Blog
Why Do I Need Earnest Money?
When you’re shopping for a home, it can feel like you’re hemorrhaging money. You’ve got all sorts of things to pay for, from loan application fees to home inspections, so when the issue of earnest money comes up unexpectedly, it can be a “slam on the brakes” moment. Now that the days of low to... Read More
Homeownership Is a Key to Building Wealth
For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family... Read More
Dealing With Popcorn Ceilings
Popcorn is great with a movie or possibly for stringing around an old-fashioned Christmas tree, but it’s a little less universally loved when it’s applied to the ceiling as a texture. “Popcorn ceiling,” a type of texture that looks a lot more like cottage cheese than popcorn, was widely used in homes from the 1950s... Read More
The Oddest Contingencies Sellers Are Requesting
Some home sellers are requesting odd contingencies—from maintaining the wardrobe of a plastic skeleton at the front door to caring for their family pets—before they’ll accept an offer. Contingencies typically involve obtaining financing or fixing issues discovered during the home inspection. However, The Wall Street Journal reports that sellers, who have the upper hand in the market,... Read More
Yard Updates To Boost Curb Appeal
The need for curb appeal continues to increase, especially as many local buyers hesitate to enter unfamiliar homes and distant buyers narrow their home-shopping lists from afar in the pandemic. A dismaying front yard may prompt them to move on, whether in person or on the internet. You only get one chance to make a... Read More
How Long Should You Live in Your Home Before You Sell?
5 Factors To Consider Whether you just got your house keys last week or you’ve lived in your home for almost 20 years, you could always sell your home whenever you want. However, experts strongly advise homeowners to follow the “five-year rule” — stay in the same home for at least five years before selling.... Read More
Do You Have Enough Money Saved for a Down Payment?
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home... Read More
Time to Move into a Single-Story Home?
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve... Read More
Checklist: October To-Dos for Homeowners
October is synonymous with cooler weather, changing leaves, apple harvests and trick-or-treat. It’s also a great time for homeowners to prep their houses for a long winter snooze. Check this handy list of home maintenance tasks to complete before sweater weather is over and overcoats are required. Winterize lawn equipment. After using your power lawn equipment... Read More
Housing Market on Track to Beat Last Year’s Success
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First American, announced last week: “Since... Read More