The recent collapse of Silicon Valley and Signature banks sent shockwaves through the financial sector, causing a ripple effect through the economy.While the situation has been challenging, there’s also been a silver lining in real estate:Mortgage rates are down.Read on for a summary of the situation, as well as what it means for homebuyers, sellers, and owners like Continue Reading about BREAKING NEWS: What Recent Bank Failures Mean For Mortgage Rates (and You)
Home Seller Tips
When it comes to listing their home, most home sellers want three things: 1) to make a lot of money, 2) to put in minimal time and effort, and 3) to sell quickly.But the reality is, selling a home is rarely that simple. And homeowners who try to do it themselves—or receive bad advice—can end up stuck (months later) with a property that hasn’t sold.If that’s you, don’t panic! We’ve outlined Continue Reading about My Home Didn’t Sell! Now What?
Use this list of real estate definitions to help you understand common terms used during the home sales process.Appraisal: A document of opinion of the property value at a specific point in time.As-is: A contract or offer clause stating that the seller will not repair or correct any problems with the property. Also used in listings and marketing materials.Backup offer: When an offer is Continue Reading about Home Seller Terminology