Been thinking of buying a home? You’ll want the right team. You see, there are a lot of professionals involved in the homebuying process. And when these people can function as a team, the buyer is much more likely to end up where they want to be…in their new home. The lender is an integral […]
There are some very difficult decisions which can tend to arise when you’re a homeowner. Sometimes, those decisions are what can make or break the idea of renting vs buying. If you think about it, the idea of an asset which is worth hundreds of thousands of dollars can be slightly terrifying to some! Not […]
If you’ve thought about waiting until mortgage rates come down until your buy a home, you might not be making the best decision. Here’s a reason – if you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the […]
This topic makes me think of a record. Remember back in the day, watching records spin while you listened to your favorite music? The housing market, especially when it comes to affordability, almost makes me think of those spinning records. A question many of us are asked as realtors is “when is the market going […]
“It’s a fact that many households are impacted by higher mortgage rates as they no longer earn the qualifying income for the median-priced home.” Nadia Evangelou, NAR Economist. What this means is that the rapid rise in mortgage rates during 2022 is coupled with continued appreciation of home prices. This has limited the number of […]
There are four of the five factors which affect the sale of any home – which owners can actually control. Those are price, condition, terms and the agent you select. The one thing you definitely cannot control is the location of the home – but you do of course have the ability to adjust the […]
Normally, married couples own a home as joint tenant with rights of survivorship. When a spouse dies, the surviving spouse inherits the home and it does not trigger a taxable event. Unfortunately however, the capital gain exclusion is reduced to a single person’s share unless the survivor disposes of the property in the granted time. […]
If you’ve been searching for a home for a while, you’re probably well aware of this stat. Many buyers are getting frustrated and discouraged because there aren’t enough homes on the market. This is especially true with certain price ranges. And, when you do find something that you want, it seems like a war takes […]
So when exactly does the primary negotiation when purchasing a home take place? Quite simple actually, it takes place when the contract is signed and agreed upon – including the price, closing date and when possession will take place. One issue especially over the past year is inventory was down 19%, which made multiple offers […]
Ever seen something on sale on a website? Sometimes, shopping online can really get you some great deals! And, maybe you see that item, you’re interested, but there isn’t really that full sense of urgency. Maybe there are other things going on in your life and you just didn’t get back to that item for […]
