Wednesday, March 16, 2022 / by Flr Team
Before making an offer on a home, you want to be absolutely sure that it’s the perfect fit for you. This may involve some research, so you need to ask the right questions. That way, you’ll know you’re making a competitive offer on a home that you can afford and one that meets your long-term needs. Here are some questions that are important to ask when buying a home:
What’s my budget?
Don’t waste time looking at houses without first knowing how much house you can afford. There are more costs besides the sales price including property taxes, insurance, ongoing maintenance, etc.
If you want to get your offer accepted, it’s important to show the seller you are financially able to buy their home. You need to get preapproved for a mortgage. Not only does the preapproval give you an idea of what you can afford, but it also assures your REALTOR that they are showing homes to a qualified buyer and not wasting the seller’s time.
Is the ho; ...
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Thursday, March 10, 2022 / by Flr Team
If you’re thinking about buying a home, you already know that the number of homes available for sale is low, but what does that really mean for you? As a buyer, low housing supply along with high buyer demand means you should be prepared to enter a highly competitive market where homes are selling fast and getting multiple offers.
Realtor.com says that homes are flying off the market at a record pace as buyers put offers in the moment properties come up for sale. It’s wise to do everything you can to get ahead of the competition in a bidding war situation like this. When you find a home and submit an offer, it’ll likely be up against strong offers from other buyers. According to the National Association of Realtors, homes today are receiving an average of 3.9 offers, the most we’ve seen in January for the last 5 years!
To help you navigate the bidding wars with multiple offers, it’s important to have an expert real estate advisor. They know what&; ...
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Thursday, March 3, 2022 / by Flr Team
When you’re selling any item, you usually want to sell it for the greatest profit possible. This happens when there’s a strong demand and a limited supply for that item. That time is right now in the real estate market. If you’re thinking of selling your home, now is the time to list.
According to economists, Spring is the hottest time of the year for homebuyers and sellers, and the home shopping season appears to already be in full swing. ShowingTime agrees. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active properties. This is a highly reliable indicator of current and future trends for buyer demand. They have revealed that this winter has been the most active winter in five years! Now is a good time to sell when there’s such a strong demand for homes.
Another indication of a great time to sell is when housing supply is extremely low. Realtor.com releases data on the number of homes for sale each month. Their ; ...
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Thursday, February 24, 2022 / by Flr Team
Many things have changed over the past couple of years, including real estate. There has been an increased desire to own more than one home.
Where we live has become our safe space and our getaway. With more people working remotely, many are reconsidering where they want to live, and buying a second home can give them greater flexibility. Here are a few reasons why owning a second home may be a great decision for your lifestyle and your future.
When you have two homes, you can alternate between them as the weather changes or if you’d enjoy a different scenery. Maybe you’d like to live in an area with a particular season, or would like the option of alternating between a suburban and resort setting. Being able to move between homes based on which location best suits you at the time gives you flexibility and variety. This has shown to help increase happiness.
Another option to think about is whether you want your second home to be near the people who matt2 ...
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Thursday, February 17, 2022 / by Flr Team
Preparing to sell your home can sometimes be scary. Popular shows like “Fixer Upper” or “Flip or Flop” can make it seem like you’ll need to spend thousands of dollars to prepare your home for the market, but this is not always the case.
The average homeowner getting their home ready to sell won’t see a huge return on investment for many of the biggest home renovations, i.e. a kitchen renovation can cost an average of $68,000 but you’re likely to recover only $40,000 from the sale, and a bathroom renovation can cost an average of $35,000 but you’re likely to recover only $20,000 from the sale.
The National Association of Realtors states that most big home upgrades simply don’t recoup their cost. If you are dying to renovate your bathroom, do it early on so you can enjoy your renovation. It won’t be financially worth it to do right before selling.
Another thing to add is that home repairs are frequently more expen; ...
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