Source: realestate.usnews.com “Escrow” is a term that comes up frequently in real estate transactions, but oftentimes, neither buyer nor seller fully understands how it works. Escrow is mandatory in most home sales, and mortgage lenders typically require borrowers to have escrow accounts to cover property … [Read more...] about What Is Escrow?
Real Estate
What You Need To Know About Home Price News
Source: simplifyingthemarket.com The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales … [Read more...] about What You Need To Know About Home Price News
How to Shop for a Lower Mortgage Rate
Source: realestate.usnews.com Borrowing a mortgage to buy or refinance a home can seem like a daunting process, especially when mortgage rates are much higher than they were just over a year ago. But with a little comparison shopping, it's possible to get a much lower mortgage rate than what you're offered … [Read more...] about How to Shop for a Lower Mortgage Rate
The Three Factors Affecting Home Affordability Today
Source: simplifyingthemarket.com There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just mortgage rates – it’s … [Read more...] about The Three Factors Affecting Home Affordability Today
Your Tax Refund Can Help You Achieve Your Homebuying Goals
Source: simplifyingthemarket.com Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses. SmartAsset estimates the … [Read more...] about Your Tax Refund Can Help You Achieve Your Homebuying Goals
The Role of Access in Selling Your House
Source: keepingcurrentmatters.com Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers. Your answer matters more now than it did in recent years. Here’s why. At the height of the buying frenzy seen during the … [Read more...] about The Role of Access in Selling Your House
How to Stage a House for Sale
Source: realestate.usnews.com Home staging is the act of cleaning, rearranging and remodeling parts of a property to make it more appealing to potential homebuyers. Professional home stagers are often brought in by real estate agents – or the agents practice a bit of staging themselves – to help homeowners make a house … [Read more...] about How to Stage a House for Sale
What Buyers Want in a House in 2023 (And What It Means For You)
Source: stuccco.com Since most homebuyers and homeowners have strong opinions about design, it's easy to assume that you know what increases the value of a home. However, when it's time to sell, don't make decisions based on your own opinion or what you've seen online. Instead, use real data about what buyers want in their … [Read more...] about What Buyers Want in a House in 2023 (And What It Means For You)
Why It’s Easy To Fall in Love with Homeownership
Source: simplifyingthemarket.com No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly … [Read more...] about Why It’s Easy To Fall in Love with Homeownership
What Homebuyers Should Know About Solar Panels
Source: realestate.usnews.com Buying a home has always been a complicated process. There are a lot of parts to a house that contribute to its ultimate fit to your personal needs, including the intangibles like the general vibe that the neighborhood puts out. You’ll be making important decisions about whether or not you want … [Read more...] about What Homebuyers Should Know About Solar Panels
