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SOLD- $445,000
Very large Condo with 4 bedrooms 4 bathrooms and direct access to your very own private garage. |
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Are we in a housing bubble? Not even close, Trulia says
Though recent leaps in home prices may stoke fears of another bubble, the housing market is definitely not in one, listing site Trulia said in introducing “Trulia’s Bubble Watch.”
Bubble Watch assesses the market’s susceptibility to bubble conditions by comparing today’s home prices with historical prices, incomes and rents.
“Incomes determine how much people can pay for housing, and price increases aren’t sustainable if they push prices too high relative to incomes,” Trulia chief economist Jed Kolko wrote in a blog post. “Rents reflect how much people value housing even if they won’t benefit from price appreciation (as renters don’t, but owners do); the price-to-rent ratio is like the price-earnings (P/E) ratio for stocks.”
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Five ways to love your home again
If you've fallen out of love with your home, and you're committed to staying put for years to come, it is a worthwhile endeavor to rekindle that romance, and re-excite the spark that makes coming home, being home, maintaining home, and even writing out the checks that keep the lights on, the mortgage paid and the taxes current, a blessing. Here's how:
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Fire Safety Tips for Your Home
Summer’s coming and, in many parts of the country, summer means fire season. Fire can hit anywhere--not just in isolated wilderness communities. With the right combination of hot dry weather, wind, flammable brush and an ignition source, any house is potentially in danger.
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Improve your chances in multiple-offer situations
Some buyers in hot markets with a low inventory of homes for sale are losing out over and over in multiple-offer competitions. You can improve your chances of having an offer accepted by clearing up any issues that might cause a seller to look askance at your offer when compared to one from another buyer.
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Don't lower your standards just because homes are scarce
In low-inventory markets that are now common in many areas of the country, buyers might be prone to jump at a listing they wouldn't even consider if there were a lot of homes for sale.
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Six paths to success for buyers in tight markets
In low-inventory markets, some buyers are having a hard time finding a home to buy. There are steps you can take to improve your odds of finding a home at a time when interest rates are at record lows and affordability is high.
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Six signs a home will hold its resale value
Most buyers have a wish list of features they'd like to have in a home. Often missing from that list is how salable the home will be when they later decide to sell.
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Top 10 Projects for New Homeowners
You’ve found the home of your dreams, or you’ve at least come pretty close. There’s not quite enough space in the garage, the paint colors are outdated and there’s a spot in the kitchen where the floor squeaks.
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Numbers Game: The Upper Hand in Bargaining for a Bargain
A seat at the negotiating table can be an intimidating part of real estate transactions, and while your REALTOR® is an important partner and trusted advisor in this process, insights from a new study might serve as valuable food for thought when it comes to obtaining the best possible outcome. It turns out that precision can make all the difference when forming a first offer, according to professors Daniel Ames and Malia Mason.
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Price your house to sell quickly
A first-quarter survey of home buyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent.
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Nearly half of all US homeowners with a mortgage still ‘underwater’ in Q1
Despite rising home prices early in the year, a significant portion of U.S. homeowners with a mortgage — about 44 percent — sti
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Despite slight monthly decline, existing-home sales up 10.3% from a year ag
Existing-home sales slipped 0.6 percent from February to March as a lack of home inventory continued to constrain purchases, the NATIONAL ASSOCIATION OF REALTORS® (NAR) reported. At a seasonally adjusted annual rate of 4.92 million, existing-home sales were still 10.3 percent higher than a year earlier, NAR said.
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Three tips for staging your home to sell
Today's buyers are looking for turnkey homes. That is, they want to move right in without having to do a lot of work. Buyers with busy lifestyles pay a premium for listings that are in prime condition. Staging can make the difference between a listing selling or not, the time it takes to sell, and the ultimate sale price.
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Avoid overcharges when refinancing
The process of deciding whether to refinance a mortgage in order to lower costs involves four steps:
• Step one: Select the preferred type of new mortgage.
• Step two: Find the best available price on that mortgage.
• Step three: Determine whether the cost of the new mortgage will be lower than the cost of retaining the current mortgage.
• Step four: Find a way to prevent being overcharged after committing to the transaction.
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Five real estate tasks best done early
While I'm a big proponent of avoiding premature real estate moves, there are a number of tasks that are best done before you think they need to be. These are things that tend to take longer or often turn out to be more complex than people plan for.
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Timing is key when locking home loan
Borrowers shopping for a mortgage are obliged to select a lender before the price is "locked." As a result, borrowers in shopping mode are vulnerable to lowballing -- the practice of quoting a price below the market as a way of influencing the shopper's selection.
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Four tips for a smarter home purchase
The fields of behavioral economics and behavioral finance are a couple of 21st-century mashups, academia-style, blending observations about the often-irrational financial decisions people make with insights from the behavioral sciences, from anthropology to psychology, and beyond.
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Six ways to improve your odds with a contingent sale offer
From a seller's point of view, contingent sale offers are risky. What if the buyers' home doesn't sell? Will the buyers list their home too high? Is their home in good condition and ready to go on the market? Many sellers would rather wait for their own home to sell to a non-contingent buyer than face the uncertainty of a contingent sale offer.
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