Key Takeaways: Despite home sales normally falling off after spring and summer, this winter might see an increase in numbers. After spending much more time at home during the pandemic, buyers are more in tune with what they want and what doesn’t work for them. No matter what you wish for in your new home, […]
Tag Archives: sellers market
Will Retirement Change How You Look at Your Home?
Key Takeaways: The National Association of Realtors (NAR) released a report earlier this year stating that generational differences came into play regarding home-buying. With downsizing and moving closer to family being top reasons for those above retirement age to buy a new home, it might be a great idea to start looking into buying right […]
The Power Is in Sellers’ Hands!
Key Takeaways: Currently, houses are in low supply. With the shortage, sellers have a great advantage in the housing market! Sellers can list their Pittsburgh area house efficiently and easily with Jim Dolanch! How the Housing Market Is Doing Right Now This fall, homes are in low supply (as everyone knows). The drastic lifestyle changes […]
Could the Low Supply of Housing Be a Good Thing?
Key Takeaways: Currently, buyers are very aware of the lack of available homes for sale. This low supply is raising home values and causing homeowners to rethink their needs. Take advantage of low mortgage rates and the equity that you have in your home to start looking for a new one. The Jim Dolanch Real […]
Understanding the Basics of the Mortgage Rate Increases
Key Takeaways: When the 10-year US Treasury yield rate jumps, expect the mortgage rate to jump as well. There are many factors that impact how mortgage rates fluctuate, such as inflation, employment rate, and economic growth. Learning about current and predicted mortgage rate trends can be useful in your hunt for a new home—let the […]
How Can You Compensate for Appraisal Gaps?
Key Takeaways: The combination of low inventory and high demand is creating an unprecedented amount of appraisal gaps in today’s ultra-competitive market. Appraisal gaps occur when the price of your contract doesn’t match up with the appraised value of your home. Appraisal gaps impact every aspect of your real estate transaction, from the financing to […]
Appraisal or Home Inspection—Do You Really Need Both?
Key takeaways: A potential buyer should get both an appraisal and inspection in order to ensure they are paying the correct price for their potential home. An appraisal represents the value of the home, whereas an inspection evaluates the home’s overall condition. Want an expert’s help in determining what to offer for your dream home? […]
Spring Into Action if You Are Ready to Move
Key points: Considering moving this year but not sure if you want to move in the winter? Here is why now is the perfect time to buy a home! Historic mortgage rates, high appreciation in homes, and elevated buyer demand allow sellers and buyers alike to succeed in today’s market. Interested in moving and ready […]
What to Do When You’ve Outgrown Your Home
Surging Home Values Still Allow for Affordable Homes
Key points: The current housing market is heavily geared towards sellers, and high demand for homes can lead to competitive prices for home buyers. Historically low mortgage rates are contributing to the affordability of today’s homes because homeowners will pay thousands less in interest over the lifespan of their loan. Want to take advantage of […]