Category: Buying a Home
Key takeaways: If you have the means, now may be a good time to buy a house. The median U.S. home sale price hit $435,000 in October, following 16 months of year-over-year gains. Daily average mortgage rates topped 7% and... Read More
When you decide to sell your home and sign an agreement with an agent, one of the first things your agent will do is list your home on the Multiple Listing Service (MLS). The MLS is... Read More
One common question buyers ask when entering the real estate market is whether they are responsible for paying their agent. Traditionally, many sellers have covered both the buyer’s and seller’s agent commissions, but recent changes in the real estate industry... Read More
Signing a contract with a real estate agent is an important step, whether you’re buying or selling a home. It formalizes your working relationship, outlines expectations, and gives the agent the right to represent you. But what happens if you’re not happy with the partnership? Can you back... Read More
When you’re buying a home, one of the most important pieces of the puzzle is working with a real estate agent to guide you through the process. But how do these agents get paid, and who is responsible for covering their fees? This is where buyer agency compensation... Read More
Key takeaways: The Fed just lowered their interest rate benchmark by 0.5%, which may be good news for homebuyers waiting for lower mortgage rates. If you want to beat the competition, now is a great time to buy a house. Daily average mortgage rates... Read More
When buying or selling a home, understanding real estate commissions is essential. These fees, typically a percentage of the final sale price, compensate agents for their services in guiding you through the process. However, contrary to popular belief, real estate commissions aren’t set in stone and can be... Read More
A buyer agency agreement outlines the formal relationship between a homebuyer and their real estate agent. But is it something you really need, and how does it impact your home search? With the recent National Association of Realtors (NAR) settlement, which took effect on August 17, the way... Read More
As we move through the second half of 2024, the housing market has experienced notable changes, leading many people to ask “Should I buy a house now? Or should I wait?” Mortgage rates have recently dropped to their lowest since April 2023, but home prices remain high, and... Read More
The short answer to the question “Are mortgage rates dropping?” is yes. On August 5th, daily average 30-year fixed mortgage rates dropped to 6.43% which is the lowest since April 2023. For home buyers, this poses a great opportunity to enter the market after over a year of... Read More
When it comes to finding the right balance between saving, spending, and investing, one of the biggest questions many people face is how much of their income should be allocated to their mortgage. It’s a decision that impacts your overall financial health and well-being. While there’s no... Read More
When you’re in the market for a mortgage, you might come across the term “mortgage points” and wonder if they’re worth your investment. Mortgage points, also known as discount points, can be a bit confusing, but understanding them can help you make a more informed decision about your... Read More