Elizabeth's Tips

Elizabeth's Tips Invest in Yourself by Owning a Home Investing in yourself by owning a home can bring numerous benefits and opportunities. Here are some reasons why owning a home can be a wise investment: Building equity: When you own a home, you are building equity as you pay down your mortgage. Equity is the difference between the value of your home and the […]
Elizabeth's Tips Should Baby Boomers Buy or Rent After Selling Their Houses? The decision of whether Baby Boomers should buy or rent after selling their houses depends on various factors, including personal preferences, financial circumstances, and long-term goals. Here are a few considerations to help make an informed decision: Financial Situation: Assess your financial position, including retirement savings, income, and expenses. Determine if buying another property aligns […]
Elizabeth's Tips Your Home Equity Can Offset Affordability Challenges It’s important to understand the various ways homeowners can leverage their home equity to overcome affordability challenges. Home equity refers to the portion of the property that you truly own, which is the difference between the property’s market value and the remaining mortgage balance. Here are a few ways homeowners can use their home equity […]
Elizabeth's Tips Today’s Housing Market Has Only Half the Usual Inventory The current housing market is experiencing a significant shortage of inventory, with only about half the usual number of homes available for sale. This low inventory situation has several implications for both buyers and sellers: Increased Competition: With fewer homes on the market, there is increased competition among buyers. This can lead to bidding wars […]
Elizabeth's Tips Four Ways You Can Use Your Home Equity Home equity refers to the value of your home that you own outright, minus any outstanding mortgage balance. It can be a valuable asset that can be utilized in various ways. Here are four ways you can use your home equity: Home renovations or improvements: Using your home equity to fund renovations or improvements can […]
Elizabeth's Tips The Impact of Seasonality on the Real Estate Market Seasonality has a significant impact on the real estate market, influencing both buyer and seller behavior. Here are some key points to consider when discussing the impact of seasonality: Demand and Inventory: The number of buyers and sellers in the market fluctuates throughout the year. Generally, the spring and summer months see increased activity, as […]
Elizabeth's Tips Evaluating Your Wants and Needs as a Homebuyer When entering the homebuying process, it’s important to evaluate and prioritize your wants and needs. This will help you focus your search, save time, and make informed decisions. Here are some key factors to consider: Budget: Determine your budget by assessing your finances, including your income, savings, and expenses. This will help you understand how […]
Elizabeth's Tips Top 10 Reasons to Buy a Home Why should you buy a home? Well, it’s hard to say without knowing a few details about your individual situation, but the below list will seek to cover some of the best reasons one might decide to become a homeowner. 10. It’s yours. Seems simple enough but think of the greater implications of that particular […]
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Elizabeth's Tips The Power of Pre-Approval If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to find the right house and act quickly when […]
Elizabeth's Tips The Impact of Inflation on Mortgage Rates If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a buy a home? Here’s what you need to know. Inflation and the Housing Market While the […]
Elizabeth's Tips We’re in a Seller’s Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a seller’s market. But what does that really mean? And why are conditions today so good if you want to list your house? It starts with the number […]
Elizabeth's Tips Questions for First-Time Homebuyers Now that Spring is quickly approaching, you might be considering taking the leap from renting to buying your first home!  This is a very exciting step to take, but it also comes with a lot of questions.  Before you decide on whether or not you want to purchase a home, take a look at these […]
Elizabeth's Tips Weighing the Benefits of a Home Warranty When you invest in a home, whether it is brand new or beautifully aged, you want to make sure it is protected. Homeowners insurance, which is required when you purchase a home, covers major occurrences like fire and crime. However, homeowners’ insurance will not cover specific parts of your home, like your plumbing or heating […]
Elizabeth's Tips How to Save for A Home Have you been dreaming of owning your own home or even upgrading the one you currently have? With a few simple steps and a little saving, you could be well on your way to move-in day. If home ownership is on your to-do list, follow these simple steps to save throughout this next year. Track […]
Elizabeth's Tips 3 Ways You Can Use Your Home Equity If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan […]
Elizabeth's Tips Signs It’s Time to Sell After Retirement Even the happiest of professionals can admit that they dream of retirement from time to time – and maybe even more frequently. And, why not? For many, retirement means more time to spend with those you love, doing the things you love. But when you’re used to an income that allows you to live a […]
Elizabeth's Tips What’s the difference between Pending or Contingent? Each home listing has a status that’s updated by information that the listing agent feeds into the multiple listing service (MLS). A home listed contingent or pending is under contract, but there’s still a chance for you to buy it. Most purchase offers for the buyer to back out if they can’t get financing, the […]
Elizabeth's Tips What is a Seller’s Disclosure? Here’s Why It’s Important Whether you’re about to purchase a new condo or sell your current home, there is a lot to learn and paperwork to sign. One of these critical documents is called a seller’s disclosure. A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers. This piece […]
Elizabeth's Tips Interest Rates: How Fast and How High Will They Climb? If you’re shopping for a new home now or are hoping for this spring, you probably feel your heart racing a little. The word is out: Mortgage interest rates are on the rise. This means for the same size loan and house, borrowers will have to pay a higher monthly mortgage bill every month. And […]
Elizabeth's Tips 6 Mortgage Tips for Single Parents If you’re a single parent, it’s arguably more challenging to buy a home than for those in a partnership with dual incomes. Yet it’s easy to see why so many single parents are eager to purchase a house. Beyond finding a perfect kitchen and playroom, owning a home is an integral part of building a […]