Category: Real Estate Tips

Jul 11

Home Buyers Shouldn’t Overlook

Home Buyers Shouldn’t Overlook

Home Buyers Shouldn’t Overlook   After moving in, buyers will discover a lot about their new home—but they may wish they had paid closer attention to some items before signing the sale contract. Help your clients avoid regrets by guiding them to assess a property carefully before purchasing it. Realtor.com® advises giving particular consideration to …

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Jul 10

True Impact of Home Staging

True Impact of Home Staging

True Impact of Home Staging     Sixty-two percent of listing agents say professional staging decreases the amount of time a home spends on the market, while 40 percent of buyer’s agents say their clients are more willing to walk through a home that has been staged, according to the National Association of REALTORS®’ 2017 Profile of …

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Jul 07

Renovations That Cause Neighborhood Feuds

Renovations That Cause Neighborhood Feuds

Renovations That Cause Neighborhood Feuds Homeowners doing renovations can develop feuds with their neighbors if they’re not cognizant of how work on the project affects the rest of the neighborhood. After all, one homeowner’s upgrade could be another’s downgrade. Realtor.com® recently ticked off common home improvement spats. Additions that block views. Large additions that block …

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Jul 05

Mortgage Rates Hit Another Low for 2017

Mortgage Rates Hit Another Low for 2017

Mortgage Rates Hit Another Low for 2017 Interest rates for a 30-year fixed-rate mortgage took another dip this week, setting a new low for 2017, Freddie Mac reported in its weekly mortgage market survey. “The 30-year mortgage rate fell 2 basis points to 3.88 percent this week,” says Sean Becketti, Freddie Mac’s chief economist. “However, …

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Jun 30

Take your chances… Buyers Make Offers Sight Unseen

Take your chances... Buyers Make Offers Sight Unseen

Take your chances… Buyers Make Offers Sight Unseen   The number of buyers making offers sight unseen—meaning they haven’t physically visited the property—is on the rise, according to a survey of recent home buyers conducted by real estate brokerage Redfin. Thirty-three percent of respondents in 11 major markets say they made an offer on at …

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Jun 29

Owners Are Missing Out on Savings

Owners Are Missing Out on Savings

Owners Are Missing Out on Savings     Nearly 4.5 million borrowers are eligible to refinance and could lock in savings on their monthly mortgage payments but have not taken advantage, according to a new report from Black Knight Financial Services. The average borrower stands to save $260 a month. Nearly 700,000 borrowers could save …

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Jun 28

Lenders Easing Up Credit Standards

Lenders Easing Up Credit Standards

Lenders Easing Up Credit Standards     More mortgage lenders are reporting that they have lowered their credit standards and expect to continue to do so in the coming months, according to Fannie Mae’s second-quarter 2017 Mortgage Lender Sentiment Survey. The share of lenders reporting they have eased mortgage credit standards over the prior three …

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Jun 27

New-Home Prices Hit Record High

New-Home Prices Hit Record High

New-Home Prices Hit Record High   The median price for a new single-family home reached a record high in May of $345,800, the Commerce Department reports. Buyers will be paying a huge premium for new construction, as new-home prices are now 16.8 percent higher than they were a year ago. So far, however, the higher …

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Jun 26

Home Security tips from OOMA Home Security

Home Security tips from OOMA Home Security

Home Security tips from OOMA Home Security     Summer time is one of the largest times for home break ins.  Omma home security has offered a few sound advice ideas for you to keep your home, family and valuables safe while you are away for vacation or even just at work during the summer …

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Jun 23

12M Consumers May Get Credit-Score Boost

12M Consumers May Get Credit-Score Boost

12M Consumers May Get Credit-Score Boost   The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax …

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Jun 22

Steadier Mortgage Rates Buoy Loan Demand

Steadier Mortgage Rates Buoy Loan Demand

Steadier Mortgage Rates Buoy Loan Demand   Mortgage applications for refinancing and home purchases remained elevated last week as mortgage rates continued to give consumers incentive to make a move. “Both the 10-year Treasury yield and the 30-year conventional mortgage fixed rate held steady last week, keeping rates well below the recent highs,” says Lynn …

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Jun 21

Teardowns Account for More New Homes

Teardowns Account for More New Homes

Teardowns Account for More New Homes     More than 10 percent of new single-family homes that began construction in 2016 were part of a teardown project, according to new data from the National Association of Home Builders. That’s up from 7.7 percent in 2015. NAHB defines a teardown as a home that is built on …

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