If You’re a Buyer, Is Offering Asking Price Enough?
In todays real estate market, buyers shouldnt shop for a home with the expectation theyll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they…
Two Reasons Why Waiting a Year To Buy Could Cost You
If youre a renter with a desire to become a homeowner or a homeowner whos decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a…
Is a 20% Down Payment Really Necessary To Purchase a Home?
Theres a common misconception that, as ahomebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey byLending Treeasks what is keeping consumers from purchasing a home.For over half…
Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?
A lot has changed over the past year. For many people, the rise in remote work influenced what theyre looking for in a home and created a greater appetite for a dedicated home office. Some professionalstook advantageof the situation and…
Is It Time To Move on to a New Home?
If youve been in your home for longer than five years, youre not alone. According to recent data fromFirst American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeownerssoldtheir houses after…
Is the Number of Homes for Sale Finally Growing?
An important metric in todays residential real estate market is the number of homes available for sale. The shortage of availablehousing inventoryis the major reason for the double-digit price appreciation weve seen in each of the last two years. Its…
Reasons You Should Consider Selling This Fall
If youre trying to decide when to sell your house, there may not be a better time to list than right now. The ultimatesellers marketwere in today wont last forever. If youre thinking of making a move,here are four reasons…
5 Reasons Today’s Housing Market Is Anything but Normal
There are many headlines out there that claim were reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But thats not happening. The market is…
What You Can Do Right Now To Prepare for Homeownership
Asrent pricescontinue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data fromApartmentList.com:The first half of 2021 has seen the fastest growth in rent prices since the…
What Buyers and Sellers Need To Know About the Appraisal Gap
Its economy 101 when supply is low and demand is high, prices naturally rise. Thats whats happening in todays housing market. Homeprices are appreciatingat near-historic rates, and thats creating some challenges when it comes tohome appraisals.In recent months, its become…