July 2024 Real Estate Roundup
July 2024 Real Estate Roundup
July 2024 Real Estate Roundup
July 2024 real estate roundup

Half of the year is gone and real estate sales have been slowing in many markets.  Some more sellers are finally coming off of the sidelines and deciding to list their homes and investment properties, but buyers are still in a wait and see mode.  Some are holding their breath in hopes of a Federal Reserve rate cut sometime this year but with inflation remaining elevated, whether they cut is another story.  Check out some of the great real estate reads in this month’s roundup.

Guide to Homeowner’s Insurance

Whether required due to a mortgage or desired to protect all the money put into a home, having homeowner’s insurance is important.  Understanding what homeowner’s insurance covers and does not cover is also important as certain things not covered can be covered if requested from the insurance company.  In this article from Paul Sian homeowner’s insurance is explored along with what types of additional coverages a homeowner might want to add based on their risk profile.

Selling a Home in Probate

When a home passes to heirs due to the death of an owner generally the home has to go through a Probate Court which makes sure things are taken care of in accordance with the will.  In this article by Bill Gassett he explores whether all heirs need to agree as to the disposition of the home in probate.  If there is no agreement between the heirs, problems can arise and friction between the heirs is usually common.  The heirs should be working through their own attorneys as well as the probate court to come to a decision agreed to by all.

Final Walkthrough Tips?

Just prior to closing on a home the buyer has the option to do a final walkthrough before they sign off on all closing papers and make the purchase final.  In this article by Vicki Moore she explores what the final walkthrough involves and what both the buyer and seller should be considering just before the final walkthrough.  This is the last time the buyer has a chance to look at the home before it is officially theirs.  By having a list of things to check on the buyers can make sure the home is in the condition they expect it to be before they close on the purchase.

Get Your Home Ready to Sell

In this article by Luke Skar he provides some great and inexpensive ways to get a home ready to sell.  To get the best value on the sale the homeowner needs to have the home in move in ready condition.  A majority of buyers these days want move in ready homes and that means homeowners need to meet their desires.  Especially with this changing market getting buyers in the door and ones who are ready to make an offer is a challenge.  By using these inexpensive home prep strategies, the home seller is in better shape compared to other homes that have not been prepared.

Just the FAQs

Whether you are selling a home or wanting to buy a home knowing about the process can help save on time, money and stress.  Kevin Vitali looks at 24 Frequently Asked Questions (FAQs) for buying or selling a home.  From things like working with a real estate agent, getting pre-approved for a mortgage, negotiating with the other side and more this article covers questions that both buyers and sellers need to read and understand.  Buyers and sellers should read the questions as well from the other perspective so as to go in with a great understanding of how to buy or sell a home.

Recovering from Home Financing Challenges

Many home buyers use a mortgage to make their home purchase and along the way challenges can pop up based on credit issues, employment, down payment and more.  In this article by Michelle Gibson she discusses steps buyers can take in order to get their mortgage financing in order.  With a home being one of the most expensive purchases a person will make in their lifetime getting the best mortgage with the best rate possible can result in great savings over the lift of the loan.

Does FSBO Save Money?

FSBO or For Sale By Owner refers to where the homeowner is selling their home on their own without the help of a real estate agent.  One reason a homeowner may have for selling FSBO is the thought they can save money by not paying a commission to a real estate agent.  In this article by Donald Payne he explains how selling FSBO does not always mean cost savings.  From things like pricing errors, limited market exposure, negotiating against oneself, and more there are plenty of pitfalls in the home selling process that can trip up the homeowner who is not experienced with the process.

What Does Real Estate Cap Rate Mean?

When it comes to investing in real estate many buyers will want to consider the cap rate as part of the overall investing decision.  What exactly is the cap rate and how is it calculated is important to know as that can help the real estate investor buyer determine does a deal truly work or not.  In this article by Alex Capozzolo he explores what cap rate entails, how is it calculated and what more should the real estate investor buyer should be considering.  A sure-fire way to a bad investment decision is not understanding how the numbers work.

What other real estate articles have you found to be helpful from July 2024?  Please share them in the comment section below.

Real Estate Roundup for July 2024 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 17 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!

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