52 Weekends in the Poconos

How To Handle Multiple Competing Home Offers In Today's Market

 

You found your dream home! But so did someone else...

A seldom-discussed phenomenon often occurs when a homebuyer decides to write a purchase offer. Maybe you've been house-hunting for weeks and you notice that one home has been for sale for almost six months without any offers. You figure it's overpriced—and you might be right. But you go look at it anyway and you fall in love.

You figure you can get a great price because the seller is undoubtedly desperate for an offer. This is your lucky d...
Why a Pandemic, Recession, and Protests Aren't Keeping the Housing Market From Roaring Back

The housing market is back—and then some.

Despite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, and national protests, the residential real estate market is staging an astonishing rebound.   Median home prices shot up 6.2% year over year on realtor.com® in the week ending June 27, according to weekly realtor.com data. Homes are selling faster than they did in 2019, when no one had heard of COVID-19. And bidding wars are back as first-time and trade-up buyers...
Early-bird home buyers turn January into the new April.

Once real estate’s sleepiest month, January could be this year’s home-buying hot season, according to new data. That’s a status historically reserved for April.

Homebuyers are shopping earlier in the year, a trend that began in 2015. Last year, listing views peaked in February: If the trend continues in 2020, January could be the most competitive month for home shoppers, according to economists. 

“It turns out that buyers who want to get a leg up on the spring shopping season have to start a lo...
9 Surprising Reasons to Start House Hunting in Fall

It’s a well-established pattern: Home sales heat up every spring and summer, and then, as the leaves begin to change, the market begins to cool. By November, with the holidays looming, few people are focused on real-estate shopping. And that’s why it may very well be the optimal time to begin your hunt. Here are 9 reasons why this counterintuitive move can be a very wise one if you’re hoping to buy a house.

 

More Motivated Sellers

Most sellers list a house in spring or summer when real estat...
What’s The Average Down Payment To Buy A House?

The first thing people think about when they think of a mortgage is the down payment. But how much do you really need to put down on a house? We’re going to look into the typical down payment homebuyers can expect.

What is the Average Down Payment?

The amount of money to put down on a house will depend on several factors such as the price of the home and the type of home loan you qualify for. Gone are the days of needing to have at least a 20% down payment to get approved for a mortgage. The...
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Maggie Flartey Kaminski
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