Real Estate

Sell Real Estate Tight Market

5 Ways to Sell Your Real Estate in a Tight Market

Real Estate / By

With interest rates rising many people are deciding to stay in their old homes rather than get a new place with a higher interest rate. This means not only fewer sellers but also fewer buyers. Not long ago, it was a “seller’s market” in most of the country, i.e., sellers had the advantage and could often get more than their asking price.

Recently, conditions have shifted, and buyers who can afford higher mortgage rates are gaining the upper hand, i.e., a “buyer’s market”.

If you’re considering selling your home, you may be wondering the best way to go about it. There are a lot of different factors to consider, such as your current local market climate, your personal timeline, and what type of sale would be most profitable for you. This post will explore five different ways to sell real estate so that you can make the best decision for your situation.

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Finances Buy Home

Approved Methods to Prepare Your Finances To Buy a Home

Money Management, Real Estate / By

When you’re ready to buy a home, make sure your finances are in good shape BEFORE applying for a loan. A solid financial standing will help to ensure a smooth mortgage loan application. It could also establish you as a premiere buyer that property sellers will favor over other buyers. Here are a few tricks to help you get your finances in order before you purchase a property.

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Tips for First Time Home buyers

4 Tips You Need To Know Before Buying Your First Home

Real Estate / By

Are you in the market for your very first home? Congratulations. Buying a home is an exciting milestone in anyone’s life. However, it’s important to remember that buying a home is also a major financial commitment. If you’re not careful, you could find yourself in over your head financially. That’s why it’s important to plan and make smart choices when buying a home.

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Selling Your House

Should You Exploit High House Prices To Pay Off Debt?

Real Estate / By

Everyone knows that house prices have skyrocketed in the last couple of years… around the new millennium, housing prices started going “parabolic,” i.e., they curved almost straight up. The common refrain was “housing prices always go up”. And then the economy fell apart, and everything came crashing down, including housing prices. By 2012 the index was back down to 134, i.e., a 27% loss.

So obviously, housing prices don’t “always” go up. Generally, over time housing prices do go up with inflation.

With housing prices once again going up parabolically, we might consider selling and using the gains to pay off debt and then buy again once housing prices are lower.

About a year ago, we published an article entitled 7 Benefits to Downsizing, which is one approach to reducing debt. In the following article, we will look at whether Selling a House to Pay off Debt is a Good Idea.

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Buying a house

Advice on What to Expect When Buying a Home

Real Estate / By

Some parts of the home-buying process can actually be fun. Dreaming of the features you want and rolling through neighborhoods and wondering if they’re your next home can be a time of hope. Then again, crunching your numbers to determine a budget and going to showing after showing without finding ‘the one’ can drain you. Knowing what to expect when buying a home helps you prepare yourself for the process.

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