The majority of buyers who obtained a mortgage last year made a down payment of less than 20 percent, according to the National Association of REALTORS®’ 2017 Profile of Home Buyers and Sellers. The median down payment in 2017 was 10 percent, according to the report.The bulk of buyers’ down payments came from their personal savings, but a fraction also came from the sales proceeds of a previous residence or assistance from family or friends
Luxury homes sold at a slower pace in 2017, as more properties in the high-end market were put up for sale, according to a new realtor.com® report. The number of million-dollar listings grew by an average of 3.9 percent.Luxury properties—defined as those with a sales price in the top 5 percentile—took 5.4 percent longer to sell in 2017 than in 2016, spending an average of 116 days on the market. Prices of luxury homes also increased 5.1 perc
Open house visitors generally fall into four main categories: The snooper, the confirmation seeker, the aspirational buyer, and the serious buyer. How can you tell them apart? Here are the characteristics of each type: The snooper: They often live in the neighborhood, and they’re curious about competing properties. The confirmation seeker: They recently purchased a home and are looking for validation that they didn’t make a mistake. The asp
Home shoppers are embracing virtual reality, saying they believe the technology will make the buying and selling process simpler and quicker, according to a new Coldwell Banker survey. The survey, which was released Monday—a day before the kickoff of CES 2018, the technology industry’s most prominent tradeshow—also shows that smart-home features are at the top of buyers’ wish lists. Coldwell Banker is sponsoring the Smart Home Marketplace
About Gary Bachelor’s, Master’s and Doctorate in Music Performance Twelve years teaching from middle and high schools to college levels Fifteen years professional musician Director of church choirs 1979 career change to real estate 1982 attained Broker designation status Licensed in Virginia, Network USA Sales well over $100,000,000 Leases and Rentals well over $300,000,000 Educational studies in real estate ongoing Interpersonal skill study
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on becoming a salesperson.
iPro currently deals throughout the states of California, Texas, Florida and New York. We continue to strive and broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on becoming a salesperson.
Borrowers kicked off 2018 with a mortgage rate drop. The 30-year fixed-rate mortgage is now down a quarter of a percentage point from a year ago.“Treasury yields fell from a week ago, helping to drive mortgage rates down to start the year,” says Len Kiefer, Freddie Mac’s deputy chief economist. “The 30-year fixed-rate mortgage fell four basis points from a week ago to 3.95 percent in the year’s first survey. Despite increases in short
A pair of CPU flaws known as Meltdown and Spectre can allow hackers to access protected information on your computer’s memory. This could make your passwords, personal photos and email, or anything else you have saved on your computer vulnerable. The flaws could impact phones, PCs, and servers.Apple on Thursday was the latest company to announce that its devices aren’t immune either. Apple said all of its computers, iPhones, and iPads are aff
It’s an unfortunate reality that not all prospective clients you’ll come in contact with are legitimate buyers or sellers. Some are exaggerating their interest in buying a property, perhaps to take advantage of your expertise—or, possibly for more nefarious reasons.REALTOR® Magazine recently asked real estate professionals across the country what they wish they had known before starting their sales careers and learned some of the reasons
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