Posts Tagged ‘home buying’
Where Are Interest Rates Headed in 2019?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic…
Read MoreWhat to Negotiate When Buying a House
Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying a home? Closing costs. Your closing costs are determined…
Read MoreWhy Has Housing Supply Increased as Sales Have Slowed Down?
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this point, the exact opposite…
Read More5 Tips When Buying a Newly Constructed Home
The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering…
Read More5 NEGOTIATING TACTICS THAT KILL A SALE
Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a deal pretty quickly. Here are some negotiation tactics buyers (and real estate professionals) should avoid: Lowball offers:Going far below market value when…
Read MoreIs the Real Estate Market Finally Getting Back to Normal
The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to…
Read MoreTAKE 5: HOT HOME TRENDS
Ready to mix up your home décor this year? Here are the top five hottest trends homeowners are loving right now! Industrial stylings. From pullies to Edison bulbs to vintage furniture to bare concrete installations, industrial pieces are a favorite among homeowners. Whether they are mixed in among modern décor or used as the theme of…
Read MoreWHY YOU NEED TO WORK WITH A BUYER’S AGENT
The home buying process can be exciting and fun, but also complicated, stressful, and overwhelming. Maximize your chance of success and minimize the amount of time spent trying to keep track of all the details by working with a buyer’s agent. There is a plethora of benefits to using a buyer’s agent, and here are…
Read MoreThinking of Selling Your Home? Competition is Coming!
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. How will…
Read MoreWhat Affects Property Value?
Some the features that increase property values are obvious—like a remodeled bathroom, a modern kitchen, or a sought-after neighborhood. But here are a few features and circumstances you have not have realized can affect property values. 1. The neighbors: Not every neighborhood or community has an HOA that can keep the neighbors from going overboard…
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