In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, shares more: “The frequency of buyers being willing to pay more than the market […]
What To Expect as Appraisal Gaps Grow Read More »
The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below
Hope Is on the Horizon for Today’s Housing Shortage Read More »
For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price Read More »
You can get started without the Certificate of Eligibility (COE) Your credit score still matters, but it’s not everything Make sure you have enough saved Shop for a VA lender and get pre-approved Hire a real estate agent that’s VA-savvy Choose a property that’s VA-approved Close the deal only when you’re ready to move in
7 VA Loan Tips for Veterans, Service Members and Military Spouses Read More »
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have
Are Interest Rates Expected to Rise Over the Next Year? Read More »
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try
The Reason Mortgage Rates Are Projected to Increase and What It Means for You Read More »
Doing the proper researching and using an analytical approach logically based on the financial factors, rather than considering your personal likes and dislikes, will surely help you in purchasing the best property. Knowing what else would be important when buying a home for investment would also be helpful. Before going there, first, my two questions
What I Need To Know Before Making An Investment In Property Read More »
There’s no question that the query of moving is top of mind for many people. Uncertainty in many areas of life has pushed the topic to the forefront of the mind and the family conversation in many homes. If the past eleven months have you working from a space in your home called “office” and
Where To Begin When Thinking About Starting Over Read More »
There is tremendous satisfaction and accomplishment felt when owning a home at a young age. It becomes a reality when putting the effort into planning and following these four simple steps I will share with you here. As I covered in the first post Buying A Home At 25 Years Old there are four categories
Can You Buy A Home At 25 Years Old? Read More »
