How Do Interest Rates Affect The Real Estate Market
Most people are aware that mortgage interest rates affect the real estate market. Most people are not, however, aware of how much they affect the process of buying a home or selling a home.
Interest rates can single handedly be the most important factor in the viability of the real estate market. We will discuss how mortgage rates affect the home buying process which in turn affects the ability to sell a home.
The Affordability of a Home
Many people who ...
Did you know that Granbury, Texas has seen a 40% increase in population since the last census? This is the highest rate of growth in the United States. What is it that makes Granbury so attractive? There are many reasons to fall in love with Granbury.
Did you know that Granbury was named USA Today's best historic small town in America for 2019, 2020, and 2021. Granbury is rich with Texas history and full of Southern hospitality. Granbury Texas offers many activities, from the thrill of the historic square to the water sports on Lake Granbury.
Reasons to move to Granbury
One could not have predicted that a global pandemic might be the catalyst for one the largest upswings in real estate history. And yet, we find ourselves in possibly the biggest seller’s market of our lifetime.
Many Americans saw the need for changes at home as their houses transformed into offices, classrooms, and sanctuaries. This hyper-focus, combined with record low mortgage rates, inspired many buyers to enter the market -- far more than the inventory of homes.
Even with the rising demand for homes, sellers in a seller's marketplace should still do their research to ensure that they sell their home at the highest possible price. We'll...
2020 was a year for the books, and while we are working to get back to normal in 2021, it can be a difficult decision to buy or sell a home in these uncertain times. If you were reluctant to become a homeowner before, you are likely even more so now. If you wanted to sell your home, you may have even decided to wait.
Despite the times, it may still be a great time to purchase or sell your home! Here’s why.
There’s not as much competition.
If you were planning on selling your home last year, you might have reconsidered due to the pandemic. If you took the plunge and put your house on the market, you likely experienced a seller’s market.
Due to low home inventory, buyers had bidding wars on homes they love, which is fantastic for sellers.
The current pandemic has a lot of people questioning a lot of things. One item at the top of that list is living conditions. Crowded cities, cramped apartments or homes they were already growing out of, living too far away from family, needing more room for home offices and home schooling—these are just some of the reasons that people are considering moving to the country, or upgrading their current home for one with more rooms and amenities.
Some people have already made the move to smaller towns, and it’s for certain that more searches for small town and away-from-it-all living has increased. Real estate company Redfin said page views of homes in small towns more than doubled during the...
Real estate is a big deal. Literally. Buying or selling a home is one of the biggest transactions in a person’s life. That’s why you need to choose an agent and a brokerage who is going to be on your side throughout the entire transaction, who will make the process as hassle free as possible, who gets your home seen by the most potential buyers, and who will get you the most money for your sale.
At Elevate, we work hard every day on doing just that, and there’s a lot involved, more than you might think. But it’s all worth it, because our customers are worth it.
And apparently that philosophy is working. Since 2013, Elevate Realty Group’s market share has increased...
When a neighborhood is hopping with new renters and buyers, it is easy to make money flipping a home. Landlords who rent properties in good repair may find it an attractive option to consider selling in a flourishing market. This article lists some important ways for property owners living in up-and-coming communities to renovate to appeal to new buyers and renters.
Maintenance is Number One
No matter the age of a home, buyers want fresh, clean houses with new paint, siding, floors, and more. While some people prefer a fixer-upper, the majority of purchasers are seeking properties with space, little work, and unique characteristics. Everything from the garage to the yard and the attic need attention....
Becoming a home investor means adapting strategies and gaining a deep understanding of the local market. Each area is different from the next, and one set of challenges might not even be a big deal in another area. How does a new investor know what to do and what not to do? We talk about six of the top things a venture capitalist wants to dodge to become a thriving investor in this blog.
Failing to Plan and Research
This section refers to the market, the house, potential buyers, inspections, repairs, and every other aspect of...
Using Professional Carpet Cleaners
A beautiful carpet or rug isn’t so beautiful anymore when it gets dirty and soiled. While all other types of flooring can be easily swept or mopped for an almost instant shine and clean, carpets need more than just a weekly vacuum to display their beauty.
You might have tried every product there is to get stains out of your carpet and to bring back its luster and color, but to no avail. This is when you need pros to get the job done. There are so many reasons why having a professional carpet cleaning crew handling your carpets year round is going to make your life so much easier and consequently, happier!
Here are several reasons why you should get your carpets cleaned by professionals, and...
The Winds Are Shifting In Real Estate
National home sales have historically peaked in spring. This peak has mostly been driven by families with children wanting to settle before the next school season. However, the current state of our nation is far from following traditional or historical patterns.
The ongoing government shutdown, recent natural disasters, and extreme weather patterns are all playing a crucial role in the shifting real estate market. Mortgage rates fell for the first time since February 2018.
Home loan applications surged in the second week of January 2019 according...