Nearly ¼ Of Homeowners Purchase Property With Less Than 5% Down
A lot of potential home buyers think that in order to successfully buy property they need to save up a sizeable down payment of 20% of the purchase price—and that until they have that down payment in the bank they can’t transition to homeownership.
But the “20% down payment myth” just isn’t true. Thanks to a variety of lending options, there are plenty of buyers out there purchasing property with far less than 20% down.
According to recent research from Zillow, 24.2% of buyers put down 5% or less when purchasing their homes. That’s nearly one in four buyers on the market!
According to this data, it’s...
Selling Your Home? These Are The Features Homeowners Are Looking For
When potential buyers hit the market, they typically have a list of things they want and need in their new home. As a seller, if you can anticipate those wants and needs, it puts you in a better position to successfully sell your home. And, thanks to a new survey, anticipating those wants and needs just got easier.
According to a recent survey from home services company Porch, home price (77%) and home size (60%) topped the list of features homebuyers look for in a new home. But those aren’t the only features potential buyers are looking for! There are a number of features homebuyers look for in a home that you can control as a seller, including home features (50%) and curb appeal (14%).
6 Must-Haves Every Homeowner Needs For A Safe Home
When it comes to your home, you want to make sure you have everything on hand you need to create a safe environment for you and your family.
But what exactly do you need to make your home safe?
Here are 6 must-haves you need to ensure your home is safe for your family and yourself:
1. Smoke and carbon monoxide detector
A smoke and carbon monoxide detector is a must to keep you and your family safe. You can either buy each detector separately or purchase a model that detects both. Either way, you need to make sure that you have a detector monitoring the air in your home for both smoke and carbon monoxide at all time.
You should have at least one smoke and carbon monoxide detector on each level of your home (so, for example, one in the basement, one in the ground floor, one upstairs, and one in the attic). Test them regularly and replace the batteries at least twice a year to ensure...
Why Do Houses “Expire”?
You’ve seen this happen…
A house sits on the market forever, and it doesn’t get sold.
You see an agent’s for sale sign sitting in the yard for months and months. And then, all of a sudden, another one appears.
Sometimes, the new agent will get the house sold.
But sometimes, no matter how many different agents list the house, it just never sells.
You’ve been watching that house “expire”.
That is industry-speak for when a house doesn’t get sold during the time frame an owner has a listing contract with a particular real estate agent.
When a listing expires, it’s not uncommon for the owner to hire someone new to list their home…figuring the first real estate agent just didn’t have what it takes to get their home sold.
But, it usually isn’t the agent that was the problem. There are a few common problems that cause...
3 Ways To Give Your Kitchen A Mini Makeover
Your kitchen is often the heart and soul of your home. It’s where many homeowners spend a significant amount of their time – preparing meals for friends and family, trying out new recipes or just gathering their loved ones for a glass of wine and a conversation. Doesn’t it make sense to keep the kitchen as up to date as possible?
Here are some tips to make your kitchen the very best it can be:
The last thing you want in any room is clutter. Having too much stuff – especially stuff that you don’t use – can make your kitchen feel overwhelming, not to mention add frustration to the cooking process when you have to spend 15 minutes digging through a mountain of assorted pots, pans, and cutlery to find your pasta strainer.
Take a day and go through all the cabinets, drawers and closet space in your kitchen. The goal is to get rid of anything that you don’t...
Why do you care if your Realtor considers you a good client or not? Because the better client you are, the better results you will have. No, you and your Realtor do not have to be in love with each other, but effort on your part will bring you better results and a more positive transaction. Here are some best practices.
1. Be easy to educate
Most Realtors are teachers at heart, and the more you can learn, the better prepared you will be. Yes, your friends, family and various websites have lots of good information to give, but nobody has a better “boots-on-the-ground” perspective on your local neighborhood and various current trends than your Realtor. Ask all the questions you like and try to absorb as much info as possible. Yes, there is a lot to learn, but you will find that you become educated very quickly.
2. Be easy to communicate with
If your Realtor must text you five times before you respond, you will eventually miss some important info or even the house of...
5 Reasons You Shouldn’t Be Home While Your House Is Being Shown
When you have your home up for sale, you may be told that you shouldn’t be around during the showing.
In some cases, your listing agent may not even be there for every showing. It might just be the buyers and their real estate agent. So, who will be there to make sure buyers don’t miss a thing?
You know your house better than anyone else. You can point out all of the features that a buyer or their agent might miss.
And maybe you will be able to get a read on the buyers. Are they in love with the house, or do they need a little extra push? Maybe you can pick up on it and say what needs to be said, in case their agent isn’t selling them on your home.
Plus, doesn’t it make sense to be there to make sure nothing gets touched or stolen?
Or, maybe you simply don’t want to leave. What’s the big deal if you are in the other...