real estate: Ways Inflation Could Affect 2024 Housing
- 01/09/24 06:29 AM
People across the nation have felt the effects of inflation. Mortgage rates have caused a slowdown in the housing market and home buyers have delayed purchasing a new one, but homes prices have remained strong during this period. Before deciding to sell your home examine the current market in your immediate area and listen to what experts are saying about inflation and how it will affect the housing market. For instance, Goldman Sachs is saying there will be strong income growth and interest rates hikes are a thing of the past for 2024. While Morningstar is expecting a decline in inflation … (1 comments)
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real estate: Home Buyers Understanding Closing Cost
- 11/03/22 07:02 AM
Before starting the home buying process, be sure to take time to understand costs associated with purchasing property. These costs include down payment and closing cost. Closing cost include both prepaid and actual expenses to close the deal. Most loan types, the buyers’ credit score and down payment will be a major decision maker to determine how large a loan the buyer will qualify for. Down payment which is part of the closing cost will range between 3-20% of the purchase price of the property. Closing costs are fees charged by people involved in the purchase of the property such as: … (4 comments)
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real estate: Home Bidding Wars Are Rising in January 2022
- 03/10/22 06:18 AM
Competition for buying a home has been unseasonably hot this past year. Buyers faced bidding wars with low inventories. NAR reported that January 2022 had the fewest number of homes available for sale on record with most of these homes sold under a month. Mortgage rates are anticipated to rise in the coming months which may cause home buyers to lock-in at earliest date to avoid further increases. Since there are few homes on the market and townhomes appear to be creating the most competition in some areas. Current buyers desiring to buy a home are trying to locate a home … (2 comments)
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real estate: What to Fix from Home Inspection?
- 01/05/22 06:44 AM
After home inspection, settling on what needs to be repair usually is the last major hurdle for the transaction. Bypassing a home inspection not recommended in most situations. This is the best time prior to closing to discover flaws in the property that could become expensive to correct after becoming the owner the property. Sometimes buyers are uncertain how to move forward on home repair request. This is the time real estate professionals can be helpful by advising their client what should be fixed. Sellers will not fix and should not fix everything that is on the inspection report. Cosmetic issues … (1 comments)
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real estate: Staying Busy has Positive Effects on Mental Health
- 10/14/21 06:25 AM
Some occupations such as real estate will cause a person to be continuously on the go. People in these occupations are constantly attending meetings, working with other people in different locations and meeting deadlines, etc. These types of activities can be good for your mental health. After all, too much free time may cause a person to be unhappy, feel lazy, and sluggish. This is a result of study published in the Journal of Personality and Social Psychology. However, you need to create a healthy balance of free time within your busy work-life. No free time can cause a person to … (2 comments)
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real estate: Tips To Sell Your Home
- 09/02/21 08:07 AM
Many home buyers have regrets after they buy their new home. Similar thing happens when seller trying to determine whether to sell their home. Many sellers ask themselves what if? Would it be better to wait to sell? Should I negotiate differently? Should I make more improvements to my property? With a lot of money on the line and having little experience selling a home, you may want to pause and do some research before selling a house. Following are some home selling tips:
Determine if you ready to sell – Selling your home is both a financial decision and emotional experience. … (1 comments)
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real estate: Home Inspection – What to Expect
- 06/25/21 06:17 AM
Normally, most home inspections are ordered and completed after a home buyer has made an offer on a property and has been accepted by the seller. At this time, there tends to be much excitement, impatience and anxiety with all parties involved in the transaction. The concern is: what to do if the inspector finds something wrong with home? Do not worry, on resale properties the inspector always finds something wrong, but very few of the homes fail to close. If seller and buyer work cooperatively together, you will find a solution that is satisfactory to all parties. Remember an inspector … (2 comments)
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real estate: Home IBuyer Programs Provide to Real Estate
- 10/30/19 06:17 AM
Homeowners who wish to sell their home has a choice to take an instant offer (usually must make a decision in mere days) or sell their home the traditional way. Selling the traditional way using a real estate agent may result in greater return on your investment. More companies are investing in technology; therefore, this is playing larger role in helping buyers and sellers satisfy their real estate needs and desires. As time passes there probably will be fewer realtors; therefore, people will need to develop new skills that will be of value to the consumer. The IBuyer programs offer greater … (0 comments)
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real estate: Starter Home Suggestions for First-Time Home Buyers
- 12/19/18 08:29 AM
Currently, all real estate price points are experiencing a shortage of inventory in the housing market. At this point in time, the entry level for first-time home buyers is experiencing the greatest difficulty. This is due in part; many homeowners are staying in their current home longer instead of trading up due to rising construction cost. In addition, number of builders have abandoned the entry-level market. Unfortunately, most buyers need to brace themselves for higher housing prices than they may have expected in many parts of the country. Home buyers may be able to bypass some of these hurdles with careful … (0 comments)
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real estate: Buying Home in Hot Market
- 09/22/17 05:44 AM
Anytime a person purchases a home it may be a stressful experience. Homebuyers, usually are emotional, and are trying to buy the perfect home before another buyer beats them to the purchase. Becoming knowledgeable about the home buying process, surrounding your good professional realtor and lender, and being ready to move fast can help to eliminate stress. A buyer may be able to reduce stress by taking advantage of following tips when competing in the market place:
Property alerts – You and/or realtor can setup instant property alerts when a new property comes on the market. These are real estate websites that … (1 comments)
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real estate: Do Knots That May Cause Your Home Not Too Sell
- 09/07/16 02:50 AM
