Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 3, 2020

Pros and Cons: Home Equity Line of Credit

Part of the financial power of homeownership resides in your home’s equity. Unlike rent, which goes into a landlord’s pocket, the equity you build in your home can be a useful financial tool when the time is right. Home equity is defined as, “a homeowner’s unencumbered interest in their real property—that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property.” (Source: Wikipedia)

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Posted in Homeowners
July 23, 2020

Understanding Multiple Offer Situations

When inventory is tight and a market heats up, sellers often dream of finding themselves in a multiple offer situation. In a multiple offer situation, more than one potential buyer submits a written offer on the home. With multiple offers on a property, the listing agent can then try and “shop the top offer” in order to try and get the best deal possible for their client.

If you live in a hot market, how do you structure your listing in such a way that you get the best possible offers in a multiple offer situation?

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July 9, 2020

Evaluate Schools Before You Buy Your Home

 

The quality of schools is a contributing factor for anyone buying a home. More than half of all homebuyers with children under 18 years of age rate the quality of the local school district as a significant factor influencing their choice of a neighborhood. (Source: “Profile of Home Buyers and Sellers” from the National Association of Realtors). Even if you don’t have kids yourself, your next buyer might, and they might base their decision to buy on the school district which serves your home.

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June 25, 2020

Stage for the Generation Buying Your Home

Why is staging your home to sell a critical step to take? Much like cleaning up a home’s curb appeal to appeal to buyers, staging can position your house to sell faster and for a higher price than it might otherwise. By staging, you will present your home in the best light. 

 

There are a couple of vital keys to remember when staging.  

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Posted in Sell Your Home
June 11, 2020

What is a “Lipstick Flip”?

It is hard to miss all of the Flip/House Make-Over shows on television. Some of the transformations are incredible, but

some of the changes seem ‘too good to be true.’ Okay, maybe they are ‘true,’ but are the make-overs good enough to last long-term?

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Posted in Buy a Home
May 26, 2020

How to Dispute an Error on Your Credit History

Clearing Credit Problems To Buy a Home

Discovering an error on your credit history can be a rude surprise when you’re attempting to get pre-approved for a mortgage. Though most people don’t think about the details of their credit report until the need to secure a loan, it’s a good idea to check your report for inaccuracies periodically.  It is easy to do, each of the nationwide credit reporting companies, Equifax, Experian, and TransUnion, are required to provide you with a free copy of your credit report, at your request, once every 12 months.

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Posted in Buy a Home
May 14, 2020

10 Home Repairs To Sell Your Home Fast

When preparing your home for sale, it is important to remove 'issues' that can make a buyer think twice about your asking price.  Below is are some valuable repairs that can be done to your home that will help you sell your home faster and for more money.  

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April 30, 2020

Why Overpricing Hurts Sellers in the End

Pricing your home to sell

 

I would consider this a factual statement:  All sellers would love their home to sell for the highest possible price.  Understandable.  Unfortunately, this strong desire and motivation is the reason why it’s so easy for agents to “buy” listings. If you’re not familiar with the concept, “buying” a listing is when an agent tells a client their home is worth far more than the market value in order to win the listing.  This tactic is unscrupulous, but sadly it isn’t illegal.

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Posted in Home Selling Tips
April 16, 2020

Home Warranty Pros & Cons

Home Warranty

The idea of a home warranty can sound great.  According to the National Association of Realtors, a home warranty is defined as, “a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.”

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Posted in Buy a Home
April 3, 2020

Ask Your Agent the Right Questions

Buying a home

Odds are the day will come when you need to speak to a real estate agent to help you sell your home. When that day comes, you want to be absolutely sure you have the knowledge you need to choose someone who has the background and skills to represent your interests, meet your needs, and someone who will make the process a positive experience.

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Posted in Buy a Home