Why are so many non-owners afraid to buy? (2/12/2016)
Many renters want to become homeowners but overestimate downpayments and believe their credit score is too low. However, they’re wrong.
Renovation mortgages a good fit for some buyers (2/9/2016)
Mortgages such as FHA’s 203K and Fannie Mae’s HomeStyle allow buyers to land a good deal on a fixer-upper and remodel it to fit their personal taste.
1 in 3 closings delayed or cancelled (1/22/2016)
A closing delay is fairly common, according to a recent NAR survey. Financing issues top the list of reasons, followed by appraisals and inspection problems.
Sometimes buyers really irk agents (1/21/2016)
Realtor.com created a list of the top 5 buyer behaviors that irritate Realtors – and many also hurt a buyer’s chance to secure the desired home at a decent price.
New Year’s resolutions for 2016 homebuyers (1/17/2016)
People commit to losing weight or quitting smoking, but those planning to buy a home should make five resolutions now to make house hunting easier down the road.
7% of first-time homebuyers 55 or older (1/10/2016)
Last year, NAR calculated the median age of first-time homebuyers at 31, though almost one in 14 are 55-to-74. After age 75, however, it’s less than 1%.
The housing recovery’s ‘missing link’ (1/6/2016)
Many potential first-time buyers aren’t ready yet, but they could jump in quickly soon and cause a market boom when current owners realize they can now move up.
Your buyers don’t really understand mortgages (12/17/2015)
Start at the beginning: If a renter wants to buy a home within the next five years, start by explaining very basic info on downpayments, interest rates, etc.
NAR creates safety checklist for transaction scams (12/16/2015)
Transaction-scam thieves are highly sophisticated and patient. But a handful of steps can help you boost security and protect your clients’ money.
How hard is it to come up with a downpayment? (12/8/2015)
In Fla., it takes the average first-time homebuyer 22.64 years to come up with a 10% downpayment on a median-priced home, according to a Builder study.
What is going on with homebuilders? (11/25/2015)
That’s the question posed by NAR’s chief economist in a recent Forbes column, who says the ongoing shortage of homes on the market is hurting first-time buyers.
Why buying the worst house may be best (11/18/2015)
Consider a home an investment: Look for one in a great location with room for improvement in order to build equity and boost future value when it’s time to sell.
NAR, attorneys: OK to give buyers sex offender info (11/16/2015)
Most real estate agents can legally share sex offender info with their buyers, according to NAR research, a fair housing law review and real estate attorneys.
Buyers should understand the negotiation process (11/16/2015)
Frustrated bidders who lose their dream home could blame the Realtor. To avoid trouble, explain the negotiating process upfront – and the risk with each decision.
Why do people move – and what do they want? (11/11/2015)
People move for a reason but priorities change over time. A few assumed perks, such as the appeal of nearby restaurants, isn’t a big draw for some age groups.
‘Smart home’ sellers do more than hand over keys (11/5/2015)
When a seller operates security systems and thermostats through a phone app, his home sale may also require a technology transfer. A new checklist can help.
7 property descriptions that concern buyers (11/2/2015)
Sometimes an honest description leads buyers to wonder “What’s wrong with the place?” such as “As is,” “Cash transactions only” or “Bring your own toolbox.”
Realtor eHarmony? Website matches Realtors, clients (10/28/2015)
A website uses personality tests to match clients with simpatico real estate agents, claiming it saves Realtors’ time and cuts the number of dissatisfied clients.
50% of today’s renters plan to buy within 2 years (10/21/2015)
Rising rents are taking a toll. A TD Bank poll of current renters finds that many are already saving for a downpayment.
5 cool home features that make buyers balk (10/21/2015)
It’s all about the buyers. While some may demand to see a home that has “retail stories within walking distance,” that feature makes others immediately reject it.
Homeowners trump renters in wealth (10/20/2015)
Rent vs. own financial discussions assume that renters reinvest money saved. But in the real world, homeowners consistently make more money than renters.
Americans think homeownership a sound investment (10/15/2015)
NAR: A vast majority of Americans think home buying is a solid financial decision, and most believe they could sell their home for at least its initial purchase price.
Regrets? I have a few: Top buyer’s remorse issues (10/14/2015)
Sometimes buyers want a big home or a pool only to later regret the decision. Other times, they ignore pragmatic details because they fell in love with the house.
Consumers view real estate pros as a top resource (10/7/2015)
Survey: 70% of Americans are “very” or “somewhat” likely to turn to a real estate agent for homeownership info, beating out the web (59%) and lenders (57%).
4 costly mistakes new-home buyers make (9/28/2015)
With a “dream house” in mind, many new-home buyers end up paying a lot of money for upgrades they don’t need, or a house that quickly seems too big.
Auctioneers say they want to work with agents (9/28/2015)
Housing auction companies say they need agents, the local experts, but they encounter resistance because an auction often reduces commissions.
Don’t ignore Fido when selling homes (9/23/2015)
A pet’s opinion doesn’t count, but he’s part of the family. Pointing out pet-friendly listing elements and knowing local ordinances can close sales and build loyalty.
Study: No home sale impact from new school ratings (9/22/2015)
Research from Cornell and Michigan State U. found that the controversial “value-added” method to evaluate schools doesn’t appear to influence property values.
DBPR secretary offers help to Fla. condo associations (9/22/2015)
Ken Lawson says Fla. has more than 26,000 condo and cooperative associations, and the state will help with election, financial or rights-to-records disputes.
By 2025, 13M will pay 50% of income for housing (9/22/2015)
Harvard study: Rising rents will force many people – notably older adults, Hispanics and singles – to spend 50% of monthly income on rent within 10 years.
What irks homeowners? Study uncovers why they move (9/16/2015)
“A new home would give you more storage,” might entice 67% of homeowners to list their house and upgrade – and 66% long for less maintenance.
Converting Florida’s visitors to buyers (9/15/2015)
Some visitors dream of living in Florida – many even tour homes. An expert offers tips on how to convert these out-of-town visitors into buyers.
Sellers irk homebuyers: Here’s how (9/15/2015)
Bankrate.com asked homebuyers what bothered them most about sellers. Post-inspection negotiations made the list along with “playing mind games.”
‘Boomerang’ buyers purchase new homes (9/9/2015)
But many foreclosed owners are embarrassed and think they won’t qualify for a loan. Realtors willing to help them and ease fears could find a big market niche.
This Sept. may be best month in years for homebuyers (9/9/2015)
Buyers willing to close in off-months already have an edge, but this year’s rising supply of homes and still-low mortgage rates make this Sept. ideal.
Buyers about to move? 10 tips to make it easier (9/2/2015)
People who move often say “I won’t do that again,” but years later do so anyway. These tips make moving less stressful for buyers who are new or out of practice.
Downpayments worry buyers more than mortgage rates (8/19/2015)
New York Fed study: A buyer’s decision to jump into the market is influenced more by downpayment requirements than mortgage rates.