Monday, February 26, 2024 / by Greg Doohen
In the same way that the earth reawakens in a riot of color and vitality as the snow melts and flowers bloom, the real estate market enters spring, one of its most exciting seasons. Despite spring's reputation as the best season to buy a house, there are some surprises in store for would-be purchasers this year. Gaining a grasp of the ins and outs of the spring house purchasing market will assist first-time buyers, those seeking an upgrade, and anybody else in making better-informed selections. If you're looking to purchase a house this spring, here are some reasons why and ways to be ready for the competitive market.
What makes spring so special?
1. A larger stock of goods
Inventory levels tend to spike in the spring since that's when a lot of homeowners decide to put their homes on the market. Buyers have more alternatives, which means they have a better chance of finding their dream house, thanks to this boom. There is a wide range of homes available throughout spring, ! ...
Monday, February 19, 2024 / by Greg Doohen
Many of us associate Presidents' Day with thoughts of our nation's past and present presidents and the impact they have on the world. A more fundamental link exists, however, to a value that many of us cherish: the hope of one day becoming our own boss. As we celebrate this occasion, let us take a moment to consider how the policies and priorities of our nation's presidents have affected our access to homeownership and the neighborhoods in which we choose to settle down.
On this, Presidents' Day, it's worth reflecting on the ways in which the laws enacted by the federal government have influenced our daily lives, particularly as they relate to housing and neighborhood development. For instance, efforts to increase the economy's purchasing power or lower housing costs significantly impact the ease or difficulty of house ownership. Consider how many people were able to get into homeownership for the first time thanks to the modern mortgage system, which was a part ...
Monday, February 5, 2024 / by Greg Doohen
Purchasing your first home is an exciting and intimidating experience. In addition to being a substantial financial investment, real estate signifies a tremendous personal accomplishment. First-time homebuyers may find the procedure intimidating and complicated. Nonetheless, negotiating the real estate market may be a fulfilling process if you have the appropriate planning and understanding. This manual seeks to demystify the procedure and offer helpful guidance to anyone wishing to begin their journey toward homeownership.
Prepare your finances first
Sound financial planning is the cornerstone of a successful property purchase. Assessing your financial situation should be your first step. Look up your credit score, estimate your funds for a down payment, and plan your monthly mortgage payments. A large down payment can lower your loan amount and future financial strain, while a high credit score can help you get better interest rates. In order to know how much you can spend and ! ...
Monday, January 29, 2024 / by Greg Doohen
The real estate market has been volatile recently, creating a situation that can appear adverse at first glance. A closer look, however, reveals a fantastic opportunity for would-be homeowners. We at Greg Doohen Realty Group are no strangers to the market's ups and downs, and the present situation is no different. A silver lining remains for people wishing to invest in a property despite the fact that rising borrowing rates and lesser inventory have reduced the buyer pool.
Due to the current state of the market, sellers are feeling a greater sense of urgency and are more open to bargaining. An astonishing 88% of the properties we've closed on this year have had some sort of buyer incentive, be it a price reduction, a rate buydown, or some other concession. The tide has turned in favor of purchasers, and this is a telling sign of the market's new equilibrium.
In addition, purchasers are in a better position to bargain for lower prices on inspection-related costs. Most re ...
Wednesday, June 1, 2022 / by Maike Houser
Look Out for These Common Home Hazards
Homes can have safety issues that aren’t always obvious — problems that could endanger you and your family.
Fortunately, doing an annual safety audit of your property can help identify some of these hazards and allow you to remedy them before they cause larger problems. It may also help you to avoid using your home warranty or homeowners insurance.
Want to make sure your home is safe for you and your loved ones? Here’s a room-by-room breakdown of what to do.
KitchenIf you have kids, make sure sharp knives and utensils are stored safely in a drawer. You should also check that your vent hood is working properly and that there’s a fire extinguisher within easy reach.
BathroomsDo your rugs have nonskid undersides that are in good condition? If not, replace them or add a nonskid mat underneath. You should also check that your electronics are kept away from water sources like the sink and tub.
BedroomsMake sure heavy furnr ...