by Alicia Persson | Sep 19, 2023 | Buying Homes, Real Estate Education, Real Estate Trends
Doubled interest rates compared to 2022 have raised a big question for homebuyers: how to buy a home in today’s market? Much has changed even this calendar year, going from a fervent seller’s market to one in which buyers have more leverage. However, on the flip side,...
by Alicia Persson | Sep 14, 2023 | Buying Homes, Real Estate Education
Looking for ways to avoid a home bidding war was a common question during the red-hot seller’s market of 2022. And though augmented mortgage interest rates have cooled the frenzy across the board, experts say it’s still common to get into a bidding war in high-demand...
by Serena Yan | Sep 6, 2023 | Buying Homes, Real Estate Education, Real Estate Finance
When the real estate market cycles into a competitive seller’s market, many homebuyers must deal with something called an “appraisal gap.” What is it and how can you make the best moves during the home buying process? What is an appraisal gap? An appraisal gap is the...
by Alicia Persson | Jul 11, 2023 | Real Estate Education
Seller concessions are closing costs and other homebuying-related expenses that the seller agrees to pay on behalf of the buyer. The seller can either pay a percentage of the total closing costs or contribute toward specific line items in the loan estimate (at the...
by Alicia Persson | Jun 16, 2023 | Buying Homes, Real Estate Education
What is a Buyer’s Market? What is a buyer’s market? A buyer’s market is a term used in real estate to describe a market condition in which buyers typically have the upper hand. In general, there are more properties for sale than available buyers. In...
by Alicia Persson | May 3, 2023 | Buying Homes, Real Estate Education, Real Estate Finance
Down Payment Help in Maryland Every state has unique programs that can help homebuyers access funds to buy a home. Instead of reinventing the wheel, The Mortgage Reports made a comprehensive list of homebuying assistance and grant programs for all 50 states. When it...
by Alicia Persson | May 3, 2023 | Buying Homes, Real Estate Education, Real Estate Finance
Down Payment Help in Michigan Every state has unique programs that can help homebuyers access funds to buy a home. Instead of reinventing the wheel, The Mortgage Reports made a comprehensive list of homebuying assistance and grant programs for all 50 states. When it...
by Alicia Persson | May 3, 2023 | Buying Homes, Real Estate Education
Hiding in Plain Sight: 5 Secrets That Make Buying a Home More Affordable There are opportunities all over the place to make the path to homeownership easier. Other people are taking advantage of these opportunities, so why not you? Here are 5 secrets that are hiding...
by Alicia Persson | Apr 28, 2023 | Real Estate Education, Real Estate Finance
A credit score is a number that rates your creditworthiness. Credit bureaus calculate this score to determine a borrower’s ability to repay a loan or credit card. Lenders rely on credit scores to assess credit risk when approving loans to applicants. A credit...
by Alicia Persson | Mar 8, 2023 | Real Estate Education, Real Estate Finance, Real Estate Taxes
As a real estate agent, you work as a self-employed individual. Instead of a W-2, you receive a 1099 from a brokerage that doesn’t figure in any federal or state income taxes. Though estimating your taxes and preparing for tax time is a time-consuming part of...
by Alicia Persson | Feb 24, 2023 | Buying Homes, Investment Properties, Real Estate Education
An Investment Line of Credit (ILOC) is an excellent funding method for real estate investors. Unlike conventional loans, this flexible account can be a convenient source of funds for real estate needs. An ILOC allows an investor to quickly finance their real estate...
by Alicia Persson | Feb 24, 2023 | Investment Properties, Real Estate Education
If you want to be successful in a real estate wholesaling business, you’ll need to access cash buyers. After all, without buyers lined up, it’s difficult to wholesale a property. Investors with cash to close don’t need to wait on financing, greatly accelerating the...
