If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever. That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to... View Article
Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some renters, rising home prices are making dreams of homeownership feel further out of reach. If you’re a homeowner, it’s important for you to understand how your home’s value contributes to your overall net... View Article
2021 Real Estate Market Snapshot This past year was filled with twists and turns that no one could have predicted. It wasn’t always easy, but now that we have entered into 2021, we can continue to shift our focus toward a brighter future. If the economic uncertainty of 2020 had you concerned, I’m here to bring some peace-of-mind for 2021 when it comes to the housing market. The information I’m sending this month provides a well-rounded snapshot of the real estate market today, while noting a few trends to watch as the year unfolds. I’m also including a short quiz... View Article
If you’re getting ready to put your home up for sale, you might be wondering if it’s worthwhile for you to do any large-scale remodels before you officially list it. This really depends on a variety of factors, including the state of the market and the cost of the remodel you’re looking to do (as well as the potential return on investment). You also need to consider the condition of competing homes for sale in your market. We often see buyers putting far too much money into fixing up their homes before they list them. However, there are some circumstances... View Article
