Real Estate & Finance News http://money.cnn.com/2017/04/27/real_estate/home-prices-sellers-market/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Z_cQVH6fOSM/index.html Life is good for U.S. home sellers Homeowners who sold their home in the first three months of this year saw an average price gain of $44,000 from purchase, according to a new report.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Z_cQVH6fOSM" height="1" width="1" alt=""/> Thu, 27 Apr 2017 00:03:02 -0400 http://money.cnn.com/2017/04/27/real_estate/home-prices-sellers-market/index.html?section=money_realestate 2017-04-27 00:03 -04:00 2017-04-26 21:03 -07:00 http://rismedia.com/?p=128939 http://rismedia.com/2017/04/26/square-footage-size-counts-use/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Ergonomics Home Layout Home-Buying Tips Mid-Century Modern Design Modern Design RISMedia's Housecall Square Footage: It’s Not the Size That Counts, but How You Use It <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: 6 Things Professional Burglars Don&#8217;t Want You to Know Looking to Leverage Your Social Media Presence? Shift Your Viewpoint 4 Fictional Towns That Would Be Bad for Real Estate One of the first focuses for most people [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/26/square-footage-size-counts-use/">Square Footage: It&#8217;s Not the Size That Counts, but How You Use It</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 26 Apr 2017 20:23:34 Z http://rismedia.com/2017/04/26/square-footage-size-counts-use/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/6-things-professional-burglars-dont-want-you-to-know/">6 Things Professional Burglars Don&#8217;t Want You to Know</a></li> <li><a href="http://blog.rismedia.com/2017/leverage-social-media-presence/">Looking to Leverage Your Social Media Presence? Shift Your Viewpoint</a></li> <li><a href="http://blog.rismedia.com/2017/4-fictional-towns-bad-real-estate-business/">4 Fictional Towns That Would Be Bad for Real Estate</a></li> </ul> <p>One of the first focuses for most people looking for a home is square feet. How many square feet are there? How does it compare to the rest of the neighborhood and area? Does size really matter?</p> <p>Size, of course, does have an impact. More square footage provides the opportunity to have more flexibility with design, room arrangements and features, but experience tells me it is not the most important factor for homebuyers. Square footage is a fallback and easy measure for real estate because it is one of the few easily defined, measurable and comparable characteristics in describing a home. Features like views, finishes, layout and general feeling are harder to assign an absolute value, so we tend to look to square footage first.</p> <p>If people really pay attention they will see that within a neighborhood or area there are always some homes that sell faster than average and often at a higher price. Many factors can impact this, such as view and location, but in this case we are talking about the floor plan itself. Many large builders experience an overwhelming demand for just one or two models even when they have six or more available because the feel and use of the space is so important. Many people cannot even explain why they like one floor plan more; they just like the &#8220;feel.&#8221;</p> <p><strong>Ergonomics at Home Please</strong><br /> Ergonomics is the process of designing or arranging workplaces, products and systems so that they fit the people who use them. People look to find comfort and enjoyment in their lives and their environment, work or home, and that can have both a positive and negative impact on their wellbeing. For most of us, our home is the place we will spend the majority of our time, so having spaces that fit us and make us more comfortable is extremely important. Applying ergonomic practices to home design can and does have a positive impact on our lives.</p> <p><strong>Give the People What They Want</strong><br /> Across the country you will find many new construction homes built in the &#8220;modern&#8221; style, which is an update from the mid-century modern designs of the 20th century. In many of the western U.S. cities, such as Los Angeles, San Francisco, Las Vegas and Denver, this style of home is in great demand. It is not only found in luxury real estate. Denver real estate has seen a large increase in the demand and construction of modern luxury homes, but also modern row homes and smaller homes that fit onto older, more limited lot sizes. Many older Denver neighborhoods have experienced high demand for beautiful homes with modern spaces that are not large, but offer a luxurious feel in design.</p> <p><strong>What Is &#8220;Modern&#8221; Anyway?</strong><br /> Many architects are students and fans of the mid-century designs that emphasize simplicity, open spaces, clean sharp lines and integration with the world around you. You will find a large emphasis on building homes that take advantage of the lot for views, integration with outdoor spaces, and multiple use rooms. Large glass windows for natural light and flat roof lines are also common features of the style, and when incorporated with a good design, can make the home feel great inside and look stunning on the outside. For many modern architects, each design is a challenge to incorporate clean lines, usable spaces and natural flow of the home to make the experience of living there enjoyable.</p> <p>&#8220;Modern design is meant to be functional first—to integrate function as a part of our lives and space, to simplify and declutter our physical environment—and to accomplish this in an aesthetically pleasing form. Great modern design makes our living spaces easier to use and occupy while simultaneously stimulating our senses positively,&#8221; says Jesse Walden, architect and builder with Lucid Studio in Denver.</p> <p>After many years helping people find homes that fit their personalities and lifestyles, I have noticed that it is almost always the use of the space that has a greater impact than the sheer volume of square footage. This comes in two forms: use of square footage in layout and flow, and, of course, interior design. Having a great floor plan, visually pleasing design and good flow to a home will make it a desirable and more valuable home now and in the future.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/26/square-footage-size-counts-use/">Square Footage: It&#8217;s Not the Size That Counts, but How You Use It</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/26/square-footage-size-counts-use/feed/ 0 2017-04-26 20:23 +00:00 2017-04-26 13:23 -07:00 http://money.cnn.com/2017/04/14/pf/mortgage-rates-cheaper-federal-reserve/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/8b1sn54uCFs/index.html The Fed raised interest rates. Why are mortgages getting cheaper? Despite the Federal Reserve increasing interest rates, mortgage rates have dropped to the lowest level this year.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/8b1sn54uCFs" height="1" width="1" alt=""/> Fri, 14 Apr 2017 11:51:31 -0400 http://money.cnn.com/2017/04/14/pf/mortgage-rates-cheaper-federal-reserve/index.html?section=money_realestate 2017-04-14 11:51 -04:00 2017-04-14 08:51 -07:00 http://rismedia.com/?p=128418 http://rismedia.com/2017/04/13/navigating-home-buying-process-5-tips/ Advice Buying/Selling For Your Clients Latest News Arcus Lending Home-Buying Tips Real Estate Agent Shashank Shekhar Navigating the Home-Buying Process: 5 Tips <p>Buying a home for the first time can be complex and daunting, especially in a competitive housing market. A new book, &#8220;My First Home: A Step-by-Step Guide to Achieving the Ultimate American Dream,&#8221; aims to help first-time buyers navigate the process. Below are five tips from author Shashank Shekhar, a blogger, media source and radio [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/13/navigating-home-buying-process-5-tips/">Navigating the Home-Buying Process: 5 Tips</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 13 Apr 2017 20:02:21 Z http://rismedia.com/2017/04/13/navigating-home-buying-process-5-tips/#respond Susanne Dwyer <p>Buying a home for the first time can be complex and daunting, especially in a competitive housing market. A new book, &#8220;<a href="http://email.prnewswire.com/wf/click?upn=7VDqtAz2AW-2FeY7XnbvsasXoptVsdL5AjKhY5wnrbzMkGIafeH3WjlMhDylkKX4sR9llkxiYbIlHF7o2RQx84CIFlPsP3EP7U7YEIkSE45KLBeynandSuud8BR-2B5F3LOR_1aw8XuQqj-2FXEg9lyvrB9-2BtBV8xNCzNmS46fBk514CxjUs9r7KFI46ErRkkdhYK-2BLhdNeHFwYnzeDQ2mK46d-2BvbdqH3tYhDKh3irgsh4PrgkrVmK8tQTM-2BZH4-2Bb1hwd3QYavR704nO6X8NWU5f0g3dS7Ez3f80iZn-2BSTJzqpeFf4-2B0t-2BXxPQsyCpgaxKfFH-2BDa7quBXLWZfy2Gwd1b1B9ppTAnkb2Xmx70-2FT8CXDpvjj5kIvekxwWarHIdowfUKaqR6XKOSC3oYFQ7JZLqvzN8QJnF-2B2tuGH2cBQoRejx-2BIjwO8aj-2FCfk6vl5G9F8-2FBamJxpr4Jusd1yrXLNHjUp47A-3D-3D" target="_blank">My First Home: A Step-by-Step Guide to Achieving the Ultimate American Dream</a>,&#8221; aims to help first-time buyers navigate the process.