Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way Read More
Sellers
CHECK THIS OUT, MORTGAGES ARE GETTING EASIER
NOW THIS IS NEWS!!!!! Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are Read More
HOME PRICES UP 6.15%
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska, Delaware, West Read More
BUY NOW OR PAY MORE LATER
BUY NOW OR PAY MORE LATER Here is how the recent changes in mortgage interest rates would have affected the principal and interest payment for a typical starter home of $350,000. October, 2016, Interest Rate of 3.6%, Monthly P & I Payment = $1,432 December 2016, Actual Interest Rate Read More
BEST OPPORTUNITY TO BUY
BEST OPPORTUNITY TO BUY THAT FIRST HOME OR MOVE UP THAT WE WILL SEE FOR THE REST OF OUR HOME BUYING LIFETIMES 4 Reasons to Buy Your Dream Home This Winter As the temperature in many areas of the country starts to cool down, you might think that the housing Read More
FSBO OR NO FSBO?
FSBO OR NO FSBO; NO IS THE BETTER CHOICE FOR ALMOST EVERYBODY Looking to make the most money on the sale of your house? Selling on your own and “Saving” that big 6% commission sounds like a great idea, but it really works out very infrequently. However, I do not Read More
IS IT TIME TO MOVE NOW?
IS IT TIME TO MOVE NOW? National Association of Realtors statistics are that the average length of time families stay in the same house has gone up by 50% since 2008 (6 years to 9 years – and got as high as 10). If you would like to move and Read More
REAL ESTATE MARKET IS BACK AND HEALTHY
REAL ESTATE MARKET IS BACK These data are an excellent portrayal of the national picture in real estate. Most also apply to our situation in Delaware, Chester and Montgomery counties. Specifically, sales are up, credit is readily available, distressed property sales are way down and, biggest of all, interest rates Read More
GET THE BEST PRICE FOR YOUR HOUSE
As stated below, it is critically important to use a Realtor when you are selling your home, if you want the best price and a quick sale. However, realtors are very different in their capabilities and processes, both of which impact on the service they provide. Before you select your Read More
SELL AND MOVE UP NOW!!! FIVE REASONS WHY!!!
The below article reflects the national perspective for making that move up buy to the house your really want now. And, all of the below reasons for selling now also apply to our area because there is less than 6 months of inventory.For the past couple of years, we have Read More
SUPPLY AND DEMAND IN HOUSING
Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply Read More
HOUSE PRICE BUBBLE ?????
House Price Bubble, Not Right Now These data are more compelling data points that home prices are not getting us back into bubble range. I agree with the argument FOR THE TIME BEING!!!!. What I mean by that is this. Essentially, home mortgage lending is a federal government monopoly. Almost Read More