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What To Know About Closing Costs Now that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your mind, don't forget about closing costs. …
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a …
As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control …
If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices. The bottom line is home prices are higher than they were a year ago at this time, and they’re expected to keep rising, just at a slower …
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Thinking about getting a second home? Whether it's a cozy beach spot, a rustic mountain escape, or an investment opportunity, expanding your real estate horizons can be super exciting. But before you take the plunge, there are a few important things to think about to make sure everything goes smoothly. Things to consider when buying …
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Introduction: In today's dynamic real estate market, navigating the buying or selling process can be complex and daunting. However, enlisting the expertise of a professional real estate agent can make all the difference. In this Blog, we will explore the many benefits of working with a real estate agent, from their invaluable expertise to their …
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In the dynamic world of real estate, timing can often be the difference between securing your dream home at an optimal price and missing out on a golden opportunity. In this blog, we'll dive into the compelling reasons why seizing the moment to buy a home before the market softens can prove to be a …
Exploring the Trends Shaping the 2024 Real Estate Market As we step into 2024, the landscape of the real estate market continues to evolve, driven by various factors including technological advancements, demographic shifts, and global economic changes. In this blog post, we'll delve into the top trends that are shaping the real estate market this …
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Seizing the Opportunity: Why You Should Consider Buying a Home Before Mortgage Rates Fall The decision to purchase a home is a significant milestone in anyone’s life, often accompanied by careful budgeting and planning. In the ever-changing landscape of the real estate market, one factor that can greatly impact your homebuying journey is mortgage rates. …
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A Comprehensive Guide to Buying a House with $0 Down! Are you dreaming of owning your own home but worried about the hefty down payment? Don't stress! Today's real estate world offers solutions for eager homebuyers. In this guide, we'll walk you through practical and accessible budgeting strategies. These strategies turn the dream of homeownership …
Busting Common Real Estate Myths Greetings real estate enthusiasts! Today, let's dive into the world of real estate myths and unravel some misconceptions that might be steering you in the wrong direction. Myth 1: 20% Down Payment is Needed to Buy a House Let's dispel the notion that a substantial 20% down payment is an …
Are you on the hunt for the ideal neighborhood that perfectly suits your family's needs? You're not alone! Choosing the right neighborhood is just as important as discovering the right pair of shoes. It should suit well, provide comfort, and resonate with your style. Let's explore the steps together to find a neighborhood that truly …
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"Smart Steps: Financial Planning for Homebuying - Budgeting and Saving Tips” Photo by Karolina Grabowska on Pexels.com Welcome to the journey of homeownership! Purchasing a home is a significant milestone that requires careful financial planning. To ensure a smooth and stress-free process, it's crucial to establish a solid budget and implement effective saving strategies. In …
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If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. According to the National Association of Realtors (NAR), 38% of first-time homebuyers find saving for a down payment the most challenging step. But the reality is, you probably don’t need to put down as much as you think: Data from NAR shows the median …
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Navigating the House Hunt: Red Flags When Viewing Your Future Home When it comes to purchasing a new home, the excitement of the house hunt can sometimes cloud our judgment. Envisioning a life in a new space is thrilling, but it's crucial to keep an objective eye out during property viewings. To ensure that your …
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What’s Ahead for Home Prices? As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most …
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy …
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There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has been growing over the past four months as rising mortgage rates help slow the frenzy the housing market saw …
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% …
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If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is great …
Continue reading "Average Homeowners Gained More Than $55K in Equity over the Past Year"
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