Remodeling and upgrades can help increase the return on investment (ROI) of a home; however, it is unlikely the homeowner will recoup the total cost of most upgrades. Generally, an upgrade project must fix a design or structural flaw to recover the construction cost. According to Angi.com, the average homeowner in the United States spends … Read more
Like most everything, home values are generally subject to the law of supply and demand. However, determining a home’s worth can be difficult due to the current economic conditions, location, comparable area sales, interest rates, and other factors. Knowing a home’s current value means greater control for the homeowner. Why Understanding Home Values is Important … Read more
Highlights The median list price of homes in the November U.S. housing market is down slightly from October but still lower than a year ago. November was the second consecutive month that annual price gains slowed following a fourteen-month acceleration. Due to a shortage of homes available for sale, many homeowners were reluctant to put … Read more
National housing market indicators available as of November showed overall improvement. While home values are trending upward in most larger markets, the inventory is trending down, suggesting the winter months will be a more competitive market in many areas of the country. Due to the inventory shortage, many homeowners have been reluctant to put their … Read more
Curb appeal is the first impression a potential buyer gets of your home. A home’s curb appeal refers to its attractiveness when viewed from the street and is essential to consider when putting a home on the market for sale. It helps set expectations for potential buyers and positively influences a home’s value and marketability. … Read more
A pre-approval letter is a document from a lender based on certain assumptions, stating the maximum the lender is willing to lend to purchase a home. When applying for a mortgage pre-approval, the lender typically requires information about your credit, employment, income, debts, and assets to determine your creditworthiness. Documents Needed for Mortgage Pre-Approval Here … Read more
As you prepare to purchase a new home, you’ll hear the terms “pre-qualified” and “pre-approved.” These are key steps in the mortgage application process. However, there are important differences in the two terms that every homebuyer needs to understand. Briefly, being pre-qualified is a first step in the mortgage process that gives you an idea … Read more
Highlights The October U.S. housing market remains active and improving overall. However, home prices remain high due to tight inventory and high demand. Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult. Experts hope that increased construction will help ease the home … Read more
