March 30, 2019 rummy

One of the most effective selling tools is pricing. With the values of homes varying from region to region, finding the sweet spot wherein buyers will still be interested without compromising the seller’s return in value is harder than most people realize. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will be 4.6% higher. ​ With prices slowing from their previous pace, homeowners must realize…

March 28, 2019 rummy

Many millennials have been taking their time focusing on things that matter to them. But just because they’re not as quick to act on traditional goals, doesn’t mean they are not ready for them. Let’s take their qualifications for mortgage approval, for instance, many are not even aware they are mortgage ready. History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the next two years. This will continue to fuel demand for housing. This is also one of the many reasons why the millennial homeownership rate has continued…

March 27, 2019 rummy

Mega agent with ReMax for over 10 years moves to eXp realty. On this tenth episode of eXpand to the Cloud Brokerage podcast join Rummy Dhanoa and David Upchurch as they welcome Chip Watson and Helen-Ann Lloyd to eXp Realty. Chip has been with ReMax for 10 years and decided to move to eXp Realty. His team Jersey Shore Real Estate Experts sold 51 homes last year. This year they sold $4 million so far and reached their cap only in 2 months. Today, Chip and Helen will talk about why they moved to eXp Realty and its advantages. Get…

March 26, 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. On the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters. Going forward… It appears the homeownership rate will continue to increase. The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased…

March 23, 2019 rummy

  Welcome to the ninth episode of Expand to the Cloud Brokerage podcast. On today’s episode, Rummy Dhanoa and David Upchurch welcome Leezah Pratt to eXp Realty. Leezah Pratt started her real estate career at a young age. Last year, she sold over 8 million dollars. Let’s listen to her story and what made; an already successful realtor change her mind and make the switch to eXp Realty. Get in touch with Leezah Pratt . Give her a call at 704.858.1177 or email her at homesbypratt@gmail.com and visit her website www.homesbypratt.com Ready to learn more? Rummy Dhanoa 914.920.2289 rummy@nyreex.com David Upchurch…

March 22, 2019 rummy

Owning a home is still a sure-fire way to increase you and your family’s wealth. Whether it be your first, second or fifth, if you’re planning on buying a home, it is recommended to meet a local professional to find out how you can get the most out of your purchase. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you also…

March 21, 2019 rummy

There’s undoubtedly an effervescent urge in everyone to decorate and make tiny changes here and there after buying a house. We all have it, and to some, giving in to these urges may cause future problems with mortgages. So here’s a list of things to avoid after getting your mortgage application approved. 1. Don’t change jobs or the way you are paid at your job! Your loan officer must be able to track the source and amount of your annual income. If possible, you’ll want to avoid changing from salary to commission or becoming self-employed during this time as well….

March 20, 2019 rummy

A lot of Americans are holding back on buying homes because of their credit score. The sad truth is the majority of this group are misinformed and should have already started earlier than they plan to. Only 25% of the Americans have a FICO Score between 740 and 800. Here is the breakdown according to Experian: 16% Very Poor (300-579) 18% Fair (580-669) 21% Good (670-739) 25% Very Good (740-799) 20% Exceptional (800-850) Randy Hopper, Senior Vice President of Mortgage Lending for Navy Federal Credit Union said, “Just because you have a low credit score doesn’t mean you can’t purchase…

March 15, 2019 rummy

With the volume of sellers who held back from selling the entire winter, we can expect the inventory to climb up as more and more sellers join in and balance out the demand. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions. That hasn’t happened this year. Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in…

March 14, 2019 rummy

Following common practice of holding back from selling until Spring may be a cliche. But truth be told, it’s a wise and conservative choice that has proven beneficial to the housing market. Nevertheless, with the number of sellers popping up from all directions. Holding off now is not the best thing to do. Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season! 1. National Association of Realtor’s Existing Home Sales Report Sales of existing homes were down for the third consecutive month in January. Some…