Home price reductions have increased. If have concerns about whether or not you’ll be able to get top dollar, you’re not alone. As of October 2022, nationwide home prices have fallen 7.65% since May highs. And home price reductions have increased from 10.6% last October to 20.9% this year. Reduced demand paired with rising price […]
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Staging is the standard Staging, the standard in real estate markets, enhances a house’s appeal, drawing attention away from imperfections It makes the house look its best and can distract the eye from things that may be less than perfect. However, this aesthetic allure may lead buyers to overlook distinctions between fixtures, finishes, and furniture.
Fixtures, Finishes and Furniture: Real Estate Definitions Read More »
As recently as this past summer, the residential real estate market blazed red-hot. The boom made life supremely easy for home sellers, with multiple buyers showering them with bids. At the peak of this super-competitive market, many buyers had to eliminate real estate contingencies from their offers, reducing their negotiating power. They felt this was
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This winter season, the real estate market has taken a complete 180. It normally slows during the holidays but this is beyond a seasonal slowdown. It’s nothing like it was six months ago. Nationwide realtors are speaking a new language via their blogs. What’s the hot topic these days? Contingencies. Property Condition Contingencies For the
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Homeownership and Wealth Creation are very closely related. Homeownership is often called a “forced savings account.” In other words, equity is “deposited” into your homeownership account as you pay your mortgage and as values increase. Long-term homeownership has been shown to build wealth for households. The median homeowner realized $255,900 in wealth in 2019 compared to
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Best Real Estate Articles November 2022 The current real estate market isn’t what it used to be all the way back in June. Not even six months ago, it was a strong sellers’ market. Conversations were filled with questions like: “When are you taking offers?” “How many offers do you have?” “Are there any contingencies?”
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Top 11 home improvement trends have changed in the past few years. Creating a comfortable home has always been a priority for many people. It became even more crucial during the pandemic. With many people having to stay indoors for months, the need to find new approaches to relaxing, working, and even entertaining indoors became
Top 11 Home Improvement Trends Now Read More »
If you sell your rental house it’s a bit different from selling your primary home. This not only makes the process a bit complex but also intimidating. You will have more hoops to jump through if you have sitting tenants. However, it is still your property and you can sell it even with the tenants living
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What are building permits? Permits are written permissions by your county or city planning department. They’re mandatory for most remodeling or construction projects. You might be surprised at how many projects – big and small – actually require a building permit. They’re necessary for many reasons. They help you and your contractor ensure that
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You might have to pay taxes when selling your home. But there are ownership and use requirements that can help you on some of the gains you’ve accrued during the time of your ownership. So before you finalize your home-selling plans talk to your tax professional. Don’t skip this step. It’s not a debt you want to
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