How to Determine If You Can Afford to Buy a Home
The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today.
It is true that home prices and wages are two key elements in ...
Posted by Brent Wells on October 30, 2019 in Mortgages
Thinking of Selling Your Home? The Waiting Is The Hardest Part.
Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. ...
Posted by Brent Wells on October 29, 2019 in Selling Your Home
4 Reasons to Buy a Home This Fall
Here are four great reasons to consider buying a home today, instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last ...
Posted by Brent Wells on October 28, 2019 in Buying a Home
Buying a home can be SCARY…Until you know the FACTS
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out ...
Posted by Brent Wells on October 25, 2019 in Buying a Home
Think Prices Have Skyrocketed? Look at Rents.
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a ...
Posted by Brent Wells on October 24, 2019 in Building A Home
5 Reasons to Consider Living in a Multigenerational Home
Did you know that 1 in 6 Americans currently live in a multigenerational household?
According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers ...
Posted by Brent Wells on October 24, 2019 in Buying a Home
3 Reasons to Use a Real Estate Pro in a Complex Digital World
If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to ...
Posted by Brent Wells on October 23, 2019 in Buying a Home
Existing-Home Sales Report Indicates Now Is a Great Time to Sell
The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for ...
Posted by Brent Wells on October 23, 2019 in Selling Your Home
3 Reasons This is NOT the 2008 Real Estate Market
No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing ...
Posted by Brent Wells on October 21, 2019 in Market Conditions
5 Tips for Starting Your Home Search Today
In today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. Here are five tips from realtor.com’s article, “How ...
Posted by Brent Wells on October 21, 2019 in Buying a Home
Homes Are Selling Quickly
The National Association of REALTORS® surveyed their members for the release of their Confidence Index.
The REALTORS® Confidence Index is a key indicator of housing market strength based on a ...
Posted by Brent Wells on October 20, 2019 in Selling Your Home
What You Need to Know About the Mortgage Process
Many buyers are purchasing homes with down payments as little as 3%.
You may already qualify for a loan, even if you don’t have perfect credit.
Your local professionals are here to help you determine how much you can ...
Posted by Brent Wells on October 13, 2019 in Mortgages
You Need More Than a Guide. You Need a Sherpa
In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. ...
Posted by Deb Wells on October 10, 2019 in Market Conditions
62% of Buyers Are Wrong About Down Payment Needs
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:
“More than 6 in 10 (62%) Americans ...
Posted by Brent Wells on October 7, 2019 in Buying a Home
3 Signs the Housing Market Is on the Rebound
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound:
1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth....
Posted by Brent Wells on October 5, 2019 in Selling Your Home
5 Homebuying Acronyms You Need to Know
Learning the lingo of homebuying is an important part of feeling successful when buying a home.
From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
Your local ...
Posted by Brent Wells on October 4, 2019 in Buying a Home
4 Tips to Improve Your Home and Save on Your Energy Bill
As a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2nd is Energy Efficiency Day, a perfect time to think about making some key upgrades that will ...
Posted by Brent Wells on October 2, 2019 in Home Maintainance
What to Expect from Your Home Inspection
You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection.
This contingency allows you to renegotiate the price you ...
Posted by Brent Wells on October 1, 2019 in Buying a Home