This article provides tips for finding and working with cash home buyers as an alternative to the traditional process of selling a house. It suggests researching potential buyers, getting multiple offers, and looking for flexibility and convenience when choosing a buyer. It also advises seeking advice from a realtor or property attorney to ensure a fair and competitive offer. Continue to full...
Georgians would need 9.4-yr to save up for a 10% down payment on the typical home. This would require saving 5% of the median household income every month. To achieve a 20% down payment, homebuyers would need to save 10% of the median household income in the same time frame....
In July 2023, the avg price of a house in Georgia was $320K, ↑ 1.3% yearly. In the Atlanta metro area, the avg home price was higher than the state avg, with $377K....
The shift to hybrid or remote work has led to a 50% vacancy rate in downtown office buildings in the US. Converting vacant office towers into residential spaces is seen as a solution to the housing shortage. However, demolishing existing office towers and building residential multifamily properties from scratch is more cost-effective....
In response to the Bank of England raising interest rates at their fastest pace since gaining independence, many households with mortgages have seen their monthly repayments increase by 50%, from £600 to £900 overnight. This has put many households at risk of becoming cash-flow insolvent, and government schemes are in place to adjust repayments and provide liquidity. Looking to the future, wages will...
Homeowners insurance is essential for mortgage loans and protects against property damage and liability. Premium rates can increase over time, and understanding the reasons behind the rise is crucial....
Affordability and availability of homes are now scarce commodities. Spring 2023 saw a mere 400K homes on the market, a sharp ↓ from 1M in 2019. Also high rents and housing prices make saving for a down payment tough....
If you are planning to sell your house, it is important to keep in mind that buyers today value energy efficiency and eco-friendly features. The 2023 Realtors and Sustainability Report from the National Association of Realtors (NAR) shows that 48% of agents or brokers have noticed consumers are interested in sustainability. To make your house more appealing, consider upgrading it with features such as...
The spring homebuying season in the US is experiencing intense competition despite predictions of a market crash and bargain prices.The supply of available homes is decreasing, as homeowners with historically low mortgage payments have no incentive to sell.Bidding wars have become common, reminiscent of more prosperous times....
The global real estate market is expected to reach USD 8,364,886.92 million by 2027. The market is forecasted to grow at a CAGR of 4.14% during the forecast period. Trends Impacting the Real Estate Market in 2023: 1- Sustainability and Green Buildings 2-Technological Integration 3-Urbanization and Mixed-Use Developments...
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