Grand Valley Happenings

Is It Enough To Offer Asking Price in Today’s Housing Market?

By KCM Team
Posted by Shanna Shepherd on April 25, 2022 in  uncategorized
If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers should... read more

Why Pre-Approval Is an Important Step for Today’s Homebuyers

By KCM Crew
Posted by Shanna Shepherd on April 19, 2022 in  uncategorized
Being intentional and competitive are musts when buying a home this season. That’s why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains: “The lender will check out your personal finances and issue you a letter confirming the amount you’re eligible to borrow. This not only gives you a firm budget for house hunting,&n... read more

The Future of Home Price Appreciation and What It Means for You

By KCM Team
Posted by Shanna Shepherd on April 08, 2022 in  uncategorized
Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For example, Odeta Kushi, Deputy Chief Economist at First American, tweeted just last week on this issue: “. . . We do need price appreciation to slow today (it’s not sustainable over the long run) but hi... read more
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