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4 Myths About Comps

Posted by Anna Jotham on August 21, 2017 in No Category
Ah, the complexity of comps. In college, comps are stressful final exams. In restaurants, to “comp” something means to give it away to a customer, usually because of a fly in the soup. In real estate circles, comps, a shortened term for comparable sales, ultimately provide guidance for the list price and potentially for the mortgage too. To determine comps, an agent looks at similar properties that have recently sold in your area. An appraiser will do the same. As you seek to understand how comps affe... read more
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Why Every Home Buyer Needs Title Insurance

Posted by Anna Jotham on August 09, 2017 in No Category
Real estate agents often become the go-to person for buyers’ questions—especially first-time buyers and people relocating to the area. What do you think I should offer? Which lender do you recommend? How quickly can I close?   Oftentimes, however, home buyers don’t think to ask about title insurance. They don’t think about all the potential issues that may botch their purchase. That’s why it’s up to agents to advise their clients on title insurance and highly encourage it ... read more
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5 Home Buying Tips

Posted by Anna Jotham on July 24, 2017 in No Category

Are you on the market for a new home? Check out five home buying tips from five of our local real estate agents. Great information, worth your time!

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Mortgage Rate Forecast for Last Half of 2017

Posted by Anna Jotham on June 28, 2017 in No Category
So far in 2017, mortgage rates have remained flat or lowered. While most market analysts predicted higher interest rates by now, some surprise factors have kept the numbers low. This is great news for home buyers, but the second half of the year can bring about a rise in mortgage rates. On one hand, the economy is strong, and unemployment is low. Low unemployment means more buyers in the market, which almost inevitably leads to higher interest rates.  On the other hand, failed healthcare legisl... read more
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Q&A: How can I get ahead of other buyers?

Posted by Anna Jotham on June 26, 2017 in No Category
It seems that as soon as a home in our price range goes on the market, it's sold. How can I get ahead of other buyers? The seller’s market continues to run hot, with lower supply and higher demand. That’s great news if you’re a seller, but getting into a new home as a buyer can be a challenging process. Adopt a few important strategies to get the home you want. 1.       Find a good agent. This is your number one tactic. A good real estate agent has an... read more
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