Uncategorized Do You Need a Jumbo Loan? For 2021, the Federal Housing Finance Agency (FHFA) which oversees Fannie Mae and Freddie Mac raised the maximum conforming loan limit for a single-family property from $510,400 in 2020 to $548,250. In high-cost areas, including parts of California, New York, Washington D.C. and others, the limit for conforming mortgage loan limits is 150% of that limit, […]
Uncategorized Buying a Home with Bitcoin In April 2021, Bitcoin hit an all-time high in the price of its coins, virtual trader Coinbase went public with a valuation of $86 billion, and Venmo, owned by PayPal, announced it’s adding support for cryptocurrencies. All of these give access to customers who can now easily buy, sell and pay for items with cryptocurrencies […]
Uncategorized All About Biophilic Interior Design Architects and interior designers strive to improve living spaces so their clients will be happier and more productive. One increasingly popular approach is called biophilic design, which “seeks to connect occupants more closely to nature,” according to Archdaily.com. Biophilia simply describes the affinity and love humans have for the natural world and its life forms. It’s the reason […]
Uncategorized Is It Cheaper to Rent or Buy? Home prices are going up, but in some areas of the country, it may be cheaper for you to save money for your own home by renting another year. According to Move.com, renters can save thousands on a lease in the nation’s largest tech hubs, compared to pre-pandemic prices. In February 2021, the U.S. median rent, […]
Uncategorized The Problem with Garage Conversions   Moving up to a better neighborhood could mean compromising on space, so you may be tempted to convert the garage. Many older homes come with a two-car garage, approximately 20 by 20 feet, or 400 more square feet of living area. It’s already under the roof and walled on three sides, making it seem […]
Uncategorized Characteristics of Millennial Homebuyers According to a new survey from the National Association of REALTORS, millennials (born between 1981 and 1996, Pew Research) and also known as Gen Y and Echo Boomers, are the largest homebuying segment at thirty-seven percent. While millennials have been the largest share of homebuyers since 2014, the survey also found that they are most likely […]
Uncategorized June is National Homeownership Month National Homeownership Month is celebrated in June, the kickoff of the summer homebuying season. Homeownership is widely considered the foundation of civil stability and familial happiness – the American Dream. The National Association of REALTORS (NAR) believes homeownership gives families more financial security, a better lifestyle, and stronger communities through supporting businesses, schools, and services making it […]
Uncategorized HOMEOWNERS’ ADVICE – Put a Stake in Vampire Energy Use Many telecommuters notice their utility bills are dramatically higher. It makes sense if you’re using more lamps, cooking more, and using office equipment at home. You can check your thermostat, plug air leaks, replace worn insulation, and turn off lights when you leave the room, but there are other reasons your energy bills are higher. […]
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Uncategorized HOMESELLERS’ ADVICE – Reduce Your Home’s Price the Right Way The first two weeks of marketing are crucial. In that time, if your home has received few showings or offers, price is the most likely issue. It’s time to reduce the price, but do it the right way. Don’t panic. You may feel two weeks isn’t enough time, but the market has spoken. There’s a magic […]
Uncategorized HOMEBUYER’S ADVICE – Will Home Prices Keep Rising? Homebuyers are getting a lot of mixed messages this year. Interest rates are near record lows, but housing prices are still rising. So should you continue to rent or go ahead and take the plunge to buy? That depends a lot on both your needs and where you live. You may be wanting more space […]
Uncategorized HOMEBUYERS’ ADVICE – What If There’s No Supply? By the end of 2020, the number of homes listed for sale in the U.S. reached an all-time low. Supply sank below 700,000 homes nationwide, according to realtor.com®‘s Monthly Housing Trends Report, and that was before the availability of COVID-19 vaccines. With consumers euphoric, it’s possible the spring homebuying season could have even less inventory available. If you […]
Uncategorized Five Ways to Prevent Weeds HOMEOWNERS’ ADVICE Five Ways to Prevent Weeds According to Gilmour.com, weeds “compete with grass and garden plants for space, light, water and soil nutrients.” They germinate quickly and can carry diseases and insects that hurt your plants. Here are six ways to prevent weeds in your lawn and garden: Apply pre-emergent weed killer. Pre-emergent target specific weeds and […]
Uncategorized HOMESELLERS’ ADVICE – Do Sellers Have to Do Repair Typically, buyers include a home inspection contingency in their purchase offer that allows them to ask the sellers for repairs and get out of the contract if the seller refuses. The seller can respond in several ways. ·        They can readily agree to fix the problem, no matter how expensive. ·        They can agree to […]
Uncategorized Financial Advice FINANCIAL ADVICE Home Ownership Hedges Against Inflation According to Freddie Mac, mortgage interest rates are still hovering at all-time lows, signaling that the COVID-impacted economy is still struggling.  With interest rates well under three percent, it’s an ideal time to buy or refinance a home. Can you get an even better rate by paying points? When […]
Uncategorized Have a Home Inspection Coming Up? Make Sure To Ask These Questions The home inspection is one of the most important parts of the homebuying process—and, as a buyer, you want to make sure you understand every step of the process. But how, exactly do you do that? A recent article from realtor.com outlined the key questions you should ask an inspector before, during, and after the home inspection, […]
Uncategorized Are you a potential “Move Up” Buyer? Is now a good time for a “Move Up” home purchase?  Absolutely! And here is why:   Mortgage rates have not been this low for an extremely long time Nationally and locally, home inventory is extremely low Because demand for homes is so high, home prices will continue to rise As the economy starts to […]
Uncategorized New Listing in Bay Village! 449 Canterbury Road  Bay Village, OH 44140 Beautiful 3 bedroom cape cod in Bay Village, tastefully decorated and less than a half mile from Lake Erie! Many features and updates: Hardwood flooring throughout most of first floor, wood burning fireplace and built-in shelving in living room, large kitchen with newer laminate flooring (includes refrigerator, stove […]
Uncategorized Preparing For An Appraisal? Focus On These Projects An appraisal is an important part of the home selling process; you want your appraisal to accurately reflect your home’s value and your listing price. But if your home appraisal comes in lower than expected, it could cause issues with your home sale and put the deal at risk. Which is why, as a seller, […]
Uncategorized August Home Buyer Activity Making Up For Lost Spring Market! In normal years, Spring is the hottest homebuying season of the year. But we don’t have to tell you that 2020 isn’t a normal year—and as a result of the COVID-19 shutdowns, it looks like peak homebuying season is going to hit a little late this year. According to recent data from realtor.com, pace of sales, […]
Uncategorized Nearly Half Of Offers In The United States Are Being Made Sight Unseen   When COVID-19 first hit, much of the country was under stay-at-home orders, which made it impossible for buyers to get out and see potential homes in person. And while stay-at-home orders have been lifted in most places, many buyers are still wary about hitting open houses or touring homes in person. But, as it […]