Bozeman Area Happenings
What Buyers and Sellers Need to Know About the Appraisal Gap
By KCM Team
Posted by Inactive Shanna Shepherd on September 08, 2021 in
uncategorized
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals.
In recent months, it’s become increasingly common for an appraisal to come in below the contract price on the house. Shawn Telford, Chief Appraiser for CoreLogic, explains it like this:
“Recently,... read more
The Difference in Net Worth Between Homeowners and Renters Is Widening
By KCM Team
Posted by Inactive Shanna Shepherd on September 02, 2021 in
uncategorized
Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays in building wealth:
“Home ownership is one of the indicators Americans say is least connected to financi... read more
SELLING WITH A REALTOR OR FSBO (FOR SALE BY OWNER)?
Posted by Nicole Burgan on September 13, 2021 in
uncategorized
Are you getting ready to sell your home and not sure if you want to list with a Real Estate Agent or put it on the market as a For Sale By Owner (FSBO)? There are pros and cons to each decision. .
When thinking about listing your house as FSBO, everything you have to do is encompassed in the name. You will be in charge of the entirety of the sale of your home, posting it on different real estate platforms, scheduling showings, and handling all negotiations and contracts. By selling your home as FSBO you do n... read more
Reasons You Should Consider Selling This Fall
By KCM Team
Posted by Inactive Shanna Shepherd on September 14, 2021 in
uncategorized
If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later.
1. Your House Will Likely Sell Quickly
According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly ... read more
Is a 20% Down Payment Really Necessary To Purchase a Home
By KCM Team
Posted by Inactive Shanna Shepherd on September 27, 2021 in
uncategorized
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle.
That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down ... read more
