23 Jul 2024
By RESCO Realty

Why Acting Now Matters in Today’s Real Estate Market

Real Estate, ,
In recent months, the real estate market has been a whirlwind of activity, with home prices steadily climbing and buyer demand outpacing available inventory. This dynamic landscape presents a crucial question for prospective homebuyers: is waiting to purchase a home a wise decision, or could it cost more in the long run? Rising Home Prices One of the most notable trends in the current market is the consistent rise in home prices. Month over month, year over year, the cost of homes continues to climb. This upward trajectory is fueled by a combination of strong demand and limited supply. The…
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19 Jul 2024
By RESCO Realty

Top Surprises When Becoming a New Homeowner

Real Estate,
Talk to any homeowner, and they’ll probably tell you how excited they were when they first bought their home. After living there for a while, they're likely to share some unexpected experiences — both pleasant and challenging. From embracing the freedom of owning their property and building memories to facing unexpected costs and endless maintenance tasks, homeownership is full of surprises. Here are some top surprises to expect: 1. The Amount of Maintenance RequiredThe most common surprise for first-time homeowners is the amount of maintenance required. From keeping the home functional to managing costs, maintenance can feel never-ending. Have a…
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18 Jul 2024
By RESCO Realty

How Appraisals Impact the Sale Price of Your Property

Real Estate, ,
When you're selling your home, one crucial step in the process is the home appraisal. This evaluation plays a significant role in determining the sale price of your property. Here’s a guide to understanding home appraisals and their impact on your home sale: What is a Home Appraisal? A home appraisal is an unbiased estimate of the fair market value of your property conducted by a certified appraiser. Lenders require appraisals to ensure that the property's value is sufficient to secure the mortgage loan amount. Factors Considered in a Home Appraisal: Property Features: The appraiser evaluates your home's size, condition,…
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