Alan Shafran Real Estate Blog

Image result for election effect on housing market

 

It’s no secret that our country as a whole has some deep concerns about our current presidential election. It doesn’t matter if you like one of the candidates or dislike them both, everyone seems to have concerns about how this election will impact the economy and the nation.

Before we get into the analysis of how the 2016 presidential election can and will impact the real estate market, let's first mention the elephant in the room. 

Remember the last few presidential elections?

The most recent U.S. presidential elections have been intense, to say the least. The country remains divided in half, so the races have been close and unpredictable. Each time, people have been so worried about the upcoming election that they threatened to go

197 Views, 2 Comments.
Posted By:

 

 

You Need an Umbrella When You Don't Know It's Going to Rain

Whether buying a beach house in Miami or cabin in Appalachia, you probably need homeowners insurance — but what kind? While you can skip over hurricane insurance in Appalachia, that’s not a nationwide trend, according to a new study. 

With insurance rates and prices rising on a sharp incline, more homeowners are opting out of policies, according to a new Trulia report.

The vast majority of mortgage lenders require homeowners insurance policies. However, if the homeowner pays off the mortgage in full, they are no longer required to hold a policy — so some simply stop paying for it.

The percentage of homes with insurance policies dropped to 89.2 percent in 2014,

71 Views, 0 Comments.
Posted By:

5 Reasons to Sell This Fall | Keeping Current Matters

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

1. Demand is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the

91 Views, 0 Comments.
Posted By:

 

Image result for buying a home in the fall

Spring and summer usually get all the real estate glory with lofty accolades as the best time to buy a home—and, of course, the busiest. Meanwhile, their seasonal sibling, fall, often gets tossed to the leaf pile by potential buyers who might think autumn is just about haunted houses and turkey dinners rather than house hunting.

But surprise! Fall is not only a great time to buy a home, it might also be the best season to find the perfect property (and not just because you can browse the listings while cupping a pumpkin latte).

1. There’s less competition.

Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale — and in some cases, there’s

72 Views, 0 Comments.
Posted By:

  house offer price

 

Manipulating your home’s selling price will take some work, and usually some money. But time and again, these proven strategies make a big difference in final sales prices. Try a few, then prepare to do a victory dance on the big day you get your offer(s).

Tactic 1: Bite the bullet and make smart upgrades

Yes, overall renovations to your home will nudge up the price, although not always as much as you might hope: According to Remodeling magazine’s 2016 Cost vs. value Report, you’ll get back an average of 64% on whatever upgrades you paid for. But that ROI varies widely based on what type of improvement you do. The most profitable upgrade is—drum roll—insulating your attic. It may not be all that sexy, but you’ll recoup 116.9% of your

158 Views, 0 Comments.
Posted By:

 

Myth No. 1: The first step is looking for a house

Perhaps you just want to get a feel for the area. You know, have something in mind before you sit down with an agent. I mean, you’re not really looking yet, right?

Stop right there. Even if you think you’re just browsing, you run the risk of setting your heart on something, only to have it broken.

A buyer might be viewing homes that are in a higher or lower price range than what they are qualified for.

Browsing is always fun, but when it comes to serious home-buying work, you need to make sure your credit is in top-notch shape before you get started for real. Also, don’t forget to get pre-approved for a mortgage before you embark on your home-buying journey. This will determine

200 Views, 0 Comments.
Posted By:

time-to-sell

Paul Bradbury/Getty Images

Most people don’t plan on living in their first (or second or maybe even third) home forever, but knowing when the time is right to put that baby on the market can be tricky.

In fact, it can feel kind of like breaking up with a longtime boyfriend or girlfriend. Deep down, you knew you wouldn’t be with that person forever—but ending things can be way easier said than done.

Sometimes life changes force the issue: There’s little reason for self-doubt or trauma-level angst if you’re relocating to another state or you know your newborn twins won’t fit in your one-bedroom bungalow. But without a pressing reason staring you in the face, it can be hard to know when you’ve outgrown your home.

So how do you know when it’s

139 Views, 0 Comments.
Posted By:

Image result for home buying

With real estate inventory still tight in many markets around the country, home buyers need an edge, and that’s where off-market listings come in. Otherwise known as "pocket listings". These are homes that are for sale but aren’t listed on the multiple listing services. That means the real estate agents selling these properties have to do the legwork to find buyers.

Off-market listings may seem counter-intuitive to the seller. This all poses the question why would a seller want to do a secret listing? Some opt for an off-market listing to test the waters while others go this route for a more private sales process. 

Buyers Get An Edge Over The Competition

For buyers, the benefits of an off-market

55 Views, 0 Comments.
Posted By:

worst-advice


You’ve made the monumental decision to sell your house. Congrats! Now brace yourself for the onslaught of “been there, done that, you must do this” advice. It pours forth from just about everyone who’s ever bought a house, sold a house, or binge-watched three straight seasons of “Love It or List It.”

Let us give you our own little piece of advice: Don’t take everyone’s advice! While friends, family, and the occasional stranger love to wax poetic on how to best sell a home, their 2 cents could end up costing you a bundle.

To make sure you sell your home without a hitch, we’ve compiled these examples of the worst home-selling advice you might hear, and why they could ruin your chances. Beware!

‘Sell your home only in the spring or summer’

253 Views, 0 Comments.
Posted By: