What Buyers Should Know About Sellers

In his Zillow blog post “3 Things Home Buyers Should Know About Today’s Sellers,” Brendon Desimone explains that it’s important for buyers to understand the mindset of sellers to make the process easier on both parties. Desimone says there are three qualities that many sellers these days share: Many homeowners are in negative equity. According to Zillow, 28 percent of homeowners will a mortgage are underwater, meaning they owe more than the home is currently worth. Because of this, many, many sellers have put off selling their homes because they couldn’t afford to take a hit. Now tha...

January 30th, 2013 What Buyers Should Know About Sellers

Anticipated housing trends for 2013

In her MSN Real Estate article, “8 ways the housing market has changed for 2013,” Melinda Fulmer sheds some light on anticipated housing trends and changes for 2013, and what people looking to buy a home this year can expect to see as a result. 1. Home prices should increase, but only by a bit. With the economy bouncing back, home prices have been on the rise for 10 consecutive months. According to the National Association of Realtors, the national median home price in November had increased 10.1 percent from the same period a year earlier. While analysts think the upward trend will likely...

January 18th, 2013 Anticipated housing trends for 2013

More Homeowners Mortgage-Free Than Underwater

We so often hear about people being underwater on their mortgages, so who would have thought that more people actually have no mortgage debt at all? According to Zillow’s post “More Homeowners are Mortgage-Free Than Underwater,” there are more Americans who own their homes outright – about 21 million – than those who are in negative equity, or owe more than their home is worth – about 14 million. Similar to negative equity, the free-and-clear homeownership rate is largely driven by home values – but in a different way. Underwater borrowers are pulled to th...

January 14th, 2013 More Homeowners Mortgage-Free Than Underwater

Tips to Buy in 2013

With the new year comes new opportunity – which for many of you, means finally purchasing your own home! So now what? The blog post “Tips for Preparing to Buy in 2013” offers four easy steps for kicking off the process of becoming a homeowner, and while it’s a complicated and sometimes stressful experience, it’s well worth it in the end. Finding a home you love is often the easy part. It’s figuring out how to buy it that’s often the confusing part, which is why the first step should always be: Choose a lender. We can’t stress enough how important...

January 3rd, 2013 Tips to Buy in 2013

home prices continue to rise! recently announced that home values rose for the 12 consecutive month in October, up 1.1 percent from September and 4.7 percent from October 2011! The month-over increase is the highest its been since August 2005, which saw a 1.2 percent increase, and the year-over increase is the highest since September 2006, proving that the housing market is well on its way to recovery. “Skeptics will point to the large role that investors are playing in the recovery, or to the large number of foreclosures yet to hit the market, as factors to be wary of. But the bottom line is that homes ar...

November 27th, 2012 home prices continue to rise!

A home is an investment – Treat it like one!

When buying a home, people don’t always consider it an investment, but it is. It’s actually one of the most common, smart investments people make. But as in any other kind of investments, a home can be an asset, a good investment, or a liability, a bad investment. A Zillow post by “Is a Personal Residence an Investment?” breaks down what constitutes a good investment versus a bad investment when it comes to homes. As explained in the post, the definition of investment is “taking risk with capital in expectation of earning a profit.” So, a home ser...

November 5th, 2012 A home is an investment – Treat it like one!

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