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The Dramatic Rise In Mortgage Rates

Posted by Aurora Trevino // December 27, 2016 // Blog // housing market updates

Dramatic Mortgage Rate In

The rise in mortgage rates was considerable, but no one should be all that alarmed, nor fear that the housing market will come to any kind of abrupt standstill. After all, rates are only about where they began 2016, and all expectations at that time were that the housing market would be doing fine. It […]


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Posted by Aurora Trevino // December 23, 2016 // FSBO's / Sell A House

Some Highlights: November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and […]


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The Fed Raised Rates: What Does that Mean for Housing?

Posted by Aurora Trevino // December 22, 2016 // Blog // first time home buyers / for buyers / interest rates / move up buyers

Fed Raised Rates

You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the […]


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2 Tips to Ensure You Get the Most Money When Selling Your House

Posted by Aurora Trevino // December 19, 2016 // FSBO's / Sell A House

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below). 2 Tips to Ensure You Get the Most Money When Selling Your House | Simplifying The Market Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house. Realtor.com, gives this advice: “Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.” 2. Use a Real Estate Professional This too may seem counterintuitive. The seller may think they would net more money if they didn’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional. Research posted by the National Association of Realtors revealed that: “The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.” Bottom Line Price your house at or slightly below the current market value and hire a professional. That will guarantee you maximize the price you get for your house.

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, let’s look at this […]


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Why You Shouldn’t Take Your House Off the Market During the Holidays

Posted by Aurora Trevino // December 15, 2016 // Sell A House // for sellers / housing market updates

If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now! The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale has […]


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Building Your Family’s Wealth Over the Next 5 Years

Posted by Aurora Trevino // December 13, 2016 // Buy A House / Featured // first time home buyers / for buyers / move up buyers

Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a […]


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Will Increasing Mortgage Rates Impact Home Prices?

Posted by Aurora Trevino // December 8, 2016 // Blog // estate / finance / first time home buyers / for buyers / housing market updates / interest rates / market / mortgage / move up buyers / pricing

Mortgage Rates

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able […]


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Selling in the Winter Attracts Serious Buyers

Posted by Aurora Trevino // December 7, 2016 // Buy A House / Sell A House // for buyers / for sellers / real estate / winter

selling in the winter

A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close. It’s […]


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When Is a Good Time to Rent? Not Now!

Posted by Aurora Trevino // December 6, 2016 // Buy A House // first time home buyers / for buyers / housing market updates / move up buyers

when is a goo time to rent

People often ask if now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is […]


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4 Reasons to Buy Your Dream Home This Winter

Posted by Aurora Trevino // December 5, 2016 // Buy A House // first time home buyers / for buyers / move up buyers

4 Reasons to Buy Your Dream Home This Winter

As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring! 1. Prices Will Continue to Rise […]


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