You’ll find my blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because I care about the community and want to help you find your place in it. Please reach out if you have any questions at all. I'd love to talk with you!
The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s not the rate that consumers pay, the Fed’s moves still affect the borrowing and saving rates they see every day.
Rising interest rates mean borrowing costs more, and eventually saving will earn more.View More
Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting.
As you set off on your journey and plan your next move, here are a few reasons to think about home buying this year.
In this fast paced seller's market, buyers need to be ready with a
preapproval letter in hand. Many sellers won't even consider your
offer if you don't have one.
A mortgage preapproval is a lender's offer to loan you a certain
amount under specific terms. Having a preapproval letter shows
home sellers, and real estate agents, that you're a serious buyer, and
can give you an edge over home shoppers who haven’t taken this
According to CoreLogic, current homeowners are sitting on
record amounts of equity thanks to recent home price
appreciation. That much equity can open doors for you to make
a move. If you’ve been holding off on selling because you’re
worried about how rising prices will impact your next home
search, rest assured your equity can help fuel your move. It may
be just what you need to cover a large portion – if not all – of
the down payment on your next home.
Many buyers choose to purchase a home inspection soon after making an offer on a property to gather more information on the health, safety, and major mechanical conditions of a home they are planning to buy. The primary intent of the home inspection is to help the buyer(s) identify any major defects that may cost the buyer(s) money above the purchase price to repair. A home inspection is not intended to point out minor cosmetic issues, like outdated fixtures. Nor is it intended to be used as a negotiation tool after a property is under contract to try and drive the purchase price lower.
A general home inspector will be evaluating things you can see with the naked eye. Things behind the walls are not in the services they cover. Also, they typically do not cover swimming pools or hot tubs, appliances, landscaping, septic tanks, sewer lines, and pests. The four primary areas a general home inspector will focus on include:
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