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  • Brian Barnhart
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    REMAX Town Center Blog

    Tuesday, September 27, 2016   /   by RE/MAX Town Center

    Five Things to Know: Millennials and Home Buying

    Five Things to Know: Millennials and Home Buying
    RE/MAX



    Millennials are now major players in the home buying arena, according to the recent Home Buyer and Generational Trends report released by the National Association of Realtors:
     
    1. Millennials accounted for 35% of buyers in 2015. This is up from 32% in 2014, and is the third year in a row Millennials have composed the largest group of recent buyers.
     
    2. In 2015, the number of Millennials purchasing in an urban or central city area decreased to 17% from 21% in 2014. Suburbia-phobe? Perhaps not.
     
    3. They have help getting their foot in the door. Twenty-three percent of Millennials used a financial gift for (or toward) their down payment.
     
    4. An online search was the first step for 56% of Millennials, whether they were looking for properties or searching for information about the home buying process.
     
    5. Almost 90% worked with a Realtor to buy their home.
     
    Are you a Millennial lo ...

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    Tuesday, September 27, 2016   /   by RE/MAX Town Center

    Top 5 Buyer Turn Offs for 2016

    Selling a home in today's market can be a bit frustrating. There's all sorts of home staging and property preparation advice out there, and some of it seems daunting or impossible to follow unless you already live in a haute home or have a serious bankroll set aside to whip your place into shape.
    You can't turn a rancher into a Victorian – so don't bother trying. But you do have more control than you may realize over how desirable your listing looks to potential buyers. In order to know what turns a buyer on you need to know what turns a buyer off.
    Here are 6 big-time turn-offs that make buyers cringe at the thought of purchasing your home.
    1. Cluttered, dirty and/or  "fragrant" houses. You already know this one. Every seller does. Yet, even in 2016, the era of Houzz and HGTV, buyers across America walk into homes that would make your mother cringe every single day. The people who come to see your home are making one of the biggest decisions they'll ever make. Clutte ...

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    Thursday, September 15, 2016   /   by Karim Khoury

    4 Things Agents Consider When Setting a Listing Price

    There’s no online calculator for setting the perfect listing price for your home. It takes experience, market savvy, and even a bit of psychology. A strong listing agent can help you set the right, most competitive price for your home. Here are a few things they might look at:


    1. The competition


    Your agent will look at the prices of similar homes in your area that either are currently listed or sold during the past few months. They’ll take into account how many days the properties were on the market, and how the listing prices for those homes differed from the final sale prices.


    2. Market trends


    What’s affecting the market in your neighborhood, and your region? Your agent will consider national factors that shape the real estate market, such as possible rising interest rates, as well as local factors, like whether the average home price in your neighborhood has been rising or falling. They’ll also think about things such as new companies movi ...

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    Friday, September 09, 2016   /   by Karim Khoury

    5 Secret Sources of Down Payment Money

    Whether you are planning to put down a full 20 percent or pulling together the cash for a 3.5 percent down payment for an FHA loan, your down payment might be the biggest single cash expenditure you ever make. Some scrimp and save for years, while others can ready the cash with less difficulty, but no buyer in the history of home buying has ever said they have too much down payment money.
    Here's an insider secret: many buyers have a treasure trove of down payment resources at their disposal, hidden in plain sight. Here's a map to this hidden treasure – a handful of frequently-overlooked sources of down payment funds.
    1. Your budget's biggest  line items. Home buying is one of those push-meet-shove-type situations. If you're serious about coming up with your down payment funds, sit down and backtrack over your monthly budget or your last month's checking account statements. Isolate your top 10 budgetary line items and do an internal gut check on whether there is anythi ...

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    Friday, September 02, 2016   /   by Karim Khoury

    4 Common Mistakes of 1st Time Home Buyers

    First-time home buyers are facing some stiff competition this summer, and while they may feel compelled to make a hasty real estate decision, doing so could lead to financial remorse or home buyer regret, according to Curbed.com. In their article, real estate professionals share some of the most common mistakes by first-time home buyers, including:


    Choosing the most expensive home. Just because you can qualify for a loan to buy that high, doesn’t mean you necessarily should. Some buyers max out how much they spend but then have nothing left over for savings. They get over their head quickly then when they move into home ownership.


    Not shopping around enough. This applies to seeing enough homes and shopping for the right mortgage. “We are in a crazy market, and many buyers feel rushed,” says Mark Ferguson, a real estate professional and creator of Invest Four More. Buyers likely need to be able to act quickly in some areas but they don’t need ...

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