The decision to buy first or sell first, has always been a little of the "Which came first: the chicken or the egg?" type of question. Is it better to buy another home before you sell your current one or sell the current one before you buy the replacement? Some Continue Reading
U.S. homeowners with mortgages have seen their equity increase by a total of $2.9 trillion or 29.3% since the 2nd quarter of 2020. Continue Reading
The highest activity during a listing period happens in the first weeks it comes on the market because of the surge of buyers wanting to see the "new" listing. After that, it only new buyers to the market who will look at it. Continue Reading
With the rapid appreciation that homes have had in the last two years, most homeowners have equity. A common way to release part of the equity is to cash-out refinance but some homeowners may not be eligible currently. This type of loan replaces the current mortgage Continue Reading
A Seller's equity in their home is the difference between what the home is worth and what they owe. At any point in time, it is an estimation because value is a very subjective term. If the seller thinks the home is worth more than an actual buyer will Continue Reading
A successful home sale, considered by many owners, is to maximize their proceeds in the shortest time with the least inconveniences. Just because it is a seller's market doesn't mean that homeowners can shortcut some of the steps that make it happen and they certainly Continue Reading
According to a survey by the Federal Reserve Bank of New York, 90% of respondents chose owning a primary residence over investing in the stock market. They cited higher returns and lower volatility as reasons to buy a primary residence. Additionally, more than 50 Continue Reading
Desktop, Drive-By Appraisals Appraisers are essential workers in many areas, so home valuations are continuing. But often remotely. New, temporary rules from the Federal Housing Finance Authority allow drive-by and desktop appraisals for loans backed by the Continue Reading