Coldwell Banker American Homes Blog
Coldwell Banker American Homes Blog
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June
5
5
How to Win a Competitive Bid for Your Next House
With housing prices continuing to increase due to a low housing inventory, the market is proving to be competitive as buyers attempt to secure their dream home. According to Don Frommeyer, CRMS, President of NAMB (The National Association of Mortgage Professionals), there are several techniques potential buyers can utilize to make sure their offer sticks in the midst of a bidding war.
"Many people think the real estate market is easy for buyers, but in reality, it's still quite vigorous and with fewer houses on the market, buyers must set themselves apart with competitive bids," says Frommeyer.
Below are the techniques Frommeyer suggests considering to maintain a competitive bid:
- Escalation Clauses: An esca...
June
5
5
Real Estate Career Mixer: Michele Muldoon
The Real Estate Career Mixer is just under two weeks away! On June 18th, one of our Local Expert Agents, Michele Muldoon will be in attendance.
Michele Muldoon is an agent in our Wantagh Office. She graduated from Long Island University with a Bachelor's degree in Public Administration. Her work experience after graduation included Morgan Stanley where she worked in Commodities. She later worked extensively in credit and collections on Long Island. Thirteen years ago, she entered the Real Estate Industry, found her niche, and never looked back. She loves helping homeowners and buyers with all of their Real Estate needs. Her customer service...
June
4
4
Real Estate Career Mixer
May
30
30
5 Tips for First Time Homebuyers
Congratulations! You are ready to buy a home. Purchasing a home is an exciting life milestone and is a huge decision with so many factors to consider. Finding the right property can be a challenge for growing families. What may seem like a good fit now may not be the best choice for your family in the long run.
Here are our 5 best tips when buying a home for your growing family:
- Neighborhood - Do your research before looking at homes in neighborhoods that aren't convenient for young families. Look into school districts, local parks, neighbors and proximity to doctors and hospitals. Consider the length of your commute to work so that you can maximize the amount of time you have to spend with your family.
- Space – How many...
May
23
23
Choosing the Mortgage That's Right for You
In early April, Freddie Mac reported that the average rate for a 15-year mortgage increased to 3.39 percent from 3.33 percent the previous month, which is still about a point lower than a 30-year mortgage. While these rates are still historically low, some industry experts predict these low rates won't last long. If you're thinking of going for (or refinancing) a 15-year mortgage, now's the time to do it.
The main benefit, of course, is that a 15-year mortgage allows you to pay off your mortgage twice as fast as a 30-year term, while saving a significant amount of money on interest in the process.
A 15-year fixed-rate mortgage has proved popular with young homebuyers as it enables those with sufficient income to meet the higher monthly payments to pay...