Tagged : For Sale By Owners
When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough for buyers to land their dream homes – unless they stand out from the crowd. Here are three reasons why pre-approval should be your first step in the homebuying process.
1. Gain a Competitive Advantage
Low inventory, like we have today, means homebuyers need every advantage they can get to make a strong impression and close the deal. One of the best ways to get one step ahead of other buyers is to get pre-approved…
408 Kelsey St, Elkton, SDGet Directions Click Here
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$ Click for current price
3 BEDROOMS | 2 Baths (1 full, 1 half ) BATHROOMS | 2064 SqFt
ROOM FOR EVERYONE! As you pull up to this 2 Story home, you will first notice the large corner lot, and outlined with a fenced in back yard. The 24x28, 2 Stall garage is big enough for 2 cars and storage. As you walk in the home, the large picture window in the living room lets lots of natural light in. The Dining Room and Kitchen are open so you can entertain in the dining room, or have breakfast on the breakfast bar. The lower level is partially finsihed and waiting for your finishing touches.…
We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner.
The news caused concern among consumers. This is evidenced by a recent survey done by realtor.com that shows 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur by the end of this year.…
Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home.
Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at an average of 3.8% for a 30-year fixed-rate loan.
The combination of leveraging your growing equity and capitalizing on low rates could make a big difference in your housing plans this year.
How to Use Your Home Equity
For move-up buyers, the typical pattern for building financial stability and wealth through homeownership works this way: you buy a house and gain equity over several…
Every Monday Morning at 8:15am, join me on my Facebook page as I sit down with a local lender, and do a live interview and talk about a Mortgage Tip that may help YOU with your next Real Estate Purchase.
This morning I sat down with Stephanie Murray from Dacotah Bank. Listen as Stephanie talks about home equity and how that may work for you. You can reach her at 605.692.8600 or firstname.lastname@example.org Her office is located at 1441 6th St., Brookings SD 57006 or on the web at https://www.dacotahbank.com/brookings