Today In Real Estate Get The Skinny
Our inventory remains low, but there's a promising sign as more homes are hitting the market early. Pending sales have surged by 8.0% compared to the previous month, marking the most significant increase since 2020. This is a positive turn of events! The rise in activity hints at a brighter market outlook. With the warmer weather and a slight dip in mortgage rates, more homebuyers are re-entering the market. In fact, home sales have spiked by 18% compared...
The Key to Selling Success: How to Assess Your Home's Value before Listing.
How to Determine the Value of Your Home Before Listing It for Sale
As a homeowner looking to sell your property, it's important to know how much your home is worth in today's market. This will help you set a realistic goal and price your home correctly. Keep in mind that home values can fluctuate based on various factors, such as location and...MYTHS About Today's Housing Market
Some Highlights
* If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions. * Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guid...A mortgage escrow account is an account established by a mortgage lender to hold funds collected from a homeowner to pay for property taxes, homeowner's insurance, and other related expenses. The following items are typically included in a mortgage escrow account:
Property taxes: The lender will collect a portion of the homeowner's property taxes each month and hold them in escrow until the tax bill is due. Homeowner's insurance: The lender will collect a portion of the homeowner's insuranc...
The closing process on a new home typically involves several steps to finalize the sale and transfer of ownership from the seller to the buyer. Here are some of the key steps that may be involved:
Review and sign the purchase agreement: This is the legal contract that outlines the terms of the sale, including the purchase price, contingencies, and other important details. Obtain a home inspection: Before closing on the home, it's important to have it inspected by a professional to identif...
Preparing your home to sell can be a big task, but it's worth it to ensure that you get the best possible price and attract potential buyers. Here are some steps to follow to get your home ready to sell:
Declutter and Depersonalize: The first step is to remove any clutter and personal items from your home. This includes removing excess furniture, knick-knacks, and family photos. This will make your home feel more spacious and allow potential buyers to visualize them...- 1
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