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There are 4 blog entries for January 2017.
With the recent changes in mortgage rates and the economy, and the further changes predicted by experts for 2017, now is the time to get serious about buying a home!
Buying a house in 2017 will feel kind of like you’ve jumped onto the subway just as the doors were closing. Your heart’s pounding and you’re winded from the race, but you made it—just in time.
If that's an exaggeration, it's not by much. Realtor.com reports that if you wait to see whether the market stabilizes, you may be gambling with your future.
And that’s not a smart gamble, our real estate experts say.
While still historically low, mortgage rates have risen sharply since August of last year, and experts predict that trend will continue.
Before you freak
If you've been considering whether to sell your home, 2017 is your year! We've got four reasons, via Realtor.com, why you should make your plans and sell now!
“Sellers have been in the driver’s seat for the last two years, but this year is shaping up to be even better for several reasons,” says Jonathan Smoke, chief economist of realtor.com®. “Nothing is bad for sellers today.”
Experts predict a prime market for sellers in 2017, and here's why.
Low Mortgage Rates
Lower rates mean lower costs to buy, which does tend to motivate would-be home buyers.
Although mortgage rates have been ticking up since mid-October to slightly over 4%, the rates for a 30-year fixed mortgage—the most popular home loan—are still hovering near 30-year lows. For
Buying a home is exciting and confusing and nerve-wracking, and it's even more so if you're inexperienced with the process. There's so much to learn and consider! No worries... we've got some tips, via Chase.com, to make the whole process less painful and stressful.
Set your range.
Leah Tozer, a partner and broker with New York-based luxury real estate firm Engel & Völkers, says it's important for potential homebuyers to determine what they can comfortably afford. A realistic monthly budget should include all living expenses, not just the mortgage.
You can't spend too much of your income on living expenses. In fact, experts recommend no more than 30% of your income should go to housing costs.
"At the end of the day, it's more important for
Apartments in NYC are known to be a little... different. From low-ceilings to awkward layouts, your home's quirks can be a stumbling block when it's time to sell. The little annoyances you've gotten used to can be off-putting to potential buyers. Many of them can't be changed outright, but we've got some creative tips (via NY Times) to downplay them without breaking the bank.
If you've got low ceilings, your goal is to create an optical illusion. White, white paint makes any room feel larger. Longer, higher window dressings add height. And in contrast, furniture with a low profile will give the impression that they're in a larger room.
Using a lighter shade of paint on the ceilings than the walls tends to draw the eye upward and