Every year brings with it a surge of first-time homebuyers entering the market. However, the expectations those buyers have can change from year to year. So, what are first-time homebuyers in 2022 looking for? This year, most homebuyers are looking to spend under $350,000 on their new property. This is slightly below the national median,…
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Now that mortgage interest rates are fairly low, it’s important that home buyers and sellers consider how rates could impact the sales process. Lower interest rates usually lead to an influx of buyers into the market, eager to purchase property. These buyers tend to be more drawn to a 30-year rather than a 15-year mortgage.…
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Preparing to purchase a home shouldn’t begin right before you hope to buy your new property. Rather, the preparation process should start approximately a year before you plan to purchase the home. At this point, you’ll want to meet with a real estate agent and undergo a buyer consultation. Approximately three months after your consultation,…
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If you’re considering beginning the home selling process, your goal is to receive the highest possible return on your investment. For many homeowners, upgrading or renovating their house can seem like an obvious way to make a profit when it comes time to sell. However, is this actually what happens? Believe it or not, it’s…
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Are you hoping to buy a home with financing in the near future? If that’s the case, then you must become familiar with what you should and shouldn’t be doing with your finances in the meantime. Otherwise, it could be more difficult than necessary to qualify for a mortgage. Before you’ve applied for a loan—and…
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Since the early days of the COVID-19 pandemic, real estate agents have relied on marketing technology more than ever before. Once social distancing became the norm, realtors across the United States needed to find a new way to show properties and communicate with their clients. For agents looking to grow their real estate business, marketing…
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Do you sometimes feel as if you’re struggling to keep your real estate business afloat? In some cases, this could be because you’ve developed negative work habits. The real estate business is highly competitive, and agents must be determined and committed to the work they’re doing. If you’re working hard and still aren’t getting positive…
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Even though most home sale contracts will settle when the seller expects, this isn’t always the case. Unfortunately, it’s possible for home sale contract closings to experience delays or even become terminated altogether. So, what usually causes this to happen? There are a few common obstacles faced by sellers, such as setbacks when it comes…
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When you’re looking to purchase a home, is it ever a wise decision to give the seller a lowball offer? By lowballing on the property, you’re giving an offer that’s well under what the seller is currently asking. Sometimes when a seller receives a lowball offer, they may take offense or believe that the buyer…
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