Last week’s economic reports included the post-meeting statement by the Fed’s Federal Open Market Committee along with readings on retail sales and inflation. Weekly reports on mortgage rates and new jobless claims were also released.
If you watch popular TV shows like Property Brothers, Flip or Flop and Fixer Upper, you might believe that buying a remodeled home is a great idea. These shows always have happy endings. The process looks fun and easy, and the houses turn out beautiful. However, it is rarely this easy when buying a real-life remodeled home.
It’s no secret that we’re in the midst of a hot seller’s real estate market. That means that good homes are going fast, usually at or above list price. This is largely the result of low inventory, where good homes are scarce, keeping competition for them – and listing prices – high.
The garage is often the last thing on seller’s minds when it comes to home staging. It is prudent to make sure your kitchen and bathrooms are perfect for showings. Make sure that you don’t neglect your garage when getting your home ready to sell.
If you have been looking for a new home, and you find one offered under a short sale, this may be to your advantage. While some buyers are wary about buying a home that needs to be sold with the approval of the lender, it’s a great way to get a bargain on a home that you love.