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The Mortgage Process: What You Need to Know [INFOGRAPHIC]

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

By | 2018-02-23T05:00:39+00:00 February 23rd, 2018|Buying Myths, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers|Comments Off on The Mortgage Process: What You Need to Know [INFOGRAPHIC]

Mortgage Rates on FIRE! Home Prices Up in Smoke?

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will [...]

By | 2018-02-22T05:00:10+00:00 February 22nd, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing|Comments Off on Mortgage Rates on FIRE! Home Prices Up in Smoke?

2 Ways to Get the Most Money from The Sale of Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens [...]

By | 2018-02-20T05:00:40+00:00 February 20th, 2018|For Sellers, FSBOs, Move-Up Buyers, Pricing, Selling Myths|Comments Off on 2 Ways to Get the Most Money from The Sale of Your Home

Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’ The 5 reasons you NEED a real estate professional in your corner haven’t changed but have rather been strengthened by the projections of higher mortgage interest rates & home prices [...]

By | 2018-02-19T05:00:33+00:00 February 19th, 2018|First Time Home Buyers, For Buyers, For Sellers, FSBOs, Move-Up Buyers|Comments Off on Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]

Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts home prices to appreciate by 4.3% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

By | 2018-02-16T05:00:01+00:00 February 16th, 2018|First Time Home Buyers, For Buyers, Infographics, Interest Rates, Millennials, Move-Up Buyers, Pricing|Comments Off on Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]

Calm Down! The Real Estate Market is NOT Falling Apart

There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in this hysteria. Does the concern about the current housing market have merit? Financial advisors have been warning us for months that the stock market was ripe for a “correction.” [...]

By | 2018-02-15T05:00:07+00:00 February 15th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers|Comments Off on Calm Down! The Real Estate Market is NOT Falling Apart

Low Inventory Pushes Home Prices Higher

According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation, “The number of homes for sale has remained very low. Job growth lowered the unemployment rate to 4.1 percent by year’s end, the lowest level in 17 years. Rising income and consumer confidence [...]

By | 2018-02-13T05:00:02+00:00 February 13th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on Low Inventory Pushes Home Prices Higher

The #1 Reason to Sell Now Before Spring

The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017: Putting your home on the market now instead of waiting for increased competition in the spring might [...]

By | 2018-02-12T05:00:45+00:00 February 12th, 2018|For Sellers, Move-Up Buyers|Comments Off on The #1 Reason to Sell Now Before Spring

5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]

Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both when making an offer or setting the right price for your home). One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood [...]

By | 2018-02-09T05:00:57+00:00 February 9th, 2018|First Time Home Buyers, For Buyers, For Sellers, FSBOs, Infographics, Move-Up Buyers|Comments Off on 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]

Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”

The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Street Journal gave these new homeownership numbers some context: “The annual increase marks a crucial turning point because it comes after the federal government reined in bubble-era policies that encouraged banks to ease lending standards to boost homeownership. [...]

By | 2018-02-08T05:00:48+00:00 February 8th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers|Comments Off on Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”