The housing market is currently a seller's market. The record-low mortgage rates coupled with low housing inventory have buyers competing for a home. Buyers are not only having to deal with the steep competition when it comes to offers, but they are also running into rising home prices. Here are six strategies for a buyer to follow that might help get their offer accepted above the rest. 1. Include an...
Purchasing a home can be both exciting and stressful but for a first-time homebuyer, the pressure can be quite a challenge. Here are seven tips to follow that will help you through the steps of becoming a first-time homeowner. Don’t buy a home primarily as an investment. The housing market is booming but that might not always be the case. When purchasing a primary residence, you should not purchase...
When selling a home, there are many factors that are within and outside your control. Luckily there are several tips and tools to use to speed up the sale of your home. Below are tips to help speed up the process and things to avoid which might detour a quick sale. Mistakes To Avoid When Selling Your Home There are common mistakes you can make that will slow down the home selling process. A big...
When it comes to owning a home there are several tax breaks to look at when filing your taxes. In 2018 the Tax Cuts and Jobs Act was passed which gave homeowners a tax break as part of the act. Here are the tax benefits for homeowners to think about when it comes to tax time. Mortgage Interest This is a huge benefit when it comes to your taxes. A homeowner can deduct the interest on a...
The 2020 Best in American Living™ Awards (BALA) were held virtually the last week of February. Among the awards, top design trends that will be seen in homes over the next several years were introduced. Here are the top nine trends you will see in 2021. Updates to overall styles. Modern design with traditional elements mixed in is the must for 2021. The National Association of Home Builders reveals...
Even though 2020 was a tough year for the world, the housing market was the best it has been in a while. CNN Business reported that existing home sales in 2020 rose to the highest level in 14 years as prices climbed to a record high. Home prices rose 9% from 2019 and the median price of existing homes rose to $295,000. The National Association of Realtors put these numbers out saying it is the highest...
A new year, a new home, this is a New Year's resolution many have on the brain. A professional real estate agent can help those who might think this is an impossible New Year's resolution turn it into a reality. A Realtor can help a first-time homebuyer prepare their finances, find a home the buyer can afford and close the deal. The Bank of America Real Estate Center® is a tool a Realtor can tap...
Many think of spring as the best season to sell a home, but this is not necessarily the case anymore. Since COVID-19 the housing market has changed in trends. This fall the market conditions and strong buyer demand fueled a perfect season to sell a home. The cool crisp air, vibrant leaves, pumpkin spice lattes and cozy sweaters are a refreshing change from the hot summer days and nights. Freddie Mac...
Even with the current hot housing market, there are tips that can help sell your home faster and for a higher price. If you are in the midst of or thinking about selling your home, now is the best time. According to Zillow, the pace of home sales is the fastest it’s been in more than two years. With historically low mortgage rates, low inventory and rising home prices buyers are ready to make a move....
The housing market is hotter than ever and multiple bids on a property are now the norm. Not to worry, there are many ways you can improve your chances of getting the house of your dreams. Here are some tips to follow when negotiating on a home with multiple offers. All-cash offers are hard to beat, but if you can't make an all-cash offer, offer above the asking price. A seller loves to hear that the...
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