Real Estate General Information

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Recent blogs on Real Estate General Information
By Nick Marr, Promoting real estate internationally
(HOMESGOFAST)
There are dozens of reasons why someone might choose to buy a home in another state. Maybe they are investing in a rental property to gain passive income, or they are considering moving. The explanations may be complicated, but the process of buying out-of-state has become easier than ever. If you have managed to score an out-of-state client, we recommend utilizing these tips to secure a successful transaction. Tips for Realtors Working with Out-of-State Home BuyersSchedule an In-Depth ConsultationThe first step in securing any client is an in-depth consultation. Since your home buyers are out-of-state, you will want to work out a time for a phone or video chat that considers both your schedules and time zones. During your consultation, we recommend asking the following: Why are they ch...
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By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
If you are looking for a 55+ active community, on the East side of Denver, you have four options with different price points.   In each of these communities, there are planned events and day trips.Windsor Gardens - East DenverThis community of condos is located off Alameda and Dayton in Denver 80247.   You will find 1-3 bedroom condos most with balconies/lanais and some are enclosed.   These condos were built from 1962 to 1972.    Today, the average sales price is $272,000.    There are currently 28 units available from $165,000 to $409,000.The HOA fee includes heat, insurance for the building, grounds maintenance, water/sewer, snow removal, trash/recycling, and there is a clubhouse, fitness center, golf course, and a community pool.Heather Gardens - AuroraThis community has high-rise c...
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By Jared Chamberlain
(Chamberlain Real Estate Group)
With demand for detached homes under $600,000 staying consistent, there simply isn't enough for buyers to buy on the market. This is forcing some buyers to adjust what they want to purchase. Read More...
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By Susan Isaacs "The Momagent", Compass
(1313 14th St NW DC 20005)
Fed-Induced Recession In 2023 NY Fed's Recession Probability Model shrieking warnings of an incoming downturn, odds at 38% have analysts saying it's really a near-100% chance DataTrek’s Nicholas Colas said: “It is clearly saying high short term interest rates are going to cause a recession in the next 12 months. Moreover, these odds are very likely to increase.”  Colas referenced the model’s 60 year track record, showing nine times out of 11, a probability reading over 30% was able to accurately predict a downturn. The model measures the difference between yields on the 3-month and 10-year Treasury – similar to the 2-10 Treasury curve, a bellwether of a recession when the curve is inverted. Analysts deem the 3-10 Treasury curve a “more accurate” predictor, as does Fed Chair Jerome Powel...
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By Dave Halpern, Louisville Short Sale Expert
(Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827)
What Is Multigenerational Housing?Thanks to Walter DiLoreto for this excellent summary of multigenerational housing.If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today.  Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationsh...
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By Susan Isaacs "The Momagent", Compass
(1313 14th St NW DC 20005)
On November 30, 2022, Fed Chair Jerome Powell' message could not have been clearer: Interest rates will continue to rise, moderately, and for some time to come.If you have the means to take advantage of market uncertainty, this is your time. There's a brief window of opportunity to move forward as others pause, in a market with reduced competition, softer pricing, and more flexible terms.Read the Update at realestateinthedistrict.com
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By Michael Mahoney, Boston Realtor with Century 21 American Properties
(Century 21)
Three Questions Sellers are Asking About Their Home This WinterAs we start to gather for the holidays, I have noticed many people starting to ask questions about the real estate market. There’s no denying there’s a lot going on in the housing market this season. This may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions I have been be hearing around the holiday parties and socials I have been to. I hope the data and answers to the questions give you some clarity.Is it Still A Seller's MarketInventory across the US is still in seller's market territory not even close to being neutral.Are There Still Buyers Out ThereJust like Paul Revere said.... The Millennials are coming... The Millennials are coming... “At about 80 ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What Sold in Your North Shore Village in November 2022?Check out the median year-to-date number below where I've indicated where it was in January (in italics.)  Prices have risen considerably over 2022 and while most pundits don't think housing prices will rise, I'm pretty certain that in 2023 they will most likely remain steady.  WINNETKAClick here to see all Winnetka homes sold in November 2022Homes for sale:  23Private network homes for sale:  8Median price year-to-date:  $1,555,000 (was $1,330,000 in January)Current month's supply of inventory:  1.3See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in November  2022Homes for sale:  22Private network homes for sale:  6Median price year-to-date:  $...
