Tips and Advice

Are you Selling?

Property Value Trends

Knowing property value trends can be very helpful to you as a buyer, seller or investor. As a buyer, you can pinpoint bargains in areas that are trending upward (or downward) in price. As a seller, you can use the information as part of the bargaining process to get the maximum price from the sale. As an investor, you can use the latest forecasts and trends to determine whether you want to invest, when you want to invest, and how much to put into a property. Remember, the trends are not guarantees of future performance; they’re an educated guess as to…

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What Determines the Value of Your Home?

Basically, a home’s worth is determined by its market value. How is “market value” determined? Most often, it’s figured by a comparison (“comp”) with homes similar to yours in the surrounding area. So, if the homes in your neighborhood average, say, $250,000, then it’s likely that the value of your property will fall in the same range. But market value is also determined by a number of factors including the following:  External Factors There can be several external factors influencing the value of your home. One is “curb appeal”, or the first impression your property makes upon prospective buyers. A home that’s in excellent…

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Be Un-Emotional When Buying a Home In Order to Get the Best Value!

Want to break your heart and your bank account at the same time? Then buy a new home based on the fact that you’ve fallen in love with it!Needless to say, you should never do this!In some cases, when you fall in love with the “pretty face” of a house, you fail to look underneath and find problems like bad wiring, leaky roofs, bad foundations, etc. This is an extremely expensive way to buy a home!A funny and sad example of this is shown in the 1986 film, The Money Pit, starring Tom Hanks and Shelley Long. They make the…

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Are you Buying?

What’s Going On With Home Prices?

By Frank Valente | Oct 9, 2018

What’s Going On With Home Prices? | Simplifying The MarketAccording to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, “The rise in mortgage rates this […]

Read More

The True Cost of NOT Owning Your Home

By Frank Valente | Oct 8, 2018

The True Cost of NOT Owning Your Home | Simplifying The MarketOwning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains the […]

Read More

Are We About to Enter a Buyers’ Market?

By Frank Valente | Oct 4, 2018

Are We About to Enter a Buyers’ Market? | Simplifying The MarketHome sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening? The market has definitely softened. […]

Read More

5 Reasons You Should Sell This Fall!

By Frank Valente | Sep 6, 2018

5 Reasons You Should Sell This Fall! | Simplifying The MarketHere are five reasons why listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! […]

Read More

Rents Are on The Rise: Don’t Get Caught in The Rental Trap!

By Frank Valente | Sep 4, 2018

Rents Are on The Rise: Don’t Get Caught in The Rental Trap! | Simplifying The MarketThere are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Our national rent index is up 0.1 percent month-over-month, marking the sixth straight month of […]

Read More

What State Gives You the Most ‘Bang for Your Buck’?

By Frank Valente | Sep 1, 2018

Some Highlights:

The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.
The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purc…

Read More

5 Real Estate Reality TV Myths Explained

By Frank Valente | Aug 30, 2018

5 Real Estate Reality TV Myths Explained | Simplifying The MarketHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real […]

Read More

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

By Frank Valente | Aug 29, 2018

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? | Simplifying The MarketLast week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in […]

Read More

Rent or Buy: Either Way You’re Paying A Mortgage!

By Frank Valente | Aug 27, 2018

Rent or Buy: Either Way You’re Paying A Mortgage! | Simplifying The MarketThere are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in […]

Read More

Frequently Asked Questions

What’s Going On With Home Prices?

By Frank Valente | Oct 9, 2018

What’s Going On With Home Prices? | Simplifying The MarketAccording to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, “The rise in mortgage rates this […]

Read More

The True Cost of NOT Owning Your Home

By Frank Valente | Oct 8, 2018

The True Cost of NOT Owning Your Home | Simplifying The MarketOwning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains the […]

Read More

Are We About to Enter a Buyers’ Market?

By Frank Valente | Oct 4, 2018

Are We About to Enter a Buyers’ Market? | Simplifying The MarketHome sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening? The market has definitely softened. […]

Read More

5 Reasons You Should Sell This Fall!

By Frank Valente | Sep 6, 2018

5 Reasons You Should Sell This Fall! | Simplifying The MarketHere are five reasons why listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! […]

Read More

Rents Are on The Rise: Don’t Get Caught in The Rental Trap!

By Frank Valente | Sep 4, 2018

Rents Are on The Rise: Don’t Get Caught in The Rental Trap! | Simplifying The MarketThere are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Our national rent index is up 0.1 percent month-over-month, marking the sixth straight month of […]

Read More

What State Gives You the Most ‘Bang for Your Buck’?

By Frank Valente | Sep 1, 2018

Some Highlights:

The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.
The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purc…

Read More

5 Real Estate Reality TV Myths Explained

By Frank Valente | Aug 30, 2018

5 Real Estate Reality TV Myths Explained | Simplifying The MarketHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real […]

Read More

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

By Frank Valente | Aug 29, 2018

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? | Simplifying The MarketLast week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in […]

Read More

Rent or Buy: Either Way You’re Paying A Mortgage!

By Frank Valente | Aug 27, 2018

Rent or Buy: Either Way You’re Paying A Mortgage! | Simplifying The MarketThere are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in […]

Read More