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Brad Hermes
Sellers all over the country are confused and worried they may have missed the best time to sell their home. Prices are dropping, mortgage rates are rising, and the pace has slowed but the impact on any individual seller is unclear. While the days of any home selling for any price are behind us, the
One of the best things a homebuyer can hear is, “we have ‘clear to close.’” It’s one of the biggest milestones in the mortgage lending process and means the underwriter has cleared the application to move forward to document signing and close of escrow. While a critical stage for the sale, this is not the
The most important aspect of listing your home for sales is the asking price. Unlike many other items we purchase, home prices are based on what a willing and able buyer would pay for the property. Sounds complicated, right? This is why real estate agents bring comps ( short for comparable properties) information with them
Everyone recognizes that this is a difficult housing market for homebuyers. With inventory shortages and low interest rates, buyers have seen a face-paced market with strong growth in home prices. As interest rates begin to rise, the pressure for buyers to settle on a new home and lock in their rate is even stronger. With
Buying a home can be a financial stretch. With soaring home values and rising interest rates, many potential first time home buyers find saving for adown payment increasingly difficult. For many people, the main source of savings is in the form of a 401k and tapping into this resource for a home purchase is one
One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage. Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. When interest rates are low or steady buyers have greater confidence that they will get a
We've compiled a list of reasons why selling properties on your own may be more dangerous than you think. keep emotions out of sale. Selling your house will be an emotional experience, especially if it's your first time doing so. There could also be times when clients don't show interest in your property, and you