For much of the last couple decades, a homeowner could be expected to start looking for another home, on average, around the 4-6 year mark. The reason for that being a life change such as a new job, growth in family size, or time for downsizing. Real estate agents could then count on repeat business more consistently and frequently.
In fact, between 2000 and 2007, the average homeownership tenure was just 4.21 years.
Recently, however, that short tenure is no longer reliable. Homeowners are staying put for much longer – now between 7 and 13 years.
So what has changed? A couple things are factoring into this: Continue reading
“FHA,” “comps,” “under contract”
Words and phrases like these are so familiar to us that we often forget it’s because we deal with them daily.
For a first-time homebuyer, you may as well be speaking a different language. That can lead to real problems, such as a less-confident buyer that is hesitant to move forward because they don’t fully understand the process. The longer it takes for them to feel ready to buy, the longer it takes for you to make your money, that is, if they even go through with the deal at all. Continue reading
For the majority of agents (especially the ones in Northeast Ohio), we are officially in the “slow” season. While some agents may actually have great volume during these winter months, the fact is that on average, home transactions are down between November and January.
According to the National Association of REALTORS®, the average number of transactions during the “hot” months across the country is 2.1 million over that 4-month period. Not surprisingly, that equates to nearly 40% of the total annual sales volume.
Conversely in the winter months, the average number of transactions is around 1.5 million over that 4-month period – not a number to scoff at, but still roughly 40% fewer transactions. Continue reading
POLAND, Ohio (December 4, 2019) – From the golf course to the mortgage industry – Bradley Miller of Salem, Ohio has been hired as the newest team member at the Amerifirst Home Mortgage branch in Poland, Ohio. A professional golfer since 2016, Miller will be pulling from his bag of skills to score more loan closings and additional client support as the team’s fourth licensed loan originator (LO) on staff. Continue reading
According to a recent study, the number of cost-burdened households is on the decline. Only 20.9% of homeowners with a mortgage were cost-burdened as of 2018, marking a 28.8% decrease from just a decade earlier.
A decline of any amount should be looked at as a great trend, as fewer families are struggling financially. However, those numbers are a little deceiving. Continue reading
There’s another layer that often gets overlooked…and that’s you, the Realtor®.
Our branch understands how important your role is in the home buying process, and our model acknowledges that. You take precedence over all others. Continue reading
POLAND, Ohio (October 23, 2019) – In an effort to better serve its clients, AmeriFirst Home Mortgage in Poland has announced the hiring of Red Davis as its new Client Relations Manager.
“We are very excited to bring on a talent like Red, and are confident that his extensive background in hospitality and customer service will offer our clients an even better home buying experience overall,” said Brandon Davis, Branch Manager and Loan Originator for Amerifirst Home Mortgage. Continue reading