Congrats, you’re offer has been accepted by the seller! First and foremost, you must celebrate! Not sure what comes after popping celebratory champagne? We break it down below! Due Diligence What is the due diligence period? Listed in your purchase agreement, the period is generally between 10 to 30 days, and it is … [Read more...] about Your Offer’s Been Accepted – Now What?
In the current real estate market, a continued lower supply of housing paired with high buyer demand has resulted in a highly competitive atmosphere for buyers, with most homes receiving multiple offers. According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), homes today are receiving … [Read more...] about How To Navigate The New Norm of Multiple Offers
The U.S. experienced record-low mortgage rates during the pandemic. However, in 2022, mortgage rates are rising again, making some buyers wary of getting a home. However, there are steps you can take to combat the rising rates and still find a great home! If you’re a prospective homebuyer, these tips are for you! Shop … [Read more...] about Buyers – How To Deal With Rising Mortgage Rates
Did you know that purchasing a home is a foundational step for building wealth? There is a strong correlation between higher household net worth and homeownership. In fact, a report from The Survey of Consumer Finances, released in Sept. 2020 by the Federal Reserve, found that in 2019, homeowners in the U.S. had a median net … [Read more...] about How Homeownership Builds Wealth
If you were thinking that the real estate market in Colorado Springs was going to be cooler than 2021, think again! This spring season is already looking to be hot hot hot, but there are projections that it could become the hottest homebuying season ever! While rates are beginning to rise, homebuyers are still rushing to nab a … [Read more...] about Colorado Springs Spring Real Estate Trends
Spring is just around the corner, and the term spring cleaning is real. If you need to clean up your home for an open house or viewing, or if you’re overwhelmed by your stuff in your new home, be sure to follow these smart tips to de-clutter! Schedule Your Cleaning Time We’ve all been there. We tell ourselves … [Read more...] about Tips For Decluttering Your Home
Are you ready to apply for a mortgage but confused by the types of pre-approvals and what they mean? We break down the 3 main types of mortgage approvals – Prequal, Preapproval, and Commitment Letter below! Prequal In a pre-qualification approval, the lender will obtain some information from you, the borrower. Usually, this … [Read more...] about Types Of Mortgage Approvals
In a nutshell, 2020 and 2021 were a wild ride for the housing market. After early predictions of a housing slump after the pandemic hit, the market surprised everyone, and went the other way and then some! Curious what 2022 is set to have in store? Check out the following housing market predictions for 2022 … [Read more...] about Housing Market Predictions for 2022