Friday, September 08, 2017 / by Nicole Solari
It’s time to clear a few things that have been lingering around my desk, bits and pieces of market news that together explain some of what’s happening with today’s housing market and how it may change in the near and distant future.
More would-be buyers opting out of homeownership
The most popular theory about why more houses aren’t being sold: There simply aren’t enough properties on the market to go around. But according to a new study from Experian, one of the big three credit repositories, a big chunk of what would ordinarily be potential buyers have opted out of homeownership.
More than a quarter of the 1,000 people queried in a telephone survey in late June — 27 percent — told Experian that they have no interest in owning, not now and not five or 10 years from now. That’s up from 19 percent when pollsters asked the same question a year ago.
Another big reason: Folks want to remain mobile. Nearly tw ...
Monday, August 28, 2017 / by Nicole Solari
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
Alaska & West Virginia were the only states where home prices are lower than they were last year.
Wednesday, June 21, 2017 / by Nicole Solari
After working hard for so many years, you might have purchased a home you are proud of. However, you might have heard about folks whose families were unable to get the family home after a parent’s death because it was tied up in court with probate issues.
As a parent and spouse, you probably want to spare your children from the expense and burden of probate court. Here are 3 ways to protect your home from probate so that it goes to the person or people you wish it to with as little delay as possible.
1. Use a Living Trust
While you're alive, you might be adamant about managing your personal affairs. However, if you want to be sure that you're legally protecting your estate, you ought to look into a living trust.
With a trustee, usually a trusted friend or family member, you can continue managing all the assets you transfer to the trust while you’re alive. When you finally pass on, the people or person listed as your beneficiari ...
Friday, June 16, 2017 / by Nicole Solari
Homebuyers are caught in a storm of low inventory, high demand and tight credit availability.
In these market conditions, even simple tactics or connections a potential homebuyer can have could make the difference between owning a home or not.
1. Know what you can afford
When looking for a new home, make your search more effective by knowing how much home you can afford. Carefully calculate the overall monthly payments. Be sure to include additional costs like property taxes, insurance premiums, homeowners insurance, homeowners' association dues (if applicable), etc. Look at your monthly budget to understand how a mortgage payment will fit into it.
2. Identify your potential downpayment
Do you have 20% of your target purchase price available for a downpayment? That's often considered the industry norm, but there are other options available. If you don't have the funds for a significant downpayment, it may not be a problem. There are a variety of loan pr ...
Wednesday, June 14, 2017 / by Nicole Solari
Summer's one of the hottest home buying and selling seasons in most real estate markets. It's the favorite season for families with children in school to buy and sell. Summer of 2015 is finding low inventory of homes for sale in many areas. The limited inventory can give seller's an advantage. You still need to prepare your home for the market if you want top dollar. These simple tips will get you off to the right start.
Curb Appeal is Sexy
This is true when selling your home at any time of year. Having an inviting, attractive front yard with an alluring home is your first step to success.
In the Summer it's important to check all sprinkler heads and irrigation systems. Make sure they're keeping things from drying out in the Summer heat. Replace any dead or dying plants. If you have desert landscaping, add tinted rocks as accents and as replacement for any barren spots. In "10 Steps to Great Curb Ap ...