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[vc_row][vc_column][vc_column_text]With today's low mortgage rates, buyers can get more home for their money. Although, in the current market the biggest hurdle is a lack of inventory. Like you, many buyers want to capitalize on these market conditions, but this is leading to more buyer competition and bidding wars. With that being said, if you're having a hard time finding a home to buy, it may be time...

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[vc_row][vc_column][vc_column_text]One of the hottest topics right now is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, this means your house will get more attention, and likely, more offers. But as the pandemic comes to a close, you may be wondering if that’s something that will change.   While it may be tempting to blame the...

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[vc_row][vc_column][vc_column_text]At times, it’s hard to know what to believe when you hear about the hectic real estate market. When it comes to the latest headlines, there are tons of news outlets relaying false information. While it may be difficult to know what’s true and what’s not, you should always put your trust in the experts. Those of us in the housing market respect that buying...

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[vc_row][vc_column][vc_column_text] Although there’s very little chance of a large-scale foreclosure crisis, foreclosure is still a possibility for some homeowners. And while the overall percentage of homeowners at risk is generally low, that’s little relief to those individuals who are facing challenges today.   Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of and selling...

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[vc_row][vc_column][vc_column_text] Deciding when to sell your house is tough, but there may not be a better time to list than right now. The current market is in favor of sellers’ right now, but this situation won’t last forever. If you’re thinking of making a move, consider these four reasons to put your house up for sale sooner rather than later.   1. Your house will be highly visible   One of the...

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[vc_row][vc_column][vc_column_text]What we’re seeing in today’s housing market is a result of low supply and high demand, making prices rise as a result of it. Home prices are appreciating at near-historic rates, and that's creating some trials when it comes to home appraisals.   In recent months, we’ve observed appraisals coming in below the contract price on the house. Shawn Telford, Chief Appraiser for CoreLogic, explained, “Recently, we observed...

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[vc_row][vc_column][vc_column_text]Purchasing a home can feel intimidating for many young or first-time homebuyers. A recent survey found that homebuyers ages 25 to 40 may be uncertain about the homebuying process and what it entails. For example, 1 in 4 underestimated their buying potential by $150k or more and at least 47% don't know what a good interest rate is.   If you're interested in buying but aren't sure where to...

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[vc_row][vc_column][vc_column_text] Don’t put it off any longer. If you’re considering selling your house this is the time to seriously consider making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals that the number of consumers who say it’s a good time to sell a house is higher compared to lower numbers over the last few summers (see graph below).   Why are sellers opinions changing year-over-year?   The sentiment has to do...

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[vc_row][vc_column][vc_column_text]Many home owners are considering selling their vacation home with summer coming to an end. But is that the right decision to make? Based on recent data, it’s something you may want to consider.   According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. That’s not the only reason you may want to consider putting your home on the market. Here...

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[vc_row][vc_column][vc_column_text]One of the major questions in today’s market is whether potential homebuyers still believe purchasing a home makes sense. Some experts believe rising home prices are impacting demand and, by default, leading to the recent stall in sales activity.   However, it’s more likely that it's the lack of supply that is responsible for the stalled activity.   The Wall Street Journal explained that “Home builders have sold more...

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