The housing market displayed a slowdown in sales but a rise in prices in May, according to a new report by the National Association of Realtors (NAR). Sales of existing homes fell by 0.7 percent month-over-month and 2.8 percent year-over-year, despite an increase in listings. The annual pace of home sales in May slowed to 4.11 million. High mortgage rates contribute significantly to the sluggish...
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Preparing to sell your home is a significant undertaking. From hiring a real estate agent and getting your home appraised to passing inspections, the process often spans several months. One of the most crucial aspects is ensuring you get the most value for your home by maximizing its asking price. While painting your front door and staging your home can create a good first impression, some additional...
Owning property is a dream for many, but navigating the world of real estate can be daunting. Understanding what affects property value is crucial for buyers and sellers to make informed decisions. So, let's unlock the secrets behind the seven key factors that determine a property's worth. First and foremost, location plays a pivotal role. A property's address significantly impacts its value, and for...
Getting ready to sell your home? While it might seem like all your neighbors had to do was put up a 'for sale' sign and watch the offers pour in, for most of us, selling a house isn't that easy—especially in an increasingly crowded market. Today's sellers often face much more competition than just a few years ago. Your house probably isn't the only one for sale in your neighborhood, or even on your...
Selling a home is a significant milestone, and it can be a complex process involving numerous steps: preparing and listing, making repairs, finding a buyer, navigating the closing process, and finally moving into your next place. The consequences of a mistake can impact your finances and, most importantly, your peace of mind. Opendoor, which buys and sells thousands of homes per month, understands the...
With buyer competition fierce in early 2024, wouldn't it be nice to avoid the competition altogether? The key is to find deals before they hit the market. Here are ten effective ways to discover off-market real estate deals. 1. Pre-Foreclosures Pre-foreclosures involve homes where owners have missed mortgage payments and the lender has issued a notice of default. Investors can help homeowners avoid...
The real estate landscape is ever-evolving, but 2024 presents unique opportunities and challenges that make it particularly noteworthy. Dubbed "The Year of the Fives," this period promises significant shifts and trends that real estate professionals and their clients should be prepared to navigate. A Fresh Outlook on Mortgage Rates After a period of elevated mortgage rates peaking around 8% at the...
Renovating your home can be an exciting journey, filled with the promise of transforming spaces and enhancing living experiences. However, not all home upgrades are equal in terms of yielding a positive return on investment (ROI) when it's time to sell. Understanding which renovations might not pay off can help homeowners make more strategic decisions about where to allocate their renovation budgets. Here...
The journey of selling your home is punctuated by the strategic dance of negotiation. Beyond the allure of initial offers lies the nuanced realm of bargaining—a space where deals are shaped, reshaped, and ultimately sealed. It's in this arena that sellers must employ shrewdness, insight, and a sprinkle of creativity to navigate towards the most advantageous outcomes. Here, we unveil seven pivotal...
In the ebb and flow of the real estate market, while the sharp edges of home price growth soften and mortgage rates tender their resignation from peaks, the dream of homeownership remains a vigilant beacon for many. Yet, amid the whispers of affordability and the scarce whispers of 'For Sale' signs, the journey to acquiring the keys to your future dwelling demands more than just daydreams and desire....