October 2021 Real Estate Roundup
Real estate markets in the US are starting to see a little bit of a cool down. Mortgage interest rates are still relatively low compared to the past and the average home price is up. Whether this trend of declining sales continues remains to be seen especially as we get through winter and see the start of the spring selling season. A shift to a buyer’s market will definitely be met with relief by the buyers who have been outbid on homes at every turn and have decided to wait. Regardless of what the real estate market does, real estate always has buyers and sellers. Be sure to check out this month’s articles to get a better understanding of real estate so you can be ready when the time comes.
Pool Remodeling Tips
For those homeowners with a pool, just like many other parts of the home it can be remodeled. Danny Margagliano covers the various reasons why remodeling a pool may be needed and what aspects the homeowner should be considering when doing the remodel. A pool remodel is one of those things that needs to happen in the warmer months and does take some time to complete due to the size and complexity of the work.
Tips For Buying A Fixer Upper Home
Not every home can be move in ready for a number of reasons. That does not mean buyers should be excluding those homes from their search results because they are not move in ready. The fixer upper home could be a great value to the buyer who has the time and money to put a little of their own elbow grease into the home as Bill Gassett explains. Not only can the buyer customize the home to their liking, they get to decide where to start work first.
Questions To Ask About A Mortgage Before You Buy
With a home usually being one of the most expensive purchases a person will make in their lifetime it makes a lot of financial sense to ask the right questions about the mortgage used to purchase a home. In this article by Sharon Paxson she provides 11 questions home buyers need to be asking before signing on the dotted line. Mortgages being long term financial commitments, by making sure you get the best deal possible the savings will add up over time.
HOA Special Assessments
Homeowners who own a home and are also part of a Homeowners Association (HOA) usually pay regular monthly or yearly fees to help support the activities of the HOA. On certain occasions there may be an HOA special assessment as Conor MacEvilly explores. HOA special assessments can be established for many different reasons. Those who may be buying a home that comes along with an HOA should be asking about any special assessments in order to understand how much extra must be paid, for how long and why.
Solar Panels For Your Home
With electricity prices and home heating prices set to go up with overall inflation and lower supplies of fuel for power plants more homeowners might be wondering if solar power might be a good idea for their home. Vicki Moore looks at whether solar panels for your home make financial sense and what kind of costs might the homeowner be looking to pay upfront. In the article Vicki clearly lays out the pros and cons of solar panels to help one decide if that is the way they should go.
Tips For Buying New Construction Luxury Home
If you have decided to buy a new construction luxury home the process is a bit different compared to buying an existing home. It takes much longer from start to finish due to the build time involved as Paul Sian explains. Doing things in the right order is important so as to make the best use of time as possible. Paul’s article details four critical steps one must take when buying a new construction luxury home.
Should You Refinance Your Mortgage?
This article explores some of the good reasons why refinancing your mortgage may be a money smart move. Homeowners can get rid of PMI payments, reduce their overall monthly mortgage payment or even take some money out during the refinance. Cash out refinance money can be used to update the home, payoff debt, or something else. Learn about what situation a refinance can make sense for you.
How Software Is Changing Real Estate
Computers and the software that run them have been changing different industries all around the world, real estate included. Alex Capozzolo discusses six was real estate has improved for the better with the use of software. From virtual tours, blockchain providing more security, to home automation, anyone connected to real estate is seeing a benefit. Learn about the different software and the benefits they provide if you buy, sell, rent or own real estate.
Which articles from above sounded the most interesting to you? Do you have any real estate goals for the next year? Feel free to share below!
UThe Real Estate Roundup for October 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!