Red Flags to Watch Out for When Buying a Home
A home is a big investment, so when you’re investing in a property, you want to make sure it’s a good investment. While there aren’t any ways to know definitively, there are red flags to look for that could indicate a home is a less-than-ideal investment.
What’s Ahead For Home Prices This Year
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.
Tips to Make Your First Home Purchase More Affordable
No matter how much buying a house makes sense for your long-term financial well-being, buying your first house can often just seem expensive and totally out of reach. That leads to many younger people putting off buying a home until later in life than they might have, if the costs were lower.
But there are plenty of younger people buying homes. Nearly 40% of people under 35 own a home, so it’s by no means impossible or entirely unaffordable.
Test Your Home Selling Knowledge with this Seller’s Quiz!
Even if you took the same classes and tests your agent took to become an agent, it’d be difficult for you to know everything you need to know. Much of the insight and knowledge that makes your agent so effective at getting you the best results comes from experience actually selling houses, not from real estate school.
However, the more you know and understand about the best decisions ahead of time, the better off you’ll be. So here’s a quick quiz to help you see what decisions you’d get right, and learn from the ones you get wrong so you will be prepared to listen to the advice of your agent when the time comes.
5 Ways to Get the Best Loan Possible
When rates were unusually low, it almost didn’t matter if you weren’t careful about the type of loan or terms you agreed to with a lender. But now that rates have crept up, you want to make sure you not only get the lowest rate you can, but also the best type of loan and terms possible
The Must-Know Habits of Successful Homebuyers
Buying a home in today’s market can be a challenging process. And if you want to succeed, there are certain habits you’ll want to cultivate—habits that will increase your chances of finding your dream home and having your offer accepted.
Best Practices for Selling Your Home This Year
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you’re feeling confident in your decision is to keep these three best practices in mind.
What to Expect From the Housing Market in 2023
The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position.
Key Advantages of Buying a Home Today
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates.
Key Factors Affecting Home Affordability Today
Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.
What Happens to the Housing Market During a Recession?
Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly.
Current Supply and Demand in Housing
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point.
How to Prep Your House for Sale this Fall
Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment.
Buyers Are Regaining Some of Their Negotiation Power in Today’s Housing Market
If you’re thinking about buying a home today, there’s welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close.
Why You May Want To Start Your Home Search Today
If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale.
What Sellers Need to Know in Today’s Housing Market
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market.
Here’s why.
Why Asking Price Matters
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house?
While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever.
Should you buy a home with inflation this high?
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?
What exactly is a townhouse, and should you get one?
As a buyer, there are a variety of property types you can purchase. For example, you might buy a single-family home, an apartment, or a condo. Or, you might buy a townhouse. Townhouses are a popular property option, particularly for first-time buyers. But a lot of people have questions about townhouses, like what, exactly, are they—and why should someone consider buying one?
Top 6 Reasons Renters Have for Not Buying a Home (And Why They May Be Wrong)
Owning a home isn’t the right decision for everyone. There are plenty of circumstances and reasons for someone to rent a place to live rather than buy. The problem is, sometimes people get stuck in the mentality that they should rent, based upon things they’ve heard, but never really questioned or thought through.