The second quarter in 2023 will be different. Housing market update for the first quarter of 2023. Mortgage rates dropped over 30 basis points in March, bringing more buyers back. In February, home sales prices fell for the first time in nearly 11 years, and total home sales rose by the most since July 2020….
What does the profile of a Jumbo borrower look like? A Jumbo borrower is anyone purchasing a home outside of the conforming limit as set by the Federal Housing Finance Agency. Home prices are different across the country, and the limits for conforming and non-conforming homes can be too. Currently, the limits are $726,200 for…
Appraisal Contingency: When buying a new home, you have the chance to put in a number of contingencies to the purchase contract to protect you during the process. Appraisal Contingency: A contingency is a condition that must be met in order for the contract to remain valid. If it is not met to the buyer’s…
Understanding Cash to Close: If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure, provided at least three full days before closing when you sign the final purchase documents, means that you are at the finish line, ready to celebrate with keys in…
Selling or Buying: Produce has a season. So do sports. But did you know that real estate has a peak season as well? People buy and sell homes all year long but there are certain times of the year when more transactions are likely to take place. The peak real estate season refers to the…
Value of Hardscaping : Curb appeal is one of the biggest factors when selling a home. Keeping the exterior of your home tidy and aesthetically pleasing can keep your neighbourhood beautiful, encourage other homeowners to take pride in their homes, and attract more buyers if you are trying to sell. Value of Hardscaping at Your…
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