</p> <p>Below are five tips from author Shashank Shekhar, a blogger, media source and radio and television personality:</p> <ol> <li><strong> Move Quickly<br /> </strong>In this kind of market, if you see a home you like, you&#8217;d better be prepared to jump on it. Don&#8217;t hem and haw—make the offer.</li> </ol> <ol start="2"> <li><strong> Understand the Seller&#8217;s Needs<br /> </strong>The best deal is not always the most money. The seller might be in escrow on their new home. They need their current residence—the one you&#8217;re wanting to buy—to close before they can move, so you need to move from contract to closing quickly. Sometimes, it could be the opposite: The seller wants to stay in the home longer than the typical 30-45 days for closing. In that case, offering rent back to the seller might be a clincher.</li> </ol> <p>It&#8217;s your real estate agent&#8217;s job to find out the real motivations and needs of the seller and craft your offer accordingly. Sometimes it&#8217;s obvious; other times, it’s not.<strong><br /> </strong></p> <ol start="3"> <li><strong> Get Your Loan Officer to Call the Listing Agent<br /> </strong>When you make an offer, the loan officer should explain to the listing agent that you are well qualified and that the transaction will close on time. Sellers and listing agents feel more comfortable working with loan officers who are proactive in their communication. They also feel more assured that the loan won&#8217;t fall through.</li> </ol> <ol start="4"> <li><strong> Be Aggressive on the Terms and/or Price<br /> </strong>In most cases, you need to be ready to be aggressive with terms like quick closing, no appraisal/loan/inspection contingencies, etc. Be sure to discuss these with your loan officer and real estate agent. You need to be qualified to take such risks with your earnest money deposit—or else, don&#8217;t do it!</li> </ol> <ol start="5"> <li><strong> Hire a Real Estate Agent<br /> </strong>Work with a real estate agent that understands the market. Agents who truly understand market dynamics and are well connected can get their clients&#8217; offers accepted even when it&#8217;s not the highest. Work with people actively closing real estate transactions—your nephew&#8217;s girlfriend is only a good option if she&#8217;s legitimately qualified.</li> </ol> <p><em>Source: Shashank Shekhar, Arcus Lending</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/13/navigating-home-buying-process-5-tips/">Navigating the Home-Buying Process: 5 Tips</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/13/navigating-home-buying-process-5-tips/feed/ 0 2017-04-13 20:02 +00:00 2017-04-13 13:02 -07:00 http://rismedia.com/?p=128414 http://rismedia.com/2017/04/13/3-things-know-before-flipping-home/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Home Flip Home Flipping Tips Home Inspection Home Warranty RISMedia's Housecall 3 Things to Know Before Flipping Your Home <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: Those With Bachelor&#8217;s Degrees More Likely to Own Home, Study Says Trends in Housing: The County That Broke Texas&#8217; 8-Year Streak Buying a New House? 5 Things to Check Before Moving In Thanks to reality TV, you [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/13/3-things-know-before-flipping-home/">3 Things to Know Before Flipping Your Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 13 Apr 2017 20:01:12 Z http://rismedia.com/2017/04/13/3-things-know-before-flipping-home/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/bachelors-degrees-more-likely-own-home/">Those With Bachelor&#8217;s Degrees More Likely to Own Home, Study Says</a></li> <li><a href="http://blog.rismedia.com/2017/texas-8-year-streak/">Trends in Housing: The County That Broke Texas&#8217; 8-Year Streak</a></li> <li><a href="http://blog.rismedia.com/2017/buying-new-house/">Buying a New House? 5 Things to Check Before Moving In</a></li> </ul> <p>Thanks to reality TV, you can see people buying houses and flipping them for profit on cable television and even your local public network. While some of these shows tell you how much the people spend on each segment, others show this process as a seamless task that can be completed with almost no troubles. Experts come in to demolish the site overnight and the host gets to shop for trendy, beautiful replacements. Almost like magic, a new house appears, a huge amount of money is earned and everyone walks away happy.</p> <p>Experts know that this is not always the case. If you want to flip your home, you should definitely do some research to prevent wasting your time and money. The worst situation would be starting a flip without the proper knowledge and having to live in a partially destroyed structure. Here are some things to keep in mind before attempting to flip your home.</p> <p><strong>Money is made by buying low.</strong> If you buy a home for cheap, you get a larger amount at the end. The renovation costs are usually between 25-33 percent of the purchase price. When you factor that in, you might see that if you sell the home according to market value, you might not make much money. There are also carrying costs and other potential costs if things do not go according to plan. You might even have to consider potential losses to get a better idea.</p> <p><strong>Get an inspection.</strong> Foundation, pest, wood rot and many other problems could be waiting to happen in your home. Getting an inspection lets you know about these problems up front and can even help you know how to handle them. Inspections usually cost a few hundred dollars. Before signing the contract, make sure that you have the required seven-day time frame to have the inspection. If the inspection comes back with problems that you did not plan on paying for and they supersede your budget, you can safely get out of the contract with no penalties. You can even look in the fine print on your <a href="https://www.hscwarranty.com/" target="_blank">home warranty</a> to find more details.</p> <p><strong>Let professionals do the job. </strong>It is not recommended that you do the job yourself. You can get a general contractor and several sub-contractors to get the job done in a fast and professional way. The faster the work is done, the faster you can get it onto the market and sold. When the property is completed, you can take the money and the extra time to look for the next deal. Real estate moguls make a lot of money this way. If you try to do it yourself, even if you have a background in construction, it could take significantly longer and you could lose out in the end.</p> <p>Placing the property for sale 1-2 percent below market value can make it more attractive to buyers and move it off of the market sooner. Using a real estate agent is also very beneficial because you have someone actively working to get your house sold. Posting an ad on Zillow or Craigslist is also recommended to get attention from prospective buyers.</p> <p><em>For more tips, click </em><a href="http://www.houseflipmentor.com/house-flipping-tips-for-2017/" target="_blank"><em>here</em></a><em>.