There are three values for any home on the market: What the seller thinks it’s worth, what the buyer thinks it’s worth and what a professional appraiser will think it’s worth. The key to a successful purchase is to get those three numbers to align. You never want to assume that the asking price of … Read More “Valuing a House: What Is It Really Worth?” »
Category: Real Estate News & Tips
Picture your dream home. Is it a traditional single-family home designed for a conventional nuclear family? Or does your idea of home include extended family — maybe your parents, in-laws, or a favorite aunt or uncle? If so, you’re not alone. While single-family living continues to be the dominant housing choice in the US, there’s … Read More “Better Together: Why multigenerational living is on the rise” »
The recent NAR settlement has introduced some key changes that are beneficial for you. One of the biggest updates? The new Buyer’s Agreement, which is now *required* before touring any home. Here’s what you need to know: **Legally Binding:** The Buyer’s Agreement is a contract between you and your real estate agent, outlining the services … Read More “FridayFacts; New Buyer Representation Rules” »
The Fed cut rates at its September meeting for the first time in four years, with more on the way. Is it time to think about selling your house? The Federal Reserve announced Wednesday that it is cutting the fed funds rate, a key overnight bank lending rate that impacts other interest rates, for the first time … Read More “With the Fed Rate Cut, Should You Sell Your House Now or Wait?” »
Buying a house today is vastly different than it was fifty years ago. Higher home prices, stricter regulations, and advanced technology have transformed the home purchase process. What’s more, economic changes and shifting demographics have had their influence as well. Below, we’ve discussed some of the many ways the homebuying process has transformed over the … Read More “How the Home Purchase Process Has Changed Over Time” »
If you’ve been keeping up with our series on the new homebuyer’s agreement, here’s something you need to know: There’s been a CHANGE in Real Estate Commissions Post-NAR settlement, sellers can still offer compensation to your agent, but it won’t be visible on public listings anymore. The good news is concessions are allowed, and … Read More “FridayFacts; Attention Homebuyers” »
Key takeaways The current housing market is causing many prospective buyers to wait for better conditions, but there’s no guarantee that it will improve considerably anytime soon, even with a Fed rate cut. If your credit score is strong, your employment is stable and you have enough savings to cover a down payment and closing … Read More “Should I buy a house now, or wait?” »
** Attention Homebuyers! ** Don’t let the new Homebuyers Agreement hold you back from exploring open houses! Keep these 3 KEY TIPS in mind when visiting: 1. **Working with an agent?** If you’ve signed a buyer representation agreement, make sure to keep a copy on your phone and share it with the agent hosting the open house. … Read More “FridayFacts; Don’t Be Mislead” »
Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place. 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way home … Read More “The Perks of Buying over Renting” »
#FridayFacts Homebuyers, take note! The recent NAR settlement has introduced some key changes that are beneficial for you. One of the biggest updates? The new Buyer’s Agreement, which is now *required* before touring any home. Here’s what you need to know: **Legally Binding:** The Buyer’s Agreement is a contract between you and your real estate agent, … Read More “FridayFacts; Homebuyers, take note! “ »