Buying a home

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Everything You Need to Know About Appraisal Gaps

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With mortgage interest rates remaining low compared to historic averages, many people are financing their home purchases – a move that makes a lot of financial sense.

Whenever you buy a property and intend to take out a mortgage on it, whether it be a house, condo or cooperative, all mortgage lenders will require an appraisal, which is an unbiased estimate of the true or fair market value of the property. All lenders order an appraisal during the mortgage loan process so that there is an objective way to assess the home's market value, and ensure the amount of money requested by the borrower is appropriate.

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Your 2022 Homebuying Game Plan

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Over the past year, the real estate market has been marked by unpredictability and, at times, overheated competition. This has resulted in some buyers bowing out after one too many disappointments while other potential buyers put off their home-buying plans, hoping that things would settle down.

Whichever type of buyer you are, you may be thinking ahead to the new year and planning to begin a search for a new home. If so, it’s vital to prepare yourself for the challenges—and opportunities—that lie ahead.

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Tips for Buyers

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When you're first starting to look to buy, you'll quickly pick up on a few trends happening in the local market. For example, you might notice an over abundance of properties available for sale (indicating a buyer's market), or on the flip side, you might not find very much available (indicating a seller's market).

Either way the market may be heading, there are always a couple of extra tips you'll want to note when looking at homes.

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6 Things to Do Before Moving into Your New Home

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After closing on your new home comes the excitement of planning where to put all your belongings. Which room is right for your comfy recliner? Which will be best to feature your favorite piece of artwork?

Before you start unpacking your belongings, there are several tasks you should consider completing before moving day. These jobs are easier to complete in an empty home but also will make your new house much homier when you move in.

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How to Choose the Ideal Home Location

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It’s time to buy a home, and while you know the style and layout of the kind of home you are looking for, you’re unsure of where to begin looking for your dream home.

This is the moment where the home buying motto comes into play—location, location, location.

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New Places to Look for Your Next Home

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For many buyers, one of the most challenging aspects of buying a home in 2020 turned out to be finding a home in the first place. Low inventory in many markets, as well as the struggles associated with local restrictions and virtual home tours, meant that some enthusiastic buyers found themselves unable to find the right space when they were ready to move forward with their purchase.

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Preparing for a 2021 Home Purchase

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While you may have been ready to buy a home during the 2020 spring market, the uncertainties caused by the pandemic may have put a damper on your plans. At this point, you may be uncertain about your post-COVID-19 real estate goals and unsure whether the opportunity to work from home will inspire you to move to another market or another type of home.

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Finding a Home in a Low Inventory Market

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One of the most common refrains that has come out of the very hot 2020 real estate market is the message that this is a perfect time to sell a home. Record low interest rates combined with a low inventory market and a shortened spring market means that demand is high and, in many areas, homes are selling for prices well above asking with multiple offers.

If you or someone you know is in the market to buy or sell real estate, I would appreciate the opportunity to earn the business. Thank you!