Tag: sell

The Return of Normal Seasonality for Home Price Appreciation

In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand.

Remote Work Is Changing How Some Buyers Search for Their Dream Homes

The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million Americans will be working remotely by 2025. To give you some perspective, that’s a 417% increase compared to the pre-pandemic years when there were just 7 million remote workers. If you’re in the market to buy a home and you work remotely either full or part-time, this trend is a game-changer. It can help you overcome some of today’s affordability and housing inventory challenges.

How To Prep Your House for Sale This Fall

Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment. Here are a few simple tips to make sure you maximize the sale of your house this fall.

Central Illinois Housing Market: A Comparative Analysis with the National Real Estate Market and Key Advantages

The Central Illinois housing market offers a unique blend of affordability, community-oriented living, and diverse opportunities. Let's compare the Central Illinois housing market to the national real estate market, shedding light on its distinctive advantages. Additionally, we will utilize statistics from the National Association of Realtors (NAR) to showcase the differences between these two markets. Understanding these factors will help you make informed decisions in the dynamic world of real estate.

Spring Into Action: Boost Your Home’s Curb Appeal With Expert Guidance

To sell your home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers.

Prioritizing Your Wants And Needs As A Homebuyer In Today’s Market

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget.

Home Equity: A Source of Strength for Homeowners Today

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years.

What Are Mortgage Points? Upfront Fees That Could Save You Money

The interest rate your mortgage lender offers you when you buy or refinance a house is not necessarily the rate you have to stick with. In fact, you can lower your mortgage rate by shelling out at closing for something called mortgage points. But what are they and how can they save you some serious cash (like, thousands of dollars over the years you make monthly payments)? Read on for the answers from loan experts.

7 Easy, Effective, And Inexpensive Ways To Stage Your Home

Getting top dollar for your home means making it look its best. Sure, you may need to invest some time and money to make a few repairs or repaint some walls. However, once those chores are finished, you can turn your attention to staging steps that don’t have to put a significant dent in your budget—and can easily be accomplished in tandem with your moving plans. After all, moving means packing. When you’re ready to start boxing things up, use these tips to think like an interior designer. Decide what goes, what stays, and how to maximize your staging efforts.

What Is a Mortgage Note—and Do You Know Where Yours Is?

Also known as a promissory note or deed of trust note, it’s the basic loan contract given to you by your lender—the document you signed on the dotted line to make your deal official. A mortgage note is an important piece of paperwork to keep in your files for a variety of reasons. Here’s a rundown of what’s on this document, and why it matters.