Escalation Clauses - What are they? How do they work?
July 14, 2021
We are currently in the midst of a nationwide shortage of homes on the market due to COVID-19 and the aftereffects that have caused havoc in Real Estate. Many sellers are over the panic of COVID-19, but they are hesitant to put their home on the market because they fear they won't find anything to buy ...
Is Now A Good Time To Buy A House? Find Out Who Really Knows
July 14, 2021
Real estate agents are often asked…Is now a good time to buy a house? For those that are contemplating a purchase of a home, this question is especially worth consideration, given that we are deep in a sellers market, perhaps the most unpredictable one ever! Prices are rising to record breaking levels. Sellers are less willing to ...
Why do many REO Home Sales fail?
July 13, 2021
Why do many REO Home Sales fail?Sadly, many times, it is inexperience by 2 important parts of the equation – Buyer’s Realtors and Buyer’s LendersFirst and foremost, the REO selling agent can tell the buyer’s Realtor everything they need to know but are they listening? Some REO agents list the rules about what to do ...
It's been rainy cats and dogs!
July 13, 2021
Does your homeowner's insurance cover water backups or flood damage from heavy rain? Many area residents of the Metro Detroit area are experiencing flooded basements from the heavy rains. It seems like these torrential rainfalls are happening more often. In August 2014 Southeast Michigan rainfall records were shattered with 4.57" of rain in one day!...
Reasons Why This Summer Might Be the Best Time to Sell Your Home
July 12, 2021
Here are 4 things to think about if you are considering selling your home:You Home Should Sell Fast! Homes are selling in an average of 17 days, according to the most recent statistics from the National Association of Realtors (NAR). Multiple Offers Have Become Prevalent! NAR is also reporting that Sellers are seeing an average of ...
The difference between Pre qualified and Pre approved
July 08, 2021
Pre Qualified vs Preapproved Pre qualified ...
7 Reasons to Own A Home
July 05, 2021
Tax benefits. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.Appreciation. Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year ...
How are Charlotte HUD Homes Sold?
June 12, 2021
Post by: Nancy Braun, Showcase Realty HUD homes are sold based on fair market value, which attracts both owner-occupants and investors alike. These properties are perfect for buyers who wish to move or invest in Charlotte NC. Through HUD, homebuyers have access to quality housing options but with affordable mortgages. Investors, on the other hand, can ...
Top 3 Reasons Why Real Estate Agents Should Blog
June 07, 2021
If you don't have a real estate blog yet, you should start one NOW! Why? Let us share with you our Top 3 Reasons Why Real Estate Agents Should BlogReference Article: 7 reasons every real estate agent should have a blog 843-705-8474 (DIRECT) | 1-844-204-2373 (TOLL FREE) info@scottrealtyprofessionals.com www.ScottRealtyProfessionals.com ...
What does the NCREC by "answer questions about multiple offers honestly?"
May 27, 2021
1What does the NCREC by "answer questions about multiple offers honestly?"In the previous screen, the NCREC information officer wrote, "A broker is not required to disclose a multiple offer situation but should answer any questions about whether or not there are multiple offers honestly. The broker should follow the direction of their seller in what ...
What to Expect in a Seller’s Market with Low Inventory
May 25, 2021
by BJ JohnsonThe year 2020 was a crazy year with the start of a pandemic but also, fortunately, houses continued to go up for sale. People were thinking about where they live. As some were moving out of big cities like New York City and settling in the suburbs or warmer states in the south, others were downsizing ...
Spring Has Sprung Now What
May 24, 2021
Most people think of spring as the beginning of the real estate market. Boy are we ever wrong for 2021!. It seems we have been non stop since COVID started in Tennessee and no end soon in sight. What we do have to look forward to is taking advantage of the possible increase number of foreclosures. No one is ...
3 Things To Prioritize When Selling Your House
May 24, 2021
3 Things To Prioritize When Selling Your House Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key ...
Do’s and Don’ts When Buying a New Home
May 23, 2021
In the market to purchase a home this spring? Here’s what you should and shouldn’t do to ensure a smooth and happy home buying experience. DO’S: Save recent pay stubs and financial statements Get all your financial paperwork in order before applying for a mortgage. This will provide a seamless application process. ...
The calm before the storm?
May 18, 2021
The low HUD assignments inventory gives all Listing Brokers a short break. At some point in the near future, there will be No further moratorium on evictions. We can realistically expect a surge of new assignments. So now we have the opportunity to double check all our HUD requirements and make sure that all paperwork meets required standards. ...
FHA Streamline Refinance: Rates & Requirements for 2021
May 17, 2021
FHA Streamline Refinance: Rates & Requirements for 2021Dan Green The Mortgage Reports ContributorThe FHA Streamline RefinanceIf you currently have an FHA mortgage, the FHA Streamline Refinance is the easiest way to get a lower rate and monthly payment.The FHA Streamline is a “low-doc” refinance with limited paperwork required. The lender doesn’t have to verify your ...
It's a sellers market now.
May 16, 2021
Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices....
Buying Ina Limited Inventory Market
May 15, 2021
Buying In Today's Limited Inventory Market By Sandra C. Brown, Principal Broker Dream Catcher Realty Sevierville,TN .With the extremely limited inventory market many buyers with encouragement from their agents are taking bold steps to make their offers seem attractive and hopefully get accepted. These tactics all have some degree of risk.I will review some ...
Experts Say Home Prices Will Continue to Appreciate
May 15, 2021
It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past ...
3 Best Tips For Buyer's Agents In A Seller's Market
May 13, 2021
The real estate game has gone tougher this year with the low inventory and homes selling fast like hotcakes (for about 20-40% above the asking price!). It's no doubt a seller's market this year and agents commonly go through a bidding war given the low supply and the high demand. We have new agents who just ...
Your House Could Be the Oasis in an Inventory Desert
May 13, 2021
Your House Could Be the Oasis in an Inventory Desert Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs ...
Sprucing Up the Outdoors: Tips and Trends
May 13, 2021
Credit goes to Tim Bakke.Sprucing Up the Outdoors: Tips and Trends ...
Pipeline to Restart After Hack
May 12, 2021
The Colonial Pipeline resumed operation Wednesday evening, though its operators announced it could take several days for the supply chain to return to normal.“Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period,”the company said on its website.Colonial, which says it transports roughly 45 percent ...
Terms to help you know more about a Green Home
May 11, 2021
Whether you’re building the home of your dreams or looking for an existing unit, there’s a lot of data involved in finding the right environmentally friendly dwelling. Here’s a breakdown of the different certification systems for energy-efficient homes.RESNETThe Residential Energy Services Network is a not-for-profit corporation that develops industry-wide standards and rules for energy efficiency ...
Down Payment Assistance Programs Not Only for 1st Time Homebuyers
May 11, 2021
A recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. In fact, four in five homebuyers say they need help to understand what they can even afford in the first place. On top of that, the same survey reports over two-thirds of prospective homebuyers believe they’...
