Category: For Sellers

What Fixes Are Mandatory After a Home Inspection?

If you’re selling your home, you might wonder if there are common repairs needed after a home inspection. Most buyers, after all, won’t commit to purchasing a place until there’s been a thorough inspection by a home inspector—and rest assured, if there are problems, this professional will find them!

So if your home inspection turns up flaws that your home buyer wants fixed, what then? To be sure, repair requests after an inspection are a hassle, and liable to cut into your profits. So for starters, make sure to read your inspection contract carefully to make sure you don’t get locked into mending something you don’t want to fix.

Read more HERE

Today’s Insane Seller’s Market—and How To Survive It

Home sellers have a right to feel optimistic, even bullish, about selling a house today: Demand is sky high, and with record-low levels of homes for sale, hordes of eager beaver buyers will do just about anything to get their hands on your place.

Curious about what dangers might be lurking amid all these cutthroat buyers battling to outbid one another for your house? Here are a few key things buyers are doing today that could cause problems for sellers—and how you can sidestep these potential pitfalls.

Rate Hikes in 2023 Could Affect Today’s Housing Market

In a vote of confidence in the nation’s strengthening economy, the majority of the Federal Reserve members now anticipate raising the interest rates twice in 2023. And while this wonky monetary projection may sound like a long way off, it could have a real impact on today’s overheated housing market.

In response to the news, mortgage interest rates could tick up a little in response. This could result in the scorching-hot and ultracompetitive real estate market softening just a touch.

Read more HERE.

Post-Pandemic Housewarming Gift Ideas

whole lot of people have moved in the past year—you probably know a few who have recently purchased a new home or are settling in to a new apartment. And if they plan on hosting a housewarming party to celebrate their new pad, it’s only natural for guests to want to bring a gift.

But before you bust out that baking sheet to make a batch of your famous welcome-to-the-neighborhood cookies, think twice. In this not-quite-post-pandemic period, housewarming gifts that were once considered appropriate may no longer be a good idea. Instead, think of gifts that pose no risk of spreading germs or promote sanitary practices in the home.

Read more HERE.

Millennial Military Veterans Fuel Demand for VA Loans

Millennials—people between the ages of 25 and 40—are a force in the overall housing market, but may be even more so among veterans. Millennials accounted for 50% of all Veterans Affairs–backed purchase loans in 2020, according to data from Veterans United.

VA loans require no down payment. As home prices rise, that frees up buyers to save enough to cover 1% to 5% in closing costs.

Also, millennial vets may be purchasing in higher-priced areas as they take advantage of historically low interest rates.

Read more HERE.

Think Home Prices Have Gone Crazy Since the Pandemic?

Just about everyone knows it’s not a great time to be a home buyer right now. Thanks to the extreme inventory shortage, competition is fierce—and home prices have shot up by double digits since the beginning of the COVID-19 pandemic. It’s crazy. Could anything be harder to buy these days?

Well, yes, actually. Those who think the housing market is tough these days should try getting a puppy.

The run-up in home prices inspired Realtor.com® to look at how much prices on a variety of everyday things have changed since the world first went under lockdown. And we quickly confirmed that it wasn’t just home prices that shot up wildly over the past year.

Read more HERE.

Gordon Group Gazette – May 2021

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