Tuesday, December 13, 2022 / by Elisha Hardy
At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.
An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 35% below the housing supply we had at that time.
Opportunity #1: Take Advantage of More Options for Your Move
If your current house no longer meets your needs or lacks the space and features you want, this inventory growth gives you even more opportunity to sell and move into the home of your dreams. With more houses ...
Wednesday, April 6, 2022 / by Jessica Hersom
Buying a home is a big moment for everyone. If this is your first time buying a house in Bangor, you may feel like you’re in over your head. There are so many properties to see, so many aspects to think about, a lot of moving parts and unknown information. That can make your property search disorganized and exhausting.
But there are ways to stay organized, even in the midst of the busiest, most chaotic time of your life. Most people have been using online property search solutions to help them stay on top of the growing list of properties they’re viewing, but a realtor is also an invaluable help. As long as you have a clear list of the things you’re looking for and what your deal-breakers are, you can make your search easier and more relaxing.
1. Know What You’re Looking For
If you start looking haphazardly, that’s a surefire way to start out on the wrong foot and get extremely overwhelmed. You don’t even know what you’re looking for. Tha. ...
Wednesday, February 9, 2022 / by Jessica Hersom
Nothing says “I love you!” like a bit of home maintenance, am I right? If a little pre-spring cleaning is your jam like it is mine, now is the perfect time to get a head start.
To help, here’s a February home maintenance checklist sure to get your juices flowin’:
Freshen indoor paint on walls, cabinets, doors, and trim.
Clean and reorganize your laundry room, so it’s clutter-free and more efficient.
Clean the air duct that connects the back of your dryer to the outside vents.
Clean the refrigerator condenser coils at the back or on the bottom of the appliance.
Clean the range hood filter and fan.
Clean and degrease kitchen cabinets.
Clean garbage disposal by running it with crushed ice to sharpen, then with baking soda and citrus peels.
Vacuum the box springs and the mattress top and bottom. Rotate or flip the mattress.
Check caulking and grout around sinks, showers, and tubs
Inspect the roof (with a friend’s help holding the ladder) f. ...
Wednesday, February 9, 2022 / by Jessica Hersom
Don’t Let Student Loans Delay Your Homeownership Dreams
If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve paid off your student loans before you can buy your first home? Or could you qualify for a home loan with that debt?
To give you the answers you’re searching for, let’s take a look at what recent data shows. That way, you know what to expect and what to do next to achieve your dream of becoming a homeowner. While everyone’s situation is unique, your goal may be more within your reach than you realize.
Do you have to delay your plans because of student loans?
If you’re worried your student loans mean you have to put your homeownership goals on hold, you’re not alone. In fact, many first-time buyers believe they have to delay their plans. According to data from the National Association ...
Friday, June 25, 2021 / by Jessica Hersom
When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re ready to make an offer.
1. Know Your Numbers
Having a complete understanding of your budget and how much house you can afford is essential. That’s why you should connect with a lender to get pre-approved for a loan early in the home buying process. Taking this step shows sellers you’re a serious, qualified buyer and can give you a competitive edge in a bidding war.
2. Brace for a Fast Pace
Today’s market is dynamic and fast-paced. According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for . ...