Housing Report-April Update

March existing-home sales were down compared to 2019. These metrics were influenced primarily by COVID-19 pandemic responses such as social distancing and executive orders to stay-at-home. With that said, the decrease of this statistic was not entirely a collapse in the market. Heading into the pandemic the first part of 2020 presented a strong andContinue reading “Housing Report-April Update”

Learning the Lingo-Closing Agent

Learning the Lingo continues to come from the homeschooling desk/dining room table. The word for the week is “closing agent.” The closing agent or settlement agent is the person or entity that coordinates all closing activities for a property transaction. These activities include signing the mortgage documents, disbursing of funds, and transferring ownerships. The closingContinue reading “Learning the Lingo-Closing Agent”

NAR’s Weekly Update-April 13-17, 2020

Each week the National Association of Realtors publishes highlights from the market and the industry. Here are my takeaways: The real estate industry is adjusting to the COVID-19 pandemic. Over half of the buyers and sellers are slowing down their activity, but there is still business occuring. Real estate activity will not stop. 25% ofContinue reading “NAR’s Weekly Update-April 13-17, 2020”

Learning the Lingo-Addendum

This week’s Learning the Lingo is not in the car on the way to school. School is now in the dining room. The word we pulled for today is a very common piece of every real estate transaction: addendum. An addendum is a document attached to original Purchase and Sale Agreement between two parties inContinue reading “Learning the Lingo-Addendum”

Forbearance vs. Deferment?

Unemployment, furloughs, and reduced earnings have dramatically increased since COVID-19 has shutdown the world. For most Americans, the biggest monthly expense is being impacted: mortgage payment. With this new reality, it does not mean that foreclosures are necessary for homeowners. There are options, and most mortgage lenders will work with homeowners. The current landscape isContinue reading “Forbearance vs. Deferment?”

Stay At Home Improvement: Baseboard Cleaning

By now we know staying at home is not a snow day. Whether you are providing general care for your home or considering an upcoming sale of the property, use this time wisely. There are lots of home improvement activities that we often would let fall to the wayside as they can be meticulous, laboriousContinue reading “Stay At Home Improvement: Baseboard Cleaning”

Learning the Lingo-Listing Agent

We are continuing Learning the Lingo this week with Listing Agent. The listing agent is the real estate agent representing the seller in any real estate transaction. The listing agent’s responsibilities are below: Listing the property in the local MLS. Marketing the property to potential buyers and buyers’ agents. Fiduciary duties to the seller. ProvidingContinue reading “Learning the Lingo-Listing Agent”

Learning the Lingo-MLS

Have you ever been in a situation where a few people were talking about a topic and it sounded as if they were using a foreign language? Maybe they were? How did you feel? Frustrated, confused, ignorant? I have been in that space many times, and I remember before being a Realtor, real estate wasContinue reading “Learning the Lingo-MLS”

COVID-19 Real Estate Changes: Part 1-Video

Times are changing rapidly. COVID-19 is forcing the hands of so many businesses and cultural practices, and it is happening rapidly. We have little choice to adhere to this alterations to our lives, and in many cases they are mere inconveniences. For some though they are life-altering. Over the next few weeks, I am goingContinue reading “COVID-19 Real Estate Changes: Part 1-Video”