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2023 Real Estate Market Outlook (And What It Means for You)

Last year, one factor drove the real estate market more than any other: rising mortgage rates.  In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately...

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3 Solid Reasons to buy a home

3 SOLID REASONS TO BUY A HOME THIS SUMMER

Why would anyone want to spend their summer looking for a new house? Here are 3 solid reasons why it makes sense to find your perfect home THIS summer. There are many different types of buyers and buyers in many stages of the home searching and buying process. Maybe you searched for most of 2021 and into 2022 and either couldn’t find your perfect home or got outbid by the competition? Maybe you have been passively searching online and waiting for the right time? Are you just starting the process? Whatever...

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7 Costly Mistakes Home Sellers Make (And How to Avoid Them)

No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling into a new place. Almost all sellers want to make the most money possible.  Whatever your circumstances, the road to the closing table can be riddled with obstacles — from issues with showings and negotiations to inspection surprises. But many of these complications are avoidable when you have...

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5 Ways to Write a Winning Offer in Today’s Real Estate Market

Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1 Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market. Yes, a high offer...

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New Build or Existing Home: Which One Is Right for You?

Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1 Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand.2 Given the limited number of available properties, if you’re a buyer in today’s market, you may need to expand your search to include both new construction and resale homes....

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Negotiations

10 Steps in Buying a Home: Part 6-Negotiating Towards Ratification

10 Steps in Buying a Home: Part 6-Negotiating Towards Ratification Negotiating aspects This is the point in the 10 Steps in Buying a Home where you really find out what your true commitment is to buying this house! Do you want this house more then the other buyers who have submitted offers? There are several terms and conditions written into your offer in addition to price. The seller and their agent consider the terms of all offers and weighs them with the price to find the very best offer....

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10 Steps to Buying a Home – Step 5 The Offer

10 Steps to Buying a Home – Step 5 The Offer Making an offer When do you know you are ready to make an offer on a home? Pre-approval from lender – Check! Private home tour with agent – Check! You may look at 3 homes or 20+ homes before finding one that speaks to you, matches your needs/wants and is within your budget. Remember that finding the perfect home for you is a process and each buyers’ process is as unique as they are. We are currently experiencing...

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Marin Real Estate

10 Steps in Buying a Home – STEP 4: Preview Homes

10 Steps in Buying a Home – STEP 4: Preview Homes Congratulations! You are now ready to get in your Realtors car and start down that path of finding your next perfect home! You’ve made it through the pre-approval process which is a difficult step and now you will be rewarded with a customized tour of homes that match your budget and hearts desires. Shopping for a house Buying a home is a process and that process is as unique as you are so first step is to disregard...

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10 Step Home Buying Guide

10 Step Home Buying Guide 10 Step Home Buying Puzzle resolved Launching into the home buying process can be daunting and may feel like one of those crazy jigsaw puzzles you tackled as a kid. So many pieces - where do I start? This 10 Step Home Buying Guide, in the next 11 posts, will ease your mind. Following will be a step by step guide to propel you from start to finish and get you into your next home! Whether you are a first time home buyer, getting...

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