Every type of business dealing has its own specific vocabulary, and this is no less true for buying a home. Of nearly 1,500 Australians surveyed, 43% considered themselves confident financially, but 70% did not know the meaning of comparison rates, 49% were unaware of the meaning of equity, and 41% were incapable of explaining the meaning of refinancing. For those about to buy a home, knowing the terms is essential.
When it comes time to sell your home, there is no time that is right for everyone, but there is a best time in every market. Traditionally, listing your home in the spring will garner you the most interest, but the exact time of spring is different in every market. In addition, spring is not always the best time to list a home in every market. Here are three things to consider when deciding when the best time to sell your home is.
Buying and selling a home is one of the most important financial decisions a person will make in their life. As if purchasing a home or selling their current home isn’t enough pressure, finding the perfect real estate agent can also add additional stress. People are looking for more than just someone with a real estate license. They are looking for someone who protects their interests and helps them navigate the complexities of the entire process.
As with any business, property investment requires a strategy in order to see the best returns. Property is an excellent investment option but sometimes a strategy needs to be reevaluated if it is not working. Rethinking property investment strategies when necessary is key for any investor.
Millennials hold a lot of power and influence in America alone. These trendsetters also have $200 billion in annual buying power, and when it comes to owning a home, millennials are considering certain hot real estate markets for 2019 despite rising mortgage rates and housing prices. Many of them are finally ready to jump in and set down roots in communities where there are a strong economy, great job growth, and affordable housing.
While technology has been changing the way we buy our clothes, do our banking, order a taxi and just about everything else, until recently little had changed in the world of home buying. Just a couple of years ago, a millennial’s recent purchase of their first home would have worked remarkably similar to their boomer parent’s home purchase 30 years ago.
The population of any state generally has a direct impact on their economic picture. The larger the population, the more taxes that can be collected, which results in a better infrastructure, which can, in turn, support a larger population. While the residents of many states may complain when they get a sudden influx in population, the truth is, an increase in population is a good thing for almost any state.
Jim Eischens shares his branding video on housing market predictions.