In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 17% looking at … [Read more...]
Home Prices: Where Will They Be in 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. The results of their latest survey: Home values will … [Read more...]
Buying a Home? How to Choose the Right Mortgage Option and How much Down Payment do you really need?
With rates rising since the election many buyers are asking us should they buy now and what sort of mortgage should they get? And how much down payment do they need? Down payment options are as low as 0% and can be as high as 20% depending upon the type of mortgage you may qualify for. If you’re veteran you can generally get a VA loan(see below) and if not there are some $0 down homes available in rural area with income and location restrictions. If you are not a veteran or hunting in … [Read more...]
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