Mortgage rates have subtly shifted this fall, which could be improving affordability. National listing prices historically dip between early October and mid-month, averaging about 3.4% below their seasonal peak, according to realtor.com®. That could mean savings of about $15,000 on a median-priced home this fall. Meet with a lender to review your income, credit score, […]
Spring and summer often take the title as the peak home-buying seasons, but savvy shoppers know fall can offer great opportunities. A new study confirms it: Mid-October will be the hottest time of year for buyers, according to realtor.com®’s “2025 Best Time to Buy Report.” Researchers are basing that prediction on seasonal patterns and data from 2018 […]
When selling your house, you might get multiple offers depending on your market. If you’ve collaborated with your agent, you’ve likely positioned yourself to receive attractive bids. Your agent will review each offer with you to determine which is best for you. To get the best deal for you, you’ll likely have to do some negotiating. Your […]
When selling your house, working with your agent is crucial. Your agent brings the right mix of industry expertise and knowledge of your local market to the table. To understand whether your agent is pricing your home properly, read through each of the steps below. Use what you learn about your home’s fair market price […]
Everything has value. Especially your home. And when it comes to selling your home, assigning a price to that value is complicated. You made memories there. You’ve got a major financial interest in the place, too. Buyers might think of value, but they’re more concerned about price. And your home’s price is one of its […]
When shopping for a home, buyers look at countless listings online. The best-marketed homes have beautiful photos and compelling property descriptions, so they can get likes, which can amount to buyer interest, on social media. Agents may also use videos, virtual tours, texts, and audio messages. Before selling, it’s time to consider how to promote […]
First things first when selling your home. You need to know what you (and your partner) want in order to sell your home with minimum frustration. Why are you moving? What do you expect from the process? When should you put that “For Sale” sign in the yard? You need to organize your thoughts and […]
During the preapproval process, prospective home buyers should avoid making any significant changes in their personal finances, like opening new credit cards or taking out loans. It can affect your credit score and DTI ratio. Making a large purchase, like a car, can also affect your DTI, as well as cash reserves if using cash […]
During the preapproval process for a mortgage, you might wonder what do the lenders consider. The process for getting preapproved can vary from lender to lender. Typically, a lender will review information about the applicant’s financial status to determine their qualifications, which can include items such as income, job history, monthly bills, and expected down […]
Here are the primary steps you need to take when you apply for a mortgage: Initial application: You’ll contact a lender and provide basic financial information. Document collection: You’ll provide requested documents like pay stubs and bank statements. Credit check: The lender will pull your credit report — revealing your credit score and credit history — as as […]
