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Is Your House Priced To Sell Immediately (PTSI)?

In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will be 4.6% higher. [...]

By |2019-03-21T04:00:01-06:00March 21st, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing|Comments Off on Is Your House Priced To Sell Immediately (PTSI)?

Do 46 Million Millennials Know They Are Mortgage Ready?

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they do not still aspire to achieve those things. History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the [...]

By |2019-03-20T04:00:49-06:00March 20th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers|Comments Off on Do 46 Million Millennials Know They Are Mortgage Ready?

What Credit Score Do You Need To Buy A House?

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown according to Experian: 16% Very Poor (300-579) 18% Fair (580-669) 21% Good (670-739) 25% Very Good (740-799) 20% Exceptional (800-850) Randy Hopper, Senior Vice President of Mortgage Lending [...]

By |2019-03-19T04:00:30-06:00March 19th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on What Credit Score Do You Need To Buy A House?

Want To Increase Your Family’s Wealth? Here’s How!

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your [...]

By |2019-03-18T04:00:13-06:00March 18th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing|Comments Off on Want To Increase Your Family’s Wealth? Here’s How!

Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you to start earning equity today!

By |2019-03-15T04:00:21-06:00March 15th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers|Comments Off on Don’t Let Your Luck Run Out! Buy A Home This Spring [INFOGRAPHIC]

Homeownership is a Cornerstone of the American Dream

“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years. That led to speculation that homeownership was no longer seen as a major component of the American Dream. That belief became so widespread that the term “renters’ society” began to be used [...]

By |2019-03-14T04:00:33-06:00March 14th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy|Comments Off on Homeownership is a Cornerstone of the American Dream

7 Things To Avoid After Applying for a Mortgage!

Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your decision will impact your home loan. Below is a list of 7 Things You Shouldn’t Do After Applying for a Mortgage! Some may seem obvious, but some may not! 1. [...]

By |2019-03-13T04:00:14-06:00March 13th, 2019|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers|Comments Off on 7 Things To Avoid After Applying for a Mortgage!

What’s Going On with Bidding Wars?

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home. According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home. In some areas [...]

By |2019-03-12T04:00:49-06:00March 12th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing|Comments Off on What’s Going On with Bidding Wars?

4 Reasons to Buy a Home in the Spring

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are [...]

By |2019-03-11T04:00:14-06:00March 11th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing|Comments Off on 4 Reasons to Buy a Home in the Spring

Preparing to Spring Forward [INFOGRAPHIC]

Some Highlights: In the majority of the country, this weekend marks the start of Daylight Savings Time as we set our clocks forward an hour on Sunday at 2:00 AM EST. Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition! Spring brings two things: more buyers & more sellers! Get prepared now to stand out in the crowd!

By |2019-03-08T05:00:45-06:00March 8th, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers|Comments Off on Preparing to Spring Forward [INFOGRAPHIC]