Posts with tag 'Home'

Seller's market though it is, the buyers are the ones spending the money. Unless they're in a position where they must purchase quickly, most buyers will hold out for a home with the features they really want. Does your home have any of the most popular buyer requests? Based on recent personal experience working with buyers (giving feedback) and sellers (receiving feedback), as well as conversations with colleagues, these are the ten most sought after features in a home:

---

BATHROOM SPACE. If a home doesn't have an adequate number of bathrooms, one of the most important considerations will be whether, and where, another one can be added. Is there a place where one would make sense? The size of the room is also important – more often than not, buyers will regard a "shoe...

Click Here to Read More...

A new home in your price range hits the market, so you rush to see it immediately, well aware others will be doing the same. There's no doubt this is the place you've been looking for, so you make an offer the same day. Unfortunately, so do five other people who also loved it. Facing a host of competitors did not factor into your daydreams of a new home! What can you do?

First things first. Were you prepared for this situation, both financially and intellectually? Choosing the right lender is a key factor in a successful purchase, so you want to make sure you're comfortable with their level of experience and responsiveness. You should not be shopping for homes until you know your buying power and hav...

Click Here to Read More...

Traditionally, spring is one of the busiest times of the year for real estate. However, the coronavirus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. Across the country in April, new listings fell nearly 45%, and sales volume fell 15% compared to last year.¹

Fortunately, as restrictions have eased, we've seen an uptick in market activity, most notably here in Michigan where real estate had been completely shut down. And economists at Realtor.com expect a rebound in July, August, and September, as fears about the pandemic subside, and buyers return to the market with pent-up demand from a lost spring season.²

Click Here to Read More...

These days, it seems like everyone's looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month.

Here are 20 things you can start doing today to lower your bills, secure better deals, and begin working toward your financial goals.

1. Refinance Your Mortgage - For prime borrowers, mortgage rates are at or near historic lows. Depending on your current mortgage rate and the terms you choose, refinancing could save you a siz...

Click Here to Read More...

"What is happening in the real estate market right now?"

That's the question I keep getting asked, so here are the facts to give everyone a better idea.

The National Association of Realtors conducted a flash survey* last week to get a feel for Covid-19's effects on the behavior of buyers and sellers nationally. Here's what they found:

• 60% of buyers have postponed the buying process for a couple of months.
• 12% of buyers have postponed their search indefinitely.

Click Here to Read More...