With spring market comes an increase in buyers, thus more competition. This is especially noticeable in a market where the housing inventory is already low. But keep in mind there are benefits to being a buyer that give you good reason to stick with your home search. The truth? This is a market where youContinue reading “Trying to Buy a Home? Hang in There!!”
Author Archives: Your@Home Team with Re/Max Results
Is a 20% Down Payment Really Necessary To Purchase a Home?
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment isContinue reading “Is a 20% Down Payment Really Necessary To Purchase a Home?”
We’re in a Seller’s Market… Why Buyers are Buying and Sellers are Selling!
Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house or buy your first orContinue reading “We’re in a Seller’s Market… Why Buyers are Buying and Sellers are Selling!”
Get Ready: The Best Time To List Your House Is Almost Here
If you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching. Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year: “Home sellersContinue reading “Get Ready: The Best Time To List Your House Is Almost Here”
Mortgage Rates, Bank Failures and Fed Meeting….
A little over a week ago, we were expecting employment numbers and the inflation news to affect the Fed meeting being held today. Now we are still looking at those reports but also bank failures! That was not on the radar for most people until this past week. So what does that mean for mortgageContinue reading “Mortgage Rates, Bank Failures and Fed Meeting….”
Leveraging Your Equity – Selling Your House, Planning for Retirement and So Much More!
In following up on last week’s blog about the benefits of owning over renting, one of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equityContinue reading “Leveraging Your Equity – Selling Your House, Planning for Retirement and So Much More!”
Is It Really Better To Rent Than To Own a Home Right Now?
If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both currentContinue reading “Is It Really Better To Rent Than To Own a Home Right Now?”
What You Should Know About Rising Mortgage Rates
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buyContinue reading “What You Should Know About Rising Mortgage Rates”
Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance
To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the marketContinue reading “Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance”
DECREASING the GAP
Programs aimed at increasing homeownership among African Americans February is Black history month. Past real estate industry practices, educational opportunities, lack of access to the G.I bill for housing and educational benefits among other things have made it more difficult for minority families to enter the housing market and create generational wealth. Minnesota has theContinue reading “DECREASING the GAP”
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