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First-time homebuyers may find the process overwhelming, especially in a challenging housing market. A recent National Association of Realtors report highlighted that real estate agents are buyers’ best sources of information. Agents provide critical guidance, from understanding the home purchase process to spotting potential property faults, negotiating contracts, providing a reliable list of service providers,…
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Many individuals, particularly young people grappling with student loan debt, are seeking extra income via side hustles to manage rising costs and achieve homeownership. Two strategies include purchasing a fixer-upper house that could be more affordable and increase in value with renovations, and buying a home to rent out a portion, thereby generating income to…
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See this charming cape-style house located in the town of Newburgh. Some key features include its proximity to a park, schools, and nature, making it a convenient location for outdoor activities. The large, beautiful backyard adds to the appeal, providing a space for relaxation and outdoor enjoyment. The inclusion of a first-floor bedroom is a…
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Pros of buying newly built homes and those of existing homes when home inventory is low. Newly built homes offer the ability to custom-build, are energy-efficient, have newer infrastructure, and offer newness. Existing homes offer architectural variety, established neighborhoods, mature landscaping, and an aged charm. The choice depends on individual preferences related to design, budget,…
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Despite fears of a future home price crash, a survey shows most experts predict prices will continue rising in the coming years across the US. The Home Price Expectation Survey includes forecasts from over 100 professionals, who collectively believe prices will increase each year through 2027 at a typical market pace.
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Selling a house, often the most substantial investment of a person’s life, is a demanding process requiring financial knowledge, time, energy, and emotional control. It includes new terms and concepts and deals with larger figures, making it complex. Emotions often cloud good judgment, potentially leading to issues in sales price negotiation, as homeowners often see…
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Multi-generational housing, where multiple family generations live in the same residence, is chosen for reasons like economic benefits, cultural norms, built-in support systems, changing demographics, and housing affordability issues. Architects are designing homes to cater to this trend. Despite fostering family cohesion and providing emotional and financial support, this arrangement can lead to conflicts owing…
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Potential benefits of selling a house before the new year. With present buyers being highly motivated and the current supply of homes running low, there might be increased flexibility with property showings at this time of year. The blogger encourages connectivity to discuss the selling feasibility.
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A survey by Bankrate revealed owning a home is the top representation of the American Dream for many people, ranking higher than retirement, a successful career or a college degree. A 1000watt survey shows Gen Z and millennials, originally seen as the ‘renter generations’, also desire homeownership, with 63% expressing that a place doesn’t feel…
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There’s confusion regarding the current housing market. The three most frequent questions are about the future of mortgage rates, the direction of home prices, and the possibility of a recession. Observations suggest mortgage rates will become lower, home prices will continue rising moderately, and a recession is less likely, which signifies a hopeful outlook for…