The Federal Reserve is raising interest rates to combat a 40yr high rate of inflation. This directly affects interest rates when you get a loan to buy a home. This rate hike also…
Author: Jeremy Smith, Realtor
Three months ago, 30yr fixed rates were about 3.5%. Today we’re seeing around 5.25%. Let’s look at the payments to cover principal and interest on an $800,000 loan…
The toughest thing about today’s market is that a month ago you may have been pre-approved for $800,000 but because of rising interest rates, today you might only be able to afford $750,000 today…
I’ve done commissions of anywhere from 3.5% to 6% depending on how the sale is carried out, what your goals are as the seller, and what your preference is with representation…
Are you working 9-5 during the week? Kid’s sports games or errands to run on the weekend? I get it… Let me do some…
You may see a dip in prices in some markets, but it’s unlikely to happen anywhere near Los Angeles. There’s a lot more equity available to homeowners this time around (compared to 2008 crash) and the…
When you’re open to putting in some sweat equity and the goal is to turn a profit within 1-2 years, that process (and home) look a lot different than “Hey, we want to buy…
Mid-way down the list I reached someone whose home surprisingly met a lot of the parameters. I called and left a voicemail. 99% of the time I won’t hear back, but this time was different…
Very few reputable economists are predicting any significant downward trend, but let’s play the scenario out since it’s always such a hot topic…
For some, it’s having an extra bonus/work room they can put to good use. For others, it’s the peace of mind knowing their home is in a safe location, and the home itself is well built, laid out, and secure.
What’s most important for…