Home Renovations That May Not Be Worth It Not every improvement made to a house will ultimately raise its value. Homeowners who are looking for projects that will pay back at resale would be smart to consult a local real estate professional to determine whether the project they have planned would help boost their home’s value.
Real estate professionals see a lot of dumb reasons why home buyers ultimately end up losing out on a deal. Practitioners recently shared some of the more common mistakes with realtor.com®, including ways to correct the situation: 1. Shopping outside their price range. “It sounds obvious, but some home buyers just have trouble sticking to
Your buyers may soon be able to bring less to closing. They were blamed for precipitating the housing crisis years ago, but major lenders are giving no- and low-down payment loans another shot. Read more: The Big Down Payment Myth Several major lenders are reportedly offering loans with just 1 percent down. Navy Federal, the nation’s
Homeowners feel like their homes are worth more than what appraisers say they are, and the gap between the two estimated values has grown for the sixth consecutive month, according to Quicken Loans’ National Home Price Perception Index. Read more: Owners, Appraisers Aren’t Seeing Eye-to-Eye Appraised values were, on average, 1.93 percent lower than what homeowners expected, according
A home’s price is based on many factors that can’t be changed, such as location, square footage, and age. While these fixed factors may seem like an end-all-be-all, you can present your client’s home in other ways that may add perceived value for buyers. A full overhaul or shiny new kitchen are not the only options —
National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade, according to the April Zillow® Real Estate Market Reportsi. The median home value in the U.S. is now $198,000, 1 percent higher than peak value hit in 2007. Home values across the country rose 7.3
Engineering college majors can become homeowners in the shortest amount of time compared with those who earned other college degrees, according to a realtor.com® analysis. Engineering majors become homeowners, on average, in 2.6 years following graduation. Petroleum engineering majors earn a starting salary of $96,700, according to Payscale.com. The study estimates that they can, therefore,
In competitive housing markets across the country, making an offer that sticks has become increasingly difficult. Ensure your client doesn’t make the process even tougher by succumbing to one of these common mistakes. Delaying “Time kills deals,” says Andrew Sandholm of BOND New York Properties in New York. “Dragging your feet means you could wind up