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  • Living in Las Vegas Blog

    Monday, November 29, 2021   /   by Teresa McCormick

    Why Now Is a Great Time To Sell Your House

    As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation, growing equity, low inventory, and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles.

    In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter. So, that means more homes are about to hit the market, which will lead to more choices for buyers too.

    According to George Ratiu, Manager of Economic Research at realtor.com:


    "The pandemic has delayed plans for many Americans, and homeowners looking to move on to the next stage of life are no exception. Recent survey data suggests the majority of prospective sellers are actively preparing to enter the market this winter."

    If you’re thinking of waiting until the spring to sell yo ...

    Monday, November 29, 2021   /   by Teresa McCormick

    Reasons To Hire a Real Estate Professional

    Reasons To Hire a Real Estate Professional [INFOGRAPHIC]


    Some Highlights


    Whether you’re buying or selling, there are many perks that come from working with a real estate advisor.



    Real estate professionals are experts at navigating all aspects of the buying and selling process, including negotiating on your behalf. We can also explain today’s market and break down what it means for you.



    Don’t go at it alone. Let’s connect today so you have advice and an expert to count on each step of the way.

    If you want in depth market reports about YOUR home, click the link below
    https://get.homebot.ai/?id=23806710-4c1b-476f-bbf6-d2cc6e706bbb ...

    Monday, November 29, 2021   /   by Teresa McCormick

    How Smart Buyers Are Approaching Rising Mortgage Rates

    How Smart Buyers Are Approaching Rising Mortgage Rates


    Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022:


    “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.”

    If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise.

    Taking Time Off Can Be Costly

    Mortgage rates play a significant role in your home search. As rates go up, your monthly mortgage payment increases if you’re buying a home, directly affecting how much you can afford. And even the smallest increase can have a large impact on your monthly payment (see chart below):With mortgage rates on the rise, you’ve likely seen your purchasing ...

    Monday, November 29, 2021   /   by Teresa McCormick

    Don’t Believe Everything You Read: The Truth Many Headlines Overlook

    Don’t Believe Everything You Read: The Truth Many Headlines Overlook


    There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise.

    With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year.

    There are already alarmist headlines starting to appear. Here are two recent topics you may have seen in the news.

    1. Foreclosures Are Spiking Today

    There are a number of headlines circulating that call out the rising foreclosures in today’s real estate market. Those stories focus on an overly narrow view on that topic: the c ...

    Monday, November 29, 2021   /   by Teresa McCormick

    4 Ways Homeowners Can Use Their Equity

    4 Ways Homeowners Can Use Their Equity


    Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year.

    If you’re looking for the best ways to use your growing equity, here are four options:

    1. Use Your Equity To Buy a Home That Fits Your Needs

    If you’re finding you no longer have the space you need, it might be time to move into a larger home. Or, it’s possible you have too much space and would like something smaller. No matter the situation, consider using your equity to power a move into a home that fits your changing lifestyle. Moving into a larger home can provide extra space for remote work or loved ones. Downsizing, on the other hand, may mean saving time an ...