Pre-Approval in 2023: What You Need To Know
EXIT Greater Realty 1 year ago

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

“In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you may be approved to borrow, and what your rate could be.”

Basically, pre-approval gives you critical information about the homebuying process that’ll help you under...
Think Twice Before Waiting for 3% Mortgage Rates
EXIT Greater Realty 1 year ago

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Today, the rate of inflation is starting to drop. And as a result, mortgage rates have dipped below last year’s peak. Sam Khater, Chief Economist at Freddie Mac, sh...
Is It Time To Sell Your Second Home?
EXIT Greater Realty 1 year ago
During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent article, Investopedia shares additional factors that push a home into this category: location, such as a home on the water or in a desirable city, and featu...
3 Best Practices for Selling Your House This Year
EXIT Greater Realty 1 year ago

A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.

A great way to ease some of those emotions and ensure you’re feeling confident in your decision is to keep these three best practices in mind.

1. Price Your Home Right

The housing market shifted in 2022 as mortgage rates rose, buyer demand eased, and the...
Vision Board Night at EXIT Greater Realty
Lana Mohs 1 year ago

Every year we make a Vision Board and fill out a Business Plan/ Life Plan for the year.

We would like to share this with all the communities we are in. EVERYONE is welcome to attend this Free EVENT!!! 

We will have the supplies for you to create your vision boards. You can also bring your own pictures or stickers to put on the boards. This is open to everyone in the community. Lana Mohs will speak about what a vision board means and Glenn Mohs will talk about why a plan is important!Coffee, Tea...
EXIT Greater Realty 1 year ago

If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real Estate Industry Consultant, explains:

“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content...
What Makes a House a Home?
EXIT Greater Realty 1 year ago
What Makes a House a Home

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.

Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be ju...
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