Appraisals and home inspections... what you need to know.
What Buyers and Sellers Need to Know about the Appraisal Gap
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That is the simple principle that accounts for today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below …
Continue reading "What Buyers and Sellers Need to Know about the Appraisal Gap"
Should I Wait for Lower Mortgage Interest Rates?
Should I Wait for Lower Mortgage Interest Rates? Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for …
Continue reading "Should I Wait for Lower Mortgage Interest Rates?"
#1 Reason NOT to Wait to List your House for Sale
The #1 Reason Not to Wait to List Your House for Sale Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is NOT one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity …
Continue reading "#1 Reason NOT to Wait to List your House for Sale"
Whose market is it anyway?
Buyers' market? Sellers' market? What are the real estate market trends and what do they mean for you? Jen McMorran, Realtor, SRES