Seeing fewer for-sale signs now that summer is over? That can be great news for buyers who are looking to score a new home and buyers who want to get rid of their place and buy a new one. If you think you missed the boat on making your move this year, we're here to tell you why buying and selling in the fall can work for you.
Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same home you want. That gives buyers an important edge. Families on a mission to move into a new home before school starts are out of the picture. Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale - and in some
Every successful home search begins with a wish list. Armed with your inventory of must-haves, you'll know how to focus your search and recognize a potential home that isn't worth your time.
Still, there's a strange thing that seems to happen when you're deep in the trenches of house hunting: The more you look, the longer that wish list seems to grow. But sooner or later, you have to own up to the fact that you can’t have everything—it's inevitable that you'll make some compromises somewhere.
And, in these days of tight inventory and cutthroat competition from other buyers, you might feel forced to waver far afield from your hallowed wish list in order to land a home.
That's OK—it’s important to be flexible. But there are a few times when you
A slower fall season in home buying may help more lingering home buyers to jump in. Credit the flurry of back-to-school activities and end-of summer vacations for sidetracking some sellers and buyers. Typically, the last two weeks or so of August cool a bit and the market picks up again full steam once school resumes for one last big push up until the Holiday season.
Home buyers may find attractive mortgage rates this fall. Mortgage rates are still under the 4 percent psychological threshold, which can be a luring incentive for borrowers. Freddie Mac reported last week that the 30-year fixed rate averaged 3.78 percent, holding steady at a 2017 low.
Studies have shown that fall can be the best time to buy. A study conducted by RealtyTrac in 2015
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5 Real Estate Stats Homeowners Should Know:
As homeowners, it's good to know a little bit about the market our home is located in. There are a couple of real estate stats that are good to know as they can give us a feel for the temperature of the market.
1) Medium Price - Both average sales price and median sales price can provide an indication of pricing trends. Median sales price provides a more reliable number because it is not influenced by outlier sales that can sell for unusually high or low prices. However, as with any other stat it's not good to look at only one metric.
Bookshelves and cabinetry incorporated within a home’s architecture once was equated with grandeur, offering homeowners the opportunity to showcase personal treasures and knickknacks. But over time, the pieces may look dated. Here are updating ideas with pizzazz that buyers may love.
September 2017 | By Barbara Ballinger
Built-in cabinetry, whether part of a home’s initial design or added to organize and display books, artwork, or knickknacks, has long offered a way for homeowners to introduce a distinctive look to their interior. But with the rise of digital media and minimalist decor, buyers these days may have less of a need for this once widely coveted storage feature.
The true cost of buying a home can be a lot more than the agreed-upon sale price. Along with your monthly mortgage payment, you will likely find yourself shelling out for other upfront and ongoing expenses. Closing costs, homeowners association fees, property taxes, utility bills and imminent home repairs can add hundreds — if not thousands — to your expenditures.
Avoid unpleasant financial surprises by familiarizing yourself with some of the more common expenses associated with buying or building a new home. Budgeting for added monthly expenses — and setting some aside for emergencies — will help ensure your new dream home is also an affordable one.
Closing costs: Add in an estimated 2% to 5% of home price.
Pricing your own home is hard, what with all the history and hopes this magic number entails. Of course, you want to make a profit. Of course, all that money you spent installing a swimming pool or a half-bath will be recouped, because you're leaving your digs in better shape than when you bought it, right? Right?
Well, not necessarily. Too many home sellers fall prey to myths about home pricing that seem to make sense at first, but don't jibe with the reality of real estate markets today. To make sure you haven't bought into any of this malarkey—since the buyers you're trying to woo sure haven't—here are some common pricing myths you'll want to rinse from your brain so you kick off your home-selling venture with realistic expectations. It's time
KIRKLAND, Washington (Sept. 6, 2017) – As smoke and ash blanketed parts of Washington state, one real estate broker noted, “Even in a fire there are some cooler spots, and seasonally, the housing market is in a cooler spot.”
Pending Sales Exceed New Listings Again For August
Active Listings Down 12.8% Compared to Last Year
$1,000,000+ Homes Sales UP 52% Over Last Year
The latest numbers from Northwest Multiple Listing Service show there are both cooler spots and hot spots, with the demand for housing and prices showing few signs of being extinguished.
“For August, we experienced a more robust market than anticipated,” remarked Diedre Hanes, principal managing broker-South Snohomish County at Coldwell Banker Bain in Lynnwood.