Dustinpurtan.com Real Estate

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3 Hot Topics In The Housing Market Right Now

Just Now . 45 people watched

For real estate, innovations like digital documentation, virtual tours, and video chat enable agents to connect with clients no matter their location. These options are ideal for prospective buyers and sellers who aren’t local to the area or those that need the added flexibility signing documents online or doing virtual tours provide.

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A Look At Housing Supply And What It Means For Sellers

Just Now . 55 people watched

One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers.

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The Right Expert Will Guide You Through This Unprecedented

1 days ago . 59 people watched

A real estate agent can be your essential guide through this unprecedented market, but truth be told, not all agents are created equal. A true expert can carefully walk you through the whole real estate process, look out for your unique needs, and advise you on the best ways to achieve success.

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How To Make A Winning Offer On A Home

3 days ago . 37 people watched

A real estate professional should be the expert guide you lean on for advice when you’re ready to make an offer. 2. Understand Your Finances. Having a complete understanding of your budget and how much house you can afford is essential. The best way to know this is to get pre-approved for a loan early in the homebuying process.

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47% Of New Buyers Surprised By How Affordable Homes Are

6 days ago . 56 people watched

Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23%

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Sellers Are Ready To Enter The Housing Market

1 days ago . 46 people watched

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market.

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Remote Work Has Changed Our Home Needs. Is It Time For

3 days ago . 55 people watched

According to the latest Top Ten Issues Affecting Real Estate from The Counselors of Real Estate (CRE), many homebuyers are already taking advantage of their newfound flexibility: “. . . after years of apparent but variant trends towards urbanization,

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Home Prices: What Happened In 2020

6 days ago . 34 people watched

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division

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3 Things To Prioritize When Selling Your House

2 days ago . 47 people watched

This creates the best environment for bidding wars, which in turn are more likely to increase the final sale price. A real estate professional is the best person to help you set the best price for your house so you can achieve your financial goals. 2. Keep Your Emotions in Check. Today, homeowners are living in their houses for a longer period

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Don’t Wait To Sell Your House

4 days ago . 31 people watched

That’s exactly what’s happening in the real estate market today. Bottom Line. As vaccine rollouts progress and we continue to see the economy recover, more houses will come to the market. Don’t wait for the competition in your neighborhood to increase. If you’re ready to …

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5 Things Homebuyers Need To Know When Making An Offer

9 days ago . 54 people watched

3. Lean on a Real Estate Professional. While homebuying may seem like a whirlwind process to you, local real estate agents do this every day, and we know what works. That expertise can be used to give you a significant leg up on your competition. An agent can help you consider what levers you can pull that might be enticing to a seller, like:

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4 Reasons People Are Buying Homes In 2021

7 days ago . 41 people watched

According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles.As many of us spend extra time at home, we’re reevaluating what “home” means and …

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Hope Is On The Horizon For Today’s Housing Shortage

6 days ago . 54 people watched

Things are starting to look up for residential real estate inventory. As the country continues to reopen, more houses are likely to be listed for sale. However, as long as buyer demand remains high, it will take time for the balance between supply and demand to truly neutralize.

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82,338 Great Reasons To Buy A Home Today

5 days ago . 40 people watched

Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows: 2021: 6%. 2022: 4.5%. 2023: 4%. 2024: 3.6%. 2025: 3.5%.

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To Renovate Or Not To Renovate Before You Sell

2 days ago . 47 people watched

“The 2020 Cost vs. Value report shows a predictable increase in costs for all 22 remodeling projects but a consistent dip in the perceived value of those projects at the time of home sale, as estimated by real-estate professionals in more than 100 metro areas across the U.S.

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How Misunderstandings About Affordability Could Cost You

2 days ago . 57 people watched

Instead, the home buying investment simply converts some portion of an existing expense (renting) into an investment in real estate.” It explains that you still have a housing expense (rent payments) even if you don’t buy a home. You can’t live in your 401K, but you can transfer housing expenses to your real estate investment.

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Americans See Real Estate As A Better Investment Than

4 days ago . 54 people watched

This year, 41% choose real estate as the best investment, up from 35% a year ago, with stocks a distant second.” Here’s the breakdown: The article goes on to say: “The 41% choosing real estate is the highest selecting any of the five investment options in …

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Some Buyers Prefer Smaller Homes

8 days ago . 32 people watched

“In a real estate market that is tipped in the favor of sellers, boomers and older homeowners are really the ones holding the cards…Those who are selling homes can use the profits to help them buy new ones.” As a homeowner today, you likely have equity that can be put toward the purchase of your next home. With the equity growth homes

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Don’t Be Fooled By Remarkable Real Estate Headlines

6 days ago . 54 people watched

This spring’s real estate market will bounce back with more normal seasonal sales increases. The percentage increase in sales will be astronomical – not because sales have skyrocketed, but instead because they will be compared to last year’s low numbers. Bottom Line. There are likely to be some sensational headlines about real estate over

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Don’t Forget To Budget For Closing Costs

5 days ago . 42 people watched

Work closely with your real estate agent, lender, and attorney, if you have one, to get all the documents you need ahead of time. The most important thing to read is the closing disclosure, which shows your loan terms, final closing costs, and any outstanding fees.

