Gigi Hunermund Realty

10/20/2023

I am doing this now, should you? Call me at 954-899-0660 to discuss.

In today's world of rising housing costs, many buyers are looking for ways to still be able to buy a home.

06/06/2022

05/06/2022

Don't put off buying!

Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing need...

01/05/2022

Click the link to see what the experts are projecting

11/08/2021

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in historic-low territory. But even over past few weeks, rates have started to rise. This past week, the average 30-year fixed rate was 3.14%.

What does this mean if you’re thinking about making a move? Waiting until next year will cost you more in the long run. Here’s a look at what several experts project for mortgage rates going into 2022.

>>Freddie Mac: “The average 30-year fixed-rate mortgage (FRM) is expected to be 3.0 percent in 2021 and 3.5 percent in 2022.”

>>Doug Duncan, Senior VP & Chief Economist, Fannie Mae: “Right now, we forecast mortgage rates to average 3.3 percent in 2022, which, though slightly higher than 2020 and 2021, by historical standards remains extremely low and supportive of mortgage demand and affordability.”

>>First American: “Consensus forecasts predict that mortgage rates will hit 3.2 percent by the end of the year, and 3.7 percent by the end of 2022.”

If rates rise even a half-point percentage over the next year, it will impact what you pay each month over the life of your loan – and that can really add up. So, the reality is, as prices and mortgage rates rise, it will cost more to purchase a home. If you’re thinking of buying or selling over the next year, it may be wise to make your move sooner rather than later – before mortgage rates climb higher.

11/05/2021

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home.

11/01/2021

The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, estimates a 31.8% cumulative appreciation over the next five years.⁠
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As a trusted real estate advisor, it is your duty to educate your sphere about this and help them understand the impact this may have in accomplishing their life goals.⁠
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And we want to help you do this. ⁠
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That’s why we are offering our Professional Equity Assessment Report (PEAR) Template completely FREE for you to use and share with your clients.⁠
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Click this link to download this FREE powerful tool!⁠ 👇

➡️ https://trykcm.com/pear ⬅️
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And read today's blog to learn more about this upward trend in equity.

10/27/2021

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.

Like the appraisal, the inspection is important because it gives an impartial evaluation of the home. While the appraisal determines the current value of the home, the inspection determines the current condition of the home.

If there are any concerns during the inspection – an aging roof, a malfunctioning HVAC system, or any other questionable items – you have the option to discuss and negotiate any potential issues with the seller. Your real estate advisor can help you navigate this process and negotiate what, if any, repairs need to be made before the sale is finalized.

Keep in mind – home inspections are critical because they can shed light on challenges you may face as the new homeowner.

Both the appraisal and the inspection are important steps in the homebuying process. DM today me so you have an expert guiding you throughout the entire process.

10/22/2021

The last 18 months changed what many buyers are looking for in a home.

09/28/2021

Are you looking to buy a home? If so, we’ve got good news for you.

As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall. According to realtor.com, the sweet spot for buyers is just around the corner. The research says:

“Nationally, the best time to buy in 2021 is the week of October 3-9. This week historically has shown the best balance of market conditions that favor buyers.”

So, what’s that mean for you? If you’re looking to buy a home, there’s a golden window of opportunity coming. The number of homes available for sale should increase. The findings estimate we’ll see roughly 17.6% more homes available than we saw at the start of the year.

Having more options means buyers may not be competing as intensely for the homes on the market because there are more choices to go around. This means when you write an offer, you may have less competition and a better chance of being the top bid.

Historically the data shows an average of 7.0% of homes have a price reduction that week. This means, while home prices are still appreciating overall, you may see some homes with price adjustments from eager sellers.

If you’re in the market for a home, don’t lose steam now. Data shows early October may give you the long-awaited opportunity to find the home of your dreams. Lean on a trusted real estate professional as your ally and advisor to help keep you motivated so you can find the perfect home.