Move-Up Buyers Archives - Page 7 of 12 - Joe Fernald

A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to a new wave of millennial homebuyers: “We teamed up with Google to

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

October 23, 2017

First Time Home Buyers, For Buyers, For Sellers, FSBOs, Move-Up Buyers

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Whether you are buying or selling a home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The

Hiring an Agent to Sell Your House May Cost You NOTHING!

October 19, 2017

For Sellers, FSBOs, Move-Up Buyers, Selling Myths

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There is no doubt that it is easier to sell your house when using the services of a local real estate professional. The agent will provide: Greater exposure to more buyers The skills of a professional negotiator A layer of protection from possible legal liabilities Professional guidance in navigating any pitfalls that may arise A

Moving-Up to a Luxury Home? Now’s the Time!

October 18, 2017

For Sellers, Luxury Market, Millennials, Move-Up Buyers

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If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale in the luxury

Buying Remains Cheaper Than Renting in 39 States!

October 17, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Rent vs. Buy

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In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up

Thinking of Selling? You Should Do It TODAY!!

October 16, 2017

For Sellers, Housing Market Updates, Move-Up Buyers

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That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY! In a recent article by CBS News, they explained that the number of existing home sales is shrinking,

4 Reasons to Sell This Fall [INFOGRAPHIC]

October 13, 2017

First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers

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Some Highlights: Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available! Housing inventory is still under the 6-month supply that is needed for a normal housing market. Perhaps the time has come for you and your family to move on

Net Worth of Homeowners 44X Greater than Renters

October 12, 2017

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Rent vs. Buy

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Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net

Builder Offering to Pay Off Student Loans for Buyers

October 11, 2017

First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers

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Millennials are on track to become the most educated generation in history. This means they are also the generation with the most student debt. Depending on the type of degree earned, as well as the prestige of the institution attended, there are some millennials who graduate college with what equates to a mortgage payment. For

Millionaire to Millennials: Buy a Home Now!

October 10, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

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In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to