Think of all the tasks you no longer need to hire out. You don’t need a travel agent to book a vacation. You don’t need to hire a web developer to design a website. So in a DIY age with the world of real estate readily available at your keyboard, do you really need a real estate agent? Yes. Here’s why.
Low existing home inventory isn’t new housing market issue. Low mortgage rates and rising home values have made many real estate markets extremely competitive with homes selling above listing price within a matter of days. According to the most recent existing home sales report, inventory is at its lowest in nearly two decades. Here’s how you can prepare for buying a home when inventory is tight.
What’s the ultimate goal for home sellers? To sell for top dollar, at top-notch speed. In Zillow’s newest report on consumer housing trends, they found several distinct characteristics of sellers who received bids above listing price.
Coming of age in the recession has painted a different homebuying picture for the Millennial generation. With surmounting student debt and rent prices, the real estate market was once asking, “Where are the Millennials?” But according to a new study performed by Zillow the Millennials are making their own waves in the housing market with their new approaches to shopping, financing and purchasing.
So you’ve decided to buy a home this fall. Congratulations! There are several benefits of autumn homebuying, but before you start thumbing through online listing photos, there are a few educational and financial steps to complete to get yourself in the best shape for a mortgage and homeownership, in general.
Here’s how to get on the right track to becoming a first-time homeowner this fall.
You’ve thumbed through listing photos online, compiled a list of favorite properties and are ready to start your home tours. While a picture is worth a thousand words, here are some non-aesthetic, very important items to factor in to your purchase considerations.
So you’ve decided to buy a home this summer. Congratulations! But before you start thumbing through online listing photos, there are a few educational and financial steps to complete to get yourself in the best shape for a mortgage and homeownership, in general.
Here’s how to get on the right track to becoming a first-time homeowner this summer.
People buy homes year-round, but when it comes to putting your home up for sale, is there an optimal time to list? Last year, the “magic window” to list your home was between mid-March and mid-April, according to Zillow Talk: The New Rules of Real Estate
That timing has shifted now, mostly due to low inventory holding down sales nationwide. The previous study showed that homes sold in the U.S. from mid-March to mid-April sold approximately 15% faster and for 2% more than the average listing.
Though it goes without saying, spring 2016 is going to be a busy and fairly competitive homebuying season. Low mortgage rates and rising home prices are increasing demand but February’s existing home sales report shows inventory is low, at a 4.4 month supply, going into the most popular time of year to buy a home.
So in a market that is swarming with buyers, some with cash in hand, how do get your (eventually) mortgaged homebuyers a competitive edge? Two words: loan commitment.
With mortgage rates near historic lows and the continued appreciation of home values, the purchases of second homes or vacation homes have skyrocketed in the past few years. In 2014, vacation home sales boomed to a peak estimated 1.13 million, up from 717,000 in 2013, according to the National Association of Realtors.
While you’re relaxing at your spring break destination this year and find yourself entertaining the idea of purchasing a vacation home in the future, here are some considerations for choosing a good second home investment.