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Real Estate

The coming optimism in the housing market

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There’s no doubt that 2016 was an outstanding year for real estate and the housing market. In fact, National Association of Realtors chief economist Lawrence Yun was reported to say in a January NAR press release (www.nar.realtor) that the 2016 housing market was the best since the Great Recession. There were 5.45 million total existing home sales in 2016, which exceeded 5.25 million during 2015.

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Protect valuables when selling your home

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I often write about preparing your home for a sale. Of course, that preparation is to make your home sell quicker and get the best price. However, preparing your home is more than just deep cleaning, decluttering, and minor repairs. Preparing and planning how to store your valuables will not only keep the prying eyes of nosey home buyers focused on your home’s spaces – it can also thwart would-be criminals.

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Unpacking sets the tone for your new home

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People don’t really give it much thought until they’ve already moved. Maybe that’s the reason for a lack of information and guidance about unpacking. I estimate that for every six articles about packing and moving, there’s probably one about unpacking. And like buying a home and moving; there should be more thought to unpacking because it’s the first activity that makes your new digs feel like home.

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Increasing home ownership by reforming Dodd-Frank

 

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When President Trump was campaigning, one of his talking points was to “dismantle” Dodd-Frank. And after a couple of weeks in office, it seems that it’s next on his “to do” list. While many are already touting the move as controversial and partisan, the reality is that it’s a bipartisan issue. Even Barney Frank was seen on CNBC this past Sunday admitting that his namesake legislation needs reform (video.cnbc.com/gallery/?video=3000590611).

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About FHA home insurance confusion and clarity

 

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There’s been a lot of reporting on Federal Housing Administration mortgages lately, creating some confusion. Of course I’m referring to the controversy surrounding FHA’s annual mortgage insurance premium (also known as MIP). Many were surprised to hear that one of the outgoing directives of the Obama administration was to lower the FHA MIP. And, eleven days later, many were just as surprised to hear that the new Trump administration reversed that directive.

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Choose the best way to sell your home at the best price

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We are only two weeks into the New Year, but the Maryland General Assembly has been busy. So far a number of bills have been introduced that affect home owners, buyers, renters, and landlords. Surely there will be others proposed through legislative session. Because these bills have a way to go before they are signed into law, you have an opportunity to voice your opinions to your State Representatives.

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Choose the best way to sell your home at the best price

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As the housing market strengthens, consumer confidence in real estate increases. Along with a stronger home sale market comes the increase of for-sale-by-owners (FSBO). The obvious upside to selling a home on your own is to increase your net. And a study conducted in 2009 may support your FSBO yearnings.

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And now time for the ‘Greedy’ little home owner/seller

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When there is a buzz about home sellers being greedy, you know home sales are doing well. So, not surprisingly, along with last year’s record home sales came the reports of greedy home sellers. Are home sellers really greedy, or are they adjusting to the market where home prices are increasing?

Greed has developed a bad rap. Surely there is an evolutionary basis for greed. Many believe that early hominids promoted personal and group survival by being “greedy” (although disputed by some).

Those who hoarded food, so as to have more than enough, lived through difficult winters and droughts.

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Paying a premium is at a premium for premium location

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There is an ongoing debate about the value of paying a “premium” for a home site when buying a new home. Certainly, the home builder is seeking to increase their profit margin. But for a home buyer, there is a question of future value.

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