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By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
We are proud to report that this completely remodeled home on 5.66 Acres in Northfield NH has gone UNDER CONTRACT and is now SALE PENDING. Feature a Brand New Kitchen, New bathrooms, New roof, Newer Doors, Newer Heating system. New light fixtures. New paint and flooring.  This home has 2 decks and covered porch. There is a detached 1 car garage. The home sits far back off the road in a nice wooded setting.         Scott Godzyk of the Godzyk Real Estate Services is the Exclusive Listing Agent on this property. Let us show you there is a difference. Experience matters.... --- PRICE: $399,900 Built in 1995 (remodeled 2022) 6 rooms, 2/3 bedrooms and 2 bathrooms. Size 1664 SF LOT SIZE: 5.66 acres    ---WE CAN SELL YOUR PROPERTY TOO!!!  CALL TODAY FOR A FREE MARKET ANALYSISTO SEE WHAT YOUR HO...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market.That means, moving forward, home price appreciation will continue to vary by location, with more significant changes happening in overheated areas. Here’s a quick snapshot of what the experts are saying:Danielle Hale, Chief Economist at realtor.com, says:“The major question on the minds of homeowners and aspiring buyers alike is what will happen to home prices. . . Soaring prices were propelled by all-time low mortgage rates which are a thing of the ...
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By Dawn Castell, Freelance home stager
(Freelancer)
When costs rise and your budget tightens, you may be tempted to skimp a bit on your insurance plans. In the long run, though, this would not be a good idea. You never know when disaster may strike, and if you don't have proper insurance coverage, you could take a major financial hit. Consider the following reasons why it is important to properly insure your property.Minimize RiskThe many personal lines insurance policies on the market these days are all designed to help you minimize the risks of life. Severe weather, fire, theft and freak accidents could happen at any time, and these can be devastating. Many people have suddenly found themselves with next to nothing after a tornado or earthquake or flood. Insurance can't stop these things from happening, but it can help you recover from...
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By Susan Sechrist, New West Realty, LLC
(New West Realty, LLC)
Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled.1 Consequently, home sellers who enter the market today may need to reset their expectations. The reality is, it’s no longer enough to stick a “for sale” sign in the yard and wait for buyers to bang down the door. If you want to net the most money possible for your property in today’s market, you’ll need an effective game plan and a skilled team of professionals to implement it.Fortunately, we’ve developed a listing strategy that combines our proven approach to preparation, pricing, and promotion—all designed to help you get top dollar for your home. But you will play an important role in the selling process, as well. Here are som...
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By Kendra Gale, 27 YEARS LOCAL TAMPA BAY/CLEARWATER EXPERIENCE
(Align Right Realty)
You don’t have to break the bank to celebrate the holidays in style—even in this season of inflation. Prices may be higher on everything from food to gifts to decorations, but there are still plenty of opportunities to eke out extra savings.  For example, according to the U.S. Environmental Protection Agency (EPA), you can save a couple of hundred dollars a year just by sealing your home and boosting its insulation.1 Other small fixes—such as swapping old light bulbs for LEDs and plugging electronics into a powerstrip—can boost your yearly savings enough to pay off some of your holiday budget. And thanks to a pandemic-era boom in online shopping, it is easier than ever to find deals on new and pre-owned furniture, thrifted gifts, DIY decor, and more. Even secondhand stalwarts like Good...
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By Sam Miller, Knox County Ohio Real Estate Specialist
(RE/MAX Stars Realty)
Automated home value systems are all over the internet these days and there are a lot of homeowners who have been misinformed about the value of their home because of these types of automated systems. If you were to enter your home street address into the 5 most popular automated value model websites I would bet that the difference in value that these websites predict would vary by more than 10% from the lowest to the highest. We have seen some of the estimated values have a 30% difference between the highest and the lowest estimates especially in zip codes 43028 and at the Apple Valley lake in Knox County Ohio. The bottom line is that these websites aren't something you should count when it comes to determinting what your home would sell for in the current housing market.Most of the AV...
