1. They’re Experts on Market Trends With today’s housing market defined by change, it’s critical to work with someone who knows the latest information and how it impacts your goals! An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, …
An Expert Makes All the Difference When You Sell Your Home Read More »
1. Why is credit rating important? Credit scoring or rating is the process whereby a lender determines how much of a risk you present. Several factors are used to tabulate your score, including: Promptness or lateness of payment How much credit you carry How many times credit reports have been requested and various other factors …
1. Increased interest in renovation loans. Where limited inventory is available, renovations (and the loans for them) are becoming the more desirable option! In the first quarter of last year, estimated growth for remodeling spending exceeded the Leading Indicator of Remodel Activity (LIRA) expectations. This year, the LIRA’s prediction for renovation and repair growth is …
If you’re looking to maximize your sale and minimize your effort, you need to work with a trusted real estate professional. In a seller’s market like today’s, it can be tempting to list your house on your own, known as “for sale by owner.” But the truth is, a real estate professional can save you …
Don’t Tackle Selling Your Home on Your Own – an Agent Can Help Read More »
Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past …
Experts Project Mortgage Rates Will Continue to Rise in 2022 Read More »
It’s never been more important to understand the appraisal process and the risks involved. It’s also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you’re a buyer) or overcompensating (if you’re a seller). Find out how appraisals work and in some cases, don’t …
How to Bridge the Appraisal Gap in Today’s Real Estate Market Read More »
Just like all drivers need car insurance for their vehicles, all homeowners need insurance for their homes. However, many homeowners don’t have as much insurance as they should, which can be devastating if something happens to their home. In the United States, roughly two out of every three homes does not have the proper amount …
Why You Need to Make Sure Your Home Isn’t Underinsured Read More »
In such a hot market, houses are selling pretty quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return. 1. Make Buyers …
When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close …
The Federal Housing Administration insures what are called FHA loans. These mortgage loans provide opportunities for buyers with less-than-perfect credit or limited down payments to purchase homes, but they aren’t without potential pitfalls. FHA loans are available to borrowers with a credit score of at least 580, and you have to make a minimum 3.5% …
