￼April 2022 Real Estate Roundup
Another month down in 2022 and mortgage rates are increasing. Rates in the low 5% for a thirty-year mortgage is common. While some areas are seeing a slow-down in buyer activity it will still take a few months to see how it all plays out. Real estate is also local so different markets will behave differently. People will still be buying and selling real estate regardless of interest rates so check out the articles below to be on top of your real estate knowledge.
Typical Real Estate Commission
Most real estate transactions involve real estate agents helping the buyer and seller individually. A majority of the transactions involve agents getting paid via a commission upon closing of the sale. In this article by Bill Gassett he covers how different agent models work (commission, flat fee, fixed rate) and what are typical commissions for these companies. Both buyers and sellers need to understand how agents will be paid and account for that during their own transactions.
Real Estate Scams To Watch Out For
Anytime there is money involved with anything the chance of someone wanting to get a part of that money through a scam increases. With real estate and the large amount of money involved the scams are a plenty as Luke Skar explores. In his article he covers eight common real estate scams that both real estate buyers and sellers need to beware of. By double checking and making calls when need be one can help prevent their money from being taken by a thief.
Home Security For Home Buyers and Home Sellers
Home security is one of those things that any home buyer, home seller and homeowner can benefit from. Home security is more than just alarm systems as Vicki Moore points out. Home security can be improved by working on the landscaping, having proper lighting and more. Especially when selling a home a home that is more secure will be in more demand by buyers who appreciate features that lend to a naturally secure setting.
Will Your Home Sell?
You may have bought a home during a hot seller’s market but the question will be will that same home sell during a not so hot market? Conor MacEvilly provides the answer to that question and looks at both what is a seller’s market and what is a buyer’s market. Conor looks at important facts about the home like its layout, location, price history and more. As real estate is based on the location the results can vary.
How Higher Interest Rates Impact Real Estate
Interest rates have been increasing and mortgage rates for buying or refinancing a home are at recent highs. With inflation running high the Federal Reserve is needing to slow things down and what better way to slow things down than by increasing interest rates. Paul Sian explores where higher interest rates will be noticed and points out that it is not just in mortgage rates where an impact will be felt. There are plenty of consumer loan and/or credit programs that will also experience higher interest rates which means fewer dollars to spend elsewhere.
Escrow Service vs. Title Company
Learn about the difference between escrow service and a title company in this article from Joe Boylan. Whether buying or selling a home someone is needed to prepare the closing documents and make sure the title is good to transfer to the new owner. Some of the services are covered by both an escrow company and title company, but there are differences as this article explores.
17 Homebuyer Turnoffs
If you are getting ready to put a home on the market for sale it is helpful to know what buyers are looking for and what buyers dislike. Getting the house in order and great condition means buyers are ready to come out and see in person the home and will be ready to make a strong offer as compared to a home that has issues as Kevin Vitali explores. Buyers these days want home that are move in ready and are neutral in appearance. Home sellers need to make sure they set the stage properly before getting on the market.
Credit Score and Mortgages
While credit scores can impact one’s ability to get a mortgage the number can vary in terms of what types of mortgage will be available as this article by Karen Highland explains. For those who don’t necessarily have the best credit score all is not lost and there are options for getting a mortgage. Karen breaks out the different credit score ranges and shows where one can qualify.
Which articles did you find most helpful? Are there any other articles not on the list you enjoyed? Feel free to share in the comments below.
Real Estate Roundup for April 2022 was provided by Greater Cincinnati Area Luxury Realtor Paul Sian of United Real Estate Home Connections. Paul is a licensed real estate agent in the states of Ohio and Kentucky and has over 14 years of experience. Do you have a home you are ready to sell now in Greater Cincinnati or Northern Kentucky? Be sure to contact me now!