Locke Associates Real Estate Blog
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Although the market is hot, and homes are selling quickly, it is still important to make a good first impression on potential buyers. Starting with price.
Pricing is crucial, as it is one of the first things buyers will notice. If you price your home right, it’ll draw attention from competing buyers. If you price too high, it could put you at a disadvantage by discouraging prospective buyers from making an offer.
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The housing market is having a great year, and it sure is still a seller’s market. However, it is still a great time to buy. The number of homes for sale is steadily increasing, and more listings are coming to market each day which allows for more options for buyers.
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With rent prices continuing to soar, many renters want to know if home ownership is in the cards. Rising rental costs make it seem impossible to prepare for homeownership, however, there are ways you can prepare to purchase your first home.
Start with your finances and get your credit in order. Look at your overall finances and credit score. This will allow you to look for ways to reduce your debt. Make sure you reduce debt as much as you can, pay your bills on time and use credit accounts responsibly.
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Cyberattacks are a common way for identity thieves to access your personal information. Understand how these attacks happen so you can prevent them!
How do cyberattacks happen?
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When you are a first-time home buyer, sometimes you must think outside the box, especially with a competitive market like the one we are in today.
If you are having trouble finding your first home, here are a few tips and tricks to consider.
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When supply is low and demand is high, prices naturally rise and that’s what’s happening in today’s Real Estate Market. Home prices are continuing to appreciate at near-historic rates, which creates challenges when it comes to home appraisals.
In the last few months, it’s become increasingly common for an appraisal to come in below the negotiated contract price. This difference is known as the ‘appraisal gap.’
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As we enter the second half of the year, one thing is clear; the current Real Estate Market is one for the books. In 2020, the number of homes available to the marketplace fell to an all-time low and continued into the first half of 2021. However, in the last few months, more inventory is starting to enter the market for sale each day. This is good news for buyers that haven’t found the home that fits the bill yet.
Even though homes are coming up for sale each day, inventory remains a challenge in most states. With the lack of inventory coupled with high demand, high buyer competition and bidding wars are still a factor. Buyers are going above and beyond to make sure that their offer stands out from others.