For Buyers – Page 149

A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

By Pam Treece|2016-07-19T10:00:31-07:00July 19th, 2016|Categories: First Time Home Buyers, For Buyers, Real Estate|

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 [...]

3 Questions Every Buyer Should Ask Themselves

By Pam Treece|2016-07-18T10:00:28-07:00July 18th, 2016|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.Answering the following 3 questions will help you [...]

Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC]

By Pam Treece|2016-07-15T10:00:23-07:00July 15th, 2016|Categories: First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights:The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.Freddie Mac predicts interest rates to rise to 4.6% by next year.CoreLogic predicts home prices to appreciate by 5.3% over the next 12 [...]

3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?

By Pam Treece|2016-07-14T10:00:29-07:00July 14th, 2016|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:What is the minimum down payment required to purchase a home?What is the minimum FICO score required to qualify for a mortgage?What is the [...]

Would You Qualify for a Mortgage Now?

By Pam Treece|2016-07-13T10:00:10-07:00July 13th, 2016|Categories: First Time Home Buyers, For Buyers, Real Estate|

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe [...]

Saving to Buy a Home? Do You Know the Difference Between Cost & Price?

By Pam Treece|2020-05-15T13:37:12-07:00July 13th, 2016|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing, Real Estate|

As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.Many economists have pointed to Brexit (Britain’s exit from the European Union) [...]

Homeownership Builds Wealth & Offers Stability

By Pam Treece|2020-05-15T13:37:12-07:00July 12th, 2016|Categories: First Time Home Buyers, For Buyers, Real Estate|

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:They want the opportunity to build equity.They want a stable and safe environment.Building EquityJohn Taylor, CEO of the National Community Reinvestment Coalition, explains that those who lack the opportunity to become [...]

Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]

By Pam Treece|2016-07-08T10:00:46-07:00July 8th, 2016|Categories: First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights:95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.The top thing that buyers sacrifice are new clothes at 54%.Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.Powered by WPeMatico

4 Reasons to Buy This Summer!

By Pam Treece|2016-07-07T03:22:49-07:00July 7th, 2016|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have appreciated by [...]

3 Reasons to Buy Luxury Property THIS Year!!

By Pam Treece|2016-07-06T03:01:30-07:00July 6th, 2016|Categories: For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

The housing market is hot, with prices rising as demand far outpaces supply in almost every region. However, when it comes to luxury real estate, things are quite different. In the upper-end market, inventory is plentiful in most locations.For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, coupled [...]