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”

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”

Think it’s a buyer’s market? Don’t be that buyer.

It’s true that we are not in the peak of the market boom we were in the past couple of years.  But that doesn’t mean buyers suddenly hold all the power like some seem to think.  In fact, there are still a lot of markets (like Philly, for example) where the market is still hotContinue reading “Think it’s a buyer’s market? Don’t be that buyer.”

Appraisers: Demystified

Some have compared appraisals to a report card for your house.  Banks and lenders want to make sure that lending you money is a good investment for them and ensure the home is what it seems.  On the other hand, sellers are interested in appraisals because they ultimately impact the asking price. The process ofContinue reading “Appraisers: Demystified”

Could empty office buildings bring down home prices?

What if I told you that some of the country’s most desirable real estate locations are currently sitting mostly un-utilized? What if I also told you that these places could be a key to opening up more opportunities for homebuyers, senior citizens, etc. More opportunities means more housing.  More housing means more supply. More supplyContinue reading “Could empty office buildings bring down home prices?”

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?”