Home inspections are a tense time for everyone. Sellers are passionately hoping that nothing major is wrong with their home that could hold up the transaction. Buyers are eager to hear that their new house is in prime condition. Whatever the wishes, one thing is for sure; any news from an inspector is usually bad news. Home inspectors have a tough job. They have to be trained to spot hundreds of potential issues with a home and be knowledgeable of local codes, community restrictions and … [Read more...]
You Ask, We Answer: Four Reasons Why Selling a Condo is Different Than Selling a House
Listing a property is a delicate dance. From the initial marketing to the final price negotiations, everything needs to be tailored to the type of home being sold. However, because of their main differences, this process can look very different when selling a condo versus selling a house. Reason #1: The Homeowners Association or HOA As all condo owners will know very well, almost all condos come with some type of HOA, or homeowners association. The HOA generally handles common areas like … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 15, 2021
Last week’s economic reporting included data on inflation and job openings, and weekly readings n mortgage rates, and jobless claims. Inflation Rate Rises in February Consumer prices grew by 0.40 percent in February according to the federal government’s Consumer Price Index; the year-over-year inflation rate rose from January’s reading of 1.40 percent to 1.70 percent. Consumer prices rose at their fastest pace in six months as rising fuel prices caused the jump in consumer … [Read more...]
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