With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]
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Home Buyers
Finding a Home You Love is Something to Smile About
There’s a lot that goes into the purchase of a home. From the location of the neighborhood, to the schools in the community. From shopping convenience to interstate access, much is to be considered when taking the plunge into home ownership. But the rewards of owning a home are beneficial and the satisfaction is high. […]
Buying Myths / First Time Home Buyers / For Buyers / Housing Market Updates / Rent vs. Buy
Buying a Home Is Cheaper Than Renting in the Majority of the US
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least affordable market for […]
Buying Myths / Down Payments / First Time Home Buyers / For Buyers / Infographics / Interest Rates / Move-Up Buyers
Home Buying Myths Slayed [INFOGRAPHIC]
Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall.
First Time Home Buyers / For Buyers / For Sellers / Interest Rates / Move-Up Buyers
Is Family Mortgage Debt Out of Control?
Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have […]