why you should list your home for sale NOW
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If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!
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5 reasons millennials choose to buy a home
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The primary concern among millennials is affordability. It’s clear that they want to buy. However, there are plenty of misconceptions about what is really required to purchase a home. A little clarity may be the extra boost they need.
Read Moremedian home values state by state in 2018
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If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
Read Moredo you need 20% down to buy a home? no.
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The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The survey shows that the main reason non-homeowners do not own their own homes is that they believe they cannot afford them.
Read Morekids’ opinions matter big when buying a home
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When the results were broken down by the parent’s age, millennials (those 18-36) led the way. 74% of homeowners saying that their child’s opinion was a factor in choosing which home to buy. Eighty-three percent of renters believe that their child’s opinion would be a deciding factor when looking to purchase a home.
Read Moreis it a good time to rent or buy?
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People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is not a good time to rent.
Read Morewill home prices fall as mortgage rates rise?
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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 More5 reasons to sell your home this summer
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Here are five reasons listing your home for sale this summer makes sense.
Read Moredon’t make less by selling your own home
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For 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 Morenow may be the time to upgrade your home
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Mortgage 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 Morewaiting until next year to buy a home?
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Last 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 Morerising prices are building your family’s wealth
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Homes 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 Morewant to buy a home? time to get pre-approved.
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During 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 Morepay less for your home than your parents
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Housing 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 More20 ways to prepare your house to sell this spring | part 2
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There 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 More20 ways to prepare your house to sell this spring | part 1
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There 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 Moretime to buy a luxury home in Colorado
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Now 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 Morereal estate competition for sellers in 2018
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If 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 More6 tips for a successful open house
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Open 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 Morepros for buying a home in winter
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While 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.
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