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Is Finding a Home to Buy Easier Now?
One of buyers’ biggest hurdles over the past few years is the lack of homes available for sale. But that’s starting to change. The graph below uses the latest data from Realtor.com to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023): Does That…
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Homebuyer’s Guide to Closing Costs
Before buying a home, you must plan for all the costs you’ll be responsible for. While you’re busy saving for the down payment, don’t forget you’ll also want to prep for closing costs. Here’s some helpful information on those costs and how much you should budget for them. What Are Closing Costs? A recent article from Bankrate explains: “Closing…
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Your Home Is a Powerful Investment
Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting that home prices would drop by as much as 10-20%, which might have made you feel a bit unsure about buying a home. But here’s what happened: home prices increased more than…
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Finding Your Perfect Home in a Fixer-Upper
If you’re trying to buy a home and have difficulty finding one you can afford, it may be time to consider a fixer-upper. That house needs a little elbow grease or some updates but has good bones. Fixer-uppers can be a great option if you want to break into the housing market or stretch your budget further. According to NerdWallet: “Buying a…
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INFOGRAPHICS: First Step – Mortgage Pre-Approval
In the bustling world of real estate, navigating the homebuying process can feel like solving a complex puzzle. But fear not! We highlight one crucial piece of that puzzle: mortgage pre-approval. Here’s why it’s a must for anyone considering buying a home in 2024: Don’t let the excitement of buying a home overshadow the importance…
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The Value of Agent’s Advice for Your Move
No matter how you slice it, buying or selling a home is a big decision. And what do you do when you’re going through any change in your life, and need some guidance? You get advice from people who know what they’re talking about. Moving is no exception. It would be best if you had insights from the pros…
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The Truth About Down Payments
If you plan to buy your first home, saving up for all the costs involved can feel daunting, especially regarding the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your loan type or lender, it’s typically not…
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Strategic Tips for Buying Your First Home
Buying your first home is a big, exciting step and a significant milestone that can improve your life. As a first-time homebit, it’s a dream you can make come true. Still, there are some things you’ll need to overtake today’s housing market – specifically, the limited supply of homes for sale and ongoing affordability challenges. You’re ready, willing, and able to buy your first…
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Importance of Pre-Approval in 2024
On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s essential if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your lender will look at your finances to figure out what they’re willing to…
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Why Your Own Agent Matters for New Home Construction
Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a more significant percent of the total homes available for sale than usual. That’s why if you’re craving more options, seeing if a newly built…