We’re just going to start this off with an assumption. Let’s assume that you have owned your home for several years. Because you’ve had it for so long, it’s increased in value, not to mention the unpaid balance is considerably less than you originally borrowed. To put all that into easier terms – you have equity […]
Category Archives: Housing Market
How To Know If You’re Eligible For Cash-Out Refinance
It isn’t much of a secret that home appreciation has quite dramatically increased over the past two years. With that increase, most homeowners have equity. Quite often, a common way to release part of that equity is a cash-out refinance, however not all homeowners are currently eligible. First off – what is it? A cash-out […]
Multiple Offers: Are There Drawbacks?
Is it possible to receive multiple offers? Based on our current competition, yes, it is definitely possible to receive multiple offers. Multiple offers means two or more parties may be trying to buy your home at the same time. Because of the increased competition currently, they may increase the purchase price, remove unnecessary contingencies and […]
Trial and Error: Don’t Make These Common Mistakes
When it comes to selling your home, trial and error can sometimes (if not many times) be a factor. When a home sale is most successful, the process maximizes the seller’s proceeds in the shortest amount of time possible with the least amount of inconveniences. And, as all of us know, inconveniences happen. So, here […]
Homeownership – The Facts
Choosing The Right Agent In A Seller’s Market
It’s unfortunately not much of a secret that the housing market is experiencing some very low inventory. But, even though inventory is low, sellers are choosing to seek out a real estate professional to sell their home, instead of doing it themselves. It really may be more important than ever to take that risk of […]
Sad Stories Really Do Say So Much
Just about any real estate agent will tell you a quite similar sad story. One that pretty much goes like the following: The seller’s home just hit the market, they received an offer which was less than the list price, and then felt secure enough to counter for a higher amount. For whatever reason, the […]
What It Can Cost You If You Do Nothing
Many times, it’s been said that more and more money has been lost due to indecisions than was ever lost due to making the wrong decision. In many cases, the larger the decision, more than likely procrastination is going to come into play and allow the act of doing nothing to simply cost something. When […]
There is a New Normal
A famous warning, “Beware the Ides of March” was issued by the soothsayer in Shakespeare’s Julius Caesar play. And once again in March of 2020 the world as we knew it changed dramatically from exposure to the Coronavirus pandemic. For the United States, it brought our flourishing economy to a screaming halt as workers were […]
Thoughts on the Recovery from REALTORS
NAR or the National Association of REALTORS® surveyed a random sampling of their membership on June 24-26, 2020, and put it into a report titled Market Recovery Survey. They sampled close to 100,000 of their members. The statements presented below are their members’ opinions on different aspects of the recovery to the COVID-19 pandemic as […]