December 2021 Real Estate Roundup
Happy New Year! 2021 proved to be an interesting one for real estate. In most markets in the US real estate was a strong performer. Prices and rents were up and inventory tight pretty much anywhere one looked. What 2022 brings for the real estate market remains to be seen. Some things that will impact the real estate market in 2022 is the Federal Reserve saying interest rates will start going up, the Fed’s reduction in the purchase of mortgage backed securities and possible tax changes which have yet to finalize. Check out this last round up for 2021 to get started on your 2022 real estate goals,.
Depending on the neighborhood and the value of the land involved sometimes an older home might be best torn down so a new home can be rebuilt. In this article by Billy Rabbit he covers where it might make sense to sell a home as one that should be torn down. Especially in high demand neighborhoods with limited vacant land tearing down old to build new can make quite a bit of economic sense.
Four Popular Ways To Sell A Home
When it comes to selling a house there is no one size fits all approach. With some of these methods a real estate agent need not be involved as Danny Margagliano points out. Some of the common ways to sell a house include selling for sale by owner, selling to a company, selling with a flat fee agent and more. Learn about the different ways for selling a house and which one might make the most sense for your situation.
What To Know About Building Permits
When remodeling a home there are certain parts of the remodel that will require permits from the local building department. Failing to get permits when required can result in problems later on when trying to sell the home or if the building department learns that non-permitted work was performed by the homeowner. Vicki Moore explains why permits are needed and what might happen if permits were not obtained when work was done.
Buying A Home At Auction
With inventory as tight as it is in many markets looking for alternative sources for buying a home can make sense. Buying a home at auction is one of those avenues home buyers should study up on prior to taking the leap as Bill Gassett explores. Depending on who is conducting the auction the rules can vary so understanding the process must be done well in advance. Buyers need to be prepared by understanding the process otherwise they could end up with a bad purchase.
Updates For Your Garage
Often overlooked the garage is an important part of the house that can benefit with updates. The right kinds of garage updates not only make a garage more functional but also can help increase the value of a home as Paul Sian explores. The best kinds of updates for a garage increase the usability and organization in the garage without taking away space for parking actual cars. Garage updates that can hurt the value of a home usually cost more than they are worth and take away valuable space.
2022 Bathroom Design Trends
Bathrooms are one of those parts of the home that are pretty much essential and home buyers look for bathrooms that are updated, well laid out and modern in design. In this article from Karen Highland she covers some important 2022 bathroom design trends that are must do if updating a bathroom. Modern/updated bathrooms mean high demand for such a home which also translates into a higher value of a home as compared to one with outdated bathrooms.
Where To Get Money To Help Put A Down Payment On A Home
With down payments coming in at the zero percent and up range (depending on the mortgage type) home buyers looking for money to help with the down payment and closing costs need look no further than this article. Kevin Vitali lists out some sources of down payment funds that can be used to buy a home. Sources include gift funds from family, grants, seller paid costs and more.
Home Equity Line Of Credit or Home Equity Loan
Home Equity Line of Credit or HELOC, allow homeowners to use their home to borrow money from outside of the normal mortgage process through the use of a line of credit. A home equity loan is a direct loan based on the equity in a home. The HELOC and Home Equity loan each have their pros and cons as Sharon Paxson explores. Be sure to talk to your lender and read this article to determine which is the best option for you.
How was your 2021 with regards to real estate? Did you buy or sell real estate, whether a personal residence or investment? Feel free to share below and let us know about your 2022 real estate goals.
Real Estate Roundup for December 2021 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!