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/13/3-things-know-before-flipping-home/">3 Things to Know Before Flipping Your Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/13/3-things-know-before-flipping-home/feed/ 0 2017-04-13 20:01 +00:00 2017-04-13 13:01 -07:00 http://rismedia.com/?p=128345 http://rismedia.com/2017/04/11/buying-new-house-5-things-check-before-moving-in/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Trending Home Value Home-Buying Tips RISMedia's Housecall Roof Repair Tips Buying a New House? 5 Things to Check Before Moving In <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: ­A-List Apartment on the Upper East Side Tips to Assess and Evaluate the Real Estate Market in Your Area What Are the Best States for Millennials? The Answer May Surprise You Buying a new house is an [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/11/buying-new-house-5-things-check-before-moving-in/">Buying a New House? 5 Things to Check Before Moving In</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Tue, 11 Apr 2017 19:52:29 Z http://rismedia.com/2017/04/11/buying-new-house-5-things-check-before-moving-in/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/list-apartment-upper-east-side/">­A-List Apartment on the Upper East Side</a></li> <li><a href="http://blog.rismedia.com/2017/assess-evaluate/">Tips to Assess and Evaluate the Real Estate Market in Your Area</a></li> <li><a href="http://blog.rismedia.com/2017/states-for-millennials/">What Are the Best States for Millennials? The Answer May Surprise You</a></li> </ul> <p>Buying a new house is an exciting process that marks a new chapter in life. For many people, it&#8217;s fun to shop around and tour different properties. When you&#8217;re serious about purchasing a home, there are a few important parts of the property to check before you move in.</p> <p><strong>The Neighborhood</strong><br /> You should feel comfortable with the quality of the neighborhood, which will influence the value of your home. Look at the condition of the other homes and check to see if people are loitering at different times of the day. The house should also be in proximity to your job, or nearby schools if you have children. Some individuals who don&#8217;t have a family may want to purchase a home in a good school district due to the <a href="http://rismedia.com/2016/08/11/why-you-should-own-a-home-in-an-a-school-district/">impact that it&#8217;ll have on the value of the property</a>.</p> <p><strong>Storage Space</strong><br /> The storage space that is available in the home influences how much clutter will be left out in the open. Look for plenty of storage space that is available in the bedroom closets or in the kitchen to ensure that you can comfortably fit everything that you own without feeling cramped.</p> <p><strong>Plumbing System</strong><br /> Run the faucets to inspect the water pressure and ask the owners if the pipes are insulated. Hire <a href="http://dhamerplumbing.com/services/water-heaters/" target="_blank">professionals</a> to check if the radiators are working and if the hot water tank needs to be replaced soon.</p> <p><strong>The Roof</strong><br /> The roof is one of the more costly features of the home and protects the interior setting from damage due to environmental elements. Hire a professional roofer to determine the lifespan of the roofing material and if it needs any repairs. The tiles or shingles should be secure on the roof deck, and there shouldn&#8217;t be any leaks present.</p> <p><strong>Sufficient Drainage</strong><br /> Many buyers make the mistake of overlooking the drainage on the property, but it can cause issues if not in good shape. Insufficient drainage can lead to severe structural problems in the home.</p> <p>Although it can be easy to fall in love with a house, there are several areas to check before making an offer to ensure that you won&#8217;t run into problems down the road. By taking the time to inspect each part of the property, you can have peace of mind knowing you&#8217;re making a good investment.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/11/buying-new-house-5-things-check-before-moving-in/">Buying a New House? 5 Things to Check Before Moving In</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/11/buying-new-house-5-things-check-before-moving-in/feed/ 0 2017-04-11 19:52 +00:00 2017-04-11 12:52 -07:00 http://rismedia.com/?p=128307 http://rismedia.com/2017/04/10/tips-assess-evaluate-real-estate-market-area/ Advice Buying/Selling Latest News Comparative Market Analysis Days-on-Market Investopedia Real Estate Investment Tips RISMedia's Housecall Tips to Assess and Evaluate the Real Estate Market in Your Area <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: What Are the Best States for Millennials? The Answer May Surprise You A Comprehensive List of Fictional Real Estate Agents Exploring America&#8217;s Neighborhoods: Northeast, Minneapolis, Minn. The real estate industry constantly stays in a dynamic state and [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/10/tips-assess-evaluate-real-estate-market-area/">Tips to Assess and Evaluate the Real Estate Market in Your Area</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Mon, 10 Apr 2017 20:08:55 Z http://rismedia.com/2017/04/10/tips-assess-evaluate-real-estate-market-area/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/states-for-millennials/">What Are the Best States for Millennials? The Answer May Surprise You</a></li> <li><a href="http://blog.rismedia.com/2017/fictional-real-estate-agents/">A Comprehensive List of Fictional Real Estate Agents</a></li> <li><a href="http://blog.rismedia.com/2017/northeast-minneapolis-minn/">Exploring America&#8217;s Neighborhoods: Northeast, Minneapolis, Minn.</a></li> </ul> <p>The real estate industry constantly stays in a dynamic state and undergoes fluctuation throughout the year. Making an assessment, evaluation and forecast of your local real estate market might be a tedious task, due to the ongoing market fluctuations. Here are some essential tips to make a smart <a href="http://retipster.com/assess-real-estate-market/" target="_blank">analysis of your local real estate market</a>.</p> <p><strong>Observe the Pricing Trends</strong><br /> A fundamental approach to gain primary knowledge about your local real estate market is by observing the price trends. Acquire an accurate and firsthand knowledge about the current price trends and compare them with the price trends of the past. This will help you analyze the growth and expansion of the market in the recent decades and enable you to make an accurate forecast of the future. Note the varying degrees of prices of residential, commercial and agricultural property located in various areas and sectors within the market. This will help you get an insight into the highs and lows of the markets as well as the opportunities.</p> <p><strong>Identify the Catalysts</strong><br /> Once you have observed the varying price trends of different areas and the types of property available within your market, you are in a better position to look into the factors that influence the pricing fluctuation in the market. Real estate thrives on certain elements, <a href="http://www.investopedia.com/articles/pf/07/five-real-estate-tricks.asp" target="_blank">catalysts</a>, and macro and micro economic factors that steer the growth, development, and expansion of the market. Infrastructural development such as roads, bridges, schools, hospitals and other public facilities tend to bring an instant upsurge of market growth. Aside from that, local regulatory policies, state and regional economy and tax and interest rates, as well as market demographics, play key roles in driving a real estate market.</p> <p><strong>Assess the Sales and Purchase</strong><br /> Keep a check on <a href="http://www.investopedia.com/articles/mortages-real-estate/11/factors-affecting-real-estate-market.asp" target="_blank">sales and purchases</a> to analyze if your locale is currently a buyer&#8217;s or seller&#8217;s market. Assess the number of houses and other property sold on a regular basis. The DoM, or Days on Market, is an effective tool to analyze demand and evaluate the market&#8217;s capacity to deliver. Moreover, this analysis will also help figure the buying trends of the future.