On February 16, 2021, President Biden announced the mortgage forbearance program would be extended through the end of June. This announcement has taken immediate pressure off millions of American homeowners that have been adversely impacted by the pandemic.
Home buyers are certain to have questions when looking for homes and their Realtors can be a great source for information. However, there are common questions that Realtors cannot legally answer. Federal, state or local fair housing laws are the reason these questions can't be answered.
We all spent a significant amount of time at home in 2020 due to Covid-19 stay-at-home orders. As we haven't taken vacations and witnessed a lot of political and social unrest this past year, home is our place for comfort. This is true now more than ever.
When purchasing a home, the sales contract allows a specific number of days for you to have various home inspections performed. It typically varies between five and ten business days.
Often times before selling, we focus on preparing and repairing the interiors of our homes before the first potential buyer sets foot inside. We paint, replace flooring, upgrade kitchens and more. While that’s important, it’s also extremely important to focus on the exterior of your home as well.
Real estate agents and experts are expecting 2021 to be a another phenomenal year in real estate. The 2020/2021 winter real estate market is already off to a great start.
Now that the Covid 19 vaccine has rolled out, the economy is coming back and more people feel comfortable buying a home. According to Freddie Mac, interest rates are still historically lower than they've been in over 50 years.
The real estate market is cyclical and can be influenced by many factors. Historically low interest rates and the coronavirus were two factors that impacted the 2020 real estate market.
This past year brought many changes to us all. Stay-at-home orders gave family members the task to learn how to adjust to doing things they used to do outside of their homes, inside their homes.