November 29, 2018 rummy

One of the biggest misconceptions about buying a new home is that “you will need over 20% for down payment”. It is the same reason why a huge number of potential first-time homeowner held back and took on extra jobs. As some were successful in making their dream a reality, some are still hustling as we speak to save for what they think is needed. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. Among millennials with incomes over $100,000 a year, the top ways to…

November 28, 2018 rummy

Rumor has it that females are more eager, able and willing to buy homes than males do. We are curious to find out if this claim holds ground. We’ve gathered reports from one of the leading and trusted experts and this is what we found out. In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single. According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers…

November 27, 2018 rummy

Although it is a common knowledge that putting your home for sale during the holiday season would prove profitable, there are still few people who are hesitant and could not find a good reason to sell. How about we give you seven (7). Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now. You can restrict the showings on your home to the times you want…

November 27, 2018 rummy

On this episode of eXpand to the cloud Podcast, join hosts Rummy Dhanoa and David Upchurch as they interview Solomon Yasin – an award winning realtor with over six years of experience in the field who also made the switch to eXp Realty. Let’s learn his awesome story and find out why a successful entity in the industry would want to join eXp Realty and how it could help them. Ready to learn more? Ramanjit “Rummy” Dhanoa New York Real Estate Experts Team of eXp Realty m: 914.920.2289 e: Rummy@nyreex.com www.nyreex.com Schedule A Call With Rummy: https://calendly.com/rummy David Upchurch CEO…

November 21, 2018 rummy

Often times when we talk about home affordability, we always mention mortgage rate increase and inventory as the key drivers. This time, we are bringing in a new player in the game that will change the way we look at home affordability. Although this may vary on a case-to-case basis, this is still definitely something you should look at. According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region of the country: After applying current salaries, home prices, and mortgage rates to their Home Affordability Index equation, the index, though still…

November 20, 2018 rummy

Contrary to the majority’s beliefs, homes sold in the third quarter of 2018 has been marked as one of the highest average price gains for years. This is great news for homeowners who are yet to take advantage of the home price appreciation. Let us take a closer look. According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on…

November 20, 2018 rummy

Join us as we interview Kavita Soman to find out how she started her career, and what made her join eXp Realty, and how it has improved her career and way of life. Hosted by Rummy Dhanoa and David Upchurch. Ramanjit “Rummy” Dhanoa New York Real Estate Experts Team of eXp Realty m: 914.920.2289 e: Rummy@nyreex.com www.nyreex.com Schedule A Call With Rummy: https://calendly.com/rummy David Upchurch CEO / Broker David Upchurch Real Estate Office: 704-994-8656 Cell/Text: 704-207-0477 www.DavidUpchurch.com Schedule a Call With David: https://calendly.com/davidupchurch   www.NYREEX.com

November 19, 2018 rummy

Many homeowners fear that home price increase will make it difficult for them to afford or at the very least find a home, they want to buy. Thus, they renovate. However, is it more cost effective to renovate than sell your existing home to purchase a new one? Let us look at what homeowners have to say. According to Home Advisor, homeowners spent an average of $6,649 on home improvements over the last 12 months. If that number seems high, it also includes homeowners who recently bought fixer-uppers. A new study from Zillow asked the question, “Given a choice between…

November 16, 2018 rummy

If you’re into real estate news, you’re probably aware that supplies have gone up again balancing the scale between supply and demand. Most of the inventory that helped make this happen came from newly constructed homes. If you’re thinking of buying a brand new home, here are some tips you ought to have to follow to make sure you get the best value for your money. 1. Hire an Inspector Despite the fact that builders must comply with town and city regulations, a home inspector will have your best interests in mind! When buying new construction, you will have between…

November 15, 2018 rummy

When the demand is high, it is normal to expect that the supply will dwindle at some point in time. It is safe to say that this phenomenon will open opportunities for prices to be pushed up giving sellers an edge. On the other hand, an increase in supply does not necessarily equate to a dip in demand. For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared. NAR’s Chief Economist Lawrence Yun shed some light on what could be contributing to this shift, “This is the lowest existing home sales…