</p> <p><strong>Find Out the Types of Property Available in Your Market</strong><br /> Without sound, realistic and accurate knowledge about the types of property available in the local market, you cannot develop an accurate perspective of your real estate industry. Assess the property as per its type and category, such as residential, commercial or agricultural. (These main categories are further classified into secondary and tertiary classes.)</p> <p><strong>Compare With Suburbs and Vicinities</strong><br /> It is essential to keep a check on the market state and price trends in the outskirts and adjoining vicinities. Find out the pace of infrastructural development and the eminent landmarks and public service amenities available in the outskirts and if they are likely to influence your market in the future.</p> <p>Whether you are an established real estate enterprise or are planning to venture into your local real estate industry, you need to hone your business strategy and service designs if you want to excel. Automation is the key, and by incorporating smart software, systems, applications and securing them using <a href="https://pro-vigil.com/features/remote-video-monitoring/" target="_blank">remote monitoring services</a>, you can efficiently optimize your performance and get an edge over your competitors in the market.</p> <p><em>This article is intended for informational purposes only and should not be construed as professional advice. The opinions expressed in this article are those of the author and do not necessarily reflect the position of RISMedia.<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/10/tips-assess-evaluate-real-estate-market-area/">Tips to Assess and Evaluate the Real Estate Market in Your Area</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/10/tips-assess-evaluate-real-estate-market-area/feed/ 0 2017-04-10 20:08 +00:00 2017-04-10 13:08 -07:00 http://rismedia.com/?p=128271 http://rismedia.com/2017/04/09/which-type-lender-right-you/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Bankrate.com Direct Mortgage Lender Mortgage Broker Mortgage Tips Real Estate Affiliate Lender Which Type of Lender Is Right for You? <p>(TNS)—There was a time when most homebuyers obtained their mortgage loans through their banks or credit unions. Today, however, there are a number of additional home-financing providers. Which one is right for you? Let&#8217;s take a look at the options. Direct Lenders Banks, mortgage banks and nonbank lenders all are direct lenders; that is, employees [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/09/which-type-lender-right-you/">Which Type of Lender Is Right for You?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sun, 09 Apr 2017 17:04:15 Z http://rismedia.com/2017/04/09/which-type-lender-right-you/#respond Susanne Dwyer <p>(TNS)—There was a time when most homebuyers obtained their mortgage loans through their banks or credit unions. Today, however, there are a number of additional home-financing providers. Which one is right for you? Let&#8217;s take a look at the options.</p> <p><strong>Direct Lenders</strong><br /> Banks, mortgage banks and nonbank lenders all are direct lenders; that is, employees review your application and make the decision to lend you money. Typically, the institution will sell your loan on the secondary market.</p> <p><strong>Benefits of a Direct Lender<br /> </strong></p> <ul> <li>Reliability: You probably know and trust the institution. It is regulated by state and federal agencies and likely has strong ties with your community.</li> <li>One-Stop Shopping: You deal directly with the source of your loan.</li> <li>Savings: As the loan originator, an institution may save you money in the loan process.</li> <li>Speed: A direct lender also may process your loan faster than other providers.</li> </ul> <p><strong>Risks of a Direct Lender<br /> </strong></p> <ul> <li>Limited Choice: Lenders offer only their own programs. To comparison shop, you will need to speak with several lenders</li> </ul> <p><strong>Mortgage Brokers</strong><br /> A mortgage broker is a middleman who may represent the mortgage loan products of many lenders. The broker&#8217;s goal is to match you with the loan product that best meets your needs at the best price. Once your loan is approved, you will usually deal directly with the loan originator or their mortgage service provider.</p> <p><strong>Benefits of a Mortgage Broker<br /> </strong></p> <ul> <li>Variety: By shopping across a range of different programs and lenders, a mortgage broker may find you a better fit than a direct lender could.</li> <li>Qualifying: A mortgage broker can best steer you to the national or regional lenders that are most likely to accept your application based on your financial and personal information.</li> <li>Savings: You may get a more favorable loan rate.</li> <li>Speed: A broker saves you time shopping for a loan.</li> </ul> <p><strong>Risks of a Mortgage Broker<br /> </strong></p> <ul> <li>Hidden Costs: Some mortgage brokers attempt to increase their profit by writing hidden costs into your loan. Best hedge: Know the loan process and ask questions.</li> <li>Most financial institutions offer a limited menu of loan products, just as mortgage banks do. They typically hold mortgages in their portfolios or sell them on the secondary market.</li> </ul> <p><strong>Home Builders and Real Estate Agencies</strong><br /> Many large home builders and real estate agencies now own an in-house mortgage company to make it easier to buy their properties. These affiliated companies may operate as a mortgage banker or broker.</p> <p><strong>Which Lender Is Right for You?</strong><br /> Depending on your credit history and circumstances, you may benefit by using one source of mortgage loans over another.</p> <p><strong>Tips for Working With Lenders:</strong><br /> Get recommendations. Ask friends and family members for suggestions, especially if they&#8217;ve recently obtained a loan.<strong><br /> </strong></p> <p>Check credentials. Mortgage bankers are regulated by either your state&#8217;s department of banking or division of real estate. Check with the agency to see if a lender is in good professional standing. Mortgage brokers may or may not be state-regulated. If not, check with the local chapter of the National Association of Mortgage Brokers or the Better Business Bureau to see if their record is clean. The Library of Congress has a good index of state and local government websites.</p> <p>Do your homework. Learn about typical mortgages and ask questions when something looks amiss; a broker may be trying to pad closing costs or other fees at your expense.</p> <p>Take care online. There are plenty of attractive deals online, but first make sure you&#8217;re dealing with a reliable broker or lender. Take extra care during peak season—unscrupulous lenders and brokers are more apt to quote you bogus rates or slip in extra costs during peak homebuying season, in hopes you won&#8217;t notice.</p> <p><em>©2017 Bankrate.com</em></p> <p><em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/09/which-type-lender-right-you/">Which Type of Lender Is Right for You?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/09/which-type-lender-right-you/feed/ 0 2017-04-09 17:04 +00:00 2017-04-09 10:04 -07:00 http://rismedia.com/?p=128214 http://rismedia.com/2017/04/06/home-construction-loans-complex-here-nuts-bolts/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News BB&T Construction Loans Construction-to-Permanent Home Builder Stand-Alone Construction Washington Federal Home Construction Loans Are Complex: Here Are the Nuts and Bolts <p>(TNS)—The complexities of home construction loans can hit you like a falling two-by-four. Be sure you understand the intricacies before you apply. Two Types of Construction Loans There are two main types of home construction loans: Construction-to-Permanent: With these loans, the lender advances the money to pay for construction. After the home is built, the [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/06/home-construction-loans-complex-here-nuts-bolts/">Home Construction Loans Are Complex: Here Are the Nuts and Bolts</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 06 Apr 2017 20:05:01 Z http://rismedia.com/2017/04/06/home-construction-loans-complex-here-nuts-bolts/#respond Susanne Dwyer <p>(TNS)—The complexities of home construction loans can hit you like a falling two-by-four. Be sure you understand the intricacies before you apply.