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By Susan Isaacs "The Momagent", Compass
(1313 14th St NW DC 20005)
Following suit with conforming loan limit increases, HUD has increased FHA loan limits for next year.Beginning January 1 2023, 3,222 U.S. counties will see higher loan limits, while 12 counties will remain the same. For most of the country, the new baseline FHA loan limit will be $472,030 for a single-family home. Limits increase for 2-, 3-, and 4-unit properties. But in high cost of living areas like Washington DC, limits are substantially higher.See the breakdown chart with 2023 limits for District of Columbia at realestateinthedistrict.com
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By Bill Gassett, Metrowest Massachusetts Real Estate
(RE/MAX Executive Realty)
The Guide to Replacing a Roof on Your HomeAre there signs that your roof is failing and needs to be replaced?The roof of your home is a significant replacement if it fails. After all, it prevents water from leaking into your property and doing considerable damage.Fixing roofing problems isn’t something you can delay either. While you might only need to replace one shingle, leaving this will mean potential water damage inside your home.Water then leads to mold, which will create additional problems.If an entire roofing replacement is needed, the costs can be considerable, and you might also need a permit before the repair can begin.Understanding what you need to think about before hiring contractors could save you money if you consider a roof replacement.Let's go over everything you need...
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By Scott Schulte
(Scott Schulte LLC)
Sun City Grand Surprise ArizonaIf you are searching for a home to spend your retirement in style or you are looking to make some new friends, the Sun City Grand Surprise, Arizona, offers you a chance to get out and enjoy the Arizona sunshine. Whether you enjoy hiking, golfing, fishing, or just being out in nature, you'll find plenty to do here. Sun City Grand PickleballLocated near Phoenix, Sun City Grand is one of the greatest active adult communities in the state. The community has nearly 4,000 acres of land and almost 9,500 residences.Sun City Grand is not a gated community but features several amenities. It features two fitness centers, four golf courses, and many other recreational facilities. The community is also home to several bocce ball courts, tennis courts, and pickleball co...
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By inboundREM Market Updates
(InboundREM)
Neighborhood Information San Francisco's Glen Park is a residential area perched on a hill in the South Central district. Situated on the San Miguel Range's southeastern edge in the Central Hills, this community offers a breathtaking panorama of the city's picturesque suburbs to the south. The hillside was formerly a dairy farm before being purchased by real estate developer Archibald Baldwin in 1897. The development's ample recreational space blended well into the attractive suburban neighborhoods. The community's key selling feature, which enticed families to settle into a very isolated area, was the proximity to Glen Park and the Mission Zoo.Glen Park is an excellent place for families to find a house with a view of San Francisco's beautiful skyline. As a result of its attractive fac...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationCalifornia's Alameda is home to the highly sought-after neighborhood known as Gold Coast. Most Gold Coast houses for sale feature stunning interiors and lots of outdoor space for your family to enjoy. There are many exciting things to do, and the local schools are highly regarded. This area has a tranquil small-town feel, along with substantially large lots and tree-lined roads. Gold Coast's proximity to schools and pediatricians' offices means parents may leave the car at home without sacrificing convenience. Families looking to provide their children with a well-rounded experience should visit the Gold Coast. You could be the next satisfied homeowner if you contact us immediately.Some of the most tranquil living areas in Alameda may be found in Gold Coast homes...
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By inboundREM Market Updates
(InboundREM)
Neighborhood InformationCharming homes and friendly people may be found in Central Alameda, a community in California. The neighborhood has lanes lined with trees and a wide variety of stores and restaurants. For people who enjoy traveling and seeing the Bay Area, Central Alameda is the ideal location because it has convenient access to nearby cities. Central Alameda is a community that welcomes families and offers all the conveniences required for a pleasant existence, including a top-notch public school system and a wide variety of recreational opportunities close by. Central Alameda real estate is perfect for any lifestyle, whether you're into surfing or hoops. Call us immediately if you're looking for a great place to settle down. To assist you in making a decision, we can respond t...
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