For the last 30 years, mortgage rates have been on a steady decline and mortgage assumptions have not been practical. Even if a seller today has a rate lower than the current rate, the new buyer has to qualify to assume the loan. Unfortunately, with conventional loans, the lender can increase the rate to the […]
Based on sales during the July to September period, the National Association of REALTORS® (NAR) says vacation home sales are up 44 percent year-over-year. Not only are they selling faster than last year but the number of units is up. Across the nation, 72 percent of existing vacation homes that closed in October were on […]
Many times, a sales contract on a home will include a provision that allows the buyer to have inspections done to discover any issues with the home not readily apparent or disclosed by the seller. A home inspector is one of many key professionals involved in real estate transactions. You must have a qualified individual […]
The first time you make a specific meal it is essential to have the recipe so hopefully it turns out just as you are expecting. By following the recipe, you know the ingredients and the preparation instructions can guide you through the process. When it comes to buying a home, it is basically like following […]
In this year of Jumanji Level 11, we have been hit with not only a pandemic but several orders to shelter in place and stay at home. Depending on how many people are in your family, your home now operates as a home office, a gym, a virtual classroom and your kitchen has prepared more […]
It is the fourth quarter of 2020 and we are in an “Up” real estate market. Selling a larger home and buying a smaller lower priced home that better meets your needs can be an advantage for you. Your advantage is that you can maximize your selling price and not be forced to reinvest all […]
Cutting prices or offering sales prices will generally bring people buying anything out of the woodwork that may have not been serious buyers before. In today’s market, renters can easily lower their monthly housing costs by half or more by buying a home with all the financial benefits that it brings. A renter’s mortgage payment […]
The bank’s or lender’s purpose for making loans is gaining clients who will repay them as a disadvantage they are not worried about tax deductions. This makes good business for the bank or lender, but how are you supposed to know? Most of us who own a home or those who are wanting to buy […]
Sellers should have their homes pre-approved before agents start showing their home just like you would pre-approve a buyer before they can start shopping. The reasons being to make sure the home appeals to the “right” buyers, to discover issues with the home before it goes on the market, improve its marketability, to increase the […]
The smart-home device market is rapidly growing. It may begin with a video doorbell, maybe lights and it often progresses to other devices like Alexa®. More and more homeowners are employing smart home technology in their homes. Forbes research expects it to grow from $55 billion in 2016 to $174 billion in 2025. When selling […]
