For Buyers Archives

Before You Make an Offer, Here Are 4 Tips for Success!

So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!

December 12, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up

Why Getting Pre-Approved Should Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

December 11, 2017/by KCM CREW

For Buyers, Infographics, First-Time Buyers

3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]

Some Highlights

Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.”
Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.
Living within a budget will not only help you save money for down payments but will help you pay down other debts that might be holding you back.

December 8, 2017/by KCM CREW

For Buyers, For Sellers, Home Prices, First-Time Buyers, Move-Up

Home Prices Up 7% from Last Year

According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase.

December 6, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up

Why Is There So Much Paperwork Required to Get a Mortgage?

Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form.

December 5, 2017/by KCM CREW

For Buyers, For Sellers, Move-Up

5 Reasons to Sell This Winter!

Here are five reasons listing your home for sale this winter makes sense.

December 4, 2017/by KCM CREW

For Buyers, For Sellers, Infographics

Median Days on the Market Drops to 34! [INFOGRAPHIC]

Some Highlights

The National Association of REALTORS® surveyed their members for their Confidence Index.
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
Homes sold in less than 60 days in 44 out of 50 states, and Washington D.C.
Homes typically went under contract in 34 days in October!

December 1, 2017/by KCM CREW

For Buyers, Home Prices, First-Time Buyers, Move-Up

The Real Reason Home Prices are Increasing

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

November 30, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

2 Charts That Show the Truth about Home Affordability

There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history.

November 29, 2017/by KCM CREW

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up

Low Interest Rates Have a High Impact on Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!

November 28, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

The Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

November 27, 2017/by KCM CREW

For Buyers, For Sellers, Infographics, Move-Up

Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]

Some Highlights

The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”

November 24, 2017/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up

Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year:

November 22, 2017/by KCM CREW

For Buyers, For Sellers, Infographics, First-Time Buyers, Move-Up

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

Some Highlights

Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

November 17, 2017/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up

Your Friends Are Crazy Wrong If They're Telling You Not to Buy

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

November 16, 2017/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up

Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.

November 15, 2017/by KCM CREW

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up

Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

November 14, 2017/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up

Veterans Affairs Loans by the Numbers [INFOGRAPHIC]

Some Highlights

Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership.
So far in 2017, $188 billion has been loaned to veterans and their families through the program.
VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

November 10, 2017/by KCM CREW

For Buyers, Home Prices, First-Time Buyers, Move-Up

A Housing Bubble? Industry Experts Say NO!

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

November 9, 2017/by KCM CREW

For Buyers, For Sellers, First-Time Buyers, Move-Up, Rent vs. Buy

5 Reasons Homeownership Makes ‘Cents’

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities.

November 8, 2017/by KCM CREW

For Buyers, For Sellers, Home Prices, Move-Up

Multigenerational Households May Be the Answer to Price Increases

Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.”

November 7, 2017/by KCM CREW

For Buyers, For Sellers, Home Prices, First-Time Buyers, Move-Up

Low Inventory Causes Home Prices to Maintain Fast Growth

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

November 6, 2017/by KCM CREW

For Buyers, For Sellers, Infographics

The Difference an Hour Makes in Real Estate [INFOGRAPHIC]

Every Hour in the US Housing Market:

624 Homes Sell
347 Homes Regain Positive Equity
Median Home Values Go Up $1.13

Some Highlights

November 3, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up

Thinking About Buying? Know Your Credit Score

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

November 1, 2017/by KCM CREW

For Buyers, First-Time Buyers, Move-Up

Don't Let Fear Stop You from Applying for a Mortgage

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

October 31, 2017/by KCM CREW

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