Wednesday, September 14, 2022 / by Brian Armstrong
Selling a home is a complex process! Appealing to the most buyers possible will often help you net the highest value for your home, which is usually the main goal for a home seller. The best way to maximize your profit is to prepare your home before you list, and market your home to leave a lasting impression on potential buyers. Here are some hot trends buyers are thinking about when buying a home and how to capitalize!
Nature is Dominating
From remote jobs to finding more entertainment from the comfort of your space, time spent at home has much more emphasis on buyers. Buyers want a home that is both calm and relaxing to wind down after a long day. One trend we are seeing is the attraction to bringing nature inside the home. No, we aren't talking about animals, we mean indoor gardens, hanging pots, and lush foliage. These are all examples of green accents that can encourage a sense of healing and liveliness. In addition to greenery, buyers are also interested in natural woods! ...
Thursday, September 8, 2022 / by Brian Armstrong
President Biden has officially announced his student loan relief plan to help middle-class federal student loan borrowers get back on track to resume payments come the new year. Borrowers earning less than $125,000 will see debt relief to the tune of $10,000, and Pel Grant recipients will be eligible for up to $20,000 in relief! This is major news for young professionals who are struggling to make ends meet. So how does this affect the U.S. economy as a whole?
Money To Make Purchases
Many borrowers struggling with debt have not had the opportunity to attribute funds toward real estate, cars, and other larger asset purchases. Nearly half of borrowers, about 20 million people, will have their student debt fully canceled, which will open up opportunities for those individuals to invest that capital back into the economy. While some borrowers will still not be in the financial position to make a purchase, others who were planning to buy a home and were not quite there may be able to affo. ...
Wednesday, August 10, 2022 / by Brian Armstrong
Should You Wait Until 2023 to Sell Your Home?
Considering selling your home, but not sure if now is the right time? The real estate market is still complicated, so we understand why you are questioning the timing of your sale! Your home is a valuable asset, and you don't just want to sell; you want to maximize the value of your sale. So, let's look at where things stand as we approach the end of 2022!
Consumer confidence measures how people in the US feel about the current market. Right now, buyer and seller confidence in the nation has been falling as inflation and mortgage rates rise, as told in a recent report by Fanny Mae. Housing confidence has not been this low since 2011, indicating significant economic challenges in today's real estate market. "Surveyed consumers continue to express pessimism about home buying conditions, with only 17% of respondents reporting it's a good time to buy a home," according to Fannie Mae's report. "Meanwhile, the percentage ; ...
Thursday, August 4, 2022 / by Brian Armstrong
If you have been looking for a home, considering buying property, or just watching the news over the past two years, you have probably heard about the wild and wacky real estate market. Home prices skyrocketed, homes sold moments after listing, and bidding wars dominated the market nationwide. Where does that leave us today? Is now a good time to buy? Please note we are not financial experts, so please consult with a financial institute before making a home purchase. However, we want to help you understand what is happening in the Vermont real estate market so you can make educated decisions!
The Economic Slowdown
As you may well know, the US economy has experienced significant volatility in 2022. This volatility penetrated the Real estate market as indicators showed recessionary activity. Inflation rose quickly to over 9%, thus driving the Federal Reserve to increase the rates for borrowing. These actions caused consumers to borrow less money and ultimately spend less overall.. ...
Thursday, July 28, 2022 / by Brian Armstrong
Buying a home is typically one of the most valuable asset purchases we make in the US. Budgeting for a new home can be challenging but learning how to manage your spending habits will help pave the path toward homeownership! As you get started, it is important to think about your goals and the personal habits you want to keep. Budgeting for a home is often a balance of tradeoffs, and only you can determine your ideal situation. In this article, we will dive into the best steps to take if you are looking to budget for a home purchase! Please keep in mind we are not financial advisors, and you should always speak to a lawyer or financial advisor prior to making a home purchase.
Build A Monthly Budget
One of the first steps of budgeting for a new home is building out a monthly budget. This will help you stay on track with your goals and allow you to see how all of your dollars add up each month. To get started, take a close look at your most recent financials to understand your ! ...