Tuesday, May 21, 2019 / by Vanessa Saunders
It took just minutes for Amazon to sell out of this tiny 172 sq. ft. cabin. With housing prices and property taxes continuing to rise, this "Tiny Home" may well be a solution for consumers looking to downsize, live economically and say, "Buggah off!" to high rent or mortgage payments.
The tiny home movement is finding traction in places like America's western mountain towns, where people spend more than 50 percent of their income on housing, which is well above the norm. A recent Sierra Sun article cited a regional housing study that found, “… 76 percent of Lake Tahoe and Truckee NV area residents spend more than one-third of their income on rent, and 26 percent spend more than half of their income on rent.”
Sprout Tiny Homes is developing a PUD (Planned Unit Development) approved community in Salida, Colorado. Sprout’s homes aren’t diminutive, realty-television-ready oddities: The company uses traditional materials and building ...
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Monday, May 20, 2019 / by Vanessa Saunders
Home inspections can be a trying time for both the home buyer and seller. For the sellers, having an inspector sniff through every corner of the property they'r trying to sell can raise anxiety levels, even if the seller is confident his property is "perfect." Inspectors have ways of ferreting-out problems sellers didn't know about, or issues with the house the homeowner got used to.
For buyers, watching the inspector take lots of notes and pictures leaves them worrying about just what kind of white elephant they got themselves into.
Finally the buyers get to see a thick report full of disclosures, disclaimers and all the fine print of 50-plus pages of descriptions, photos, subsections and educational primers of each part of the house. Inevitably, there are some problems, maybe small things, maybe some serious things that need discussing. The big question is, do the buyers ask the sellers to make repairs, reduce the price, offer to pay for some or all of the ...
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Friday, May 17, 2019 / by Vanessa Saunders
Thinking of selling your home this summer? The top selling days are right around the corner. Contact a
Global Property Systems local area expert for everything you need to successfully sell your home this season.
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Thursday, May 16, 2019 / by Vanessa Saunders
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.
However, a stronger-than-expected economy and a good spring housing market have changed some opinions. Some analysts are now predicting that home value appreciation may begin to increase as we move forward.
Here are three examples:
Mark Fleming, Chief Economist of First American
“Data on the movement of unadjusted house prices during the early spring home-buying season won’t be available for a few more months, but it’s quite likely that price appreciation will accelerate again.”
CoreLogic’s April “Home Price Insights”
“Home prices nationwide, including distressed sales, increased year over year by 3.7% in March 2019 compared with March 2018…The ...
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Wednesday, May 15, 2019 / by Vanessa Saunders
So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true!
Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration:
1. Determine Your Price and Get Pre-Approved By a Lender
“You’ve found the perfect home and you’re ready to buy. Now what? Your Global Property Systems local area expert will be by your side, helping you determine an offer price that is fair.”
Based on your agent’s key considerations (like similar homes recently sold in the same neighborhood or the condition of the house and what you can afford), your agent will help you to determine the offer that you are going to present.
Getting pre-approved by a lender wil ...
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