February 15, 2019 rummy

One of the things that add up to the stress of selling a house is cleaning up. Believe it or not, most people spend days to weeks on end trying to tidy up their home in preparation for selling. Well, we have good news for all you prospective sellers. The KonMari Method is here to save the day. Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes. “The KonMari Method encourages…

February 14, 2019 rummy

Would you rather pay rent so someone else can afford to pay the mortgage or buy your own home so all the money you spent on it monthly will leave you with something to call your own? As Entrepreneur Magazine, a premier source for small business explained in their article, “12 Practical Steps to Getting Rich”: “While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’e making someone else…

February 13, 2019 rummy

One of the biggest rock potential buyers face is saving up for the down payment, and the sad truth is a lot of Americans find it as a deterrent and just give up their dreams of buying a home of their own. The truth of the matter is, you don’t need 20% Down to buy a home. In combination with higher rents, survey after survey has shown that non-homeowners (renters and those living rent-free with family or friends) believe they need to save upwards of 20% for their down payment! According to the “Barriers to Accessing Homeownership” study commissioned in…

February 12, 2019 rummy

The value of a certain property plays a vital role in pricing during the selling process. It is essential to know your home’s current value to reinforce and be able to competitively set a price for it. Here is a list of factors that affect a home’s value. “Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.” The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report. Since 2011 home values have increased significantly…

February 8, 2019 rummy

We have discussed about how owning a home could significantly increase a person’s net worth. Today we’re giving you four more proven ways on how real estate can build sizable family wealth. 1. Appreciation “The rising of home prices over time, is how the majority of wealth is built in real estate. This is the ‘home run’ you hear of when people make a large windfall of money. While prices fluctuate, over the long run real estate values have always gone up, always, and there is no reason to think that is going to change. One thing to consider when…

February 7, 2019 rummy

Historically, most people wait until spring to enter the market either to sell or buy. In recent years, however, there has been quite a number of Americans observed to be active in the market and has been successful with their endeavors. Taking advantage of less competition is indeed a wise approach. The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018: Putting your home on the market now, rather than waiting for increased competition in the spring,…

February 6, 2019 rummy

One of the most common reasons preventing young Americans from owning a home is student loans. This is not necessarily a bad thing, on the contrary, it’s good to know the millennials know their priorities. Recent studies show that having a bachelor’s degree actually brings up the chance of a person becoming a homeowner. In a recent Forbes article, the author explained that “in just the class of 2017, the average student has about $40,000 in debt – almost enough for a 20% down payment on a median-priced home.” The Federal Reserve set out to determine exactly how much impact…

February 1, 2019 rummy

Regardless of which generation they belong to the majority of Americans still believes that homeownership still plays a big part in the American Dream and we couldn’t agree more. In their market trends report, As Housing Trends Shift, So Does Renter, Buyer and Seller Sentiment, Trulia revealed that: “After two years of no change, the share of Americans who say that homeownership is part of their personal “American Dream”ticked up from 72 percent to 73 percent of Americans.” At the same time, the National Association of Realtors released their Aspiring Home Buyers Profile. As the report explained: “For both homeowners…

January 31, 2019 rummy

Even calm waters have a lot going underneath, needless to say, shifting real estate market are caused by a myriad of different driving factors. Here are 3 things you need to know to stay on top of it. 1. What is happening in the housing market right now? Consumers must get past those fear-mongering headlines and gain a deep understanding of what is truly happening. How strong is buyer demand right now? How much competition do listings have today compared to what they will have in the spring? People want to make an educated decision on what is probably their…

January 30, 2019 rummy

Buying brand new things is always a delight, but recent surveys show that when it comes to buying homes, not all people prefer brand new units. This is good news to all homeowners who are thinking of moving out or upgrading. According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase. Below…