</p> <p><strong>Two Types of Construction Loans</strong><br /> There are two main types of home construction loans:</p> <p><strong>Construction-to-Permanent</strong>: With these loans, the lender advances the money to pay for construction. After the home is built, the same lender rolls the loan balance into a standard mortgage. This is by far the more popular option.</p> <p><strong>Stand-Alone Construction</strong>: With these loans, it&#8217;s often the lender that advances money to build the house. When construction is finished, you get a mortgage to pay off the construction debt.</p> <p>With a construction-to-permanent loan, there is one closing. During construction, you pay only interest on the outstanding loan balance. It converts into a mortgage after the home is built. You lock a maximum mortgage rate at the beginning, when construction begins.</p> <p>A stand-alone construction loan could be worthwhile if it allows a smaller down payment. Because this type of loan doesn&#8217;t allow you to lock a maximum mortgage rate in advance, you risk a rise in interest rates. Another disadvantage is that your circumstances could change during construction, making it impossible to qualify for a permanent loan—and you pay for two closings: once on the construction loan, and later, on the mortgage.</p> <p><strong>More Difficult to Qualify</strong><br /> Qualifying for a construction-to-permanent loan could be more onerous than getting a regular mortgage. This is because the lender doesn&#8217;t have the completed house as collateral to back the loan during the construction period.</p> <p>Your down payment is likely to be at least 20 percent of the loan amount, although some lenders go as low as 10 percent. The lender will determine whether you can afford the loan payments during construction while you&#8217;re paying the rent or mortgage on your current home.</p> <p><strong>Have Adequate Savings</strong><br /> The lender will make sure you have savings to pay for unexpected costs. &#8220;There are always cost overruns when you are building a home that you may not know about until you are into it. We don&#8217;t want them to use every last dime they have before they start,&#8221; says Dennice Henshaw, East Side division manager for Washington Federal in Seattle, Wash.</p> <p>Cost overruns tend to come about because borrowers have a tendency to change their minds about what they want as construction proceeds.</p> <p><strong>Do Your Due Diligence on the Builder</strong><br /> An important aspect of building your home is choosing the right builder. Find one that has built the kind of house you want in terms of price, style and size. Look into the builder&#8217;s credentials with the local home builders association and ask for references from previous clients. You could also see if there are any complaints against the builder with the Better Business Bureau.</p> <p>Typically, your lender will look into the builder&#8217;s credit standing, financial situation and licenses, as well as the track record for building similar homes.</p> <p><strong>Ongoing Inspections</strong><br /> Lenders will conduct routine inspections as the home is built. During this period, the lender pays the builder in stages—called &#8220;draws&#8221;—and usually sends an appraiser or inspector to make sure that construction proceeds as planned.<strong><br /> </strong></p> <p>Cynthia DeLuca, group mortgage manager for BB&amp;T in Raleigh, N.C., says, &#8220;Our clients could get upside down, where they have 50 percent of the loan but the house is only 25 percent done. We look at how much it is going to cost to complete the house to try to stay on track.&#8221;</p> <p>Typically, you sign off on each draw request so that you are kept informed how the work is proceeding.</p> <p><em>©2017 Bankrate.com</em></p> <p><em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/06/home-construction-loans-complex-here-nuts-bolts/">Home Construction Loans Are Complex: Here Are the Nuts and Bolts</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/06/home-construction-loans-complex-here-nuts-bolts/feed/ 0 2017-04-06 20:05 +00:00 2017-04-06 13:05 -07:00 http://rismedia.com/?p=128133 http://rismedia.com/2017/04/04/location-location-trade-up-costs-vary-market/ Advice Buying/Selling Consumer For Your Clients Latest News News Monthly Mortgage Payment Spring Selling Season Trade-Up Home Zillow Location, Location: Trading Up Costs $450 More a Month, With Exceptions <p>There are many benefits to trading up to a home with more square footage, especially for growing families—but with more house comes more cost, and, as a recent analysis by Zillow reveals, it can vary by location. Trade-up homeowners can expect to spend an average $447 more each month if they move from a home [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/04/location-location-trade-up-costs-vary-market/">Location, Location: Trading Up Costs $450 More a Month, With Exceptions</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Tue, 04 Apr 2017 20:35:40 Z http://rismedia.com/2017/04/04/location-location-trade-up-costs-vary-market/#respond Susanne Dwyer <p>There are many benefits to trading up to a home with more square footage, especially for growing families—but with more house comes more cost, and, as a recent analysis by Zillow reveals, it can vary by location.</p> <p>Trade-up homeowners can expect to spend an average $447 more each month if they move from a home with two bedrooms to one with three, according to Zillow&#8217;s <a href="http://www.zillow.com/research/move-up-buyers-mortgage-costs-14711/" target="_blank">Cost of Moving Up Analysis</a>, or 50 percent more tacked on to a monthly mortgage payment.</p> <p>In several markets, trading up from two bedrooms to three adds less expense to a monthly mortgage payment than the average—in some cases, a lot less. In Cleveland, Ohio, trading up from two bedrooms to three will cost a negligible $74 more each month, while trading up in Philadelphia, Pa., will cost only $77 more. Trade-up homeowners in Indianapolis, Ind., Baltimore, Md., and Kansas City, Mo., will pay below-average costs, as well: $103, $105, and $112, respectively.</p> <p>Trading up from two bedrooms to three in high-priced markets, however, comes at a steeper cost: above average at $2,224 more each month in San Jose, Calif.; $1,660 more in San Francisco, Calif.; $1,033 more in Los Angeles-Long Beach-Anaheim, Calif.; $928 more in San Diego, Calif.; and $601 more in Denver, Colo.</p> <p>The analysis also calculated the cost of trading up from homes with one bedroom to two, three bedrooms to four, two bedrooms and one bathroom to two bathrooms, three bedrooms and one bathroom to two bathrooms, three bedrooms and two bathrooms to three bathrooms, four bedrooms and two bathrooms to three bathrooms, and four bedrooms and three bathrooms to four bathrooms:</p> <p><a href="http://rismedia.com/wp-content/uploads/2017/04/Zillow_Move_Up_Analysis.jpg" rel="attachment wp-att-128135"><img class="alignleft size-full wp-image-128135" src="http://rismedia.com/wp-content/uploads/2017/04/Zillow_Move_Up_Analysis.jpg" alt="Zillow_Move_Up_Analysis" width="1051" height="819" srcset="http://rismedia.com/wp-content/uploads/2017/04/Zillow_Move_Up_Analysis-300x234.jpg 300w, http://rismedia.com/wp-content/uploads/2017/04/Zillow_Move_Up_Analysis-768x598.jpg 768w, http://rismedia.com/wp-content/uploads/2017/04/Zillow_Move_Up_Analysis-1024x798.jpg 1024w, http://rismedia.com/wp-content/uploads/2017/04/Zillow_Move_Up_Analysis.jpg 1051w" sizes="(max-width: 1051px) 100vw, 1051px" /></a></p> <p>&#8220;While deciding whether to move is a personal choice, understanding how certain characteristics like size, location, or number of beds and baths, can impact a home&#8217;s price can be hugely important when determining if a particular home is the right fit for you and your family,&#8221; says Dr. Svenja Gudell, chief economist at Zillow. &#8220;Even though many families may be prepared to spend extra for a larger home, just how much more may come as a surprise, especially for those living in coastal markets.