When buying an RCFE home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close on a home, a number of fees are due. They typically range from...
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At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The same is true of RCFE homes. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to...
The financial benefits of buying an RCFE home as compared to leasing one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as the RCFE homeowner. Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate...
Today’s RCFE buyers are faced with a strong seller’s market, which means there are a lot of active buyers competing for a relatively low number of available RCFEs. As a result, it’s essential to understand how to make a confident and competitive offer on your dream RCFE. Here are five tips for success in this critical stage of the process. Listen to Your Real Estate Advisor 1. A good real estate...
Last year, many RCFE owners thought twice about selling due to the onset of the health crisis. This year, however, many are beginning to regain their confidence when it comes to selling safely. Now that a majority of residents have received their vaccinations, numerous RCFE owners we’ve spoken with are planning to sell their RCFEs this Spring. Demand is high for RCFEs, and there are many buyers who...
Some Highlights With so few RCFEs available to buy today, houses are in high demand, and they’re selling fast. That means it’s a great time to sell if you’re ready to make that move. Reach out to us to make sure your RCFE is ready for a top-dollar sale this spring. It may be closer than you think! If you are considering buying, selling or leasing an RCFE, please call us TODAY to explore...
The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The same is true for RCFE homes. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division of Research and...
There are so many great reasons to purchase an RCFE home and business. Having an RCFE home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream RCFE, making a move might give you the space or features you need to find greater success and happiness in your business. Whatever your motivations are,...
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. The same is true for RCFE homes. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing supply is extremely limited The price of...
Fierce demand, throngs of buyer tours, bidding wars, rapid appreciation, and limited available RCFE homes to purchase are all due to historically low rates. Insatiable Demand With a record low supply of RCFE homes available to purchase and staggering demand, the market is extremely hot. In heading to Baskin Robbins on the 31st of any month with 31 days, there are lines out the door. Normally a scoop of...