Mortgage interest rates have increased by more than half of a point since the beginning of the year and will likely increase by an additional half before 2019. With this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry disagree.
Read MoreHere are five reasons listing your home for sale this summer makes sense.
Read MoreFor Sale by Owner (FSBO) is when homeowners sell their own homes. Often times they rationalize that they don’t need a real estate agent and believe that they can save money on the services a real estate agent offers.
Read MoreMortgage interest rates have risen by more than half of a point since the beginning of the year. Many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true.
Read MoreLast week we discussed how national home prices have increased by 6.7%. Additionally, interest rates have remained historically low which has allowed for more buyers to enter the market. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year.
Read MoreHomes are appreciating, which is what makes buying one such an excellent investment. According to Pulsenomics’ most recent Home Price Expectation Survey, home prices are expected to appreciate, on average, by 3.6% per year over the next 5 years and grow 18.2% cumulatively. What does that mean for homeowners? Equity and more of it.
Read MoreDuring spring and summer, we see an influx of buyers competing for the same properties. An active marketplace demands that buyers set themselves apart from each other. One of the easiest ways to do that is to show how serious they are about purchasing a home. Getting pre-approved for a mortgage demonstrates dedication, expedites the loan process and provides an accurate view of the buyer’s budget. To us, starting the buying process with a pre-approval is an absolute must. Otherwise, you’re going into the market blind to what you can afford.
Read MoreHousing prices are high, but would you believe that the actual cost of homes is lower today than ever before? Historically prices were lower, however, wages were also lower while mortgage rates were higher. Keeping that in mind, the actual cost to own is cheaper now.
Read MoreThere is more to selling a house than just putting it on the market – especially in a busy season like spring. With these tips, you’ll be more likely to make an impression on prospective buyers. Last week we talked about Improving Your House’s Curb Appeal. This week we’ll tell you how to make your buyers feel at home (and inspiring them to actually make it their home!).
Read MoreThere is more to selling a house than just putting it on the market – especially in a busy season like spring. With these tips, you’ll be more likely to make an impression on prospective buyers. This is something real estate agents consider very important this time of year.
Read MoreNow is a great time to upgrade to a luxury home if you’re ready. Last month, The Institute for Luxury Home Marketing released its Luxury Market Report showing that buyers are in control of the previously balanced luxury market. With available properties far exceeding willing buyers, more luxury homes are entering the market and staying there longer. For the ready buyer, this can lead to discounted prices and friendlier negotiations on absolutely premium pieces of real estate.
Read MoreIf you’re planning to sell your home in 2018, get ready for some competition! According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits for single-family homes is up 7.4% over last year. A nice situation for buyers, but a more difficult one for sellers.
Read MoreOpen houses can be a great way to appeal to potential buyers, but it can be cringe-worthy having strangers scrutinize your space. While the basics of throwing an open house are commonly known (clean your home, pick up snacks, etc.) there’s more that you can do to ensure a successful event. Here are a few tips that you may not have thought of:
Read MoreWhile spring and summer are more popular seasons for house hunting, winter should not be overlooked. The colder and shorter days may not inspire you to go look at houses, but consider this: they aren’t inspiring other buyers either. This means you’ll likely have fewer to compete with when you’re ready to make an offer. That lack of competition is just one of the many reasons to consider buying a home in the winter.
Read MoreThe leaves are turning, the air is getting crisp, and the temperatures are cooling. We are officially entering the fall season. As we gear up for autumn, we are feeling enthusiastic about what this time of year means for the real estate market.
Read MoreIn July, we were honored to volunteer with Hope in Our City, an organization committed to engaging refugee communities in the Denver area. Through sports, education, and experiences, they aim to help at-risk individuals develop the life-skills required to advance in and contribute positively to the world around them.
Read MoreChoosing the right realtor entails more than just hiring someone with credentials. Preparing to buy or sell a home can be daunting, but hiring the best realtor for your needs can make an overwhelming process much easier. What makes a realtor “right” can vary on your aspirations, requirements, and even personality. Here are our tips for helping you choose the best agent for you and your real estate goals.
Read MoreRenovations are a great way to increase the enjoyment of home ownership. Additionally, they can raise your home’s monetary worth when the time comes to sell your property.
Read MorePurchasing a new home is an exciting time. However, the numbers can make the process confusing and stressful. Real estate professionals regularly mention credit scores and interest rates, but their connection to each other is not always clear. When purchasing a property, this information can determine a lot in terms of cost for you and your family. It’s a good idea to familiarize yourself with their role before buying a home.
Read MoreIn June, we recognized Metro Caring, Denver’s Frontline Hunger-Prevention Organization, through a financial donation and volunteer work. Thier mission to provide nutritious food to hungry families and individuals while promoting health and self-sufficiency speaks to our own values of contributing positively to our ever-changing world and environment.
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(203) 231-1236
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(914) 365-7575
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