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One More Time… You Do Not Need 20% Down to Buy a Home

The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses. In combination with higher rents, survey after survey has shown that non-homeowners (renters and those living rent-free with family or friends) believe they need to save upwards of 20% for their down payment! According to the “Barriers to Accessing Homeownership” study commissioned in [...]

By |2019-02-05T05:00:21+00:00February 5th, 2019|Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers|Comments Off on One More Time… You Do Not Need 20% Down to Buy a Home

Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?

There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business explained in their article, “12 Practical Steps to Getting Rich”: “While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your [...]

By |2019-02-04T05:00:27+00:00February 4th, 2019|First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy|Comments Off on Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?

5 Reasons Homeowners Throw the Best Super Bowl Parties! [INFOGRAPHIC]

Highlights: Watching the big game at home with your friends & family offers many advantages. There’s more room to entertain a large crowd, and you don’t have to worry about complaints to your landlord if you cheer too loudly! The kitchen is big enough to make as many appetizers as you want, and if some of your guests are only there to watch the commercials, they can do so on a different TV in another room!

By |2019-02-01T05:00:37+00:00February 1st, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers|Comments Off on 5 Reasons Homeowners Throw the Best Super Bowl Parties! [INFOGRAPHIC]

Do You Know How Much Your Home Has Increased in Value?

Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed: “Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.” The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report. Since 2011 home values have increased significantly [...]

By |2019-01-31T05:00:46+00:00January 31st, 2019|For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on Do You Know How Much Your Home Has Increased in Value?

4 Proven Ways Real Estate Can Build Sizable Family Wealth

Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few: 1. Appreciation “The rising of home prices over time, is how the majority of wealth is built in real estate. This is the ‘home run’ you hear of when people make a large windfall of money. [...]

By |2019-01-30T05:00:38+00:00January 30th, 2019|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers|Comments Off on 4 Proven Ways Real Estate Can Build Sizable Family Wealth

Why It Makes No Sense to Wait for Spring to Sell

The price of any item (including residential real estate) is determined by the theory of ‘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. The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018: Putting your home on the market now, rather than waiting for increased competition in [...]

By |2019-01-28T05:00:21+00:00January 28th, 2019|For Sellers, Move-Up Buyers, Selling Myths|Comments Off on Why It Makes No Sense to Wait for Spring to Sell

Think You Should For Sale By Owner? Think Again! [INFOGRAPHIC]

Some Highlights: For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 36% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics! Before you decide to take on the challenges of [...]

By |2019-01-25T05:00:46+00:00January 25th, 2019|For Sellers, FSBOs, Infographics, Move-Up Buyers|Comments Off on Think You Should For Sale By Owner? Think Again! [INFOGRAPHIC]

3 Things You Need in a Shifting Real Estate Market

Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market? If you are either a buyer or seller (or both), you need to know what it will mean to your family if you go ahead with the move. You need to understand [...]

By |2019-01-24T05:00:47+00:00January 24th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on 3 Things You Need in a Shifting Real Estate Market

The Importance of Homeownership to the American Dream

For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made abundantly clear in two separate reports released earlier this month. In their market trends report, As Housing Trends Shift, [...]

By |2019-01-23T05:00:51+00:00January 23rd, 2019|First Time Home Buyers, For Buyers, Move-Up Buyers|Comments Off on The Importance of Homeownership to the American Dream

Do You Prefer the Charm of an Existing Home?

When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams? According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using [...]

By |2019-01-22T05:00:52+00:00January 22nd, 2019|For Buyers, For Sellers, Move-Up Buyers, New Construction|Comments Off on Do You Prefer the Charm of an Existing Home?