Daily Archives :

October 30, 2015

My Home Isn’t Selling—When Should I Give Up?

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It’s the end of the traditional summer buying and selling season, and Debbie Davis is facing a major dilemma. The Allentown, PA, resident put her four-bedroom, three-bathroom house up for sale in March. She figured it would fly off the market—after all, the house is spacious, well-maintained, has a fully remodeled basement, and is in a fantastic neighborhood. What’s not to love? “I did all the things that my Realtor® recommended: painted and decluttered,”…

Enlisting a Drone to Sell Your House Just Won’t Fly

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Once a novelty, high-def videos of homes with sweeping aerial shots like in a Hollywood movie have become a favored sales tool of real estate agents and homeowners. Tempted to jump on the flying bandwagon to sell your house? You may want to put on the air brakes and educate yourself first. Flying a drone isn’t like flying a hobby aircraft—not when it comes to selling your house. The rules were grayer when drone usage was…

Selling Your Home? Better Make Sure It’s Clean Before Moving Out

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Let’s face it: Now that you’ve found a buyer and scheduled the closing, you’re ready to be done with your old home. A clean break! The last thing you want to do is spend the weekend deep cleaning the place for someone else to enjoy. Besides, would it even matter? Actually, yes, it does matter. We feel for you—the temptation to skip out on those last few cleaning chores is strong….

5 Things Your Home Appraiser Wishes You Knew

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So you thought you were in the homestretch because you accepted a great bid on your home? Think again! The closing process has only just begun—and for most sellers, the appraisal can be one of the scariest parts. For starters, lenders often require the use of their own, FHA-approved appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your…

My House Is Literally ‘Making Me Sick’—What Can I Do?

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At realtor.com®, we love to hear from our readers, take their thorniest questions about home buying, selling, and owning, and then tap into our deep pool of industry experts for definitive answers. It’s fun and informative! One of you recently emailed us the following frequently asked question: Q: I have been living in my townhouse less than one year and have recently found out that I have a high level of mold in the house….

Sin City sees high-rolling home prices again

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Strong demand and tight supply has one of the nation’s hardest hit housing markets of the recession getting back on its feet again. Las Vegas home sales surged 14 percent in September from a year ago, according to the Greater Las Vegas Association of Realtors (GLVAR). “At this point, we’re well ahead of last year’s sales pace, which is good news for local homeowners and the housing market,” said 2015…

Zombie foreclosures lurk locally but largely vanish

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They were one of the worst blights of the housing crisis. Zombie foreclosures –abandoned homes in some state of foreclosure but not yet repossessed by banks and put up for sale. In some neighborhoods there were so many, they took up half a block. In others, they stood out, grass un-mowed, trash in the yard, glaring, often dangerous reminders of the worst housing crisis in history. Now, thanks to rising…

Mortgage applications surge 25% on regulation worry

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Another roller-coaster interest rate ride, combined with anxiety over new mortgage regulations, caused borrowers to rush to their lenders last week. Total mortgage application volume surged 25.5 percent on a seasonally adjusted basis for the week ending October 2nd compared to the previous week, according to the Mortgage Bankers Association (MBA). Both applications to refinance and to purchase a home were almost equally juiced. Refinance applications rose 24 percent, seasonally…

Chinese money flows into US housing

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From sunny suburban developments in Irvine, California, to shiny new condominium towers overlooking Manhattan’s skyline, Chinese buyers are sinking cash into U.S. residential real estate. Chinese are now the top foreign buyers of domestic properties, according to the National Association of Realtors, and nearly half of them are paying cash, according to RealtyTrac, a real estate sales and analytics company. Forty-six percent of Chinese buyers paid cash for their U.S….

Housing today A ‘bubble larger than 2006’

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Home prices are gaining steam again, fueled by tight supply amid growing demand. Nationally, home prices were nearly 7 percent higher in August compared to a year ago, according to a new report from CoreLogic. That is a bigger annual gain than we saw during the spring market in May and June. Other monthly reports have shown the same phenomenon. “It is clear that house price growth has picked up…