Home Buyers
2023 Market: Hope and Hibernation
The supply of homes for sale has rebounded in early 2023, giving a bit of hope to homebuyers, according to Margaret Heidenry, writing for Realtor.com. Pricing has also become more reasonable, and mortgage rates are down from their 20-year high at the end of 2022. Declines in inflation could mean…Read More
Filed under Home Buyers on Feb 23,2023 | Tagged in: housing market, inflation, mortage rates
Montco: Try Before You Buy
If you’ve fallen in love with Montgomery County, and are considering purchasing a home here, it’s possible to try before you buy. Montco Happening suggests renting a place for a short-term stay, or for a fun getaway that gives you a chance to explore. There are plenty of historical or…Read More
Filed under Home Buyers, Montgomery County on Dec 22,2022 | Tagged in: Airbnb, Montco, Montco Happening, rentals, short-term rentals, VRBO
HOA Pros and Cons
Buying a home that is part of a Homeowner’s Association (HOA) might be perfect for some buyers – but not so great for others. Whether the HOA is for a single-home community or a townhouse or condo community, there are definite pros and cons. This article from Homelight offers details…Read More
Filed under Home Buyers on May 24,2022 | Tagged in: hoa, Homelight, homeowner’s association
Appraisal Gap Strategies
In today’s housing market, homes often sell for more than their appraised value. When this occurs an “appraisal gap” often results, creating mortgage issues for the buyers. That’s because a bank typically only lends funds based on the appraised value. So, for example, if you agree to buy a home…Read More
Filed under Home Buyers on May 10,2022 | Tagged in: appraisal gap, house market, mortgage
Flipping Pros and Cons
In today’s hot real estate market, you may be tempted to try house flipping. That’s the practice of buying a home in need of repair, renovating it, then selling it for a profit. You may have dreams of an exorbitant profit, considering that today’s buyers are often paying higher prices…Read More
Filed under Home Buyers on Jan 27,2022 | Tagged in: house flipping, The Balance
Lake House Logic
Summer vacations by a tranquil lake are a dream many of us enjoy for just a week at a time. If you’ve considered making a lakeside home a permanent reality, look before you leap. There are a number of important considerations when choosing the perfect lakeside paradise. Realtor.com offers 9…Read More
Filed under Home Buyers on Sep 21,2021 | Tagged in: lakeside home, lakeside paradise, Summer vacation
Don’t Write That Letter!
Home buyers often try to win a bidding war by writing a heartfelt letter to the seller, painting a picture of who they are and how they’ll cherish the home. Some buyers go even further, creating videos and polished presentations. But, according to this article from CNN Business, the letter…Read More
Filed under Home Buyers on Aug 17,2021 | Tagged in: Fair Housing Act, Fair Housing laws, home bidding
Multigenerational Homes are Trending
An old idea is now new again, thanks to COVID. It’s the concept of multiple generations of a family all living under one roof. In days gone by, it was common for older parents to live with their children. Today, it’s more likely that an older person would continue to…Read More
Filed under Home Buyers on Aug 03,2021 | Tagged in: family, multi family homes, multigenerational living, single family homes
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