When you see a home listed for sale “as-is” what comes to mind? For many, it’s terms like fixer-upper, disrepair, and money pit. While the risk associated with an “as-is” sale makes these worrisome terms valid, you should also associate an “as-is” home with terms like bargain, opportunity, and investment.
The pandemic kicked into full swing just as many Millennials (individuals ranging in age from 23-38) were preparing to enter into homeownership. Remote work and lockdowns left many people in front of a computer or phone more than ever before. It also triggered REALTORS® to adapt and begin showing properties online to meet the needs of buyers while adhering to social distancing guidelines.
The Federal Reserve kept short-term rates where they are when its decision was released at the end of yesterday’s April Federal Open Market Committee meeting. Committee members will also continue the current level of spending on mortgage-backed securities (MBS). Both moves mean good things for mortgage rates.
In 2021, plenty of first-time homebuyers are individuals. Sometimes, it’s the only way to go. Young people want to be homeowners, but it’s such a competitive marketplace that they need to get creative and go a more non-traditional route to make it happen.
Preparing for a home inspection, either as a seller or a buyer, may feel overwhelming. After all, a home inspection is intended to verify that the home you’re selling or buying doesn’t have any health, safety, or mechanical issues.
Spring is here, and with it comes home buying season. If you’re in real estate, it’s about to get really interesting. There are also some unique challenges you and your buyers might be confronting in the market now. Let’s get to what you need to know.