Professional home inspections are intended to provide peace of mind for prospective buyers by ensuring the structure is sound and that it will need no significant repairs soon after the sale closes. Prospective buyers have three inspection options: Add an inspection contingency to the offer. If a significant problem is found that the seller chooses…

The inventory of homes for sale grew in May, with more new listings entering the market than in any other month since June 2019. Despite the increase in inventory, typical housing costs are expensive and fast-paced. The median home asking price is at a new all-time high of almost $447,000. Sellers are fueling the turnaround…

Highlights The count of homes for sale grew in May compared to last year for the first time since June 2019. New home listings increased 6.3% over 2021 levels. The typical home spent 31 days on the market in May, the shortest time on record since 2016. Homes for sale were on the market 6…

FICO scores, commonly called credit scores, are a statistical gauge of an individual’s ability to repay a loan. Your credit score is a key consideration in any loan process. It is the primary factor lenders use to determine how much they will loan a borrower and the interest rate. In some instances, a low credit…

Whether the real estate market is hot or cold, prospective homebuyers need the guidance of a real estate professional. Together you can create a homebuying plan that will help you avoid selecting the wrong home and keep you from spending more than necessary. Sometimes, the excitement and frustrations created by the competition for buying a…

With real estate prices rising faster than rents in some markets, investors need to weigh forecasted income for long-term rentals against what they must pay for the property. Investors hoping to turn a house or condo into a viable long-term rental (LTR) may have trouble charging rent that covers their investment and generates a return…

April housing inventory is closer to catching up with 2021; however, homebuyers still contend with fewer homes for sale.

Highlights Home inventory is beginning to catch up with last year; however, homebuyers are still contending with fewer homes for sale. The number of homes for sale in April is comparable to this time last year, but the number is still fewer than what was typical before the pandemic. April home sales were fast-paced, with…

The house hunt seems to be reaching its end. But after dozens of showings and maybe even a few offers that were outbid or not accepted, a homeowner has finally accepted your offer! But now what? Has the process ended, and is it time to plan the move? While an offer acceptance is a positive…

When purchasing a home, buyers are responsible for paying closing costs and prepaids. The difference between the two can often be confusing, especially since they are paid when closing on a home purchase. Here’s what you need to know so you’re prepared for closing day. Closing Costs vs. Prepaids: What’s the Difference? You might hear…