Good Information on Flood Insurance
Understanding Flood Insurance Requirement vs Rating Neither IFPR nor Freeboard change or affect how the mandatory purchase requirement for flood insurance works. Mandatory requirements for flood insurance will still be dictated using FEMA Flood Insurance Rate Maps (FIRMs) and assessing whether the exact location of a habitable structure secured with a federally-backed loan comes into […]
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Will 2024 be a better year for homebuyers? Here’s what experts think.
Following months of cooling inflation, higher rent and food prices pushed the inflation report to a 3.4% annual rate, according to the latest Consumer Price Index report. The rise indicates the Fed’s ongoing challenge to achieve a 2% target inflation rate may experience some fluctuations along the way. In December, the Fed set the housing market […]
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Pre-Qualified vs Pre-Approved: What’s the Difference?
Pre-qualification and pre-approval are two terms you may hear used interchangeably when shopping for a mortgage, but they are actually two optional steps you can take to start the loan approval process. A mortgage pre-qualification is usually a much shorter process that requires you to honestly report your own financial information, while a mortgage pre-approval typically requires you to […]
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What Are Contingencies in Real Estate?
How Contingent Offers Are Used in Real Estate Contingencies offer a way to protect both the buyer and seller in a real estate transaction. The homebuying process requires a series of steps and at any time in that journey, unexpected issues may arise that neither party was prepared for. Contingent offers act as a guide […]
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If Your House Hasn’t Sold Yet, It May Be Overpriced
I have this conversation often when I meet with sellers prior to listing their home. I take the time to prepare an in depth market analysis on their property, analyze comparable homes and recent sales in their area. Sometimes there is data that “the public” cannot see on the actual final sold price of a […]
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The Expert Guide of Home Building Terminology
Great Article Shared from a Local builder – David Weekley Learn about the home building process with this list of home construction terms and definitions written to be easy to understand. Home Building Glossary The field of home building is often where skilled craftsmanship meets specialized knowledge. With the specialized knowledge comes a lot of […]
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The Good News for Real Estate Investments in 2024
The 2023 housing market has seen many ups and downs, leaving investors wondering what to expect in 2024. The good news is that regardless of interest rate increases and lower than average inventory, real estate investments remain one of the most lucrative areas to invest in as we head into the new year. High Demand […]
Read MoreWell written by a fellow agent regarding the Recent Realtor Industry Lawsuit
Good and thoughts shared by a fellow agent. Some of you may have heard of and may have been following the recent Realtor industry lawsuit. News reports have spurred a lot of discussion in the Realtor forums. I’d like to take a moment to share my perspective on the home buying and selling process, how […]
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What’s Up with Real Estate? National news and local views for the week ending Friday, November 3, 2023
Very happy to deliver some good news to would-be buyers: mortgage rates just had a nice move downward! If you’ve put off buying (affordability) or selling (feeling locked-in by low mortgage rates), let’s have a discussion to make sure you’re ready to move when the time is right. What’s Up with Real Estate? National news […]
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