When you buy a home, one of the biggest financial benefits comes from the opportunity to build equity over time. Building equity in a home means gradually increasing the portion of your property that you truly own. You can do this in two main ways: either by paying down your mortgage if you have one, or by increasing your home’s market value. If you’re planning to sell your home in the near or...
After the home inspection, the buyer receives a detailed report of the home’s condition and may request repairs, ask for credits, renegotiate the price, or in some cases, walk away if serious issues are uncovered. For sellers, knowing what comes next can mean the difference between a smooth closing or a deal falling through. Whether you’re selling a home in Austin, TX, Seattle, WA, or Atlanta, GA, this...
A listing agreement is one of the first and most important documents you’ll encounter when selling your home. It’s a legally binding contract between the property owner (seller) and a real estate broker (and their agent) that authorizes them to market and sell your property. For sellers, understanding the terms of a real estate listing agreement is essential. It not only sets the expectations for how...
The U.S. housing market finally favors homebuyers, but few can afford it It’s a buyer’s market, meaning buyers have the upper hand. Following the pandemic-fueled seller’s market in 2021, sellers now outnumber buyers by over 500,000 due to two years of rising mortgage rates and prices. Affordability remains the sticking point for everyone, though: Most buyers can’t afford a home, which is leading...
The clause “inspection for informational purposes only” became popular in the competitive housing market during the pandemic. You may have seen it in an offer, or even used it yourself. While the term sounds simple, buyers and sellers don’t always agree on what it means once the purchase and sale agreement is signed. An inspection for informational purposes only means the home inspection is for...
Finding your dream home often starts long before an in-person visit. Virtual house tours have become an incredible tool, offering a convenient way to explore properties from anywhere. So, whether a potential buyer is currently living in Atlanta, GA, and is looking to buy your home in Portland, OR, they can still virtually tour your home, no matter the distance, so you can appeal to more people for a home...
If you’re shopping for a home, you may come across properties listed “as-is.” This means the seller isn’t making repairs or offering credits for defects and the buyer must be willing to accept the home exactly as it currently is. In this Redfin article, we’ll cover what you need to know about buying a house “as-is,” and whether it’s the right option for you. So, whether you’re buying a...
Flooring experts weigh in on when it's actually time to begin...
Heat waves continue to affect most of the U.S. this summer. Here's how you can protect your HVAC system during the heat and conserve energy...
Selling a home comes with many decisions, and one of the biggest is choosing how you want to list and market your property. Traditionally, sellers work with a full-service real estate agent. But with the rise of alternative listing models, many homeowners are now considering flat fee MLS listings as opposed to the traditional realtor. This option allows you to pay a one-time, fixed fee to get your property...
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