When it comes to mortgages, pre-qualification and pre-approval may seem interchangeable, but they actually mean different things and hold different weight when it comes to submitting an offer on your dream home. Mortgage pre-qualification helps lenders to understand how much you can borrow by asking you a few questions about your finances. For example, theyContinue reading “Does Pre-Qualification Mean I’m Approved?”
Tag Archives: realtor
The risks of zero-down loans in this market: Is this 2008 all over again?
It’s baaaaaaaaaaack…. With Bank of America recently announcing their loan option for lower-income households that requires no down payment, no closing costs, and doesn’t base the loan on a minimum FICO score, you might be wondering if this is 2008 all over again. Can we really be repeating these kinds of loans and promoting homeownershipContinue reading “The risks of zero-down loans in this market: Is this 2008 all over again?”
Dead lawn from the heat and drought? Think clover.
Having a clover lawn instead of a traditional grass lawn has been all the rage on social media lately. In fact, #cloverlawn has more than 65 million views on TikTok alone. A well-manicured grass lawn is a very traditional vision in the minds of Americans. These are the same people who spend hundreds of dollarsContinue reading “Dead lawn from the heat and drought? Think clover.”
AirBnb: Why Feeding this Beast is Probably Not a Good Idea in the Long Run
The short-term rental industry has been repeatedly accused of driving housing prices up by contributing to the housing shortage both in the U.S. and abroad. Some of the top travel destinations like Amsterdam, London, New York and Los Angeles gets the brunt of much of the criticism for the sheer size of their operations. InContinue reading “AirBnb: Why Feeding this Beast is Probably Not a Good Idea in the Long Run”
Why Staging is Still a Thing, Even in a Seller’s Market
While many homes are going under contract in the first few days they’re listed, most real estate professionals would agree that a property is more likely to stand out and receive the highest offers when that home is staged. The right staging can really impact the buyer’s perception and help earn the seller the highestContinue reading “Why Staging is Still a Thing, Even in a Seller’s Market”
What is an adjustable rate mortgage (ARM)?
An adjustable-rate mortgage is a home loan when an interest rate adjusts over time based on the market. ARMs generally start with a lower interest rate than a fixed-rate mortgage, so an ARM is a great option if your goal is to get the lowest possible rate up front and don’t wish to live thereContinue reading “What is an adjustable rate mortgage (ARM)?”
Homebuyers Guide: Tips For Getting Started With Your Search
Ok, this is a longer article than usual but only because it is SOOO important. There is a method to the madness of beginning your home purchase. After all, buying a home for the first time can be life-changing. It’s a major investment, a major commitment, and oftentimes the start of a whole new phaseContinue reading “Homebuyers Guide: Tips For Getting Started With Your Search”
Rising Mortgage Rates While You’re Waiting For Your Home to Be Built
In the current market of high demand and low inventory, it’s common practice to be outbid numerous times when trying to purchase a home. Therefore, lots of homebuyers are opting to forgo the bidding wars and simply build a house. This can be an attractive option on paper but not necessarily simple. Labor shortages andContinue reading “Rising Mortgage Rates While You’re Waiting For Your Home to Be Built”
Is an Open House a Good idea in this Market? ￼
So much has changed in the last 3 years when it comes to those tried and true real estate practices. With Covid, the open house has faced the most disruption. After all, a pandemic and inviting strangers into your home didn’t exactly mix well. But now that the pandemic is largely behind us, agents areContinue reading “Is an Open House a Good idea in this Market? ￼”
Why Won’t My House Sell?
Sometimes homes just won’t sell – but why? Here are some top reasons that could explain everything. Pricing: The price is too high; this is by far the most common reason that a home is not selling in this market. Rarely if ever are we seeing a lack of demand – meaning sellers are enjoyingContinue reading “Why Won’t My House Sell?”