Tag Archives: home

Homebuyers Move Quickly for Inventory

Falling inventory forces homebuyers to move at fastest pace ever

Source: Housing Wire

housing market forecastHousing inventory fell 8.9 percent from last year in the second quarter of 2017, sending homebuyers scurrying to beat the rising competition.

Housing inventory dropped for nine consecutive quarters, and is currently down a full 20 percent from inventory levels five years ago, a new report from Trulia shows.

And now, homebuyers are snatching up homes at the fastest pace since Trulia began tracking in 2012. While 57 percent of homes were still on the market after two months in 2012, today that number shrank down to 47 percent.

Competition is so fierce, in fact, that 33 percent of Americans who bought a home in the last year made an offer without even seeing the home in person, according to a survey from Redfin, an online real estate brokerage.

This is up from 19 percent of buyers who placed an offer on a home without seeing it first last year. Among millennials, even more placed offers without seeing the home in person — a full 41 percent.

Read the full story

Money Monday: Buying a home without a 20% down payment 

Are you thinking of buying a home, but don’t have 20% of the purchase price for a downpaynent?

That doesn’t necessarily mean that you’re out of luck. 
  

With the national average listing price for a four-bedroom, two-bathroom home at $302,632, according to Coldwell Banker Real Estate, home buyers need to come up with $60,526 to put 20% down.

A recent article from Money.CNN.com has some helpful ideas for hopeful homebuyers:

1. Apply for an FHA loan. These require as little as 3.5% down. 

2. See what your options are through the government. 

“The Department of Veteran’s Affairs guarantees VA home loans with 0% down to former and current service members… 

“The Department of Agriculture has a home loan program to increase homeownership in more rural and less-populated areas…

“Many cities and municipalities offer down payment assistance programs to help potential buyers…”

3. Ask family members for a loan.

4. Get the money as a gift 

5. Use retirement funds 

Read CNN’s full post on this here: “How to buy a home without a 20% down payment“.

Home Repairs You Cannot Afford to Ignore

Home repairs are an issue that many of us tend to dodge. We understand the necessity of the repairs; however when it comes down to it many of us do not have the time or money to fix everything.

rodent house infestationThe following list of minor home repairs could end up costing you big money if you continue to procrastinate:

  • Rodent incursions – Rats, mice and other vermin love to chew through insulation and wiring and are suspects in many house fires.
  • Soaring fuel bills – This is more than a pocketbook issue, since poorly functioning systems can cause deadly carbon monoxide buildup in your home.
  • Peeling paint – Paint is like a home’s skin. It’s the first line of defense against incursions by water and pests. Water that seeps into wood can lead to rot.
  • Flickering lights – It might be that the wiring in your house is dysfunctional or you have too many appliances hooked up to a single circuit. Either one can cause a fire.
  • A water leak – Left unchecked, leaks can lead to rot, dry rot, mold and termite infestations. Water can cause roofs to collapse, foundations to buckle and all manner of expensive repairs. Water-related problems can also get your home blackballed by insurance companies worried about mold-related claims.

New Year’s Checklist for First-Time Buyers

Get all your ducks in a row so that you’re ready to make a winning offer on the home of your dreams.

buyers and sellers real estate disclosuresMaking a resolution to take the leap from renter to buyer? If so, you need to know a few things to make sure this New Year’s resolution succeeds.

Here’s your step-by-step guide to getting all your ducks in a row so that you’re ready to make a winning offer on the home of your dreams. Continue reading

How to be Content with Your Home

Whether you’ve been letting your home improvement to-do list get the best of you, or are finding yourself comparing your real-world home to professionally styled and photographed ones, it’s natural to get a little down on your home from time to time.

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Luckily, feeling content at home is something available to everyone, no matter the size or condition of your space. By working your way through these nine suggestions, you can gain a deeper appreciation of your house, just as it is today. Continue reading

Is it Love or a Crush? How Homebuyers Find “The One”

Have you had a house crush before? How did you know whether or not that home was “the one”?

It’s imperative to have a list of must-haves and deal breakers when shopping for a home. The California Association of Realtors (CAR) surveyed home buyers on Realtor.com to find out what house attributes are crucial and which were must-not-haves for the average real estate buyer.

How to evaluate homebuyer crushes

While both men and women agreed that the outdoor living spaces were of the highest priority (46% and 54%, respectively) and curb appeal was third on the list for both genders (29% for women and 35% for men), they were split on other important house factors.

42 percent of women ranked open floor plans as a must-have, with updated appliances and fixtures falling in as necessary attribute number four for 29% of women. Men, on the other hand, found garages to be secondly important to outdoor living areas, with 40% putting where they parked their cars on the top of their house must-haves list. Open floor plans rounded out men’s lists, with 30% wanting them in their future home. (This infographic/information is from CAR.org)

What do you have on your home must-have list? Any of the above, or something else? Please share below!

 

Maximize your small house’s space

Some people choose to downsize into a small space, some people just end up in one. Whichever your situation is, there are plenty of ways to make the best use of your space. Giving extra attention to elements like lighting, color, and how you arrange the space can make a difference between a house that feels cramped and uncomfortable and a home that feels uncluttered and spacious.

Here are some ideas for making the most of your small home Continue reading

Spring Cleaning 101

vacuumSpringtime is here and as the weather gets warmer it’s time to start the annual tradition of sprucing up your home and getting your living space in its best shape. But before you start, if you want to get your entire house sparkling and address all those forgotten nooks and crannies, then you might want to consider these tips to get your spring cleaning ritual underway. After all, sometimes the hardest part of any cleaning project is figuring out exactly where to start. Continue reading