As a renter, you have a tough choice to face each year: renew your current lease, start a new one, or buy a home. In the past year, current and new renters have seen their rent increase, sometimes a jaw dropping increase like 20%. So if you are considering renting as an option in 2023,Continue reading “Are You Stuck in the 2023 Rental Trap?”
Tag Archives: loans
Advantages of Buying a Home in the Current Market
Buying a home in any market, at any time is a very personal decision. The best way to make that decision is by educating yourself on the facts, working with a trusted professional, and not following the sensationalized headlines in the news daily. My team and I only deal in facts and bring an educationalContinue reading “Advantages of Buying a Home in the Current Market”
Why Some Flippers are Losing Now…
In 2022, mortgage rates hit 7%, which put a major strain on housing affordability and further priced buyers out of the market. All the while inflation continued to drive up labor costs, sending costs for home renovations and new builds up and up. This is a perfect recipe for disaster for home flippers. Just likeContinue reading “Why Some Flippers are Losing Now…”
The Three Biggest Mistakes I See Young Buyers Making
First-time homebuyers are, on average, 33 years old. Generally, the average age of homebuyers is 47. Not only has the average age changed, but the home-buying process as a whole has changed not only with the invention of the internet, but then even more so when the pandemic pushed everything more digital. I’ve been inContinue reading “The Three Biggest Mistakes I See Young Buyers Making”
My Message to Home Builders
Although the U.S. has been in a decades-long housing shortage, we have also found ourselves in a time where homebuilders across the country are pulling back on development. What? How can both things be true? Stay with me here. This riddle is at the heart of the boom-bust nature of the housing market. With changingContinue reading “My Message to Home Builders”
How Zillow Lost $380,000,000
Most homeowners wonder from time to time what they could get for their home. Even if you aren’t actively looking to sell, it’s natural to wonder what the value of your home sits at. Chances are you’ve looked online at Zillow to see what your homes Zestimate is. Basically, it’s an algorithm-fueled pricing tool thatContinue reading “How Zillow Lost $380,000,000”
Why Interest Rates Matter Less Than You Think
Mortgage rates have been on the rise throughout 2022. And while that’s bad news for home buyers, it doesn’t have to be the end of the line. There is actually a lot you can do to counteract rising interest rates and get a better deal on your mortgage loan. The problem is most agents eitherContinue reading “Why Interest Rates Matter Less Than You Think”
Why You Need a Maintenance Inspection
Contrary to what you might think, inspections are greatly beneficial even after the home-buying process is over. Think about it, when you own a home, it seems like there is always something that needs attention or repair. Much like a car, your home needs to have regular check-ups done by a professional who knows whatContinue reading “Why You Need a Maintenance Inspection”
What Do Your Five Senses Have to do with Real Estate?
Looking at property online certainly has its advantages. It’s easily accessible, on your own schedule, and the options are nearly endless. Some agents are very good at marketing their properties. They use professional photography, enhanced lighting, optimal staging, and more just to showcase the property in the very best ways. It can be easy toContinue reading “What Do Your Five Senses Have to do with Real Estate?”
Foreclosure Explained
Foreclosure happens when a loan is defaulted on and the lender recovers the amount owed by selling or taking ownership of the property. In plainer words: You stop paying and the bank takes the house back and you lose possession. Keep in mind that the foreclosure process can vary from state to state, but thereContinue reading “Foreclosure Explained”