Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey
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When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough […]
Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey Read More »
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The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale […]![\"Homes](\"https://files.simplifyingthemarket.com//wp-content/uploads/2020/01/10140145/20200115-KCM-Share-549x300.jpg\")
There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.![\"2020](\"https://files.simplifyingthemarket.com//wp-content/uploads/2020/01/13142821/20200115-KCM-Share-1-549x300.jpg\")
By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is […]![\"There’s](\"https://files.simplifyingthemarket.com//wp-content/uploads/2020/01/08105643/20200109-KCM-Share-549x300.jpg\")
If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com/ Senior Economist George Ratiu recently noted, “Sellers tend to be more reluctant to list during the colder time of year when the market typically makes […]![\"Big](\"https://files.simplifyingthemarket.com//wp-content/uploads/2020/01/03153307/20200107-KCM-Share-549x300.jpg\")
Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different. Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year. “We expect […]![\'Why](\"https://files.simplifyingthemarket.com//wp-content/uploads/2019/12/16145251/20191230-KCM-Share-549x300.jpg\")
Rising home prices coupled with the current inventory in today’s market may cause some homeowners to consider selling their homes on their own (known in the industry as a For Sale By Owner). However, a FSBO might be hard to execute well for the vast majority of sellers. Here are the top 5 reasons not […]![\"When](\"https://files.simplifyingthemarket.com//wp-content/uploads/2019/12/16115351/20191224-KCM-Share-549x300.jpg\")
We talk a lot about why it makes financial sense to buy a home, but more often than not we’re drawn to the emotional reasons for homeownership. No matter the size or shape of a living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a […]