February 28, 2019 rummy

A self-made Millionaire David Bach gave a piece of simple yet compelling advice to Millennials; “Don’t Get Stuck Renting A Home… Buy One!” plain and straight, Bach pointed out a common mistake a majority of millennials tend to make with their life decisions. In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40…

February 27, 2019 rummy

With the home prices cooling down, a lot of Americans are worried that we may be heading off for another housing crash. With the current ratio of demand and supply, we have nothing to worry about. On the contrary, this is something we should thankful for as home price hikes are expected to move on a much normal pace. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation averaged over 65 across the country. However, home price growth has recently started to cool down. The latest report from CoreLogic shows that home prices have only risen…

February 22, 2019 rummy

Statistics show that the majority of homebuyers last year were couples, this totally makes sense as the down payment is particularly easier to tackle when shared with a partner. According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single women to…

February 21, 2019 rummy

Pricing your home right is one of the most challenging part of the sales process, too low may mean a loss on your end, on the other hand, you can be at risk of having a stale listing if you price it too high. If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state. Real estate…

February 20, 2019 rummy

We have discussed time and again the advantages of owning a home over renting, and not only has the majority of Americans agree to these, but surveys say the same things too. Money spent on a mortgage is money well spent and help build one’s financial wealth. For Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage! The Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference…

February 19, 2019 rummy

If you’re thinking of selling your house this year, now is the best time to do it. The saying “the early bird catches the worm” may sound cliche, but it’s on point with the law of supply and demand. A lot of sellers hold off until spring, and it’s a great opportunity for others to take advantage of less competition to have the prospective buyers all to themselves. The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison…

February 16, 2019 rummy

  Welcome to the seventh episode of Expand to the Cloud Brokerage podcast. We are very excited to announce that Michael Arrick is joining eXp Realty. Michael has been in the business for twelve years. He has a license in New York and Florida. A great leader and the number one agent in Poughkeepsie, NY. Last year he sold 28 homes. Now, he helped eXp opened up Mid-Hudson MLS in Dutchess County. Let’s hear his story and find out what made him switch to eXp Realty and what are his plans for the future. Get in touch with Michael Arrick….

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…