As you’re buying/selling a home, you may hear the advice to build equity. But what does this mean? First, let’s go over the term equity. Equity is the difference between your property’s fair market value (FMV) and your outstanding balance on your mortgage. Home equity appreciates when you make ... » Learn More about How To Build Equity
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Is it the Right Neighborhood for You?
Note: In Maryland, Realtors providing opinions on the performance of school districts and the quality of neighborhoods can cross into fair housing violations. For most people, the neighborhood is one of the most important factors to consider before buying a home — so how do you know if it’s the ... » Learn More about Is it the Right Neighborhood for You?
Competing in a Multiple Offers Market
If you’re thinking of buying a home today, you already know that the number of homes available for sale is low. But what does that really mean for you? As a buyer, low housing supply, coupled with high buyer demand, means you should be prepared to navigate a highly competitive market where homes ... » Learn More about Competing in a Multiple Offers Market
Spring Real Estate Forecast
The spring real estate forecast is in! Experts agree that it remains a seller's market. Here's what we can expect: For Buyers Higher demand will maintain a seller’s market, but it won’t be as strong as 2021’s peak. Home prices will continue to rise, but at a slower pace than 2021. ... » Learn More about Spring Real Estate Forecast
Creating a Home Budget
Creating a budget can be one of the most challenging steps in the home-buying process. Here are a few simple ways to create a one. Write down how much income you make every month. Note your monthly expenses, and don’t skip out on any. For example: dining and drinks at ... » Learn More about Creating a Home Budget
