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Three Myths about Short-term Rentals*

Three Myths about Short-term Rentals*

Are you thinking about a plan to purchase a property, list it on VRBO or AirBNB, and watch the money roll in.  They say short-term rentals, often called vacation rentals, will be a breeze.  While short-term rentals do ear owners 30% more than long-term rentals, there...

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Property Taxes

Property Taxes

Turns out that the old adage about death and taxes being the only sure things might be true – but with caveats.  Property tax payments are due soon, so let’s shed a bit of light on this burden. Property tax makes up about 30% of our state and local taxes and is the...

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Remodeling Cost vs. Value

Remodeling Cost vs. Value

Remodeling Magazine’s “Cost vs Value” report uses figures fathered from survey responses from thousands of Realtors and from RemodelMAX, a publisher of remodeling cost estimating tools.  This effort is coordinated by The Farnsworth Group. Two takeaways for any...

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Guide to your Home Equity

Guide to your Home Equity

Harness the Power of Home Equity for a Secure Financial Future What is Home Equity?  Home equity is the difference between what your home is worth and the amount you owe on your mortgage.  For example, if your home would currently sell for $450,000 and the balance of...

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Staging your Home for Sale

Staging your Home for Sale

A few hours of work can mean more money in the sale of your home.  A well-staged home can make people feel more comfortable and at home.  This will likely support your asking price or more.  The more attached to the space, the more the potential buyer will likely make...

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Homebuyers and the Red Hot Market

Homebuyers and the Red Hot Market

Some homebuyers have put their homebuying plans on hold.  They should return this year.  It should be better this year than last to purchase a home.  Three Things Homebuyers Need to Know  The market is easing up for homebuyers.  The Common Haus Price Index tracks and...

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Renting vs. Homeownership

Renting vs. Homeownership

Homeownership offers many advantages over renting: Stable Living Environment Predictable Monthly Payments Freedom to Make Modifications Neighborhoods with high rates of homeownership have less crime and more civic engagement.  Studies show that homeowners are happier...

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2022 Real Estate Predictions

2022 Real Estate Predictions

Thinking of selling your home this year?  This might be the perfect chance to list your property.  Three Reasons Why Supply is still lacking. Two major trends that we noticed in 2021 were a low supply of homes for sale and supply chain issues.  Experts predict that...

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October Home Price Update

October Home Price Update

DEAR FRIENDS AND CLIENTS, Fall is here, and as the weather begins to cool, so does the real estate market.  We’re still very much in a seller’s market, but the incredible rate of appreciation we’ve been experiencing has started to slow.  But home prices are still...

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Real Estate Advice for First Time Sellers

Real Estate Advice for First Time Sellers

If you’re selling a home, you already have some experience buying in the real estate market.  That experience will come in hand.  But you may be new to selling and need some tips on how to go about it.  Here are some ways to make the selling process go more smoothly,...

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Costs of Selling a Home

Costs of Selling a Home

As hectic as it sounds, this market presents great opportunities for homeowners to get top dollar for their property.  But just because options are slim and demand is high, doesn’t mean you can simply put your home on the market and expect it to get a maximum price. ...

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Strong Growth Could Cool Market

Strong Growth Could Cool Market

Buyers are seeking out homes in some of the least expensive neighborhoods in the country.  Areas with a median home price below $100,000 have seen a 42% jump in home value over the last three years. The only drawback is that this shift may keep some lower-income...

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10 Money-Saving Household Tips

10 Money-Saving Household Tips

Your house gives you so much:  security, pride, shelter.  It’s easy to assume the costs of keeping it up are just what they are, but there are plenty of expenses that can be a waste.  Here are some tips for saving money each month with out putting your home value at...

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Half as Many Houses Available

Half as Many Houses Available

According to Realtor.com’s Monthly Housing Trends Report, prospective buyers shopping today have 52% fewer homes to choose from than at this time last year. This supply crunch translates to a record median list price of $370,000 (15.6% higher than one year ago). The...

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Retaining Some Inspection Contingency

Retaining Some Inspection Contingency

In today’s competitive market, buyers are often waiving their offer’s contingency on inspection. Some realtors report using other options for this bargaining chip that won’t leave the buyer open to bigger issues with the home. An example is rather than skipping an...

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Americans Prefer Real Estate to Stocks

Americans Prefer Real Estate to Stocks

In a survey conducted by the Federal Reserve Bank of New York, 90% of people would rather invest their money in buying a home than in the stock market. Those surveyed cited the stability of housing as the deciding factor in their preference. Source:...

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