&#8221;</p> <p>Knowing what to expect in terms of trade-up costs could give prospective spellers the push they need to put their homes on the market this spring.</p> <p><em>For more information, please visit </em><a href="http://www.zillow.com" target="_blank"><em>www.zillow.com</em></a><em>.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/04/04/location-location-trade-up-costs-vary-market/">Location, Location: Trading Up Costs $450 More a Month, With Exceptions</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/04/04/location-location-trade-up-costs-vary-market/feed/ 0 2017-04-04 20:35 +00:00 2017-04-04 13:35 -07:00 http://money.cnn.com/2017/04/03/real_estate/millennial-homebuying/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/qpGdb08gCoM/index.html The struggle is real for Millennial homebuyers Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/qpGdb08gCoM" height="1" width="1" alt=""/> Mon, 03 Apr 2017 10:37:35 -0400 http://money.cnn.com/2017/04/03/real_estate/millennial-homebuying/index.html?section=money_realestate 2017-04-03 10:37 -04:00 2017-04-03 07:37 -07:00 http://money.cnn.com/2017/03/31/real_estate/buy-a-home/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/oH4e3jJNXac/index.html 3 reasons not to buy a house this year Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/oH4e3jJNXac" height="1" width="1" alt=""/> Fri, 31 Mar 2017 10:35:03 -0400 http://money.cnn.com/2017/03/31/real_estate/buy-a-home/index.html?section=money_realestate 2017-03-31 10:35 -04:00 2017-03-31 07:35 -07:00 http://money.cnn.com/gallery/real_estate/2017/03/29/best-states-retire-2017/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/yshKml4C4d4/index.html The 10 best states for retirees It might be worth moving to a new place to find your dream retirement home. Check out these 10 states.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/yshKml4C4d4" height="1" width="1" alt=""/> Wed, 29 Mar 2017 00:01:29 -0400 http://money.cnn.com/gallery/real_estate/2017/03/29/best-states-retire-2017/index.html?section=money_realestate 2017-03-29 00:01 -04:00 2017-03-28 21:01 -07:00 http://rismedia.com/?p=127820 http://rismedia.com/2017/03/28/how-decide-dream-home-good-deal/ Advice Buying/Selling For Your Clients Home Spun Wisdom How-To Latest News Dream Home Home-Buying Tips RISMedia's Housecall Soundscore Walk Score How to Decide If Your Dream Home Is a Good Deal <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: Now You Can Own Ellen DeGeneres and Portia de Rossi&#8217;s Santa Barbara Villa How to Prepare Yourself for Becoming a Landlord 10 Easy Home Improvements to Make on Your Fixer Upper It&#8217;s an amazing neighborhood, the price [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/03/28/how-decide-dream-home-good-deal/">How to Decide If Your Dream Home Is a Good Deal</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Tue, 28 Mar 2017 20:12:28 Z http://rismedia.com/2017/03/28/how-decide-dream-home-good-deal/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/ellen-portias-santa-barbara-villa/">Now You Can Own Ellen DeGeneres and Portia de Rossi&#8217;s Santa Barbara Villa</a></li> <li><a href="http://blog.rismedia.com/2017/landlord/">How to Prepare Yourself for Becoming a Landlord</a></li> <li><a href="http://blog.rismedia.com/2017/fixer-upper-improvements/">10 Easy Home Improvements to Make on Your Fixer Upper</a></li> </ul> <p>It&#8217;s an amazing neighborhood, the price is right—but is the house your dream home?</p> <p>That&#8217;s the ultimate question, and there&#8217;s no one correct answer or even a single way to determine that.</p> <p>Ultimately, a mix of listening to your emotions and turning to the facts will help you paint a clear picture of what life would be like in this new house. Below are a few tips for determining if the home you really like is the one that you&#8217;ll love forever.</p> <p><strong>Listen to Yourself—Literally</strong><br /> The way you react when you see and walk through the home is an important indicator of how you feel about the home. Pat Trainor, a REALTOR® in Blue Ridge, Ga., <a href="https://www.forbes.com/sites/forbeslifestyle/2012/08/29/how-to-decide-if-a-home-is-right-for-you/#13da442f1540" target="_blank">told</a> Forbes that he knows a house is a good fit when people start talking about furniture as they&#8217;re touring the house.</p> <p>&#8220;I believe that most buyers form an impression in the first few seconds after they walk into a house. Is this a happy house? Or does it depress me? Notice how you respond—and trust your reactions,&#8221; explains Trainor.</p> <p>If you&#8217;re looking at a number of houses, jot down what you felt as you walked through immediately after you leave. These notes will be helpful as you look back and compare emotions with features, needs met, etc.</p> <p><strong>Ask Yourself: How Much of My Priority List Is Compromised?</strong><br /> You have a list of non-negotiable items going into the house-hunting process. From number of rooms to floor plan, how many items can you check off your list? If you find that you&#8217;re compromising on more than half of the items that matter most to you, it may not be your dream home—even if you love the style or location.</p> <p>Laura Gummerman <a href="http://www.abeautifulmess.com/2015/07/tips-for-finding-your-dream-home.html" target="_blank">explains</a> that it&#8217;s important to make sure you&#8217;re not confusing must-haves with preferences, as well. She shares her experience with this &#8220;mental negotiation&#8221; process:</p> <p>&#8220;Decide which things are preferences vs. needs on your list&#8230;For example, I loved the vaulted ceilings we had at our last house and really wanted to have them in our next space, as well. I kept trying to hold out for tall ceilings, but the house that fit our top priorities was actually a mid-century ranch. No vaulted ceilings anywhere. I had to realize that what was a &#8216;need&#8217; was actually more of a &#8216;want&#8217; and just switch my visual expectations a bit to get the things that really mattered most.&#8221;</p> <p><strong>Turn to the Data</strong><br /> Buying a home is emotional: stressful, frustrating, exciting, scary, and more, all at once. When deciding if a potential house is your dream home, it&#8217;s important not to get too wrapped up in the emotion and take time to check out the data. You can&#8217;t deny the facts, and the following tools will help you get them.</p> <ul> <li><strong>How will the home appreciate?</strong>Use this <a href="http://www.creditfinanceplus.com/calculators/home-value-appreciation-profits-future-sale.php" target="_blank">home appreciation tool</a> to see how much it will appreciate based on the listing price.</li> <li><strong>Is the home accessible?</strong>What&#8217;s the <a href="https://www.walkscore.com/" target="_blank">Walk Score</a> of the home? If you want to be close to stores, retailers, restaurants and parks, look for a Walk Score of 70 or above.</li> <li><strong>Is the house overpriced?</strong>Use this <a href="https://www.homelight.com/home-value-estimator" target="_blank">home value estimator tool</a> to get five value estimates from leading sources, like Zillow. Is the house priced appropriately?</li> <li><strong>Is the area loud?</strong>Get the <a href="http://howloud.com/soundscore/" target="_blank">Soundscore</a> of your potential dream home—the heat-mapping technology will allow you to see how loud or quiet the area is.</li> </ul> <p><strong>Learn More About the Community</strong><br /> Whether you&#8217;re a single homeowner or a family of four, the community surrounding your home will be a big part of your life. As such, you need to know as much about it as possible. Start to learn by doing research. Look up everything that&#8217;s most important to you, including:</p> <ul> <li>Crime rates</li> <li>School quality and availability</li> <li>Public transportation (School buses, too—do they come to the neighborhood to pick up the kids?)