Homeownership isn’t the American dream – moving up and up to get to the home you really want is, right? Is it time for you to play the game? Answer the following questions and find out.
Depending on your situation as a Real Estate agent, you could be on the hunt for either buyers or sellers, which can sometimes be difficult. You may find yourself with an overload of sellers when you need buyers, and vice versa. Through effective marketing and certain strategies, you can hook just the right amount of sellers and buyers that you’re looking for!
The National Association of Home Builders’ Remodeling Marketing Index (RMI) for Q2 2014 has a composite score of 56, up three points from Q1. A reading over 50 indicates that more homeowners and remodeling firms are reporting renovation activity versus inactivity. Large jobs costing over $25,000 scored a 54. The RMI has now been above the 50-point mark since April of 2013.
In the early days, if you wanted a mortgage loan, you had to have a job, some down payment money and good credit. While that’s still true today, loans are more difficult to get.
The company that brought the walkability factor to help buyers decide if the neighborhood is walkable enough for them, is introducing a Crime Grade measure.
As homeowner associations age, certain illegal “additions” to the common area tend to creep in like storage sheds, fences, patio roofs, awnings and gardens. These add ons flourish when the board is asleep at the wheel or disinclined to challenge the offenders.
So, what happens if a undisclosed problem with a home later becomes the subject of a law suit, and the listing broker gets dragged into the suit? Even if the broker is subsequently vindicated, he will still have legal costs. And he’s likely not to have a contract — especially with the buyer — that would require the other party to pay his attorney fees. Should the seller have to cover the listing broker’s costs?
Mortgage lenders in the District of Columbia were dealt a severe — but not fatal — blow last week by the District of Columbia Court of Appeals. The court ruled that when a condominium forecloses on its super-priority lien, it literally wipes out the security interests of the first mortgage holder.
According to The J.D. Power 2014 Home Buyer/Seller Satisfaction Study, first-time homebuyers need clear communication and want to be walked through the purchase process every step of the way. The more seamless the experience, the less overwhelmed they’re likely to be.
More people are living alone in Canada as the number of never married, separated, divorced and widowed people contributes to a higher percentage of one-person households. What does this mean for the housing market?