The Real Estate Academy

02/16/2022

Days on Market (DOM) is a good indicator of buyer activity. If other surrounding homes are selling quicker, DOM may reveal that a home is overpriced. In today's market, DOM is very low. With a shortage of homes in the market, the property is selling FAST!

02/05/2022

I know they say "comparison is the thief of joy", but when it comes to houses, it's really useful!

02/02/2022

Hip Hip Hooray, It’s Groundhog’s Day! Are you hoping for a longer winter or an early spring?

02/01/2022

The term "contingency" is more frequently used in today's housing market. Buyers are waiving contingencies to win offers and even removing contingency periods.

01/26/2022

Underwater?

If you’ve heard the term underwater mortgage, it refers to a situation where the balance on a mortgage is more than the home’s fair market value. Being in a situation with an underwater mortgage was common after the housing crash in the late 2000s. Many homeowners rapidly saw their homes lose a ...

01/26/2022

Dual and Designated Agency: here is why they are different.

Enjoy!

Buyers and sellers: avoid this conflict of interest when you hire your next real estate agent.

01/25/2022

Counter?

01/25/2022

Principal, Mortgage Principal

When you get a mortgage, it’s a long-term loan. Mortgages are to help you buy a house. You repay the principal, and in addition, you make interest payments to your lender. The home and the land you purchase are your loan collateral. Principal and interest are the two basic elements making up every...

01/25/2022

Short Sale?

The idea of purchasing a home at a deeply discounted price is appealing to most people, but these situations can come with strings attached. One way to get a deal on a property is to buy a short sale, but the transactions are complex and risky. Short sales are transactions where a home is sold for a...

01/25/2022