Written By: Karen Marsala with Realtor.com Home inspections are scary. Just when you swear you’ve found the house of your dreams, a home inspector comes along and tells you everything’s that’s wrong with it—which might lead you to think you should run for the hills! But rest assured, most things turned up during a home inspection aren’t […]
WRITTEN BY: By the Experts at REeBroker Group via RIS Media The home-buying process can be fun, exhilarating and sometimes stressful—and that’s just searching for the perfect home. The loan process is a whole different process that can seem like a foreign language. Most buyers just want to know what fees and costs are associated […]
Stricter lending standards have reduced risk in the market. (by Peter Coy, Businessweek, 6/10/21) The parallels are hard to ignore: the record prices, the bidding wars, the subdivisions that fill up as soon as they’re built, the resourceful buyer who clinched a deal by dropping off cupcakes that matched the home’s interior paint colors. Today’s real estate […]
Published From Realtor.com More than a third of Americans say they have found at least one error in their credit report, according to a new study from Consumer Reports. The publication asked more than 5,800 study participants to get a copy of their credit report and check it for errors between Feb. 1 and April […]
Let’s compare how the real estate market in Monmouth and Ocean counties performed in May compared to last year. As has been the case in previous months, we still continue to have low inventory levels resulting in higher purchase prices. It is also to be noted that in Monmouth County in May 2021, there were […]
Guest Article By: Homelight Didn’t it feel like stores were running out of everything? It was hard to find basic things like toilet paper, paper towels, disinfectants and even soap! Thankfully, 2021 has been much kinder in that regard and stores are fully stocked with these commodities. Unfortunately, that’s not the case in the housing […]
By Meghan Belnap from RISMedia House Call Figuring out what type of residential AC system you need can be tough, especially when you aren’t familiar with AC system purchases. Realistically, how many air conditioners have you bought in your life? At the very most, it could be three or four. So, you likely aren’t an […]
By: Richard Westlund with Real Trends Are rapidly rising home prices a warning sign of a real estate bubble? Could the U.S. housing market collapse as it did 14 years ago, triggering a severe recession? Real estate brokers and analysts who pay close attention to market fundamentals say the answer is no. “I feel very […]
Original Article By: Michael Yessis of listwithclever.com A kick-out clause in a home-purchase contract allows a seller to reject an accepted offer in favor of a new one from another buyer. While it may sound harsh, a kick-out clause generally benefits both parties and overwhelmingly applies to one situation: A buyer wants to sell their […]
PUBLISHED By Realtor Magazine. Bidding wars have become the norm, but the bigger dilemma buyers face is how much higher the asking price will be in that competitive offer situation. In Marin County, Calif., a recent listing for a 1,305-square-foot home with a single bathroom sparked an intense bidding war. The home was listed at […]
Originally published by the National Association of Realtors Cash is often king. Buyers who can make an all-cash offer on a home can stand out when competition is tight. Cash purchases tend to pose less risk that a deal will fall through from a low appraisal, have fewer financing hang-ups, and tend to make for […]
Let’s compare how the real estate market in Monmouth and Ocean counties performed in April compared to last year. I saw this housing market analogy recently, “Everybody is trying to sit down and there is no place to sit.” Low inventory woes still plague the real estate market with people desperately trying to find homes […]
Guest Article By: Michelle Folmar (Finance Writer and Blogger) If you’re like most Americans, homeownership is up there with your graduation, your wedding, and your first car as far as important life milestones go. But as soon as you start getting your feet wet during the house hunt, you quickly start to realize that there […]
Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home From the National Association of Home Builders Soaring lumber prices that have tripled over the past 12 months has caused the price of an average new single-family home to increase by $35,872, according to new analysis by the NAHB Economics team. This lumber price […]
