Remember when you could look at a couple homes over the course of a week or two and make a decision? That isn’t the case anymore. If you have been in the market to buy or sell your home this summer, you know homes are selling as quickly as they are listed. There’s nothing more defeating then writing countless offers just to get beat out. Clients ask all the time, when do you think this market is going to settle down?
Read MoreWhen you’re buying a home, it is often recommended to have a home inspection- but what does a home inspection really mean? People have many misconceptions and perspectives on home inspections. I’ve had buyers ask me what happens if a home doesn’t ‘pass’ a home inspection. Or what if X,Y,Z all need fixed in order for the bank to accept the home inspection.
Read MoreWith a competitive sellers’ market right now, it’s hard to get a leg up on other offers. If you are a buyer looking for a home, you may have lost a bid to a cash offer. They always say cash is king, so does cash automatically trump any other offer?
Read MoreYou’re getting ready to sell your home, but you want to make the most out of the deal right? So you are contemplating selling it yourself. While there are many perks to selling your own home, there are also many drawbacks.
Read MoreAfter a crazy real estate market in 2020, how will 2021 stack up? So far interest rates remain low, therefore motivating many buyers to purchase. Although, home inventory is also low, which makes a very competitive market for buyers. Thus far, 2021 looks like it will be very similar to 2020. If you are a seller looking to get the most for your home, it’s important to prepare. Just because it’s a sellers’ market doesn’t mean you get a free pass. An overpriced home in a seller’s market is still an overpriced home. So what can you do to get the most for your home?
Read MoreAfter a real estate year like 2020, you might be wondering what 2021 has in store. Despite the fact that many markets were shut down the first quarter of 2020, it is said by experts that the surge in home sales at the end of 2020 actually made up the difference. Kinda crazy! So what’s next? While we can’t predict the future, we can make some educated guesses as to what trends to expect.
Read MoreSo you are buying a home, but don’t know where to start or what comes next. No worries, you are not alone! We see this often. Unless you buy or sell frequently, its tough to stay up to date on the entire process. Check out the chart below to help guide you in the right direction.
Read MoreIf you have been in the market to buy or sell your home, you know the market has been crazy. No one was quite sure how real estate would be affected by the pandemic when things opened up this spring. Sales for both existing and new homes hit their highest mark in August since 2006. Existing home sales are up 10.5% while new home sales are up 43.2% from a year ago.
Read MoreSo before I get started into the details of a sheriff sale, let’s refer back to a blog post in the summer about reverse mortgages. If you recall, we had placed an offer on a home that had been sitting empty for two years. Our goal was to pay the debt on this property and take ownership before it went into foreclosure. Once foreclosure starts, the bank takes possession of the property. This is the legal process used by the bank to recoup their money. Once the foreclosure process starts, it becomes near impossible to do anything. You are no longer negotiating with the owner, you are dealing directly with the bank. At this point it is just a waiting game until they decide to post a sale date. Well long story short, this property went into foreclosure. We never heard back from the reverse mortgage company and it is now listed for sheriff’s sale.
Read MoreIf you are a landlord, you have probably heard the most recent news from the CDC halting evictions for non payment through the rest of 2020. Considering evictions in my home state of Pennsylvania were halted back in May, its been a tough year for many landlords. As far as I am aware, there is no relief for landlords who still need to pay their bills, despite the lapse in income.
Read More