When selling your home, it usually has its challenges, such as, preparing the property to show, selecting the proper realtor to sell your house, and timing the sale of your current property to correspond with your move into your new home. Whatever your circumstances are, you need to have a smooth sale, and the sale occurs quickly. In order for this to happen, there are few things you should consider not doing:
Taking your own photos - Have professional photos taken and many homes should include a virtual tour. Most home buyers are looking online first, which makes this is extremely important. … (1 comments)
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real estate: Real Estate Considerations
- 09/23/15 12:37 AM
Current and future homeowners usually are not involved with real estate on a daily bases. At the most, many of these homeowners are involved with selling and/or buying a house once every decade. Even with low exposure to real estate, many people think they understand how it works, based on their past experience and talking to family and friends. Some of things they believe to be true are false which may hinder their chances of buying and/or selling at the right time and price. If it has been a long time since a person has done a real estate transaction, they … (1 comments)
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real estate: Home Seller Mistakes
- 03/14/14 12:09 AM
When home sellers get ready to sell their property they need to be sure they are not taking some inappropriate steps. Prior to making any major updates to your home get opinions from professionals and friends, otherwise, this may severely affect your bottom line in a negative way. Following is a list key seller mistakes:
· Putting the property on the market before it is ready. Most visitors view the property at the front-end of the sales cycle. Therefore, complete all repairs and updating of the property before marketing. In addition, have a complete set of photos and flyers available, … (1 comments)
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real estate: How To Prepare To Buy First Home
- 10/08/13 11:11 PM
Preparing to buy your first home usually includes setting aside money for a down payment, reviewing listings for several months, and touring homes on weekends. Many first-time home buyers fear the thought of purchasing a house and are unsure what steps they must take to own a home. Some of the concerns may be due to the fear of buying too much house, cash poor, and/or losing their job. Potential home buyers need to discuss the buying process family members, friends, and with a realtor that they are conformable working with. Proceeding to purchase a home without having professional guidance is … (0 comments)
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real estate: How Buyers Can Get The Edge During Spring Season
- 07/15/13 05:29 AM
Spring and summer months are normally the busiest months in the real estate market. This is the time families can coordinate their move with the school year. During this time period there are more homes on the market and greater competition to purchase a house. If you are thinking about purchasing a new home, there are some things you can do to give yourself a competitive edge over other home buyers:
· Get started early by working with a realtor of your choice, and informing the realtor of you needs and desires.
· Get pre-approved, this shows the sellers you are … (0 comments)
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real estate: Key Factors When Negotiating In Real Estate
- 05/13/13 12:48 AM
Everyone wants to be successful in the real estate marketplace. The transaction process is unique, and can be very complex. Both buyer and seller desire to have a favorable outcome in which they feel they were successful in the negotiating process. Each party to a contract needs to develop a strong bargaining position so they can realize the most from the transaction. Following are keys that will help you when negotiating:
· Determine the market environment – Is it a buyer or seller’s market, or is it an environment where supply and demand are about equal? It is better … (3 comments)
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real estate: Comparable Sales Help Determine Market Value
- 03/13/13 10:45 PM
Many homeowners who are considering selling their home, or desire to stay abreast with market values within their neighborhood, do a market analysis of their property. In addition, it is important for buyer to have a market analysis of properties prior to making an offer on a house. This can be extremely important depending on the type of financing the buyer is seeking, and the amount of the offer. The best way to determine market value for a house is to do a comparable sales analysis of sold homes in the immediate neighborhood. The market analysis is normally completed by real estate … (0 comments)
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real estate: How to Sell Your Home Through a Short Sale
- 08/01/12 12:03 AM
Over past several years there have been numerous buyers who have bought homes with the intent to live in the home for several years. With a downturn in the economy, and buyers previously able to find easy financing, many have found themselves with insufficient funds to pay off their mortgage. Many times buyers purchase a new home without thinking about unforeseen events happening that would force a move. In addition, they did not take in account the cost of selling their home. When something unforeseen occurs, this may lead to bankruptcy, foreclosure or a short sale. The definition of a short … (2 comments)
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real estate: Showing Home needs to be Convenient to Buyers
- 07/05/12 10:51 PM
It is important to always make your home available to show even when it is inconvenient. Have the lockbox available at the front door not hidden in some other location. Convenience is the key to getting more potential home buyers through your home. If a real estate agent is required to make an appointment with the owner, this lessen the chance the property will be showed. In addition, if the owner requests the agent to view the property at another time, this generates a high probability they will never tour the property. Some agents will not make the extra effort to … (0 comments)
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real estate: Home Showings
- 03/20/12 11:50 PM
Prior to listing your house, you need to have a discussion with your real estate agent on how best to show your home.The showing of your home should occur after you have clean, made needed repairs, removed excess furniture, and wall decorations from the house, etc.These items need to be either sold at a garage sale, or packed into boxes and put into storage off the property.Once this has been done, you are ready to show your home to potential buyers.Following are a few tips concerning showing your home:
·The property needs to be ready to show.At times this may be … (3 comments)
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People across the nation have felt the effects of inflation. Mortgage rates have caused a slowdown in the housing market and home buyers have delayed purchasing a new one, but homes prices have remained strong during this period. Before deciding to sell your home examine the current market in your immediate area and listen to what experts are saying about inflation and how it will affect the housing market. For instance, Goldman Sachs is saying there will be strong income growth and interest rates hikes are a thing of the past for 2024. While Morningstar is expecting a decline in inflation … (1 comments)
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