
Team Fosgate
Trusted News From The Experts
The Number One Mistake Sellers Are Making: Overpricing Their House
Overpricing is a common error that can leave homes languishing on the market, often leading to necessary price reductions. This article explains the risks of setting your price too high and how it can deter potential buyers. Learn how working with a real estate agent can provide you with a realistic valuation based on current market conditions, comparative market analysis, and a strategic approach to pricing. Avoid the pitfalls of overpricing with expert guidance and ensure your home attracts serious offers.
How To Choose a Great Local Real Estate Agent
Finding the perfect real estate agent is crucial for a successful home buying or selling experience. This guide outlines key factors to consider when choosing an agent, including their reputation, local market expertise, communication style, and your personal comfort level with them. Learn how to assess an agent's experience with specific types of homes, understand local market trends, and ensure their availability matches your needs. Follow these tips to find a trustworthy agent who can expertly navigate the real estate process with you.
How Mortgage Rate Changes Impact Your Homebuying Power
Understand how changes in mortgage rates affect your homebuying budget and monthly payments. This article explains the relationship between mortgage rates and your financial capacity to purchase a home, highlighting recent trends and economic factors that influence rates. Learn how even minor rate adjustments can significantly alter your monthly mortgage costs, and discover tools and insights that can help you make informed decisions in any market condition. Connect with a real estate professional to navigate these changes effectively.
3 Reasons To Move in Today’s Shifting Market
If you’re thinking about buying a home, there are 3 reasons you may want to make your move this fall. 1) Inventory is growing, giving you more options 2) Newly built homes may be more budget-friendly than you’d expect 3) Mortgage rates have come down from their peak last October.
What Credit Score Do You Really Need To Buy a House?
When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:
The Great Wealth Transfer: A New Era of Opportunity
Explore the transformative impact of the Great Wealth Transfer, where $84 trillion is expected to shift from Baby Boomers to younger generations over the next 20 years. This article delves into how this unprecedented transfer of wealth could ease the challenges of home affordability and fuel entrepreneurial ventures. Learn how inherited wealth and assets are poised to reshape the housing market, providing new opportunities for homeownership and economic growth.
Getting Your House Inspection Ready
Getting ready to sell your house? Here’s the scoop on home inspections and how to prep for them. As more homes hit the market, buyers are regaining some negotiating power. That means it might be a good idea to tackle some key repairs before listing. But how do you know which ones are worth it? Expert advice is key. Let's chat so you know what to prioritize.
Where Will You Go After You Sell?
Deciding between a newly built home and an existing property is a crucial choice for homeowners planning to move. This article compares the benefits of each, from the appeal of brand new features and builder concessions in new homes to the charm and established neighborhoods of existing homes. Discover how market dynamics, including increased home supply, affect your options and how leveraging a real estate agent's expertise can guide you in making the best decision for your needs and lifestyle.
Mortgage Rates Down a Full Percent from Recent High
Mortgage rates have recently dropped to their lowest in months, presenting a unique opportunity for potential homebuyers. This article discusses the significance of the current rate decrease and its impact on affordability and buyer competition. Learn why acting now could be advantageous before rates stabilize or other buyers return to the market, potentially driving up prices and competition. If you've been waiting for the right moment to enter the housing market, this might be your chance.
Helpful Negotiation Tactics for Today’s Housing Market
In the evolving real estate landscape, understanding key negotiation tactics can significantly enhance your position, whether you're buying or selling. This article outlines practical strategies for negotiating sale prices, home repairs, fixtures, closing costs, and more. Discover how leveraging these aspects effectively can lead to a successful transaction. Gain insights into how working with a skilled real estate agent can provide the expertise needed to navigate negotiations smoothly and ensure your interests are well-represented.
What Every Homeowner Should Know About Their Equity
Discover the power of home equity in today’s real estate market. This article delves into what home equity is, how to determine how much you have, and the significant role it plays when selling your home. With home values rising sharply in recent years, many homeowners may find themselves with more equity than expected, providing a substantial financial boost for their next purchase. Learn how to assess your equity and use it to your advantage as you plan your move.
Why Today’s Housing Inventory Prevents a Repeat of the 2008 Crash
Explore the differences in today's housing market compared to 2008, focusing on the current undersupply of homes. This article breaks down inventory levels across existing homes, new constructions, and foreclosures, demonstrating why a housing crash like 2008 is unlikely under today’s conditions. Understand the dynamics that keep the market stable and what this means for buyers and sellers in the housing landscape.
Why the Sandwich Generation Is Buying Multi-Generational Homes
For the Sandwich Generation, caring for both children and aging parents, multi-generational homes offer practical and financial benefits. This article explores how pooling resources and sharing responsibilities can make home buying more accessible and affordable. Discover the advantages of living together, such as built-in childcare and enhanced family bonding.
Should You Rent Out or Sell Your House?
Deciding whether to rent out or sell your house is a significant decision with long-term financial implications. This article provides essential questions to consider, such as property suitability for renting, the realities of being a landlord, and the costs involved. Gain insights into the advantages and challenges of each option, helping you assess what best aligns with your financial goals and lifestyle needs. Get expert advice to navigate this decision confidently.
The Biggest Mistakes Sellers Are Making Right Now
Navigating a changing real estate landscape can be tricky. This article highlights the most frequent mistakes sellers make, such as overpricing, neglecting minor repairs, and undervaluing negotiation. Learn how partnering with a skilled real estate agent can help you avoid these pitfalls, optimize your selling strategy, and achieve a successful sale in today’s competitive market.
Are Home Prices Going To Come Down?
Confused by the mixed messages about home prices? This article clarifies the real estate market's status, explaining why home prices are not plummeting but are normalizing instead. Learn from industry experts about the slower, more sustainable pace of price growth and what this means for potential homebuyers. Whether you're considering buying or just keeping an eye on the market, get the insights needed to understand these changes and how they might affect your home buying strategy.
Unlocking the Benefits of Your Home's Equity
Equity is the difference between what your house is worth and what you still owe on your mortgage. The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
Buying a Home on Disability Income: How to Make It Possible
If you’re wondering if buying a home with disability income is possible, the good news is, the answer is yes. If you want to learn more or explore your options for a home loan, connect with a lender. With the right team in place, we can make your dream of homeownership a reality.
A Newly Built Home May Actually Be More Budget-Friendly
Contrary to popular belief, newly built homes may offer more affordable options than existing homes. This article explores how lower median prices and attractive builder incentives, such as competitive mortgage rates and closing cost coverage, make new constructions a compelling choice for homebuyers. Learn why exploring new homes could be the key to finding a perfect match for your budget and lifestyle. Let's delve into the benefits and possibilities of purchasing a newly built home together.
Why a Foreclosure Wave Isn’t on the Horizon
Worried about a foreclosure crisis similar to the past? Current data and expert insights indicate that a wave of foreclosures is not on the horizon. Learn why today's strict lending standards and high homeowner equity contribute to a stable housing market, reducing the risk of widespread foreclosures. This article explains why well-qualified buyers and substantial homeowner equity are key factors in maintaining market stability.