How to Get Started in Real Estate Investing

Beginning in Real Estate Investing

While growing wealth and investing can encompass many platforms and strategies, real estate has proven to be one of the most successful and dependable. Moreover, effective real estate investing can be a stabilizer and even a catalyst for increasing your net worth and is not as susceptible to market shifts and global uncertainty. Adding real…

Read More

What to Expect at Closing

What to expect at the closing of a real estate transaction

Closing on a new house can be one of the most exciting days of your life. But before you get the keys, you’ll need to sign several documents at the closing table. So, here’s what to expect on your big day. What Are Closing Costs? Closing costs are the fees and expenses buyers and sellers…

Read More

How Much House Can I Afford?

How to determine how much house you can afford before beginning a home search

Most of us, at some point, dream of buying and owning a home. In addition, the initial investment can grow into a significant profit because of property value appreciation. For both first-time and experienced homebuyers, the question becomes: “How much home can I afford?” Calculating the Limit Working with a professional Realtor and lender at…

Read More

How Do Interest Rates Affect the Housing Market?

Interest rates and the housing market

Most prospective home buyers work with a mortgage lender to finance a home purchase. In fact, according to a U.S. Census statistic in 2020, 64.8% of current homeowners used a mortgage loan to buy their homes. As interest rates fluctuate, borrowers generally lock in fixed rates to ensure that their monthly mortgage payments remain steady…

Read More

What Does a Realtor Do for the Homebuyer?

Realtor working with new homebuyer

Prospective homebuyers who begin their search without enlisting the knowledge and experience of a professional Realtor to represent them will miss out on a range of resources that can help them make an informed decision. Realtors add insight into the current market conditions and a real-time understanding of each neighborhood’s current conditions and characteristics. A…

Read More

What Does a Realtor Do for the Home Seller?

Realtors sell homes

Just about anyone who has ever sold a home with the help of a knowledgeable Realtor appreciates the role they played in counseling, guiding, advising, and managing the process. Roles of a Professional Realtor When Selling a Home Once a home seller connects with a knowledgeable Realtor to market and sell a home, they have…

Read More

What is a Mortgage?

Home mortgage basics

Unless homebuyers pay cash for the total price of a home, they are likely to borrow at least some of the money needed to make the purchase. Lenders offer a broad array of secured loans, known as mortgages, to help buyers realize their dream. A mortgage is a loan used to purchase real estate, a…

Read More

Pros and Cons of Paying Off a Mortgage Early

Discover the pros and cons of paying off a mortgage early.

Soon after signing mortgage loan documents that lock in a 15- or 30-year debt, homeowners dream about paying off the debt early to get rid of the monthly burden. But, even if you could pay the mortgage off early, is it a good idea? When Considering Paying Off a Mortgage Early Paying off a mortgage…

Read More

Is Working from Home Changing Homebuyer Needs?

Is Working from Home Changing Homebuyer Needs?

Working remotely has changed how Americans spend their time at home. The home office has taken on new meaning, and homeowners are no longer looking for a house with a room like the kitchen or den that can double as a home office. Spending extra time at home and the desire for more space, both…

Read More

Median Home Prices and Mortgage Rates Climb [Infographic]

March Housing Market Report

Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. The share of homes for…

Read More