The recent jump in mortgage rates cut about $22k from what a buyer with a $2,000 monthly budget can spend. But you can win most of that back at the negotiating table. More than 4 in 10 homes for sale have had a price cut. And the typical cut is ...
Continue ReadingWhen you’re planning a move, every monthly cost counts. That’s why it can be frustrating to see home insurance keep creeping up. According to Intercontinental Exchange, it now makes up 9.6% of the average monthly mortgage payment. But the latest numbers show some progress on that front – as the ...
Continue ReadingThere’s nothing quite like the excitement of getting an offer on your house. You’re one step closer to moving on to what’s next. But what happens if that buyer backs out or ghosts you before closing? If you’ve been seeing headlines about more home sales falling through lately, that possibility ...
Continue ReadingRyan Serhant, CEO of SERHANT, says there isn’t just 1 housing market right now. There are really 4: cash buyers, buyers who need a mortgage, homeowners with low mortgage rates, and builders. Today, let’s zoom in on the 1st group – cash buyers. According to the National Association of Realtors ...
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