When buying a home, the seller often has the advantage and may price the house above the property’s value. Negotiating a real estate deal as a buyer isn’t easy, but it’s not impossible. Here are some tips to get the best deal when buying a home. Understand the Seller’s Position “You can have everything in life…

Fewer home sellers opted to put their homes on the market in April primarily due to feeling “locked in” with a lower interest rate on their current home than available for purchasing a new home. As a result, even though listing price growth slowed, higher interest rates challenged home affordability for many buyers.

Highlights: The number of homes actively for sale increased in April by 48.3% compared to April 2022 and up slightly (0.18%) from March 2023. Home sellers were less active in April, with 21.3% fewer homes listed for sale than in April 2022. The median price of homes for sale increased by 2.5% annually in April…

Your home may be the most valuable asset you own. So when the time comes to sell, you’ll want to get the best price. But that may not be easy because buyers want to purchase your home for as little as possible. So, who will win this battle between sellers and buyers? The answer to…

First impressions are critical in many aspects of life, and it’s particularly true in real estate. The instant potential buyers stop in front of a home, their minds start comparing it to other properties they’ve seen. A savvy seller wants to capitalize on that reaction and make that initial introduction warm and welcoming, inviting someone…

The FHA offers a unique type of product that allows a purchase or refinance mortgage loan to include the expected cost of repairs and renovations. With a minimum 3.5% down payment for qualified applicants, a 203(k) mortgage rehabilitation loan can exceed the purchase price but not the FHA maximum loan amount, which can vary among…

Home inventory growth slowed in March 2023 as fewer sellers put their homes up for sale than in March 2022. The March 2023 inventory increase was 9.3% compared to February’s 13.3% growth. However, experts expect the coming spring housing market to be busier than this past winter.

Highlights The number of homes for sale increased in March by 59.89% compared to March 2022. The total number of unsold homes, including those under contract, increased by 9.34% compared to last March. The median price of homes for sale increased by 6.26% annually in March, lower than February’s growth rate of 7.85%. In March,…

The number of homes sold peaked at almost 7 million in 2021 after steady growth in the previous ten years. Although sales will likely drop in 2023, many people still want to purchase their first home. Besides budgeting to buy the home, homebuyers must also set aside funds for home maintenance. Purchasing a property is…

The global demand for house painting services continues to grow. But what’s the reason for this notable trend? First, there is an increasing focus on property improvement. Plus, many owners are trying to make their homes more appealing. The fact that exterior painting makes a property stand out is also a huge contributor to the…