14 12, 2016

The #1 Reason to Sell Now… Not Next Spring

By |2017-12-28T12:04:48-06:00December 14th, 2016|Categories: All Articles, Buying A Home, First Time Homebuyers, Sellers|Tags: , , , |0 Comments

The price of any item (including residential real estate) is determined by 'supply and demand'. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. That's why it might be a good idea to sell now. A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the [...]

23 10, 2016

Know Your WANTS vs NEEDS With Home Search

By |2016-10-23T12:07:35-06:00October 23rd, 2016|Categories: All Articles, Buying A Home, First Time Homebuyers|Tags: , , , |0 Comments

In this day and age of being able to shop for anything anywhere, it is really important to know your wants when you start your home search. If you've been thinking about buying a home of your own for some time now, you've probably come up with a list of things that you'd LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale with rose-colored glasses. Know Your Wants Do you really need that farm sink in the kitchen [...]

20 10, 2016

Appraisers & Homeowners Don’t See Eye-To-Eye on Values

By |2016-12-27T14:10:48-06:00October 20th, 2016|Categories: All Articles, Sellers|Tags: , , |0 Comments

In today's housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the selling price when performing the appraisal for the bank. Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to [...]

17 10, 2016

The Past, Present & Future of Home Prices

By |2016-12-27T14:10:55-06:00October 17th, 2016|Categories: All Articles, Buying A Home, First Time Homebuyers|Tags: , , |0 Comments

Home prices nationwide, including distressed sales, increased year over year by 6.2 percent in August 2016 compared with August 2015 and increased month over month by 1.1 percent in August 2016 compared with July 2016,* according to the CoreLogic HPI. The CoreLogic HPI Forecast indicates that home prices will increase by 5.3 percent on a year-over-year basis from August 2016 to August 2017, and on a month-over-month basis home prices are expected to increase by 0.4 percent from August 2016 to September 2016. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic [...]

7 09, 2016

5 Reasons to Sell This Fall

By |2016-09-07T19:05:51-06:00September 7th, 2016|Categories: All Articles, Sellers|Tags: , , , |0 Comments

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family. Here are five reasons why you should consider selling your house this fall: 1. Demand Is Strong The latest Realtors' Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase... and [...]

5 09, 2016

Buying Remains 36% Cheaper than Renting!

By |2016-12-27T14:11:01-06:00September 5th, 2016|Categories: All Articles, Buying A Home, First Time Homebuyers|Tags: , |0 Comments

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to 46% in Houston (TX), and 36% Nationwide! A recent study by GoBankingRates looked at the cost of renting vs. owing a home at the state level and concluded that in 36 states it is actually 'a little' or 'a lot' cheaper to [...]

30 08, 2016

Don’t Get Caught in the Rental Trap!

By |2016-12-27T14:11:06-06:00August 30th, 2016|Categories: All Articles, Buying A Home, First Time Homebuyers|Tags: , , |0 Comments

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don't Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a "Rental Affordability Crisis." He warns that, "Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they'll outpace home price appreciation in the year ahead." In the Joint Center for Housing Studies at Harvard University's 2015 Report on Rental Housing, they reported that 49% of [...]

27 08, 2016

Real Life vs. Reality TV: 5 Myths Explained

By |2016-08-27T21:04:05-06:00August 27th, 2016|Categories: All Articles|0 Comments

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV 'show hole'*? We've all been there... watching entire seasons of "Love it or List it," "Fixer Upper," "House Hunters," "Flip or Flop," "Property Brothers," and so many more, just in one sitting. When you're in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check. Reality TV Show Myths vs. Real Life: Myth #1: Buyers look [...]

22 07, 2016

Would You Qualify for a Mortgage Now?

By |2016-12-27T14:11:10-06:00July 22nd, 2016|Categories: All Articles, Buying A Home, First Time Homebuyers|Tags: , , , |0 Comments

The widespread myth that perfect credit and large down payments are necessary to qualify for a home loan are holding many potential home buyers on the sidelines. According toEllie Mae's latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true. Below is a graph of the distribution of FICO scores of approved loans in May (the latest available data): Looking at the chart above, it becomes obvious that not only do you not need a 750+ credit score, but 54.9% of approved loans [...]