</li> <li>Commute to work (Is there a lot of traffic in the morning or at night?)</li> </ul> <p>Finding your dream home isn&#8217;t easy, but when you tune into your emotions, check out facts and stay true to your list of needs, the process is easier. Use these tips to make the best decision and find the home you&#8217;ll love forever.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/03/28/how-decide-dream-home-good-deal/">How to Decide If Your Dream Home Is a Good Deal</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/03/28/how-decide-dream-home-good-deal/feed/ 0 2017-03-28 20:12 +00:00 2017-03-28 13:12 -07:00 http://money.cnn.com/2017/03/27/real_estate/donald-trump-queens-childhood-home/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/vZhhe-YIojI/index.html Donald Trump's childhood home sells ... again. For a massive profit The New York property, which was the first home of the 45th president of the United States, was purchased on March 23 for $2.14 million -- a nearly 54% profit for the previous owner who bought it just month's earlier.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/vZhhe-YIojI" height="1" width="1" alt=""/> Mon, 27 Mar 2017 18:19:46 -0400 http://money.cnn.com/2017/03/27/real_estate/donald-trump-queens-childhood-home/index.html?section=money_realestate 2017-03-27 18:19 -04:00 2017-03-27 15:19 -07:00 http://money.cnn.com/2017/03/23/investing/housing-boom-trump-homebuilders/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/-C0tAi7jpxM/index.html Housing market could get a bump from Trump Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/-C0tAi7jpxM" height="1" width="1" alt=""/> Thu, 23 Mar 2017 14:19:09 -0400 http://money.cnn.com/2017/03/23/investing/housing-boom-trump-homebuilders/index.html?section=money_realestate 2017-03-23 14:19 -04:00 2017-03-23 11:19 -07:00 http://rismedia.com/?p=127622 http://rismedia.com/2017/03/22/10-tips-homebuyers-sellers-spring/ Advice Buying/Selling Consumer For Your Clients Latest News News Trending Home-Buying Tips Home-Selling Tips Spring Real Estate Season Zillow 10 Tips for Homebuyers and Sellers This Spring <p>Spring is here, and so is spring home-buying and -selling. Buyers and sellers preparing to take action this season should put those plans into play now—according to Zillow Group&#8217;s Report on Consumer Housing Trends, the No. 1 regret for both buyers and sellers is &#8220;not starting their home search or prepping their home to sell [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/03/22/10-tips-homebuyers-sellers-spring/">10 Tips for Homebuyers and Sellers This Spring</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 22 Mar 2017 20:31:20 Z http://rismedia.com/2017/03/22/10-tips-homebuyers-sellers-spring/#respond Susanne Dwyer <p>Spring is here, and so is spring home-buying and -selling. Buyers and sellers preparing to take action this season should put those plans into play <em>now</em>—according to <a href="http://www.zillowgroupreport.com/" target="_blank">Zillow Group&#8217;s Report on Consumer Housing Trends</a>, the No. 1 regret for both buyers and sellers is &#8220;not starting their home search or prepping their home to sell soon enough.&#8221;</p> <p>&#8220;This spring, both buyers and sellers should be prepared for fast-moving sales, intense negotiations, and even bidding wars,&#8221; says Jeremy Wacksman, CMO at Zillow Group. &#8220;Home shoppers and sellers are motivated to become more strategic and knowledgeable about what&#8217;s happening in their neighborhood. Understanding whether you are in a buyer&#8217;s or a seller&#8217;s environment will help you manage your expectations and will give you insight into what you&#8217;re going to need to bring to the table in order to close the deal.&#8221;</p> <p>For buyers, that means:</p> <p><strong>Keep your options open.</strong> More than half (52 percent) of homebuyers surveyed in the report said they also considered renting, and more than one-third (37 percent) of first-time buyers seriously considered continuing to rent. Savvy shoppers should have a Plan B in place, hoping to buy if it works out, but willing to sign a lease for a home if they don&#8217;t make a deal by the time they need to move.<strong><br /> </strong></p> <p><strong>Be realistic with your budget.</strong> Once you set it, stick to it. First-time home buyers are more likely to exceed their budget than repeat buyers (39 percent versus 26 percent), according to the report. Before you meet with a lender to determine how much mortgage you&#8217;ll be approved for, take a good look at your individual finances and spending preferences to determine the monthly payment range that you feel you can comfortably afford. (Use <a href="https://www.zillow.com/mortgage-calculator/" target="_blank">Zillow&#8217;s mortgage calculator</a> to help with you with the math.)<strong><br /> </strong></p> <p><strong>Get your financing squared away early. </strong>Plan to meet a few lenders four to six months ahead of when you&#8217;re planning to buy to ensure you can make a competitive offer quickly when you find your dream home. The majority (82 percent) of buyers get pre-approved, with 77 percent getting pre-approval from a lender before finding a home on which they are interested in placing an offer.<strong><br /> </strong></p> <p><strong>Find an agent with a winning track record. </strong>Take the time to find an agent who has expertise in fast negotiation, leveraging escalation clauses, and winning bidding wars. Only 46 percent of buyers got the first home on which they made an offer, according to the report, demonstrating that competition is now part of the process. Use search tools, like <a href="http://zillow.com/agent-finder/" target="_blank">Zillow&#8217;s Agent Finder</a>, to choose an agent based on sales and listing activity, area of expertise and reputation.</p> <p><strong>Communication is key.</strong> Make sure your preferred method—and frequency—of communication matches that of your agent. One-third (33 percent) of all buyers surveyed in the report preferred phone calls with their agent over emailing (21 percent) or texting (15 percent). Buyers can use the agent reviews on Zillow to learn more about prospective agents and their clients&#8217; experiences.</p> <p>And for sellers:</p> <p><strong>Start early and be strategic. </strong>Sellers consider putting their home on the market for five months before they list it—but the top seller regret is that they wished they spent more time prepping for the sale. Many cities have a magic <a href="http://rismedia.com/2017/03/06/ideal-time-list-home-sale/">window in the spring</a> when homes have a higher likelihood of selling quickly for more money.</p> <p><strong>Work with an agent from the start.</strong> The vast majority (90 percent) of sellers surveyed in the report who sold quickly and for more than list price worked with an agent, and two out of three (58 percent) began working with an agent at the very beginning of their selling journey.</p> <p><strong>Pay attention to your online curb appeal.</strong> The majority of buyers begin their search online. Sellers who sold their home for more than list price made imagery and home information available online: 48 percent had professional photos taken of the home; 30 percent shot video footage; and 21 percent shot drone footage. <a href="http://zillow.mediaroom.com/2016-02-16-Zillow-Launches-Video-Walkthroughs-on-For-Sale-Listings" target="_blank">Zillow&#8217;s video walk-throughs</a> give sellers an easy way to show home features that are hard to capture in photos.</p> <p><strong>Home improvements can be a worthwhile investment. </strong>Sellers who fetched above list price tackled home improvements before listing their home, being 50 percent more likely to take on a large project like modifying an existing home plan and 20 percent more likely to renovate a kitchen than the average seller.</p> <p><strong>Don&#8217;t be afraid to try again.