Real Estate Blog - Robert DeFalco's Blog

When looking for houses one term keeps popping up: interest rates. They can seem like a complex financial jargon, but understanding how they work is crucial for making informed decisions and navigating the mortgage landscape.

What are Interest Rates?

Simply put, the interest rate is a percentage of the loan amount that you pay to the lender over the life of your mortgage. It's like the fee you pay for borrowing money.

How Do Interest Rates Affect You as a Buyer?

Interest rates directly impact two key aspects of your homebuying journey:

1. Affordability:

  • Higher interest rates: Translate to higher monthly mortgage payments. This means you may qualify for a smaller loan amount, potentially limiting your home search options.
  • Lower…

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Selling your home? First impressions matter, and staging can be the difference between a quick sale and lingering listings. By creating a visually appealing space, you help buyers connect with the home and imagine themselves living there. Let's dive into some key staging strategies:

Declutter & Depersonalize:

  • Less is more! Remove excess furniture, belongings, and personal items. Aim for clean lines and uncluttered surfaces.
  • Pack away family photos, souvenirs, and collections. Let buyers envision their own memories in the space.
  • Deep clean! Dust, vacuum, polish, and tackle those neglected corners. A sparkling clean home creates a positive impression.

Focus on Function & Flow:

  • Arrange furniture thoughtfully. Create…

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Congratulations on taking the exciting (and maybe a little scary!) step towards buying your first home! In today's hot market, you might encounter "bidding wars," where multiple buyers compete for the same property. Don't worry, even as a beginner, Our team at Robert DeFalco can help you navigate this process and land your dream home. Here are some key tactics and tips:

Before the War Begins:

  • Get Pre-Approved: This shows sellers you're a serious buyer with secure financing. Aim for a pre-approval amount higher than your ideal budget to have wiggle room.
  • Team Up with a Pro: A real estate agent is your advocate, guiding you through negotiations and local market nuances. Find an agent you trust and communicate openly.
  • Do Your…

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Welcome to our guide on real estate investment strategies tailored specifically for millennials, brought to you by Robert DeFalco Realty. In an era marked by shifting economic landscapes and evolving lifestyles, real estate stands out as a promising avenue for wealth building and financial security. As trusted advisors in the real estate industry, Robert DeFalco Realty is committed to helping millennials navigate the complex world of real estate investments.

Investment Strategy 1: Rental Properties
One of the most traditional yet effective ways for millennials to invest in real estate is through rental properties. With the rise of rental demand driven by factors such as changing attitudes towards homeownership and an increasingly mobile workforce,…

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If you're on the lookout for a property that caters to the needs of your entire clan, you've hit the jackpot. Multi-generation homes are all the rage, and we're here to spill the beans on why they're a game-changer for modern families.

  1. Shared Expenses, Double the Savings:

    • Say goodbye to sky-high utility bills and maintenance costs! With multiple generations under one roof, you can split the expenses and watch your savings soar.
  2. Built-in Support System:

    • Need a babysitter? Looking for someone to water the plants during vacations? Multi-gen homes come with a built-in support system, making daily tasks a breeze.
  3. Quality Time Over Commutes:

    • Cut down on commuting time and invest it in family game nights…

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“You need to be professional, have integrity, and work within great ethics — particularly if you work in a highly regulated space. You must treat people well, appreciate them and reward good behavior internally and externally. The customers’ and clients’ best interests must be considered first and foremost. Honesty, respect and ethical service can become any great company’s hallmark if done correctly. At the end of the day, your personal values reflect how you approach your business.” - Robert DeFalco Owner of Robert DeFalco Realty 


In a recent Forbes article featuring Robert DeFalco, the intricate relationship between organizational culture and business success is explored, revealing that 46% of business leaders attribute employee productivity,…

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Blog

When applying for a mortgage, there are several common mistakes that individuals should avoid to ensure a smoother process and better chances of approval. Here are five mistakes to steer clear of:

1. Not Checking Credit Score: Your credit score plays a crucial role in mortgage approval and the interest rate you'll receive. Failing to check and improve your credit score before applying can result in higher interest rates or even denial of the loan.


2. Ignoring Pre-Approval: Getting pre-approved for a mortgage can give you a clear understanding of how much you can afford. Skipping this step may lead to disappointment if you find a home you love but later discover it's out of your budget.


3. Overlooking Additional Costs: Many homebuyers…

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First-Time Hosting Duties for the Holidays: Practical Tips for Success

Hosting holiday celebrations in your own home for the first time can be a thrilling yet daunting experience. To ensure a smooth and joyful experience, we have compiled some practical tips for first-time holiday hosts.

1. Plan Ahead: The Key to Stress-Free Hosting
Planning ahead is essential. Create a checklist of tasks, from decorating and meal preparation to guest accommodations. A well-thought-out plan will help reduce stress and enable you to enjoy the festivities with your guests.

2. Keep it Simple: Quality Over Quantity
Simplicity often enhances the overall experience regarding decorations, meals, and activities. Focus on quality over quantity to create a warm, inviting…

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Understanding the Life Expectancy of Home Components: A Buyer's Guide

When buying a new home, it's essential to be aware of how long the different parts of the house are expected to last. This information can help you plan and make sure everything is properly maintained. So, let's take a closer look at the typical life expectancy of some of the critical components and systems you'll find in a home:

1. Roofing: Depending on the material used, a roof can last anywhere from 20-30 years (for asphalt shingles) to 50 years or more (for metal, tile, or slate roofs) with proper maintenance.

2. HVAC Systems: These systems usually last 15-25 years, but regular servicing and filter changes can help extend their lifespan.

3. Plumbing: The pipes'…

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The Risks of Selling Your House Without a Real Estate Agent

Selling a house can be an exciting but also a daunting experience, especially when you're considering going the For Sale By Owner (FSBO) route. It's important to know that while selling your home yourself can save you money, it's not as easy as it may seem. There are many risks and challenges involved that you need to be aware of. But don't worry, we've got you covered. In this blog, we'll take a look at some of the potential pitfalls of FSBO and how a real estate agent can help you navigate the home-selling process.

Getting the Pricing Right
The first and most crucial aspect of selling a house is setting the right price. Real estate agents have access to extensive market data and…

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