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Buyers Some helpful tips about assumable mortgages What Is an Assumable Mortgage? An assumable mortgage is a type of financing arrangement whereby an outstanding mortgage and its terms are transferred from the current owner to a buyer. By assuming the previous owner’s remaining debt, the buyer can avoid obtaining their own mortgage. Different types of loans can qualify as assumable mortgages, though there are […]
Buyers Why Buyers Need an Expert Agent by Their Side Why Buyers Need an Expert Agent by Their Side The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up […]
Buyers What You Need To Know About Home Price News What You Need To Know About Home Price News The National Association of Realtors (NAR) will release its latest Existing Home Sales Report today. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, […]
Buyers How Homeowners Win When They Downsize How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. […]
Buyers A Recession Doesn’t Equal a Housing Crisis A Recession Doesn’t Equal a Housing Crisis Everywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a […]
Buyers Why Buying a Home Makes More Sense Than Renting Today Why Buying a Home Makes More Sense Than Renting Today Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have […]
Buyers Ways To Overcome Affordability Challenges in Today’s Housing Market Ways To Overcome Affordability Challenges in Today’s Housing Market Some Highlights With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for […]
Buyers What’s the Difference Between a Home Inspection and an Appraisal? What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of […]
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Buyers Think Twice Before Waiting for Lower Home Prices Think Twice Before Waiting for Lower Home Prices As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social […]
Buyers Realtors look out for your best interests! I came across this article this morning in my email.  It is a reminder of why it is so important to hire a professional to look out for your best interests.  You could hire a lawyer that will require payment upfront or you could hire a real estate professional to represent you through the entire […]
Buyers Mortgage Rates Decrease – Inflation Decelerates Interest Rates have started to curl back!  There were a lot of contributing factors from the financial segment yesterday, but the biggest is the CPI coming in at 7.7%, which is far better than economists anticipated but still too high for the Fed’s liking. The Fed likes to see no more than 2% year over […]
Buyers Is a Buyer’s Market on the horizon? Buyer’s Market May Be Slowly Moving In Buying a home today has become a bit of a blood sport, rife with bidding wars pushing offers well over the asking price as buyers scramble to land a house. It’s been hard, we won’t lie. But every seller’s market does eventually have an end. Now, it appears that in certain areas, the market pendulum might slowly […]
Buyers Who pays for that? Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent commission is in their area, according to a report by the Consumer Federation of America. […]
Buyers Higher Rates and Short Supply: The State of Real Estate in 2022 The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.¹ But while some had hoped 2022 would bring […]
Buyers Solid bets to beat inflation with Real Estate The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you. Economists expect the effects of inflation, like a higher cost of goods, to continue.2Luckily, an investment in real […]

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