Wondering what’s in store for the housing market this year? And more specifically, what it all means for you if you plan to buy or sell a home? The best way to get that information is to lean on the pros.
Experts are constantly updating and revising their forecasts, so here’s the latest on two of the biggest factors expected to shape the year ahead: mortgage rates and home prices.
Building equity in your house is one of the biggest financial advantages of homeownership. And right now, homeowners across the country are sitting on record amounts of it.
Here’s a look at how that equity could be a game changer for you, and why it’ll flip your perspective from “Why would I move right now?” to “Why wouldn’t I?”
When you sell your house, ideally, you want it to go something like this: your house sells for top dollar, you get it sold quickly, and it all goes down without a hitch.
In today’s digital age, it’s tempting to rely on automated tools for everything — including figuring out how much your house is worth. But be careful. The automated estimates you’re seeing online often miss key details that affect the true market value of your home.
Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too.
We have you covered when it comes to helping you keep your finger on the pulse of what’s happening in the real estate market. Here, we take a look back at the facts and stats for Q1 2024. If you have any questions, please reach out to us!
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A Hot Market Doesn't Mean "As-Is" is the Easy Button
Here at Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate, we know the Smith Mountain Lake market is moving fast. You might think selling your home "as-is" is the quickest way to capitalize. But before you go that route, let's chat about the potential drawbacks.
"As-Is" Doesn't Mean No Responsibility
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