Close to the grocery store. Walking distance from the park. Near grandma and grandpa. Short commute to work. 

There are many considerations your clients sift through when deciding where to look for their next home. All of the ones above are pretty common and important. But there is one factor that can sometimes be a deal-breaker for parents – the school district.  Continue reading

Shopping for their first home can be very exciting. But because it’s their first go-around, your first-time buyer clients may feel like they’re going into the process blind. They could use a little help from someone who is more familiar with the process. That means you. 

While they could get plenty of advice online, you are well-positioned to give them the inside scoop on what’s happening in the local home market. Your advice could help them avoid making some common first-time homebuyer mistakes that can trip them up along the way. Here is a quick rundown of some things your clients should not do.  Continue reading

Interior painting. Bathroom remodels. New Flooring.  

According to the 2020 State of Home Spending report, these were the top three most common home improvement projects participants had completed. It’s not surprising that painting was at the top of the list, as it is one of the most cost-effective and impactful home improvement or renovation projects.  Continue reading

As if a housing shortage and historically low interest rates weren’t enough to spark some of your clients to consider refinancing instead of buying, the Federal Housing Finance Agency (FHFA) just put another log on the fire.

This week, Fannie Mae and Freddie Mac have agreed to eliminate the “Adverse Market Refinance Fee” for all refinanced mortgages, effective Aug. 1. The refinancing fee was implemented in December 2020 to help pay for some of the federal pandemic-related mortgage relief.   Continue reading

As you’ve probably noticed, it’s been quite the home buying season so far in 2021!

If your experience has been anything like many real estate agents around the country, you’ve been busy trying to keep your buyers thinking positively during such competitive times while looking for more homeowners willing to sell in order to beef up the home supply in your area.

In this hectic seller’s market of 2021, maybe you’ve seen some crazy things like homes selling for tens of thousands above their asking price. Or homes are drawing dozens of serious bidders within an hour of being listed. We’ve even heard of buyers throwing in crypto-currency or literally offering bags of cash to beat out competitors. Continue reading

Mowing the grass for an elderly couple next door. Hosting a neighborhood cookout. Offering someone vegetables from your garden. 

Being a good neighbor is something everyone should focus on. Not only is it just a nice thing to do, but some benefits could come your way as a result of your kindness. 

According to the Realtor.com® Good Neighbor Report results, 77 percent of respondents said they had a good neighbor, while only 7 percent said they did not. Those are encouraging results for everyone. 

As a REALTOR® whose job is to build strong business (and personal) relationships with people – your neighbors, the business community, and potential clients – it’s essential to maintain a neighborly vibe with anyone you meet. This can especially pay off down the road by landing you some potential new clients and referrals. 

Here are some simple but impactful actions you can take to be a good neighbor in your community. You can pass along this wisdom to your clients, too, so they can also keep the peace and make their neighborhoods the envy of the community. Continue reading

Late last week, the Department of Housing and Urban Development (HUD) announced that it is being more much more lenient on the rules mortgage lenders must use to assess student loan debt for home loan applicants. The move brings FHA more in line with other government-backed mortgage programs like Fannie and Freddie, which eased their criteria in recent years. 

The new standard removes a requirement to calculate a borrower’s monthly student loan payment as 1% of their outstanding student loan balance instead of the actual monthly payment that could be significantly less than 1 percent of the balance.  Continue reading

When mortgage rates drop to near historic lows like recently, many homeowners start thinking about either refinancing their current homes or buying a new one.  

According to Freddie Mac and the National Association of Homebuilders, mortgage rates are expected to hover around 3 percent this year. The National Association of Realtors projects the rate will reach 3.2 percent in 2021, and Wells Fargo believes rates will be around 2.89 percent. All these numbers are attractive for both new home buyers and those looking to refinance. 

There are benefits and pitfalls to both that a knowledgeable and professional agent can communicate to put you in the best position possible.  

Despite it being a seller’s market where home prices in many regions are skyrocketing, you could still manage to land the home of their dreams without breaking the bank.  

However, if you aren’t up for getting into possible bidding wars, are still content in your current home, or need to squeeze some money out of your monthly budgets, refinancing can provide some benefits. 

To help you clients determine whether they should buy now or refinance instead, here are some essential considerations to share. 

Continue reading