</strong> In many markets, nearly half of listing views occur in the first week the home is on the market. Twenty-six percent of those who sold above list price took their home off the market once to adjust the sales price, opting to start anew, rather than letting the home languish on the market with minimal activity. <em><br /> </em></p> <p><em>For more information, please visit </em><a href="http://www.zillow.com" target="_blank"><em>www.zillow.com</em></a><em>.<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/03/22/10-tips-homebuyers-sellers-spring/">10 Tips for Homebuyers and Sellers This Spring</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/03/22/10-tips-homebuyers-sellers-spring/feed/ 0 2017-03-22 20:31 +00:00 2017-03-22 13:31 -07:00 http://money.cnn.com/2017/03/15/pf/fed-rate-hike-mortgage-rates/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/5GOh1iYe5nI/index.html What the Fed rate hike means for homebuyers The Federal Reserve increased its benchmark interest rate on Wednesday, which could make buying a home more expensive.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/5GOh1iYe5nI" height="1" width="1" alt=""/> Thu, 16 Mar 2017 13:01:37 -0400 http://money.cnn.com/2017/03/15/pf/fed-rate-hike-mortgage-rates/index.html?section=money_realestate 2017-03-16 13:01 -04:00 2017-03-16 10:01 -07:00 http://money.cnn.com/2017/03/14/news/economy/fed-rate-hike-interest-savings-mortgage-march/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/HDapRVwiMvQ/index.html What a Fed rate hike means for you The Federal Reserve is expected to raise its key interest rate Wednesday, which stands to impact millions of Americans.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/HDapRVwiMvQ" height="1" width="1" alt=""/> Tue, 14 Mar 2017 12:55:49 -0400 http://money.cnn.com/2017/03/14/news/economy/fed-rate-hike-interest-savings-mortgage-march/index.html?section=money_realestate 2017-03-14 12:55 -04:00 2017-03-14 09:55 -07:00 http://money.cnn.com/2017/02/28/real_estate/best-worst-states-first-time-homebuyers/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/oaehyihkZH0/index.html First-time homebuyer? Avoid these states Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/oaehyihkZH0" height="1" width="1" alt=""/> Tue, 28 Feb 2017 00:02:55 -0500 http://money.cnn.com/2017/02/28/real_estate/best-worst-states-first-time-homebuyers/index.html?section=money_realestate 2017-02-28 00:02 -05:00 2017-02-27 22:02 -07:00 http://money.cnn.com/2017/02/21/pf/millionaires-moving-migration-australia-france/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/tKXomXq3e4I/index.html Where millionaires are moving: Australia tops the list Australia has cemented its status as the most desirable place for migrating millionaires in 2016.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/tKXomXq3e4I" height="1" width="1" alt=""/> Tue, 21 Feb 2017 09:39:20 -0500 http://money.cnn.com/2017/02/21/pf/millionaires-moving-migration-australia-france/index.html?section=money_realestate 2017-02-21 09:39 -05:00 2017-02-21 07:39 -07:00 http://money.cnn.com/2017/02/09/investing/gop-war-elizabeth-warren-cfpb-trump/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/eHQSFnujmAc/index.html GOP declares all-out war on Elizabeth Warren's agency Republican Rep. Jeb Hensarling penned a dramatic op-ed denouncing the CFPB in terms usually reserved for condemning tyrannical, intolerant autocratic regimes.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/eHQSFnujmAc" height="1" width="1" alt=""/> Thu, 09 Feb 2017 14:40:21 -0500 http://money.cnn.com/2017/02/09/investing/gop-war-elizabeth-warren-cfpb-trump/index.html?section=money_realestate 2017-02-09 14:40 -05:00 2017-02-09 12:40 -07:00 http://money.cnn.com/2017/01/31/real_estate/cfpb-prospect-mortgage-kickbacks/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/xhFjBKdtM10/index.html Mortgage lender fined $3.5 million for kickback scheme The Consumer Financial Protection Bureau has ordered mortgage lender Prospect Mortgage to pay a $3.5 million fine for illegal kickbacks to real estate brokers and agents.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/xhFjBKdtM10" height="1" width="1" alt=""/> Tue, 31 Jan 2017 16:58:20 -0500 http://money.cnn.com/2017/01/31/real_estate/cfpb-prospect-mortgage-kickbacks/index.html?section=money_realestate 2017-01-31 16:58 -05:00 2017-01-31 14:58 -07:00 http://money.cnn.com/2017/01/20/real_estate/trump-suspends-fha-premium-rate-cut/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/qumb6R7OW0o/index.html Trump administration suspends mortgage premium rate cut The Department of Housing and Urban Development has suspended the reduction of annual mortgage insurance premiums that was supposed to go into effect January 27.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/qumb6R7OW0o" height="1" width="1" alt=""/> Sat, 21 Jan 2017 10:16:35 -0500 http://money.cnn.com/2017/01/20/real_estate/trump-suspends-fha-premium-rate-cut/index.html?section=money_realestate 2017-01-21 10:16 -05:00 2017-01-21 08:16 -07:00 http://money.cnn.com/2017/01/13/real_estate/down-payment-income/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/pbzNS4r4_O4/index.html Why it takes years to save for a down payment Coming up with a 20% down payment for a median-price home costs buyers two-thirds of their annual income, according to a new Zillow report.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/pbzNS4r4_O4" height="1" width="1" alt=""/> Fri, 13 Jan 2017 20:39:54 -0500 http://money.cnn.com/2017/01/13/real_estate/down-payment-income/index.html?section=money_realestate 2017-01-13 20:39 -05:00 2017-01-13 18:39 -07:00 http://money.cnn.com/2017/01/09/real_estate/fha-mortgage-insurance-premiums-2017/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Esf6RMrWn28/index.html Government-backed mortgages are about to get cheaper The Federal Housing Administration will reduce the annual mortgage insurance premiums borrowers pay when taking out a low down payment home loan that is insured by the government.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Esf6RMrWn28" height="1" width="1" alt=""/> Mon, 09 Jan 2017 16:38:35 -0500 http://money.cnn.com/2017/01/09/real_estate/fha-mortgage-insurance-premiums-2017/index.html?section=money_realestate 2017-01-09 16:38 -05:00 2017-01-09 14:38 -07:00 http://money.cnn.com/2017/01/05/real_estate/mortgage-rates-drop-2017/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/3D09G9NEpkk/index.html Mortgage rates kick off new year with a drop Average fixed mortgage rates dropped for the first time in 10 weeks, according to Freddie Mac.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/3D09G9NEpkk" height="1" width="1" alt=""/> Thu, 05 Jan 2017 13:48:08 -0500 http://money.cnn.com/2017/01/05/real_estate/mortgage-rates-drop-2017/index.html?section=money_realestate 2017-01-05 13:48 -05:00 2017-01-05 11:48 -07:00 http://money.cnn.com/2016/12/15/real_estate/rising-mortgage-rates/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/7xQHcMrtipE/index.html Why you shouldn't panic about rising mortgage rates The average rate for a 30-year fixed-rate mortgage inched up to 4.16%, but rates are still low by historical standards.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/7xQHcMrtipE" height="1" width="1" alt=""/> Thu, 15 Dec 2016 12:27:18 -0500 http://money.cnn.com/2016/12/15/real_estate/rising-mortgage-rates/index.html?section=money_realestate 2016-12-15 12:27 -05:00 2016-12-15 10:27 -07:00 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/tmQBiEFyXNk/ What will your monthly mortgage payment be? In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/tmQBiEFyXNk" height="1" width="1" alt=""/> Mon, 02 Feb 2015 10:53:13 -0500 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate 2015-02-02 10:53 -05:00 2015-02-02 08:53 -07:00 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/wK06F6O88wk/ Was my home a good investment? Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/wK06F6O88wk" height="1" width="1" alt=""/> Tue, 05 Nov 2013 11:10:09 -0500 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate 2013-11-05 11:10 -05:00 2013-11-05 09:10 -07:00