Cole Duckworth Homes - Keller Williams Preferred Realty

10/25/2021

Knowledge Is Power When It Comes to Appraisals and Inspections

Buying a home is one of the most important transactions in your lifetime, and it’s critical to keep your best interests in mind. Here’s a breakdown of what to expect from the appraisal and the inspection.

Put simply: when you apply for a mortgage, an unbiased appraisal – typically required by your lender – is the best way to verify the value of the home. That appraisal ensures the lender doesn’t loan you more than what the home is worth.

A buyer’s contract price may end up higher than the value of the home – this is known as an appraisal gap. In today’s market, it’s common for the seller to ask the buyer to make up the difference when an appraisal gap occurs. That means, as a buyer, you may need to be prepared to bring extra money to the table if you really want the home.

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Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded ma...

10/25/2021

Experts forecast mortgage rates will continue to rise over the coming months. That means the best time to buy is right now while you can get more home for your money. DM me today so you can act before rates rise even further.


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10/24/2021

Looking To Move? It Could Be Time To Build Your Dream Home.

While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for.

The latest Census data shows the inventory of new homes is increasing this year. With more new homes coming to the market, this means you’ll have more options to choose from if you’re ready to buy. Of course, if you do consider a newly built home, you’ll want to keep timing in mind.

According to Robert Dietz, Chief Economist and Senior VP for Economics and Housing Policy for the National Association of Home Builders (NAHB), “28% of new home inventory consists of homes that have not...


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While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve be...

10/23/2021

How Supply and Demand Can Tip the Pricing Scales in Today's Market

In today's housing market, an imbalance between supply and demand is driving up home prices. Let's connect to discuss how you can tip the scales in your favor as a homebuyer.


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10/22/2021

When it comes to homebuying, a few simple tips can help you stay on track. In today’s market, you need to be patient and embrace compromises during your search. And when you do fall in love, commit by putting your best offer forward. If you’re looking to buy a home this year, DM me so you have a dedicated partner to help you find the one.


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10/22/2021

Your Home Equity Is Growing [INFOGRAPHIC]

If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell? DM me to talk about how you can take advantage of your rising equity to reach your goals.


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Some Highlights If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power y...

10/21/2021

Important Distinction: Homes Are Less Affordable, Not Unaffordable

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they have been historically.

Today’s payment-to-income ratio is more affordable than the average over the last 25 years. Given that context, we can see that American households still have the same ability to be homeowners as their parents did 20 years ago.

This confirms the recent analysis of ATTOM Data resources where Todd Teta, Chief Product and Technology Officer, explains, “The typical median-priced home around the U.S. remains affordable...


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It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been ...

10/20/2021

Do you have questions about the market? You’re not alone. Connecting with a real estate professional can help you get the answers you need and show you why today is still a great time to sell. DM me so we can discuss the market and if it’s the right time for you to list your house.


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10/20/2021

Curious what’s causing rising home prices? It’s simple: there aren’t enough homes for sale to meet today’s buyer demand. That puts sellers in a great position when they list their house. DM me so we can discuss what your house could sell for in today’s market.


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10/19/2021

What Does the Future Hold for Home Prices?

To answer that question, let’s first understand a few terms you may be hearing right now.

>>Appreciation is an increase in the value of an asset.
>>Depreciation is a decrease in the value of an asset.
>>Deceleration is when something happens at a slower pace.

It’s important to note home prices have increased, or appreciated, for 114 straight months. To find out if that trend may continue, look to the experts. Pulsenomics surveyed over 100 economists, investment strategists, and housing market analysts asking for their five-year projections. In terms of what lies ahead, experts say the market may see some slight deceleration, but not depreciation.

Bill McBride, author of the blog Calculated Risk, also expects deceleration, but not depreciation. “My sense is the Case-Shiller National annual growth rate of 19.7% is...


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If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall?

10/18/2021

Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category. That same NAR data also shows today’s inventory of single-family homes is trailing behind the level we saw last year.

Because of the ongoing supply challenges, buyers can feel like they’re wandering across a vast, empty desert when searching for their next home. That means your house could provide an oasis for buyers thirsty for options – and it could increase the chances of buyers entering a bidding war...


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Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically fe...

10/18/2021

Homeownership offers incredible benefits. From financial stability to a space to call your own, the advantages of owning a home are practical, personal, and powerful. DM me today if you’re ready to start on your journey to homeownership.


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