According to Sam Khater, Freddie Mac’s Chief Economist, mortgage application activity has reached a 25-year low due to high mortgage rates impacting the housing market. Despite this decline in activity over the past year, Khater believes that easing inflationary pressures will lead to lower mortgage rates in 2023. He also stated that homebuyers are waiting […]
Many people spend years living in a property and give little consideration to selling someday. As a result, they tend to neglect maintenance projects that protect the market value. Therefore, if you’re thinking about selling you must realize that buyers will perceive your property to be worth less if they have to assume responsibility for […]
One of the most important reasons for going through the pre-qualification process with a lender is to establish the beginnings of third-party proof that you are financially able to complete a real estate purchase in a reasonable amount of time. The seller will need to know this because they don’t know you and have no […]
Welcome to The Griffin Real Estate Market Update. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to the Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties here’s what happened in November 2022 versus October 2022: Cape Cod Average […]
One of the most important things to remember when you’re building a business is that ‘Nobody’s coming to help you. Real estate agents who are independent contractors are fully responsible for building their own businesses no matter how much help they receive from their brokerage. The key is to build, follow and adjust a simple […]
Getting pre-qualified for a mortgage loan is every smart homebuyer’s first step. Once the buyer knows what they are qualified to spend they can see more clearly what that money is actually buying and help their agent negotiate on their behalf from a position of strength. GRAB OUR FREE COURSES 6 Steps To Home Buyer Success […]
Many sellers prepare to sell their property by comparing the condition of their property to other properties that are currently active on the market, rather than properties that most recently sold. The key is to look at the condition of properties that have already sold and be honest about your comparisons. GRAB OUR FREE COURSES 6 […]
Most real estate agents have never taken the time to write down a clear financial target. In order to get started simply write down an aggressive but realistic amount of money, verify that agents in your area are already doing that, then figure out how many transactions at the median price you’ll need to be […]
Welcome to The Griffin Real Estate Market Update. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to MLSPIN, the marketplace for Boston residential properties, here’s what happened in August 2022 versus July 2022: The Number of SOLD listings decreased by 21% to 26 properties […]
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