In mid-March, borrowing rates were slashed to banks to nearly zero percent and announced it would buy at least $700 billion in government bond purchases, channeling about $200 billion of the stimulus into mortgage-related bonds. Not since 2008 has the central bank made such a dramatic move to stave off the effects of a pandemic economic recession.
Home buyers and home sellers want to know one thing – how much a home is worth. Fair market comparable data, assessments and appraisals are all relevant ways to determine value, but all values are not the same. So what are the differences?
In 2019, the National Association of REALTORS reported that 18% of home buyers were single females, compared to nine percent of single males. From this data, it’s clear that single women see homeownership as an important way to provide themselves with more stability and financial security.
Companies use color trends to boost brand awareness and product sales, but the research behind colors and how they impact consumers is anything but arbitrary. Color trends aim to appeal to emotions caused by world events, history and cultures, the economy, and the human need for change.
Sometimes, buyers and sellers can behave like adversaries. Both sides want to “win,” often sabotaging the transaction irreparably. No one wins if the home doesn’t sell.
So how can you win and keep things civil?
The comparison market analysis, otherwise known as a CMA, is an analytics tool real estate professionals use to help sellers learn what homes similar to theirs in size, age, and features have sold for, and buyers learn how close to asking price homes have sold for so they have a better idea how much to offer.
Some mortgage terms can be confusing, none more so than the similarities and differences between prequalification and preapproval. The two terms are often used interchangeably, but they mean very different things to lenders, real estate professionals and home sellers.
As a seller of a home or property, your #1 goal is to sell your home as quickly as possible at or near the listing price, so it is important to put your best foot, or in this case, home forward.
Something goes wrong with the air conditioner or the toilet clogs when you least expect it. Unless you’re Mr. or Ms. Fixit, you’ll have to go to the expense of calling a plumber, electrician or appliance expert to solve the problem. Unless a part has worn out, pilot error (that’s you or someone in the household) caused the malfunction.
