WestSound Live! http://westsoundlive.com Sponsored by Homefront Realty Thu, 20 Jul 2017 10:00:12 +0000 en-US hourly 1 https://wordpress.org/?v=4.8 84% of Americans Believe Buying a Home is a Good Financial Decision http://westsoundlive.com/84-of-americans-believe-buying-a-home-is-a-good-financial-decision/ http://westsoundlive.com/84-of-americans-believe-buying-a-home-is-a-good-financial-decision/#respond Thu, 20 Jul 2017 10:00:12 +0000 http://westsoundlive.com/84-of-americans-believe-buying-a-home-is-a-good-financial-decision/ 84% of Americans Believe Buying a Home is a Good Financial Decision | Simplifying The Market

According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

  1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
  2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
  3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth
  4. Homeownership means a stable and predictable monthly mortgage payment
  5. Homeownership allows for various deductions on federal, state, and local income taxes

The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

Bottom Line

Homeownership has always been and still is a crucial part of the American Dream.

Source: Real Estate with Jo Soss

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3 Tips to Succeed in Today’s Real Estate Market http://westsoundlive.com/3-tips-to-succeed-in-todays-real-estate-market/ http://westsoundlive.com/3-tips-to-succeed-in-todays-real-estate-market/#respond Wed, 19 Jul 2017 10:00:23 +0000 http://westsoundlive.com/3-tips-to-succeed-in-todays-real-estate-market/ 3 Tips to Succeed in Today’s Real Estate Market | Simplifying The Market

In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.

The 3 tips we are going to expand on today come from a recent blog by Trulia entitled, The Skinny on Skinny Inventory. 

1. Be Prepared

“Homebuyers should talk with a lender, real estate agent, and a home inspector BEFORE finding a home to make an offer on.”

Being intentional, pre-approved, and prepared will set you up for the accelerated time tables that come with a highly competitive market. If you are the most prepared buyer interested in a home, if you have already secured financial approval, and if you are ready to move fast, your bid will be that much more attractive to a seller.

2. Think Strategically

“Starter homebuyers don’t have a home to sell and can be flexible on closing dates compared to homebuyers who are also trying to sell at the same time.”

If you are one of the many first-time buyers looking for your dream home, know that being strategic and flexible about closing dates can also help your offer stand out from the rest. But don’t fret if you are a homeowner who will also have to sell your own house first – be upfront about your timeline with your agent and with any offers you make.

3. Seek Out the Ugly Ducklings

“Buyers might consider looking for homes that have been on the market for a while and investigate why. The reasons may be a deal-killer but all it takes is one ugly duckling to turn into a swan.”

Finding a fixer-upper or a home that needs a little love might be your best way to guarantee that you are able to find a home in the neighborhood that you want. The worst house on the best block will go for a steal and offer instant equity once you fix it up!

Bottom Line

In today’s market, full of bidding wars and tough competition, finding ways to stand out from the rest by getting creative will improve your chances of having a home to call your own.

Source: Real Estate with Jo Soss

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