Nowadays, just about everyone looking to buy or sell real estate begins their search online and new real estate listings services have drastically changed the way Americans look for homes. It’s now possible, with a click of a mouse, to find the sales price of the home next door, search for listings in a given school […]
Do I need the services of an experienced real estate agent when buying a new home? This is a question we often get from home buyers who are only interested in considering new construction. The answer is yes, and here’s why. When you buy an existing home, what you see is what you get for […]
The Federal Reserve did it — they raised the target federal funds rate a quarter point, its first boost in nearly a decade. However, this does not necessarily mean that the average rate on the 30-year fixed mortgage will be a quarter point higher as a direct result of this move. That’s not how mortgage rates […]
You’ve seen the TV shows: Individual finds a foreclosed home in the best neighborhood in town, scoops up said property for a steal, fixes it up, and sells it for a significant profit. What those DIY and home improvement shows don’t necessarily show you is just how tough flipping houses for a profit can actually be. But […]
Can your house ever be too nice? The answer is yes. Unfortunately, there’s no simple measure to determine what constitutes an over improvement. How much is too much, depends a lot on what improvements you undertake, what’s happening in your neighborhood and, in the end, your personal reasons for improving. That said, when you sell […]
In today’s “move-up” housing market, many buyers commonly have to sell their current home before they can purchase a new one. To protect themselves, a buyer will typically submit their offer making the purchase contingent on the sale of their current residence. While many sellers are reluctant to consider offers with such a contingency, this out of fear it will take months […]
When you’re house hunting, finding an amazing house in your location of choice that is turn key and doesn’t require much additional investment seems like a major score. But is it really? Before making an offer on that picture-perfect home, take a look at the surrounding houses. If they’re all in disrepair—or fall far short of the one you’re […]
You’ve heard the home closing horror stories: At the eleventh hour the buyers find that the amount needed for closing exceeds what they were originally quoted. Well thanks to a new law this experience is now a thing of the past. If you’re about to close on a new house, your timing couldn’t be better. Thanks to new mortgage rules […]
When selling a home, you need to understand the current consumer expectations and lifestyles. While some trends come and go, others remain popular for years and certain amenities that home buyers now consider “nice-to-have” may soon move into the “must-have” category in the coming years. Regardless of which category these features fall into for a buyer, […]
You’ve been searching for the perfect home for weeks, or perhaps months and you’ve finally found it! It has the right number of bedrooms and baths, plenty of square feet and that updated kitchen and gorgeous backyard with outdoor living space you’ve been dreaming about! There’s only one problem: it’s already in contract and the sale is pending. If […]
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