Home owners and appraisers have differing opinions when it comes to home values. The latest Quicken Loans National Home Price Perception Index shows that the average appraisal was 1.69 percent lower than home owners’ estimated value. The gap between home owner and appraiser values has been narrowing since June, when appraisals were 1.93 percent lower […]
“some of the priciest renovations rarely pay off at resale…” Home renovation television shows give home owners big ideas about how they can spruce up their property. But some of these projects can open up problems for owners whose big remodeling dreams may not have been well-thought out. Realtor.com® recently spotlighted a few renovation plans […]
“58 percent of home owners believe sellers have more power than buyers …” Fifty-two percent of home owners say now is a good time to sell in their neighborhood. This is up from 34 percent who said so last year, according to a survey conducted by the real estate brokerage Redfin. What’s more, 58 percent […]
As temperatures warm up, utility bills can increase … HomeSelfe, a company that offers energy efficiency reports of homes, offers some of the following tips to help home owners save on utility bills this summer: 1. Apply a window film. If you don’t want to install drapes or blinds to cover your windows, consider a […]
Owners are continuing to overestimate the value of their homes. The latest Quicken Loans’ Home Price Perception Index shows that home owners overestimated the price of their home, on average, by 1.95 percent compared to appraisers valuations in April. Home owners in the Midwest and East coast are overestimating their home’s value by the highest […]
Home Sellers See Highest Price Gains In Years … Most home sellers are seeing plenty of equity when selling their home. In March, sellers on average sold for $30,500 more than what they had paid for their home – a 17 percent gain, according to RealtyTrac’s March and First Quarter 2016 Home Sales Report. That […]
Home owners are increasingly optimistic about gaining equity in their homes this year, but they’re still conservative on how much they’ve truly gained. Forty-six percent of home owners with a mortgage say they believe they’ll see their equity increase in 2016, and the majority expect to see a gain by as much as 10 percent, […]
Now that the U.S. has regained its job-creation mojo, as the October employment report showed, the demand for housing is only going to grow. After all, when people have jobs they can break off and form new households—ditching the roommates behind or finally moving out of Mom and Dad’s basement—and that’s what fundamentally drives home […]
Rising home prices over the last few years are finally putting more money back into home sellers’ pockets. Home owners who sold during the third quarter saw an average price gain of $40,658 – or 17 percent – from the purchase price of their property – the highest average price increase for sellers since the […]
Rising home prices, demand from home buyers, and less competition is making 2015 a stellar year to sell for many U.S. home owners across the country. These three factors are behind why this year is shaping up more favorably for sellers: 1. Stronger demand coming from buyers: Sellers in many markets are seeing stronger demand […]