Category: Real Estate Tips

Aug 29

Fannie Loosens ARM Down Payment Rules

Fannie Loosens ARM Down Payment Rules

Fannie Loosens ARM Down Payment Rules Fannie Mae is changing the requirement that borrowers pay a higher down payment to qualify for an adjustable-rate mortgage, announcing that it is bringing this type of financing more in line with that of fixed-rate mortgages. Now, borrowers can make as little as a 5 percent down payment on …

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Aug 28

Inventory Relief for Desperate Buyers

Inventory Relief for Desperate Buyers

Inventory Relief for Desperate Buyers If your buyers have been frantically searching for a home as the inventory crunch grows tighter, some relief may be on the way. It’s a challenging environment, with homes in July selling at the fastest pace this year, prompting “desperate buyers to bid up prices and move quickly to close,” …

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Aug 25

20 Markets Dominating in August

20 Markets Dominating in August

20 Markets Dominating in August   Half of the 20 hottest housing markets in August were located in California. Vallejo, Calif., held on to its top spot in realtor.com®’s “hot list” this month. Realtor.com® ranks the top 20 medium-to-large metro markets where homes are selling the fastest and where buyers are searching the most on …

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Aug 24

What Home Thieves Target Most

What Home Thieves Target Most

What Home Thieves Target Most Renters are more likely to experience a burglary than homeowners, according to data from the Bureau of Justice Statistics. Apartment buildings with two to four units are the most at risk of theft. “This is probably because plenty of people come and go from apartment complexes daily, while homes only …

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Aug 23

Kids Have Big Say in Real Estate

Kids Have Big Say in Real Estate

Kids Have Big Say in Real Estate Buyers with children put more weight on the neighborhood, local schools, and size of homes when shopping for the right property, according to the 2017 Moving With Kids report, produced by the National Association of REALTORS®. The neighborhood, in particular, has a big influence on home buyers with …

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Aug 22

Bypass Appraisals to help would be home owners…

Bypass Appraisals to help would be home owners...

Bypass Appraisals to help would be home owners…     Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing process. Freddie’s Automated Collateral Evaluation (or ACE) will determine a property’s collateral risk by …

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Aug 18

Buyers Want Bigger Yards Over Bigger Homes

Buyers Want Bigger Yards Over Bigger Homes

Buyers Want Bigger Yards Over Bigger Homes     A property that offers a great outdoor space is taking a higher priority among home buyers. In fact, home shoppers recently surveyed said they would be willing to sacrifice some space from a larger house in order to get a bigger yard. More than half of …

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Aug 17

Ways to Cut Kitchen Remodeling Costs

Ways to Cut Kitchen Remodeling Costs

Ways to Cut Kitchen Remodeling Costs   Kitchen remodels don’t come cheap. The average cost to update a 200-square-foot kitchen—including installing new flooring, semi-custom wood cabinets, and standard appliances—is a whopping $62,000, according to Remodeling Magazine. Homeowners who want to add in more luxurious touches, such as stone counter tops, a commercial-grade cook top, designer …

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Aug 16

Buyers Putting Down Less on a Home

Buyers Putting Down Less on a Home

Buyers Putting Down Less on a Home A 20 percent down payment is no longer the norm. In the past year, 1.5 million borrowers purchased their homes with down payments of less than 10 percent, according to Black Knight Financial Services. That marks a seven-year high. A growing number of home shoppers are financing more …

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Aug 15

Facebook Marketing Is Key…

Facebook Marketing Is Key...

Facebook Marketing Is Key…   Social media is increasingly a vital part of a real estate professional’s marketing strategy. Seventy-four percent of REALTORS® recently surveyed cited awareness as the main outcome of their social media efforts. Sixty-four percent of 265 REALTORS® recently surveyed say they plan to commit more time to social media, and 60 …

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Aug 14

Is Housing Affordability Actually Improving?

Is Housing Affordability Actually Improving?

Is Housing Affordability Actually Improving?     Growing incomes and low mortgage rates are helping to prop up housing affordability and offset rising home prices, according to the newly released National Association of Home Builders/Wells Fargo Housing Opportunity Index. A quarter-point drop in interest rates in the second quarter helped to make homes more affordable …

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Aug 04

Ugly Home Features Buyers Can’t Overlook

Ugly Home Features Buyers Can't Overlook

Ugly Home Features Buyers Can’t Overlook     Home shoppers can get hung up on cosmetic issues of a home, even though often times the problems are relatively inexpensive to fix. “Cosmetic issues are a big problem for a lot of home buyers,” Linda Sanderfoot, a real estate professional with Coldwell Banker in Neenah, Wis., …

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