Thursday, April 14, 2022 / by Margie Wright
When you sell your house, of course one of the main goals is to get as much money as you can from it to go towards your next home. You want to sell it for the highest price possible, and in today's market, that number is likely higher than you think. With the high demand for houses and the subsequent low inventory available, homes are selling for asking price or more with some sellers even having to look at bidding wars occurring. Despite all this, though, pricing your house right is critical to getting it sold. Pricing it too high or too low could have a negative impact on your final sale.
The price you set for your house sends a message to all potential buyers. Pricing it too low can send the message that there might be something wrong with the house. Even if the conditions are fine and things are better than they used to be when you first got the house, that initial price point can make it seem too good to be true. Plus, you could end up leaving money on the table which . ...
Thursday, February 17, 2022 / by Margie Wright
When you start seriously looking at homes, there's a lot of language thrown around that can be rather confusing. More often than not, there's no explanations for those terms, no explanation on what the acronyms stand for, and the internet tends to give the most confusing answer first. That's why I wanted to make this blog of the most important and most common terms that you need to know! Bookmark this page so you have it on hand whenever you come across these terms.
If you have questions about anything, or if there's a term you've seen that's not on this list, reach out! It'd be my pleasure to explain and provide answers to all of your questions!
Approved for Short Sale: This term means that a homeowner's bank has approved a reduced listing price on the home, and the home is ready for resale.
Buyers Market: This term describes how the real estate market is doing. When a market is a buyers market, that means that there are more homes on the market than there are buyers . ...
Thursday, January 13, 2022 / by Margie Wright
Some things about the homebuying experience aren't talked about as much. Thankfully, the internet exists! Homebuyers (from first-time buyers to seasoned buyers) are much more open to sharing their experiences now. The good, the bad, and the ugly are let loose for you to learn from. Tips, tricks, and advice are always great to have when you're making a big investment like this. You want to try to minimize the stress, surprise costs down the road, and the headache of navigating it all by yourself. Here are the top things that you will want to know before buying your home!
1. Figure out what you can realistically afford
The price tag on the home itself will help you get started, but it's imperative you know what you've been approved for and what you can pay comfortably on your mortgage each month. Principal, interest, taxes, and insurance make up your house payment. If you're buying closer to the top of your approved range, you may be making payments and barely scraping by. By taki. ...
Thursday, January 6, 2022 / by Margie Wright
Throughout the pandemic, the housing market took a hit. It's been a whirlwind. In 2021, we continued to see a crazy market here in the real estate world. We've seen a change in what people are looking for, what areas are becoming more and more popular, and not to forget the pricing. With incredibly low mortgage rates, it comes as no surprise that people were jumping to buy a home. However, this easily fed into the housing shortage due to supply chain shortages and an already low inventory of housing. We've seen home prices raise due to the demand, and renting prices did just the same thing. We haven't seen too much change in the inventory, as there is still a very high demand and a relatively low inventory.
So what are we predicting to happen in 2022?
We're seeing, first, a continual rise in home sales as we go into the new year. We will also see a gradual uptick in mortgage rates, making affordability a major concern and one of the first things that home buyers will be loo. ...
Wednesday, December 15, 2021 / by Margie Wright
Selling a home is such an exciting time! You've gone through the process of getting your home ready, updating things, and working with your real estate agent to determine the best possible price for your home. The offers start rolling in... how do you choose?! There will no doubt be different offers of different amounts with different financing methods. Some people even have certain contingencies or requests for you along with their deal. So which one do you go for?
If only it could be that simple...
When you start getting the offers in, there's a few things you want to look at. It can help to go ahead and start talking to your agent about these factors ahead of time so you don't run into unexpected problems or get too overwhelmed later down the line.
1. Research your preferred financing method
It will likely happen that different numbers will be thrown around for the offer on your home. One of the most important things, regardless of what price is decided on in the end, . ...