According to Investopedia, “The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone.” For most Americans, this dream or belief spills over into home ownership. For …
Over the past three years, home building construction costs have been higher than normal. In 2022 alone, there was a 14% increase in material and labor costs alone. Between labor shortages, production delays, supply chain issues, and inflation consumers have experienced high prices across the board. How are things looking for 2023? According to the …
Have New Home Construction Costs Finally Stabilized? Read More »
An often repeated mantra of real estate is “Location, Location, Location.” This phrase has long held a connotation that the single greatest factor of importance when buying or selling a home is its location. Are buyers motivated by the square footage of a home? Its layout? Its age? Its quality of finishes? Its size? Its …
Does “Location, Location, Location” Still Matter in 2023? Read More »
To best understand the validity of a cost estimator tool, it is important to grasp exactly what it is, what it does, and how it can be beneficial. When it comes to what you can reasonably afford in a house, cost estimator tools are readily available for you to plug in the specifics of your …
These days, it can feel difficult to determine whether or not you are getting a good deal on your home purchase. Over the past two years, the United States has seen unprecedented trends within the housing market. From over asking price cash offers and homes selling merely hours after hitting the Multiple Listing Service (MLS) …
Are You Getting a Good Deal on Your Home Purchase? Read More »
Over the years you’ve probably heard terms like McMansion and Tiny Home and in reality, you probably live in neither. According to a 2019 study, the United States’ average home size was roughly 2,300 square feet. This number is up significantly from the 1,100 footprint in 1940 and the 1,700 footprint in 1980. There’s no …
As the real estate market has been in unprecedented cycles for the past few years, many potential buyers are becoming open to scenarios they may not have even considered in previous years or other economic situations. One such consideration might be widening your search criteria to consider what is known as an “up-and-coming” neighborhood. Other …
Should You Buy a Home in an “Up-and-Coming” Neighborhood? Read More »
For the past year or more, those desiring to buy or build a new home have been met with many frustrating challenges. From the delay of goods due to supply chain issues to the cost and availability of building supplies, options for new construction homes have been riddled with complications and problems. However, as the …
Historical Context According to some historians, real estate open houses, or similar concepts date back as early as the 1910s. Then called an “open for inspection,” event, buyers would open their homes to the public so that interested parties could step inside and inspect the home’s features. Over the next 20-30 years, a variation of …
Whether you are on the buying or selling end of a real estate transaction, the transfer of ownership of a home is likely one of the largest financial transactions most people encounter in their lifetimes. For this reason, it is important to understand the most common fees when buying or selling a home. Seller Costs …
