortgage over a 30-year fixed-rate mortgage. While the interest rates may be lower for an adjustable-rate mortgage (ARM), they are guaranteed to change! The current interest hikes for fixed-rate mortgages have put several would-be buyers out of the game due to unaffordable monthly...
Getting multiple offers on your home can be exciting, and there's a good chance you'll get more than one offer if you list your house in today’s market. There are more factors to consider with multiple offers than the money being offered. It is essential to pay attention to all parts of each offer. Things to be aware of include contingencies, the ability to pay close, and how much money the buyer puts...
Obtaining funding for the purchase of a new home can feel complicated and overwhelming when you're unfamiliar with the process. There are people out there who can help, and it’s essential to know who to contact and how they can best help you. Understanding the roles of mortgage brokers, lenders, and loan officers before starting the pre-approval and mortgage lending process will be beneficial in the...
Most homeowners have a list of things they’d like to change in their homes. Throw in a few episodes of HGTV, and the list continues to grow! The most common reason homeowners don’t act upon their wish list of renovations is the cost of a professional contractor. Professional contractors can be pricey, which leads to the most common reason homeowners tackle renovation projects on...
From the grocery store to the gas station, I know we’ve all felt the pressure of price increases lately. When expenses out of your control begin to rise, it’s a good time to review the expenses you can control and reduce where you’re spending money. You have to control your money so that it doesn’t end up controlling you. Here are a few ways to stretch your household budget. Track Your Spending...
Now that the market is springing into action, I want to address the most common questions, and concerns buyers typically have. Efficiency and accuracy are critical! Time is still of the essence in this market, so the more you know going in - the better prepared you will be! WHAT DOES A REALTOR® DO? A REALTOR® will educate and inform you of all your options and provide all the information you need to...
Investors are buying up a lot of the real estate market, and it’s hurting homebuyers. CoreLogic found that investors made up 27% of all single-family home purchases in the first three quarters of 2021. Investors offer all-cash offers more often than other buyer segments, which is attractive to sellers because it means a fast closing and fewer issues with purchasing the house. When inventory is as low as...
The spring real estate market typically begins showing a lot of activity in the warmer weather, making it an excellent time to sell your home for multiple reasons: Better weather usually brings out more homebuyers More daylight and spring curb appeal will help homes show betterBuyers have extra cash from tax refunds Buyers often want to get settled into a new home during summer when their...