COVID-19 and The Real Estate Market

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During these difficult times, many buyers and sellers alike are feeling unsure about how to continue. Some have ceased looking for homes or taken their homes completely off the market, while others feel unsure of what to do. All of these feelings and choices are completely valid choices and feelings in light of current events. However, if you’re one of …

December 2019: The Buyer Stakes Are High Because Inventory Is Low

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The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes. In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before finally going into contract on …

Thinking of Selling Your Home? The Waiting Is The Hardest Part.

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Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now …

How to Determine If You Can Afford to Buy a Home

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The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates. Mortgage …

The Cost of NOT Owning Your Home

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Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations …

Taking the Fear Out of the Mortgage Process

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A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage. For many, the mortgage process can be scary, but it doesn’t have to be!  In order to qualify in today’s market, you’ll need a down payment (the average down payment on all …

The #1 Reason to List Your House in the Winter

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Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition. So, what’s the #1 reason to list your house in the winter? Less competition. Housing …

Forget the Price of the Home. The Cost is What Matters.

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Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. The re-acceleration of home values will …

Care and Feeding of Brick Siding

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Having brick siding installed on your house gives it a classic look. Unfortunately, a lot of people view brick as an install-it-and-forget-it option and allow that look to deteriorate over time. Brick homes require basic maintenance and care just like vinyl and wood siding do, though the specifics of maintenance may be a little bit different. It’s just like with …

5 Tips for DIY Paint Disposal

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A lot of DIY projects involve paint. Unfortunately, the majority of them don’t use the exact amount of paint that comes in the cans you buy. This leaves you with extra paint that you don’t have anything to do with, and over time you might even build up quite a collection of excess paint cans. Don’t just dump them out …