The Federal Open Market Committee of the Federal Reserve said in its post-meeting statement that the Federal Reserve expects to raise its benchmark interest rate range twice during 2023. No rate changes will be made during 2022 as the economy continues to recover from the Covid-19 pandemic. The Fed’s current interest rate range is 0.00 to 0.25 percent. Fed Expects "Transitory" Inflation The Fed's post-meeting FOMC statement said that although Committee members adjusted their forecast … [Read more...]
Understanding Appraisals and What to Do If Your Home Doesn’t Appraise for Its Purchase Price
It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your down payment if your home has been appraised at less than you envisioned, here are some options you may want to consider. Review The Appraisal Contingency Clause If an appraisal contingency clause is built into the terms of your contract, this … [Read more...]
Surprising Secrets Of Successful Home Staging
Before you let a potential buyer see your home, take the following steps to ensure a great showing. These surprising secrets of successful home staging will help. Maximize Horizontal Space Horizontal space gives the illusion of spaciousness. Nearly every homebuyer wants to buy a home with lots of living space. The horizontal space you create doesn’t even need to be utilized. You can create the horizontal space by: Clearing surfaces like countertops, tables and desks Hanging floating … [Read more...]
Have a Weekend to Spare? Consider These Quick Renovations to Add Value to Your Home
Homeowners who are thinking about listing their home for sale in the coming weeks or months may be focused on improving their home to help it sell more quickly, but there also may be a focus on adding value to the home in the process. While each home is unique, there are a few projects that most homeowners would benefit from. In fact, these are a few simple and easy projects that can typicaly be completed over the course of a weekend; that can add value and desirability to the home. Replace The … [Read more...]
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