What you don’t know can cost you time and money when it comes to selling your house. The best source of information is your real estate agent, and we’ve put together a growing list of helpful resources about the home selling process. When you’re ready, call Team Garcia NYC at 646-779-7200 to discuss how we can help sell your house.
One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes
Mortgage rates have stayed below 3% for most of 2021, in part because of aggressive monthly asset purchases by the Federal Reserve The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending on August 26, according to mortgage rates data released Thursday by Freddie Mac‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%.
High home prices are also contributing to drag on new construction Housing starts in the U.S. fell 7.0% in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home, prices are shutting out scores of buyers. The U.S. Commerce Department‘s Census Bureau said housing starts dropped to a seasonally
In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market.
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens
When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper
After closing on your new home comes the excitement of planning where to put all your belongings. Which room is right for your comfy recliner? Which will be best to feature your favorite piece of artwork? Before you start unpacking your belongings, there are several tasks you should consider completing before moving day. These jobs
It is a process where a homeowner sells at a lower value than the property worth, in relation to the existing loan, under the condition that the lenders agree to take less on the debt owed. For instance, Mr. Brad borrowed $500,000 to purchase a house a couple of years back. Unfortunately, he loses his
Real-estate is an ever-growing business in a more and more competitive field, but some things stay constant, like the need for sales in specific circumstances, like a probate sale. More families than ever before are buying and selling homes and, in a market filled with such new concepts like probate sales, one might also look
Team Garcia goes through the home buying process step-by-step in this video to help you understand what it takes when selling your home.
