Category: buying faq
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
As the real estate landscape changes, sellers now have more opportunities to decide how to handle agent commissions, particularly when it comes to paying a buyer’s agent. While these costs have always been negotiable, recent changes in the industry... 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
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
Are you buying or selling a home? Then you might be wondering: “Who pays the real estate agent?” Traditionally, this cost has been shouldered by the seller, but recent changes have brought new dynamics into play. The National Association of Realtors (NAR) and... Read More
Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. In early August 2024, interest rates dropped to 6.34%, their lowest... Read More
There are important changes happening in the real estate industry this month. The National Association of Realtors and multiple listing service (MLS) have implemented new rules about how real estate agents communicate about real estate fees. The changes provide greater... Read More
Key takeaways: If you want to beat the competition, now is a great time to buy a house. Daily average mortgage rates hit a 14-month low of 6.34% on Monday, giving buyers thousands of dollars in buying power. Don’t wait to... Read More
You need to make nearly $90,000 annually to afford a starter home. Minneapolis, MN, is known for its gorgeous lakes, abundant outdoor recreation, deep history, and snowy winters. In addition to being a cultural hub and unique place to live, Minneapolis is also home to a... Read More