When selling your home, having a showing can be a very important step in attracting potential buyers. It opens your door, opens your home, and allows many potential buyers to get a true feel of what it would feel like if that home became their own. And, there are in fact different types of showings. […]
Purchasing a home, especially as a young person just entering the full-time workforce, might not seem like a wise decision. You’re just getting out on your own! However, it might be a very pivotal decision for your financial security and future retirement. Based on the shortage of rental units needed for the demand of the […]
Some homeowners decide to downsize – normally in their 60’s and 70’s – to smaller homes for reasons such as convenience, less maintenance, a change of lifestyle or even to just save money. Those homeowners are more likely to have large equities and don’t normally feel the same constraints as younger homeowners, including the substantial […]
A concession is a discount or incentive which is offered during a real estate transaction. Some sellers offer concessions to provide an incentive to encourage buyers to purchase their home. Concessions are paid for by the seller, as they benefit the buyer in ways that may be more appealing than possibly, being able to purchase […]
“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 […]
