Expenses You Can Expect: Understanding The Closing Costs of a Real Estate Transaction
Many clients are shocked when they learn that, on top of everything else, they must pay closing costs for their real estate transaction to close. Closing costs are no small fee either. Typically closing costs can range from 3-6% of the home’s purchase price. So, what do closing costs cover, and who is responsible for […]
Real Estate Home Prices and How They are Determined
Have you seen the posts on social media showing what type of house you can get in different cities? They’ll show a $500,000 home in California versus a $500,000 home in Nebraska, and the difference is incredible. How can you afford a big, beautiful house in one area but hardly anything in another? It turns […]
What you Need to Know if You are Buying or Selling a Home in this Shifted…Shifting…Market
The real estate market has been sick for years. It has had a fever. An extremely high fever at that. The past 2-3 years has been historically ridiculous. Historically, traditional real estate markets appreciate 3-6%. The market over the last two years skyrocketed at an average of about 17%. We don’t need to cover why […]
Key Terms Every First-Time Homebuyer Must Know
If you’re in the middle of a home purchase, you’ve probably heard some terms that sound unfamiliar. After all, if you’re a first-time homebuyer, or even if it’s been a while since your last home purchase, it might feel like you’re being introduced to a whole new world! To help make the home buying process […]
The 20% Down MYTH: The Real Truth Around the Down Payment
The real estate industry changes frequently, but so many of us rely on information passed down from people who haven’t bought or sold a home in decades. One of the biggest myths new homebuyers hear from their parents, grandparents, or even older friends or coworkers is that they need to have a 20% down payment. […]
Avoid Getting Burned as a Buyer in a Hot Sellers Market
We’re starting to see the market go from a red hot seller’s market to a regular seller’s market. But don’t let that fool you – if you’re a buyer, you still need to be cautious. Here are some ways to avoid getting burned as a buyer in a hot seller’s market: Don’t Be Overly Picky […]
Why Your Offer Is Not Getting Accepted
You found the home of your dreams, only to have them shattered when your offer gets rejected. It’s a terrible feeling that most homebuyers experience at least once in today’s real estate market. Let’s look at some reasons why your offer might not be getting accepted and what you can do to make sure your next […]
How to Avoid Being Homeless as a Seller in Today’s Housing Market
We all know that now is the time to sell a home. There has truly never been such an extreme seller’s market. If you’ve been thinking about taking advantage of the quick increase in equity but are concerned about where you would move to next, you aren’t alone. As great as the market is for […]
What You Should Know About Buying New Construction Homes
Finding a home that works for you and your family in the resale real estate market can be quite the challenge. Inventory is ridiculously low and competition is high. If you aren’t willing to battle it out with other buyers, a new construction home may be something to consider. The process of building a home […]
Should I Refi? What to Consider Before Refinancing Your Mortgage
Have you been getting tons of advertisements telling you now’s the time to refinance your home? These advertisements promise a huge monthly savings and sometimes sound too good to be true. Let’s look at what a refi is and what you should consider before getting one. What Is a Refi? Refi is short […]