Between 1980 and 2020, home prices have risen by about 416%. Similarly, home prices saw a 16.2% rise from 2020 to 2021. These data are indicative of a steady increase over the years. Now, in 2022, there’s a major question that has been on the lips and minds of many potential buyers and sellers of … Read more
There are several unique abbreviations and acronyms used in real estate, specifically those relating to the Multiple Listing service. Having a proper understanding of these terms can be very beneficial to both home buyers and sellers in that it allows you to understand vital information. The following MLS acronyms are some of the most common … Read more
Most people consider FHA loans to be better than conventional loans because their requirements lean closer to the friendly side. However, initial requirements aside, how different are FHA loans from conventional mortgages when it comes to closing costs? Does FHA help with closing costs? Does FHA Help With Closing Costs? No, taking an FHA loan … Read more
While Arizona and California share borders, there are a lot of differences between them. Some of these differences include culture, climate, weather, and more importantly, the cost of living. Since living costs constitute a major factor in choosing where to live, is it cheaper to live in Arizona or California? Is It Cheaper to Live … Read more
Selling your house can bring you good returns. However, the numerous costs of selling a house such as moving fees and agent commissions can eat into your profit. So, what percentage do you lose when selling a house? What Percentage Do You Lose When Selling a House? Typically, sellers pay about 6% of the selling … Read more
While there’s no fixed commission rate that real estate brokers charge, the industry standard is 6% of the final selling price. On an $800,000 property, that can add up to $48,000, which is a lot of money. So, can you negotiate realtor fee? Let’s find out. Can You Negotiate the Realtor Fee? You can always … Read more
Real estate fees can add up to 10% of your property’s sale price after factoring in additional expenses like repair costs. While some expenses are negotiable, you should expect to pay for several costs associated with selling a home. So what fees do you pay when selling a house? What Fees Do You Pay When … Read more
The COVID-19 pandemic took a huge toll on the economic situations of a lot of homeowners. This saw many people unable to meet mortgage payments and granted a forbearance period. Now, this period is coming to an end, and there’s a big question, what happens after forbearance ends? What Happens After Forbearance Ends? After forbearance … Read more
Ease of sale or convenience is one of the major features that home sellers prioritize during the home sale process. Most home sellers aim to make as much capital gains as possible while having to involve themselves minimally. This is the aspect that iBuyers in real estate capitalize on. Who Are iBuyers in Real Estate? … Read more
Rather than buying a house from someone who wants to sell, another option available to homebuyers is Toll Brothers. Toll Brothers are mainly known for their prowess in constructing custom homes. However, you can also purchase an already constructed home too. So, can you negotiate price with Toll Brothers? Can You Negotiate Price With Toll … Read more