How Hard is it to Buy a Home Right Now?

The pandemic-era real estate market has emerged as a windfall for sellers and a headache for buyers. A shortage of for-sale homes continues to boost prices across the nation by double-digits — and is pushing house hunters to go to extremes to win bids. Some potential buyers are going way over asking price without seeing theContinue reading “How Hard is it to Buy a Home Right Now?”

What are Contingencies in Real Estate?

When you’re working on the computer, the undo button can be an invaluable tool. So can a contingency clause when you’re looking to buy or sell a home. Contingency clauses provide a way for one or both parties to back out of a real estate contract if certain specified conditions are not met. Common contingenciesContinue reading “What are Contingencies in Real Estate?”

2021 Opens With a New Record Low for Mortgage Rates

The average 30-year mortgage hit an all-time low of 2.65% this week, according to data from Freddie Mac released Thursday. Despite predictions that mortgage rates would slowly tick back up in 2021, the new year opened this week with the same old story: mortgage rates hitting a new record low.  The average rate for the 30-year fixed-rate mortgageContinue reading “2021 Opens With a New Record Low for Mortgage Rates”

Tips for First Time Homebuyers

Buying a house for the first time might seem like an unattainable goal as U.S. home prices soar and affordable homes are in short supply. With planning and discipline, though, that goal might not be as unreachable as you think. First-time homebuyers who need to whip their finances into shape may have more success if theyContinue reading “Tips for First Time Homebuyers”

Want to Sell Your House Fast? 7 People You Need on Your Team

Whether you’re a first time or experienced seller, having a talented team of professionals on your side can mean the difference between a quick and stress-free selling experience and one that isn’t. So before you put your house on the market, here are seven key people you’ll want on your team to help sell yourContinue reading “Want to Sell Your House Fast? 7 People You Need on Your Team”

What Can Hurt Your Property Value

Property values fluctuate as a result of many factors, and as a homeowner, it’s important to be aware of factors that can drive home value down. Some of these factors are out of your control, such as market conditions, interest rates, and the economy, while others are very much in your control. From unappealing renovations to neglecting maintenance onContinue reading “What Can Hurt Your Property Value”

What You Should Know About the Underwriting Process for a Mortgage.

How long does mortgage underwriting take? The mortgage underwriting process can take anywhere from a few days to a few weeks, depending on whether the underwriter needs additional information from the borrower, what demand is like for the lender and how streamlined the lender’s practices are. Keep in mind, however, that underwriting is just oneContinue reading “What You Should Know About the Underwriting Process for a Mortgage.”

How Covid is Effecting Real Estate: Good Deals Vs Good Location

Remember when finding a home close to your office, in a trendy neighborhood, or zoned to a specific school district was a top priority? These days, things are different. In this post-pandemic world, the classic real estate motto of “location, location, location” is no longer what’s driving buyers. Now, it’s all about “deal, deal, deal”Continue reading “How Covid is Effecting Real Estate: Good Deals Vs Good Location”

28% of People who Moved This Year did so to Avoid Catching Covid

A total of 15.9 million people moved between February and July this year, according to MyMove, a platform that provides information for people who submit a change of address with the United States Postal Service (USPS). As coronavirus wreaked havoc across the nation, people’s reasons for moving no doubt varied. However, by analyzing data from USPS andContinue reading “28% of People who Moved This Year did so to Avoid Catching Covid”

Mortgage Rates: How Low Will They Go?

Mortgage rates have been incredibly low now for quite a while. There are a couple of big reasons for this that we’ll touch on below. There’s no doubt that part of this was due to spooked equities last week as tech stocks in particular have seen volatility. Much of the selloff was based around stocksContinue reading “Mortgage Rates: How Low Will They Go?”

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