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Will The Housing Market Maintain Its Momentum

1 days ago . 46 people watched

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling.

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When It Comes To Selling A House, Your Time Is Money

9 days ago . 53 people watched

If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations.

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2021 Real Estate Myth Buster [INFOGRAPHIC]

6 days ago . 42 people watched

2021 Real Estate Myth Buster [INFOGRAPHIC] Posted on March 26, 2021 by dustinpurtan. Some Highlights. There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.

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Will Low Mortgage Rates Continue Through 2021

1 days ago . 46 people watched

Working with a trusted real estate professional to navigate the process while rates are in your favor might be the best move you can make. Bottom Line. If you’re ready to buy a home, it may be wise to make your move before mortgage rates begin to rise. Let’s connect to discuss how today’s low rates can create more opportunities for you

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Home Price Appreciation Is As Simple As Supply And Demand

3 days ago . 58 people watched

Let’s use three maps to show how this theory continues to affect the residential real estate market. Map #1 – State-by-state price appreciation reported by the Federal Housing Finance Agency ( FHFA ) for the first quarter of 2021 compared to the first quarter of 2020: As the map shows, certain states (colored in red) have appreciated well

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5 Tips For Homebuyers Who Want To Make A Competitive Offer

4 days ago . 59 people watched

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. 1.

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Americans Choose Real Estate As The Best Investment

9 days ago . 52 people watched

Some Highlights. For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history.; Let’s connect if you’re ready to make real estate your best investment this year.

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Patience Is The Key To Buying A Home This Year

2 days ago . 47 people watched

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now.The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few houses for sale.

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Will The Housing Market Bloom This Spring

7 days ago . 41 people watched

If you pressed pause on your real estate plans over the winter, let’s chat to determine how you can re-engage in the homebuying process this spring. Source: KCM. Posted in Breaking News Tagged dustin purtan. EXP REALTY, LLC OHIO HEADQUARTERS 159 Crocker Park Blvd. Suite #400

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Don’t Sell On Your Own Just Because It’s A Sellers’ Market

1 days ago . 65 people watched

In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional.When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO.

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Should I Move Or Refinance

2 days ago . 26 people watched

Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. According to the first-quarter 2021 U.S. Home Equity Report from ATTOM Data Solutions : “17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by

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How Upset Should You Be About 3% Mortgage Rates

2 days ago . 48 people watched

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market.

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Latest Jobs Report: What Does It Mean For You & The

9 days ago . 56 people watched

What does this mean for residential real estate? Today, the biggest challenge for homebuyers is the lack of homes currently for sale. With listing inventory down 52% from a year ago, bidding wars are skyrocketing. As a result, home prices are climbing. One answer to this challenge is to build more homes to satisfy the demand.

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What Is The Strongest Tailwind To Today’s Recovering

5 days ago . 55 people watched

Real estate has been, and remains, the foundation of wealth building for the middle class and a critical link in the flow of goods, services, and income for millions of Americans. Accounting for nearly 18% of the GDP, real estate is clearly a major driver of the U.S. economy.”

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Your Tax Refund And Stimulus Savings May Help You Achieve

7 days ago . 58 people watched

Your trusted real estate professional can also advise you on the down payment assistance programs available in your area. Bottom Line. Saving for a down payment can seem like a daunting task, but it doesn’t have to be. This year, your tax refund and your stimulus savings could add up big when it comes to reaching your homeownership goals.

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There’s No Reason To Panic Over Today’s Lending Standards

1 days ago . 62 people watched

When the real estate market crashed, so did the MCAI (to below 100) as mortgage money became almost impossible to secure. Thankfully, lending standards have eased somewhat since. The index, however, is still below 150, which is about one-sixth of what it was in 2006.

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The Reason Mortgage Rates Are Projected To Increase And

3 days ago . 56 people watched

“You know, the fallacy of economic forecasting is don't ever try and forecast interest rates and/or, more specifically, if you're a real estate economist mortgage rates, because you will always invariably be wrong.” Many things impact mortgage rates. …

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About dustinpurtan.com real estate

Today’s Real Estate Market Explained Through 4 Key Trends Posted on July 22, 2021 by dustinpurtan As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books.

Website: dustinpurtan.com

Total: 38 New Post

FAQ?

What is the best real estate market?

According to a new report by Zillow, these are the hottest markets for 2021:

  • Austin, Texas
  • Phoenix
  • Nashville, Tennessee
  • Tampa, Florida
  • Denver

How much does it cost to sell a house?

The cost ranges from about $500 to $1,000. The title company will run a title search on the property during the sale process. If a lien on your home is revealed, you’ll also need to settle it before you can sell the house.

Is it time to sell real estate?

Yes, you should sell an investment property in a sellers market if the profit you earn will outweigh the future property value growth and the passive rental income you'll miss out on by selling. In a sellers market, conditions favor sellers with faster sales, fewer price cuts, and offers very close to or even sometimes above asking listing prices.

What every first-time home buyer needs to know?

  • Annual percentage rate (APR): The amount paid in interest and fees over a year.
  • Appraisal: The assessment and valuation of a home's worth. ...
  • Closing: The last step of home buying. ...

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