Buyers are making concessions to nab a home. Here’s what they’re doing
Buyers are making concessions to nab a home. Here’s what they’re doing
Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, according to a Bankrate survey.
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Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, according to a Bankrate survey.
Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, according to a Bankrate survey.
"We're at rates that we thought we might see at the end of the year," one economist said, underscoring the rapid increase in interest rates.
The post Mortgage Rates Zoom Past 4.5%—Here’s What Home Buyers Need To Know appeared first on Real Estate News & Insights | realtor.com®.
"We're at rates that we thought we might see at the end of the year," one economist said, underscoring the rapid increase in interest rates.
The post Mortgage Rates Zoom Past 4.5%—Here’s What Home Buyers Need To Know appeared first on Real Estate News & Insights | realtor.com®.
Rising mortgage rates and steep home prices have been particularly challenging for first-time buyers, especially young adults earning their first paychecks. Many are looking outside expensive metro areas to find more affordable homes in midsize cities, new research shows. According to a report from LendingTree, the online lending marketplace based in Charlotte, N.C., members of Generation Z — identified by the platform as people born between 1997 and 2012 — accounted for 10 percent of home b...
Rising mortgage rates and steep home prices have been particularly challenging for first-time buyers, especially young adults earning their first paychecks. Many are looking outside expensive metro areas to find more affordable homes in midsize cities, new research shows. According to a report from LendingTree, the online lending marketplace based in Charlotte, N.C., members of Generation Z — identified by the platform as people born between 1997 and 2012 — accounted for 10 percent of home b...
Good news. Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS:
8/11/22 Realtist meeting (sign up here)
8/15/22 YouTube Live with Matt Gouge (details TBD)
8/25/22 State of Housing Brunch & Learn (sign up (for real estate community)) 1) Buyers are finally getting in below the list price On avera...
Good news. Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS:
8/11/22 Realtist meeting (sign up here)
8/15/22 YouTube Live with Matt Gouge (details TBD)
8/25/22 State of Housing Brunch & Learn (sign up (for real estate community)) 1) Buyers are finally getting in below the list price On avera...
What To Do As A Landlord If Tenants Are Doing Drugs?
Mick Lefort
Wed, 09/29/2021 - 13:30
Your Tenant Has Illegal Drugs In Your Rental Property: What Should You Do?
Bad news: it’s been brought to your attention that one of your tenants is doing drugs on your property. Maybe it’s marijuana, maybe it’s cocaine, maybe it’s heroin. Your goal as a landlord is long-term tenancy and safety is a huge component of ensuring your tenants stick around...so what do you do?
...
What To Do As A Landlord If Tenants Are Doing Drugs?
Mick Lefort
Wed, 09/29/2021 - 13:30
Your Tenant Has Illegal Drugs In Your Rental Property: What Should You Do?
Bad news: it’s been brought to your attention that one of your tenants is doing drugs on your property. Maybe it’s marijuana, maybe it’s cocaine, maybe it’s heroin. Your goal as a landlord is long-term tenancy and safety is a huge component of ensuring your tenants stick around...so what do you do?
...
They’re Back! Wealthy Foreign Buyers Are Slowly Returning To The U.S. Housing Market
Nearly 7 out of 10 Canadian buyers (69%) made all-cash purchases.
getty
Nearly 7 out of 10 Canadian buyers (69%) made all-cash purchases. Anyone who bought a home – or tried to – over the past couple of years knows that it was rip-roaringly competitive, with bidding wars and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during t...
They’re Back! Wealthy Foreign Buyers Are Slowly Returning To The U.S. Housing Market
Nearly 7 out of 10 Canadian buyers (69%) made all-cash purchases.
getty
Nearly 7 out of 10 Canadian buyers (69%) made all-cash purchases. Anyone who bought a home – or tried to – over the past couple of years knows that it was rip-roaringly competitive, with bidding wars and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during t...
A Guide to Seller Concessions
American Pacific Mortgage / August 31, 2022 at 8:00 AM
There’s always a lot of back and forth when you buy a home. It’s called the negotiation process, and it’s one of the reasons you need a great realtor. Potential buyers want to secure the best sale price possible, while a seller wants to achieve their list price—if not more. Some sellers also want to sell as quickly as possible.
These goals can motivate a seller into offering concessions. Thi...
A Guide to Seller Concessions
American Pacific Mortgage / August 31, 2022 at 8:00 AM
There’s always a lot of back and forth when you buy a home. It’s called the negotiation process, and it’s one of the reasons you need a great realtor. Potential buyers want to secure the best sale price possible, while a seller wants to achieve their list price—if not more. Some sellers also want to sell as quickly as possible.
These goals can motivate a seller into offering concessions. Thi...
What Can Buyers Negotiate When Buying a Home? Blog posted On October 12, 2022
Rates are continuing to trend higher, giving many home buyers pause about their purchase. But rising rates are just the tip of the iceberg. Beneath the surface, the housing market is shifting in favor of home buyers. Prices are falling, competition is dwindling, and sellers are doing anything to reach the closing table. The power is yours – what do you want to ask of your sellers? Here are...
What Can Buyers Negotiate When Buying a Home? Blog posted On October 12, 2022
Rates are continuing to trend higher, giving many home buyers pause about their purchase. But rising rates are just the tip of the iceberg. Beneath the surface, the housing market is shifting in favor of home buyers. Prices are falling, competition is dwindling, and sellers are doing anything to reach the closing table. The power is yours – what do you want to ask of your sellers? Here are...
Homebuyers, buckle up! Lately, mortgage interest rates have been shooting up—and then falling back down—at a whiplash pace. Last month, rates surged, with some mortgage trackers reporting they briefly blew past 6%, before tumbling back down into the low- to mid-5% range. That’s a huge departure from a year ago, when rates hovered around 3% and there were no big swings from one week to the next. Rates averaged 5.51% for 30-year fixed-rate loans in the week ending July 14, according to Fredd...
Homebuyers, buckle up! Lately, mortgage interest rates have been shooting up—and then falling back down—at a whiplash pace. Last month, rates surged, with some mortgage trackers reporting they briefly blew past 6%, before tumbling back down into the low- to mid-5% range. That’s a huge departure from a year ago, when rates hovered around 3% and there were no big swings from one week to the next. Rates averaged 5.51% for 30-year fixed-rate loans in the week ending July 14, according to Fredd...
Bigger isn’t always better. After the mad dash by homebuyers to purchase larger places to live in at the height of the COVID-19 pandemic, some experts are making a case for more efficiently designed, smaller homes. With the pandemic seemingly waning, mortgage rates and home prices rising, and builders struggling to get anything up in the face of supply chain shortages, there’s a convincing argument to be made that home shoppers should consider seeking smaller houses. A new book by Sheri Koon...
Bigger isn’t always better. After the mad dash by homebuyers to purchase larger places to live in at the height of the COVID-19 pandemic, some experts are making a case for more efficiently designed, smaller homes. With the pandemic seemingly waning, mortgage rates and home prices rising, and builders struggling to get anything up in the face of supply chain shortages, there’s a convincing argument to be made that home shoppers should consider seeking smaller houses. A new book by Sheri Koon...