Because the housing market is so competitive right now, many buyers are looking at alternative options. Instead of looking for a resale home, some buyers are considering a new home. What is the process of taking out a loan on a new construction home? There are several factors buyers should consider. Pricing On A New Construction Home Many buyers are used to negotiating with sellers to get the best deal possible. On a new construction home, it is still possible to negotiate for a better price. Most homeowners are going to be negotiating for better items in the home than the purchase price. For … [Read More...]
Once you're done with debt and you've started to save, it's commonly the case that you'll start hearing about the risks and rewards of investing in stocks or real estate. Unfortunately, it can be difficult for many people to know what type of investment is going to work better for them down the road. If you're currently considering what you should put your money into, here are some reasons you may want to turn to real estate. It's Something You Can See While investing in the stock market will give you the ability to invest as little or as much as you want, a home will take a monthly payment … [Read More...]
There are many factors that buyers need to consider when they are evaluating a potential property. Sometimes, buyers run across properties that have to deal with something called a Homeowners’ Association, or HOA. What Do HOAs Do? An HOA ensures that communities look their best and function well. While HOAs were unusual several decades ago, they are becoming more common. HOAs are typically governed by a board made up of people living in the neighborhood. By ensuring properties look their best, property values could remain high; however, there could also be restrictive covenants in … [Read More...]
Property values are a moving target. They are important to buyers and sellers because everyone wants to get the best deal possible. Sellers want to get as much money for their investment while buyers do not want to overpay for a home. There are a lot of factors that play a role in property values including the economy, the number of people looking for homes, new home construction, schools, the job market, and more. How do real estate agents estimate the value of a home? How Much Will Someone Pay For A Home? The market value of a home is the amount of money someone is willing to pay for that … [Read More...]
Last week’s economic reporting included readings on construction spending, consumer sentiment, labor sector reports on public and private sector jobs, and national unemployment. Weekly readings for mortgage rates and jobless claims were also released. Residential Sector Drove June Construction Spending Construction spending rose by 0.10 percent in June according to the Commerce Department. Analysts expected spending to increase by 0.50 percent, but builders spent less on public sector and non-residential projects. Spending for all construction spending rose at a year-over-year pace of … [Read More...]
When it comes to real estate, putting your home in its best light is key when it comes to making the sale. While it may seem like you're more limited with a home of a smaller scale, here are a few ways you can enhance what's best and make a good impression on potential buyers. Let There Be Ideal Light If you've ever taken note of a room on a perfectly lit day or a downcast one, the difference in how lighting can impact a space is marked. When staging your small space, you'll want to check the lighting of each room and make sure it ideally enhances the space it's illuminating as few things can … [Read More...]
