A Home Warranty plan is often offered in a real estate transaction.  The seller may offer it as an incentive, often offered as an option to offer to the buyer by their listing agent.  OR, sometimes a buyer's agent may suggest to a buyer they request a home warranty as a potential propection against added costs for repairs that could likely occur in their buyers first year of home ownership.

We have seen many buyers who reaped the benefit of a Home Warranty while we have seen others have claims denied.
As always, we strive to provide our clients, both buyers and sellers, with accurate information to assure they are able to make informed decisions.
Allow us to share some varying opinions and important information you may want to learn about Home Warranty Policies.

 

 

Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as:

“the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”

When demand exceeds supply, prices go up. This is currently happening in the residential real estate market.

Here are the numbers for supply and demand as compared to last year for the last three months (March numbers are not yet available):

House Prices: Simply a Matter of Supply & Demand | MyKCM

In each of the last three months, demand (buyer traffic) has increased as compared to last year while supply (number of available listings) has decreased. If this situation persists, home values will continue to increase.

An appraisal is an important part of many real estate transactions. An appraisal is typically done if a buyer requires a mortgage loan to purchase a property. The appraisal is done by an appraiser (who is licensed), and it's based on multiple data gathered during an inspection by the appraiser. When it comes to appraisals, there are many myths or misconceptions around them. Whether you're looking to buy a home, looking to refinance a current mortgage, or you're looking for more information about all that goes into real estate transactions, here are some of the most common myths when it comes to appraisals.

 

The Real Estate Market is strong but that comes with many challenges for both the Sellers and the Buyers. Understanding these challenges can help you be prepared when faced with decisions along the way.  

Thinking of Selling? Now is the Time to Act

This is the absolute best time to sell while the buyer demand is the highest we have seen in years.   Sellers can expect to sell their home at the highest prices we have seen since the downturn several years ago. 

It's a tug of war game for buyers looking to buy a home when there just are not enough to choose from.  It's the worst shortage of homes for sale in my entire career of real estate, nearly 30 years of being in the business.  The National Association of Realtors confirms this is the worst housing drought since they began keeping statistics 18 years ago.

Go Blue tonight and Go Wolves tomorrow!  Basketball Rules this Month but about Real Estate? The Ball is in your Court Sellers!  Supply and Demand will surely impact our 2017 Housing Market.  This market update will help both buyers and sellers know what they are up against going into the Spring Market  
 

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