October 2023

Three Mortgage Averages Sitting at Record Highs

Mortgage rates have recently hit a two-decade high, with the 30-year fixed-rate average at 7.87%, the 15-year rate average at 7.18%, and the jumbo 30-year rate at 7.15%. It is important to shop around for the best mortgage option and compare rates regularly, as refinancing rates have moved differently from new purchase rates. Continue to full article...

Tips for Getting a Home Inspection in Georgia

Home inspections are crucial in Georgia to assess a property's condition, uncover potential issues, and negotiate repairs or credits.Specialized inspections like radon testing and sewer scopes are recommended, especially in areas with elevated radon levels. Home inspections are not required in Georgia but are highly recommended, and it's wise to...

Will ARMs cause real estate market crash?

The Return Of The Adjustable Rate Mortgage

Should You Be Concerned About the Reintroduction of Adjustable-Rate Mortgages? If you recall the 2008 housing meltdown, you may recall how popular adjustable-rate mortgages, (also known as an ARM).  And, after years of being nearly nonexistent, ARMs are becoming increasingly popular when buying a home. Let's look at why this is happening and why it's not a cause for alarm.      Why...

3 Housing Market Predictions for October 2023

The housing market in October is not looking any different from the current market, with mortgage rates remaining high and limited inventory. Home prices are also expected to continue to rise, making it even more difficult for buyers to afford. However, despite the challenge, it is still possible to buy a home in October. Continue to full article...

Cons of Selling Your House FSBO

FSBO involves a series of steps that homeowners need to undertake independently. FSBO is time-consuming, involving market analysis, home staging, marketing, negotiation, and legal tasks.Lack of Real Estate knowledge can lead to costly errors in understanding market trends, laws, and negotiation tactics....

Low Housing Inventory

Is A Lack Of Inventory Good For Sellers? Is It A Good Time To Sell?

Is Fewer Homes For Sale Good News For Sellers?      Even if the housing market has calmed from the frenzy of the 'unicorn' years, it remains a seller's market due to the scarcity of available properties. But what does this mean for you? And why are conditions so favorable today if you want to sell your home? According to the National Association of Realtors' (NAR) most recent Existing...

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