If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.
Ask yourself the following three questions to help determine if now is a good time for you to buy in today’s market.
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.
The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.
In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.
Savvy home buyers, like you, interview multiple buyer’s agents before deciding on whom to hire. It’s in your best interest to ask them some or all of the following questions to gauge their knowledge and whether or not they fit with your needs.
Take a look below at our list of the best questions to ask a real estate agent and let us know if there are any additional questions that you have found valuable when interviewing agents.
With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago.
Here are three key metrics that will explain why:
(This article includes a compilation of leading sources and information, cited below)
It’s 2018. The holiday season is over and now it is time to get back to “adulting”. With that comes the dread of TAX season. I know, I know, the tax bill that has been signed by President Trump has completely overhauled the tax system, keeping many of us in a lurch on how it might impact the “common” American when it comes to home ownership. Yes, there are a lot of changes that will effect deductions and tax breaks in the future…but we will get to that down the road. For now, lets focus on how you can still make home ownership from 2017 work for you NOW and save you money during this tax season. My colleagues at Colorado Home Realty even argue that the new tax bill won’t impact homeowners much moving forward, but again, for now, lets simply focus on your 2017 taxes. Ready? Okay, lets go…