Buying or selling real estate is oftentimes the largest financial transaction in the lives of most Americans. Needless to say, having a team of real estate professionals including a real estate agent, mortgage broker (if applicable), & a real estate attorney is extremely important. With this said, many buyers and sellers often come back to… Continue reading Do I Need A Real Estate Attorney?
The COVID-19 pandemic has had some long-lasting impacts on our daily lives. From where we live to how we conduct business, it seems that most aspects of life are different as compared to the beginning of 2020. Perhaps the biggest impact from the pandemic on the real estate market has been the booming popularity of… Continue reading Demand For Home Gyms Is On The Rise
Forty-year high inflation and now an officially titled recession are certainly having some impacts on the housing market. In what has only been several months, we have gone from insatiable buyer demand to millions of buyers being priced out of the market. In turn, this has led to more properties remaining on the market for… Continue reading 6 Things You Should Know About The Current Housing Market
If you are currently a renter that feels like you are priced out of the home buying market, you are certainly not alone. In fact, it is estimated that approximately 18 million Americans have been priced out of the home buying market due to higher mortgages alone this year. For more on this, check out… Continue reading Tips For Renters Priced Out Of The Home Buying Market
With The Federal Reserve aggressively raising interest rates to fight record-high inflation, we have certainly seen a significant slowdown in the real estate market. Perhaps one of the best indicators of this slowdown is the number of home showings per listing in the current market. According the showing management site ShowingTime, the number of home… Continue reading Fewer Showings Per Listing
Nationwide, we have been in a strong seller’s market for the past several years. In fact, many homes listed for sale ended up with multiple offers over asking price and thus resulting in bidding wars. Subsequently, it was quite rare to see sales contracts canceled. Those days are over now though. As of last week,… Continue reading Contract Cancellations Are On The Rise
As a home buyer it is normal to want to pay fair market value or less for the property that you are considering. If you are obtaining a mortgage to purchase the home, your lender will certainly feel the same way. After all, lenders do not want to loan more money than an asset is… Continue reading What Is An Appraisal Contingency?
As we have discussed in previous articles, perhaps the biggest pandemic impact on the real estate market is the popularity of the virtual workspace. With many companies now allowing their employees to work from home, we have seen a record number of out-of-state moves. To view our previous article about the remote working environment and… Continue reading Moving To Florida
Whether you are buying or selling a home, it is critical that you are well aware of the property lines. Property lines are imaginary boundaries that divide one property from another. As a buyer, besides wanting to know exactly what you are buying, you will also need this information for any future work that you… Continue reading The Importance of Property Lines
Home ownership is still “The American Dream”, yet the current economy is providing significant headwinds for many Americans desiring to build credit and ultimately purchase a home. In addition to inflationary pressures and all-time high fuel prices, rental prices have also increased substantially over the past few years. (To read more about rental price increases,… Continue reading A New Tool To Help Renters Qualify For Mortgages