A Lack of Listings Remains ‘Huge’ Challenge in the Market

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The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures & short sales) are at their lowest mark in over 8 years. This has been, and will continue to be, a great year for real estate.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. According to ...

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Appliance Lifespan

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If you are considering purchasing a home, it is smart to find out the age of the different appliances and systems that come with the property. Replacing appliances is expensive, so it is a good idea to have an appliance replacement plan when you move into a new home. The first step is to make a list of the appliances that ...

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Buying to Renovate

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Buying to Renovate? Keep these tips in mind!

Because many areas are experiencing severe inventory shortages some buyers decide to buy something that isn’t quite perfect now, but they plan to make it perfect through renovation. If you are in that category, here are some things to keep in mind:

  • REALITY CHECK –If you remain living in your home while you are renovating, ...
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Worried About Your House Not Selling?

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Worried About Your House Not Selling?

If you are considering selling your home, you may be wondering how your home will really do in relation to the market. Although our market as a whole has been more favorable to sellers in the last few years, demand for an individual property will vary depending on supply of each particular type of home – price point, amenities, challenges, etc.

For example, if a home ...

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Changes Coming to USDA Loan Program

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Changes Coming to USDA Loan Program

 

The US Department of Agriculture is making some changes to its Single Family Housing Guaranteed Loan Program (also known as a USDA loan) effective October 16, 2016. These changes can mean big benefits for anyone considering a home purchase in a rural area in the coming year.

A USDA mortgage allows for a minimal cost of entry in order to make homeownership affordable and attractive in rural ...

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Preparing Your Home For Fall

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Preparing Your Home for Fall
I cannot believe that fall is upon us! Although we have had a wonderful summer, it is time to begin planning for fall maintenance on your home. The changes in the seasons can be tough for home structures, so to prevent surprises when your home is at its most vulnerable, take a day before autumn takes hold and prepare your home for the months ahead.
Roof and ...
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A Look at New Construction

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Housing Starts
With our population on the rise and housing demand high across the country, you might be wondering why builders just don’t build more homes to satiate the demand. According to the New York Times, the United States added 1.24 million households per year on average between 2000 and 2007. Then add in the average 300,000 homes that need to be repaired or replaced and we get about 1.5 ...
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Preparing for Multiple Offers – The Pros and Cons of an Offer Review Date

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Preparing for Multiple Offers – The Pros and Cons of an Offer Review Date

Buyers are out and demand for homes is high! When it is time to list your property and if multiple offers are expected, there will be a number of issues and strategy for us to consider. One of the primary issues is whether or not to have an offer review date, or a date in which ...

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