How Will the Presidential Election Impact Real Estate?
October 08, 2020
Demographics, For Buyers, For Sellers, Housing Market Updates, Interest RatesHow Will the Presidential Election Impact Real Estate?2.3KSHARES2.0K10320172The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all ...
Covid Trends & Affect on Real Estate
October 08, 2020
One of the most common questions these days goes something like this: which Covid trends will last and where will they take things? Most of the “trends” identified are questionable, but two offer a basis for firm conclusions: One, Zoom socializing will abate radically as soon as people become more comfortable with human contact. Human beings, even the ...
FHA Loan Down Payment Rules
October 06, 2020
One of the biggest worries for some borrowers interested in buying or building a home? The down payment.At the time of this writing, there are only two zero-down payment mortgages offered nationally by participating lenders offering government-backed mortgages; the VA mortgage and certain USDA single-family home loans.USDA home loans are need-based mortgages with income caps and purchase ...
Landlords offer stores pandemic-related escape clauses "Anyone who wants to survive probably will be in a position to renegotiate their rent on the spot."
October 06, 2020
https://www.nbcnews.com/business/real-estate/landlords-offer-stores-pandemic-related-escape-clauses-n1238712 ...
Must-Haves for Your First Home
October 05, 2020
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HUD Home Purchases
October 04, 2020
HUD home purchases have become more streamlined with the e-signature process. This has made it easier for both the purchaser and the Realtor working on the transaction. It has eliminated a great deal of stressors.The asset manager will prepare the documents, with a little assistance of the agent representing the buyer. Once ready, it is sent out ...
Can you get down payment assistance during COVID-19?
October 02, 2020
Buying your first house during COVID-19 is still possibleMortgage rates may have hit an all-time low, but that doesn’t mean the purchase process has gotten any easier for first time home buyers.The pandemic has forced interest rates down in recent months, but it also drove millions of layoffs and reduced hours. This makes it more difficult for ...
FHA Loan Requirements
October 02, 2020
Important FHA Guidelines for BorrowersThe FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States and its territories. It is the largest insurer of residential mortgages in the world, insuring tens of millions of properties since 1934 when it was created....
Where Are Home Values Headed Over the Next 12 Months?
September 29, 2020
Where Are Home Values Headed Over the Next 12 Months?As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, ...
HUD FHA 203b with repair escrow
September 26, 2020
The HUD REO FHA203B escrow repair financing availability is for all HUD foreclosures for owner occupants with repairs $10,000 or below. This loan is designed to be able to obtain a HUD foreclosure with minimal down payment. The minimum down payment in most states required for the HUD FHA 203B escrow repair loan is only $100 and you ...
4 Easy Staging Tips You Haven’t Thought About
September 24, 2020
by Liz DominguezSelling can be overwhelming. You're packing everything up, trying to make the house look pristine when all around you is what feels like chaos. Since buyers want that great first impression, you know it's important to declutter—often that means cleaning until your home looks like it's never been lived in. And while ...
Where Home Flippers’ Profits Are Rising the Most
September 18, 2020
September 18, 2020SOURCE: ATTOM Data Solutionshttps://magazine.realtor/daily-news/2020/09/18/where-home-flippers-profits-are-rising-the-mostFewer investors are flipping homes, but those still active in the market are earning higher profits. Typical investment returns rose to the highest level since late 2018 for housing flips, according to ATTOM Data Solutions’ latest 2020 U.S. Home Flipping Report.The gross profit on the typical home flip nationwide—which is ...
4 easy things to do to prepare your home for fall weather!
September 17, 2020
Clean out your gutters, the leaves on trees will be falling soon and filling up those gutters fast, get them cleaned out so water can run properly away from the home. Now is a good time to clean out your dryer vent. As less humid weather moves in the likelihood for home fires rises. Cleaning out your dryer ...
Buying A Home The Most Affordable Since 2016: Low Mortgage Rates Give You Purchasing Power
September 17, 2020
Natalie Campisi On March 19, the average rate for the benchmark 30-year fixed rate mortgage spiked to 3.65%, nearly the highest level in a year. Since then, rates have steadily fallen—breaking records on their way down and making home loans cheaper. The drop in rates has been a boon to buyers who are facing rising home prices ...
Low Inventory Impacts Housing Market this Fall
September 17, 2020
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there ...
Realtors!! CHANGES in your 2020 Tax Deductions Cut Your Taxes and Give Yourself a Raise in 2020!
September 16, 2020
* Why your accountant can™t "just take" the new deductions for you.* HOW to navigate the NEW 20% 199A DEDUCTION designed for Self-Employed Professionals and worth up to $63,000!* WHY you may want to buy a new or pre-owned car sooner than you think…the great 2020 “makeover” of the CAR DEDUCTION rules you will want ...
Real Estate Acronyms: Cheat Sheet for Home Buyers
September 15, 2020
Acronyms are tossed around like crazy in the real estate world, which can be confusing to even the most veteran home buyers. But don’t worry — it doesn’t take long to learn the language.Here’s a quick list of the most widely used home buying acronyms and what they actually mean. Of course, if you’d ...
What Does Contingent Mean in Home Sales
September 15, 2020
Understand What Contingent Means in Real EstateHave you heard the term "contingent" when buying or selling a home and wondered what it meant? When you sell your home, you will find the word contingent cropping up time and time again. It can be used when talking about financing, offers, appraisals, and more. But what does contingent mean, and ...
Fees to Consider When Purchasing a Home
September 15, 2020
Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don't forget there will likely be other costs associated with your purchase than the price of the home. Here are 5 fees to keep in mind as you begin to budget.Home inspection. This is a ...
Why isn't my home selling!
September 15, 2020
2020 has been a tough year. Even though we've had many struggles, we hear on the news and read in the paper that the real estate market is hot! You may ask, “If we’re currently in a strong real estate market, why has my home not sold?” Here are a few ...
Knowledge Of Loan Processing
September 15, 2020
Knowing your buyer's loan process is an important key role in guiding your buyer through their home buying journey. It can help keep them on tract and prepared to have a smooth and wonderful buying experience. Real Estate Agents should keep a good relationship with local lenders to stay on top of any changes with advantages/disadvantages, ...
How to Motivate Your Children During Remote Learning
September 15, 2020
As many schools have closed due to COVID-19, the majority of children are learning remotely. Motivating your children during remote learning is central to their success. Motivation means ensuring they are interested, involved and confident in their learning. As a parent, you have an important role to play by providing your children with encouragement and feedback. ...
Fall Maintenance Checkups
September 14, 2020
It's that time of year again! Here is a link to 4 September home maintenance projects/checkups to prepare for winter! https://www.houselogic.com/organize-maintain/home-maintenance-tips/september-home-maintenance-plan/...
Questions to Ask When Choosing a Lender
September 14, 2020
Loan terms, rates, and products can vary significantly from one company to the next. When shopping around, these are a few things you should ask about.General questions:What are the most popular mortgages you offer? Why are they so popular?Are your rates, terms, fees, and closing costs negotiable?Do you offer discounts for inspections, home ownership classes, or ...
Fall Grass Tips
September 14, 2020
Treat your turfgrass properly now and it will come up greener and brighter next spring After tending to your lawn all summer, you’re ready for a break. But before the grass goes dormant, tackle these essential autumn tasks so that it will come back green and lush in the spring.From the lawn experts at Consumer Reports, these ...
