Fun stuff to know about who’s buying and selling real estate ….

And the Survey Says ….. Recently the National Association of REALTORS® conducted their annual homebuyers and sellers survey. This survey gives insight to what is going on in the world of real estate. Though not every buying or selling experience will mirror what is in the survey, but it does give a good idea of the trends in general.  REALTOR.com survey on Home Buying: Sixty-six  percent of recent home buyers were married couples—the highest share since 2001. The median age of first-time buyers was 31, unchanged from 2012, and the median income was $67,400. The typical first-time … [Read more...]

What do you mean that light doesn’t come with the house?

If you have ever read a real estate purchase contract for the Cedar Rapids area, there are some very specific details outlined such as price, contingencies, repairs, etc. One thing that may be overlooked, however, is what exactly transfers with the home. The house, grounds and items permanently affixed to the property are generally known as “real property” and automatically transfer with the property. In other words, a bathroom vanity/cabinet should definitely be part of the house you are purchasing. However, other items such as light fixtures, mirrors, shelving, and appliances are … [Read more...]

Attention First Time Home Buyers!

Check out these tips to make your first home buying experience a success: Weigh the Benefits of Home Ownership Everyone has been telling you that you should buy your own home, so you’ve done your research and weighed the benefits. It all adds up and you’ve decided that it is the best decision for you, which is a major hurdle overcome. Define Your Search Parameters With just a few clicks of the mouse, a home buyer can search through hundreds of online listings and view dozens of virtual tours and photographs of homes and neighborhoods online. By the time you meet with a real estate agent, … [Read more...]

Get Ready to Buy that Home!

Buying a home may not seem like a big deal or it can be very overwhelming. Either way, there are definitely steps you need to do before you begin searching for your perfect home. You may want to keep these in mind when you start your process: Saving enough money for your down payment. The more money you can put down on your home with the initial purchase will reap huge rewards in less interest paid over the life of your mortgage. It also may help you qualify for a lower interest rate and make your mortgage payment lower per month. Figure out how much house you can afford. Keep in mind … [Read more...]