Gift ideas for millennial homebuyers (4/29/2016)
Step away from the fondue set. Younger buyers tend to appreciate practical gifts, such as a one-year Amazon Prime membership or a new-home tech upgrade.
Things you don’t want to hear at a home inspection (4/19/2016)
Almost any home problem can be fixed for a price, and many inspectors find little just-so-you-know problems. But old roofs, mold and HVAC repairs can be costly.
How to be a buyer in a sellers’ market (4/18/2016)
Competition can be fierce. Buyers hoping to succeed should be willing to act fast, get pre-qualified, limit contingencies and consider a larger geographic area.
Buyers need a Realtor to compete in seller’s market (4/14/2016)
Potential homebuyers will have more trouble finding a Fla. home thanks to a meager 4.5-month listing inventory – and they should expect a bidding war if they do.
3 steps for calming clients’ fears (4/14/2016)
If a buyer or seller appears calm, it’s probably an act. Home sales are as stressful as a death or marriage, and it’s important to help clients emotionally.
Electricity theft and grow houses go hand in hand (4/12/2016)
How can a buyer tell if a marijuana “grow house” is operating nearby? They can’t – but there are a few signs, and neighbors usually suspect that something’s up.
First-time buyers want to bypass starter home (4/8/2016)
BofA report: 75% of first-time buyers would prefer to move into homes that meet their long-term needs; another 35% plan to retire wherever they buy.
An open letter from millennials to Realtors (4/6/2016)
“Buying a home is terrifying,” says a millennial. But we expect transparency from a real estate agent “on a level that might make you a little uncomfortable.”
A property-tax trap for mortgage borrowers (3/31/2016)
Buyers – especially first-timers – often check out “How much house can I afford?” websites but forget that property taxes get tacked onto monthly payments.
5 uncommon ways to come up with a downpayment (3/30/2016)
Many people put a little money away each month toward a downpayment on a home “some day,” but additional options may help get them there faster.
Hey renters: It’s time to buy a home (3/15/2016)
Buyers should jump into the market quickly to avoid higher mortgage rates, higher selling prices and a crowd of other buyers who also waited to shop for a home.
Buyers: Look for the signs of a bad moving company (3/14/2016)
Homebuyers often consider the selection of a mover easy after the rigors of house hunting and closing, but not all companies provide top-notch service.
Does homebuyer education really help? (3/8/2016)
It seems logical: Teach renters about homeownership, and you lower their chance of foreclosure. Fannie and Freddie believe it – but some studies now raise doubts.
Make ‘em an offer they can’t refuse (2/29/2016)
Money motivates all sellers, but many also have other concerns, such as an emotional attachment or need to move quickly. Leverage those in a negotiation.
To list or not to list? For mansions, it’s not clear (2/29/2016)
Realtors who market oceanfront estates say some sellers consider MLS listings an invasion of privacy – plus upper-echelon buyers don’t shop like the rest of us.
Florida has 231 programs that help low-income buyers (2/19/2016)
Down Payment Resource says 113 agencies administer those 231 programs, and 94.4% currently have funds available to help prospective homebuyers.
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.
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.