"From a financial standpoint, owning a home has always been and will always be better than renting."
Owning a home has great financial benefits.
RE/MAX Allegiance is one of the top-selling RE/MAX companies in the world and one of the top 50 residential Real Estate brokerages in the United States. The firm has 16 Real Estate sales offices throughout Virginia and the District of Columbia with nearly 450 Sales Associates and employees. Annual Real Estate sales for 2016 exceeded $2 billion on nearly 5,000 transactions. RE/MAX Allegiance 2016 Statistics: Approximately 450 Team members serving VA, DC, MD, and NC. 16 offices $2,087,351,389 Volume 4,981 Transactions $5.09M Volume per Associate 12 Transactions per Associate One of the leading Real Estate Companies in the World! RE/MAX Allegiance is licensed in DC, MD, VA & NC. Settlement services offered by The Settlement Group. Follow us on Twitter @REMAXAllegiance and on Facebook!
"From a financial standpoint, owning a home has always been and will always be better than renting."
Owning a home has great financial benefits.
"If you are debating upgrading your current house to a premium or luxury home, now is the time!"
Homes priced at the top 25% of the price range for a particular area of the country are considered 'premium homes.' In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house.
🎆Happy Independence Day! 🎆
"Unlike 2008, homeowners have a comfortable level of mortgage debt and are sitting on massive amounts of home equity. They will not be walking away from their homes if the housing market begins to soften."
The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash.
"Before you decide to take on the challenge of selling your house on your own, sit down with a real estate professional in your marketplace to discuss your needs."
Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBO might not be a good idea for the vast majority of sellers.
Americans Rank Real Estate Best Investment For 6 Years Running!
Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the 4 listed, real estate is the only investm...
"They say, ‘ignorance is bliss,’ but not when investing your hard-earned money into a home of your own. Work with a professional who you can trust to give you the most information possible about your new home so that you can make the most educated decision about your purchase."
So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection.
"Having this list fleshed out before starting your search will save you time and frustration. It also lets your agent know what features are most important to you before they start showing you houses in your desired area."
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.
"Today’s real estate market is highly competitive. Having a professional who’s been there before to guide you through the process is a simple step that will give you a huge advantage!"
In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, the addition of more information causes more confusion.
"Many potential homebuyers overestimate the down payment and credit scores necessary to qualify for a mortgage. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so today."
In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified....
4 Reasons to Sell this Summer!!🌞🌻🍉
Some Highlights: Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available. Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Now may be the time for...
"If you are one of the many young renters planning on buying your first home soon, meet with a local real estate professional who can help determine what type of home will best suit your present and future needs."
Young buyers (Millennials and Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their fa...
"Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates."
When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers are being told...
"5 Reasons to Sell Your House This Summer!"
Here are 5 compelling reasons listing your home for sale this summer makes sense.
"If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI)."
Some Highlights: If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI). Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Whether you...
"If you are a Gen Xer who would like to know exactly how much your house is worth today so that you can move up to the home of your dreams, contact a local real estate professional who can help you analyze your current circumstances."
During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth.
"We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months. Whether you are thinking of buying or selling, it’s a great time to be in the market."
A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.
"Like everything in life, there are pros and cons. What is better for you depends on your situation! If you are interested in becoming a homeowner and want to discuss the pros and cons, contact a local real estate professional that can help you review your current situation!"
In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy a home?
"Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach."
Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.”
"Homeownership builds wealth. This, in turn, allows families to have more and better options when it comes to their children and their life in retirement."
There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth.
"If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings."
Here are four reasons to consider buying today instead of waiting.
"The Top Reasons to Own Your Home"
Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?
"With wages increasing, price appreciation moderating, and mortgage rates remaining near all-time lows, purchasing a home is a great move based on historic affordability numbers."
There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.
"If you have a home that could accommodate a multigenerational family and are thinking about selling, now is the perfect time to put it on the market! The number of buyers looking for this type of home will only continue to increase."
As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old! As a result, 41% of Americans in th...
"If you are planning on selling your house in today’s market, meet with a local real estate professional who can help you set your listing price properly from the start!"
In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly.
The Impact Staging Your Home Has On Your Sale Price
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value o...
"If you lost a home due to a financial event but would like to review your options, contact a local real estate professional that can help you create a plan to obtain a home in the future!"
According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.”
"If you are living in a house that no longer fits your needs, contact a local real estate professional who can help you find a home that will!"
Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving.
"Top Days To List Your Home For Sale"
Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list your home brought in a 10% premium over market value and are all in either....
"Price appreciation has slowed over the past year. However, a strong economy and a good housing market have many experts thinking that home values might re-accelerate moderately throughout the rest of this year."
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.
"If you are one of the many renters who is scrolling through listings on your phone every night dreaming of buying your own home, there are opportunities in every market to make that dream a reality!"
Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.
"If you are thinking of selling, now may be the time! Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price!"
The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue to strengthen in 2019.
"A Tale of Two Markets" Keeping Current Matters
Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium hom...
"We are seeing a stronger economy than many had predicted. That has caused some experts to push off the possibility of a recession further into the horizon."
Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home also agree that a....
"If your plan for your future includes buying a home and you’re already saving for your down payment, meet with a local real estate professional who can help you decide the down payment size that best fits with your long-term plan!"
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage.
"If you are considering buying a home, sit down with a local real estate professional that can help you understand your local market and determine if buying a home is the right choice for you now."
When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a...
"With more competition coming to the market this spring, access can make or break your ability to get the price you are looking for, or even sell your house at all."
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers.
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