There鈥檚 a new wave of homeowners influencing the housing market. Meet the SINKs 鈥� single income, no kids homeowners 鈥� who purchase homes even if they haven鈥檛 settled down with a partner. And with no children or partners to fill extra rooms, they have a lot of space to turn into something other than a guest bedroom or storage.
Continue readingBy: Edrian Blasquino
Home selling requires more than posting properties for market access followed by waiting for potential purchasers. Knowledge about how people buy homes helps boost the probability of obtaining lucrative and fast home sales. The purchasing decision of buyers depends on various emotional forces alongside neuropsychological biases and environmental elements. Sellers and agents can reach faster sales by addressing psychological triggers that produce convincing experiences.
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Are you a real estate professional looking to engage more Millennial and Gen Z buyers?
This would be smart as Millennials and Gen Z are now the largest groups looking to buy homes, with Millennials alone accounting for .
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Planning a wedding is one of the most exciting times in a couple鈥檚 life, filled with dreams of the perfect day surrounded by family and friends. At the same time, buying a home is a significant milestone, offering stability and a place to build your future together. However, both events come with substantial financial commitments, leading many couples to face the dilemma of balancing the cost of a dream wedding with the need to save for a home down payment.
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Navigating the mortgage process can be challenging, whether you are buying your first home, refinancing, or planning to sell. Missteps along the way can lead to long-term financial stress or 鈥� in the worst-case scenario 鈥� pre-foreclosure. Explore the common mortgage pitfalls and learn how to avoid them, ensuring a smoother and less stressful experience.
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When you apply for a mortgage, your debt-to-income ratio (DTI) will play a vital role. The mortgage lenders will review your credit profile and check the DTI ratio to assess your affordability. So, the debt-to-income ratio will indicate how much debt you carry, such as credit card balances, payday loans, medical bills, personal loans, and utility bills against your monthly income.
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If the time is approaching to find a new home for yourself and your beloved emotional support animal (ESA), you will want to look for a property where you will be safe, comfortable, and happy. It goes without saying that your animal鈥檚 needs differ greatly from your own, so it鈥檚 vital that you find a home that has the best features for you both.
Not quite sure what to look for? Fear not鈥攚e have put together a handy guide to choosing a property with ideal features for your ESA.
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Thinking of buying or selling a property? You should consider working with a real estate expert to help ensure each element of the transaction runs smoothly. There is not just a single type of realty expert- there are many, and which ones you will need depends on your situation and goals.
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There are few things as charming as a historic home. Their unique charm, character, and rich sense of history make them highly desirable for many homebuyers. While historic homes are undeniably appealing, purchasing one requires thoughtful consideration and preparation. Understanding preservation regulations and anticipating renovation challenges are crucial aspects of navigating the purchase of a historic home, which is where a home inspector comes into play.
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It happens to many families: after a lifetime of kids, a lifetime of memories, and a lifetime鈥檚 worth of stuff, you are suddenly faced with a space that feels too large and cluttered. Sure, your house was the perfect place to raise your family, but do you still need a three or four-chair dinner set? How about that clean, empty bedroom you are no longer using? If you suddenly find yourself with more space than you need, downsizing may be a good idea.
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