Questions You May Have About Selling Your House
Hero Homes Groups Blog
by Darren Miller
1w ago
As a real estate agent, I understand that mortgage rates are significantly influencing today’s housing market. This may prompt you to question whether now is the right time to sell your house and make a move. Here are three common questions you might have, along with data-driven answers to help you decide. Should I Wait To Sell? If you’re considering waiting to sell until mortgage rates drop, it’s important to know that many others are thinking the same thing. While mortgage rates are expected to decline later this year, waiting could mean facing increased competition as both buyers and seller ..read more
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The Top 5 Reasons You Need a Real Estate Agent when Buying a Home
Hero Homes Groups Blog
by Joyce Velarde
1M ago
The Top 5 Reasons You Need a Real Estate Agent when Buying a Home You may have heard headlines in the news lately about agents in the real estate industry and discussions about their commissions. And if you’re following along, it can be pretty confusing. But here’s the thing you really need to know – expert advice from a trusted real estate agent is priceless, now more than ever. And here’s why. A real estate agent does a lot more than you may realize. Your agent is the person who will guide you through every step when buying a home and look out for your best interests along the wa ..read more
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Should I Move with Today’s Mortgage Rates?
Hero Homes Groups Blog
by Joyce Velarde
1M ago
Should I Move with Today’s Mortgage Rates? When mortgage rates spiked up over the last few years, some homeowners put their plans to move on pause. Maybe you did too because you didn’t want to sell and take on a higher mortgage rate for your next home. But is that still the right strategy for you? In today’s market, data shows more homeowners are getting used to where rates are and thinking it may be time to move. As Mark Zandi, Chief Economist at Moody’s Analytics, explains: “Listings are up a bit as life events and job changes are putting increasing pressure o ..read more
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Builders Are Building Smaller Homes
Hero Homes Groups Blog
by Joyce Velarde
1M ago
Builders Are Building Smaller Homes There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. But there is a silver lining: builders are focused on building these smaller homes right now and they’re offering incentives. And that can help give you more options that fit the bill. Newly Built Homes Are Trending Smaller During the pandemic, homebuyers wanted (and could afford) larger homes – and builders delivered. They focused on homes that ..read more
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Ways To Use Your Tax Refund If You Want To Buy a Home
Hero Homes Groups Blog
by Joyce Velarde
1M ago
Ways To Use Your Tax Refund If You Want To Buy a Home Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains: “If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve already started to save, your tax refund could move yo ..read more
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Why Having Your Own Agent Matters When Buying a New Construction Home
Hero Homes Groups Blog
by Joyce Velarde
1M ago
Why Having Your Own Agent Matters When Buying a New Construction Home Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal. That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you. But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders ..read more
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Houses Are Still Selling Fast
Hero Homes Groups Blog
by Joyce Velarde
2M ago
Houses Are Still Selling Fast Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn't as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal. The graph below uses data from Realtor.com to tell the story of median days on the market for every January from 2017 all the way through the latest numbers available. For Realtor.com, days on the market means from the time a house is listed for sale until its closing date or the da ..read more
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Why Pre-Approval Is Even More Important This Year
Hero Homes Groups Blog
by Joyce Velarde
2M ago
Why Pre-Approval Is Even More Important This Year On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is As part of the homebuying process, your lender will look at your finances to figure out what they’re willing to loan you. According to Investopedia, this includes things like your W-2, tax returns, credit score, bank statements, and more. From there, they’ll give you a pre-approval letter t ..read more
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Home Equity Can Be a Game Changer When You Sell
Hero Homes Groups Blog
by Joyce Velarde
2M ago
Home Equity Can Be a Game Changer When You Sell Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains: “Home equity is the difference between your home's value and the amount you still owe on your mortgage. It represents the paid-off portion of your home. You'll start off with a certain level of equity when you make your down payment to buy the home, then continu ..read more
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Winning Plays for Buying a Home in Today’s Market [INFOGRAPHIC]
Hero Homes Groups Blog
by Joyce Velarde
2M ago
Winning Plays for Buying a Home in Today’s Market [INFOGRAPHIC] Some Highlights In today's housing market, you can still come out on top if you have the right team and plan. To win when buying a home, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd. Let’s connect today to make your winning move ..read more
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