On Time Realty Services, LLC - OTRSL

12/09/2022

What factors appraisers look for when selecting comparables

1. Appraisers use comparables to establish the value of a property.

2. Comparables are properties that are similar in size, location, and features to the property being appraised.

3. Appraisers select comparables by looking at a number of factors, including but not limited to:
-The size of the property
-The age of the property
-The condition of the property
-The type of property
-The features of the property
-The sale prices of similar properties

12/07/2022

Trying to get a handle on real estate measurements? Check out our latest Podcast post for a

12/05/2022

Are your property taxes going up? Find out if an appraisal is necessary

https://youtu.be/OtQjL-_XBKA

12/05/2022

Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, you’ll need to be strategic so you can find a home that meets your needs and budget.

The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll craft your list. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp of your budget, you can begin to list (and prioritize) all the features of a home you would like.

Here’s a great way to think about them before you...

There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As you set out to make a purchase this winter, ...

12/04/2022

Winter Home Selling Checklist [INFOGRAPHIC]

As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. DM me for advice on what you may want to do to get your house ready to sell this season.

Some Highlights As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. Let’s ...

12/03/2022

5 Reasons To Sell Your House This Winter

There’s good reason to make your move right now if you’re ready to sell. Let’s connect to talk about the benefits of selling your house this season.

12/01/2022

What You Want To Know If You’re Pursuing Your Dream of Homeownership

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. As the 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says:

“More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.”

Let’s take a look at why homeownership makes the top of so many young buyers’ to-do list.

>>Top Motivators To Buy a Home

The survey mentioned above sheds light on some of the top reasons why younger generations are looking to buy a home:

• 50.95% believe the cost of renting is too high
• 48.35% think owing a home is an important wealth building tool
• 38.16% seek the sense of security owning a home provides

Your top motivator may be different than that of your friends, but they’re all equally valid and worthwhile.

The same...

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sen...

11/30/2022

A survey of recent homebuyers found the top factor that made purchasing a home easier was a good real estate professional helping with the transaction. A local real estate expert will guide you through each step of your homebuying journey and will offer tailored advice along the way. If you’re ready to buy a home, DM me today.

11/29/2022

Are you wondering if you need to before you sell your house? Working with a real estate professional is the best way to know what updates you may want to make to appeal to buyers and where you can get the greatest return on your investment for those projects. If you have questions before you get started, DM me today.

11/28/2022

If you’ve set out to buy a home, you’re likely balancing your own needs with higher mortgage rates and today's home prices. That can feel challenging. But know that making a purchase today can pay off in the long run as you build your net worth through equity. DM me to discuss all the benefits has to offer.

11/27/2022

What Buyers Need To Know About the Inventory of Homes Available for Sale

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.

According to Calculated Risk, for the week ending in November 18th, there were 47.7% more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel confident about making a move.

>>What Caused the Growth in Housing Inventory This Year?

The increase we’ve seen in housing supply this year isn’t from the source you think it is. Rather than an influx of recent homeowners listing their houses for sale (known as new listings), the primary reason the supply has grown is because homes are staying on the market a bit longer (known as active...

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.