Nadine Cohen Realtor

12/27/2021

05/14/2021

When It Comes To Selling a House, Your Time Is Money [INFOGRAPHIC]

Some Highlights Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentati...

05/14/2021

When It Comes To Selling a House, Your Time Is Money [INFOGRAPHIC]

Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations. If you’re ready to sell while the market is in your favor, DM me to make sure you have the professional expertise you need every step of the way.

Some Highlights Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentati...

05/13/2021

Your House Could Be the Oasis in an Inventory Desert

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon, since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in an inventory desert.

According to the National Association of Realtors (NAR), today’s housing inventory sits at an incredibly low 2.1-month supply, far below the 6-month mark for a neutral market. Inventory of single-family homes a year ago was already very low, and this year’s levels are even lower.

Due to these market conditions, today’s buyers frequently enter fierce bidding wars while trying to purchase a home. This in turn drives up home prices and gives sellers...

Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing...

05/12/2021

It’s Not Too Late To Apply For Forbearance

If your loan is backed by HUD/FHA, USDA, or VA, you can apply for initial?forbearance by June 30, 2021. Here are some of the reasons why those borrowers didn’t opt for forbearance before now:
>>They were concerned forbearance may be costly
>>They didn’t understand how to request forbearance
>>They didn’t understand how the plans worked and/or whether they would qualify
If you have similar questions or concerns, the following answers may ease your fears.

The Consumer Financial Protection Bureau (CFPB) explains, “For most loans, there will be no additional fees, penalties, or additional interest (beyond scheduled amounts) added to your account, and you do not need to submit additional documentation to qualify. You can simply tell your servicer that you have a pandemic-related financial hardship.” This is how the Consumer Financial Protection Bureau...

Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferr...

05/11/2021

Experts Say Home Prices Will Continue to Appreciate

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. Google reports that the search for “When is the housing market going to crash?” has spiked 2450% over the past month.

To alleviate some of these concerns, let’s look at what financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came to the same conclusion: the housing market is strong, and price appreciation will continue. Here are their statements on the issue:

Goldman Sachs’ Research Note on Housing:
“Strong demand for housing looks sustainable. … As a result, the model projects double-digit price gains both this year and next.”

Joe Seydl, Senior Markets Economist...

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over th...

05/10/2021

3 Graphs Showing Why You Should Sell Your House Now

Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season.

>>Historically Low Inventory
Even with a slight rise in the number of houses for sale this spring, inventory remains near an all-time low. High buyer interest is creating animbalance between supply and demand, but as the small uptick in inventory shows, sellers are beginning to reenter the market. Selling your house now enables you to maximize on buyer demand and get the most attention for your house – before more listings come to the market later this year.

>>Frequent Bidding Wars
As a result of the supply and demand imbalance, homebuyers are entering bidding wars at an accelerating rate. NAR reports the average number of bids received on the most recently closed sales is 4.8 offers. As buyers face...

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high ...

05/07/2021

The Power of Mortgage Pre-Approval [INFOGRAPHIC]

Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war. In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home. DM me to learn more about this essential step in the homebuying process.

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in ...

05/07/2021

The Power of Mortgage Pre-Approval [INFOGRAPHIC]

Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in ...

05/06/2021

Why Waiting to Buy a Home Could Cost You a Small Fortune

Many people are sitting on the fence trying to decide if now’s the time to buy a home. To determine if they should buy now or wait another year, they both need to ask two simple questions:
>>Do I think home values will be higher a year from now?
>>Do I think mortgage rates will be higher a year from now?
Let’s shed some light on the answers to these questions.

If you average the most recent projections from the major industry forecasters, the expectation is home prices will increase by 7.7%. For mortgage rates, the forecasts average out to 3.6% a year from now, a jump up from where they are now.

A buyer will pay a lot more in mortgage payments each month if both of these variables increase. Let’s take a house that’s valued today at $325,000 as an example.

Assuming a buyer purchases a $325,000 home this year with a 30-year fixed rate loan at 3...

Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing nee...

05/05/2021

Are Interest Rates Expected to Rise Over the Next Year?

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.

Danielle Hale, Chief Economist, realtor.com: “Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be historically favorable.”

Freddie Mac: “We forecast...

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a loo...

05/04/2021

4 Big Incentives for Homeowners to Sell Now

Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today.

>>Homeowners don’t know if they’ll be able to secure their next home before selling.
In today’s market, buyers have compelling reasons to purchase a home now. These buyer needs give the seller tremendous leverage to negotiate time to find their next home.

>>Homeowners don’t know if their current home will sell for asking price or top market price.
This is the perfect time to maximize profits while selling a house. NAR just released a study showing that bidding wars are at an all-time high. When there’s a bidding war, the price escalates. If a seller is looking for a top-dollar sale, there’s no better time to sell than right now.

>>Homeowners don’t know if they will get an offer without their home requiring work or updates.
Due to...

The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in t...