Home Amenities Likely to Grow in Demand

#energyefficiency #bobwert #remax #homesforsale Certain amenities that home buyers now consider “nice-to-have” may soon move into the “must-have” category in the coming years. Better Homes and Gardens Real Estate on its Clean Slate blog post recently featured three amenities that are … [Read more...]

2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. … [Read more...]

Buying a Home Remains 35% Less Expensive than Renting!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in … [Read more...]

New Homes Are Getting Bigger, Again

Let #bobwert #remax Help You Find #therighthome The average single-family home increased in size at the beginning of this year, showing the desire among buyers for more space, according to the National Association of Home Builders. The upsizing trend runs counter to last year, when the increase … [Read more...]

Mortgage Rates Move Lower Again

Fixed-rate mortgages inched lower again this week, lowering borrowing costs for home shoppers and refinancers. Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 30: 30-year fixed-rate mortgages averaged 4.32 percent, with an average 0.7 point, … [Read more...]

Sales Prices – Get it right the first time

Are there undesirable effects from changing the listing price of a home? Findings seem to indicate that, on average, properties that undergo a listing price change take longer to sell and experience pricing discounts greater than comparable homes. Likewise, homes with price changes are found to go … [Read more...]

Things you need to know from your Listing Agent

Are you thinking of selling your home? Are you dreading having to deal with strangers walking through the house? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of selling. A great agent is always worth more than the … [Read more...]

Do-Nots Before Buying a Home

Lenders will review loan packages prior to approval and the main factors they are concerned with are the source of funds for down-payment and closing costs. Almost certainly, they will ask for the last two or three month statements of assets. These include checking accounts, savings accounts, … [Read more...]

Determining how much home you can afford, with Debt to Income Ratios

Lenders determine maximum mortgage amounts using guidelines titled debt-to-income ratios. They calculate it by using a percentage of your monthly gross income, before taxes, that is used to pay monthly debts. There are two calculations, a "front" and "back" ratio, written for example in the … [Read more...]

Predictions for 2014: Interest Rates Will Increase Significantly

Most experts are calling for an increase in mortgage interest rates in 2014. However, we believe the increase will be more dramatic than is being projected. We believe rates will be closer to 6% than 5% by year’s end. The Fed announced last month that they would be pulling back some of their … [Read more...]