Posts by : Tiffany Hereda

Email Me

 


A Historic Rebound for the Housing Market

Thu, Jul 2nd 2020 9:36 am by Tiffany Hereda Buying

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important?

According to NAR, the Pending Home Sales Index (PHS) is:

A leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.

In re...



No comments

Curb Appeal Is Important When Selling During The Pandemic

Thu, Jun 25th 2020 9:00 am by Tiffany Hereda Selling

You only get to make a first impression once, which is why curb appeal is such a critical part of selling your home. And while curb appeal is always important, it’s especially important now, when COVID-19 is preventing would-be buyers from touring the inside of your home as freely as normal.

While restrictions are being lifted, and life is getting back to some form of normalcy, you will likely still find buyers who are not entirely comfortable going into a lot of homes for quite some time. So, make sure to make the biggest impact you can from the outside while the effects of the pandemic continue to affect how buyers look for their new home.

A recent article from realtor.com outlined si...



No comments

As Pandemic Restrictions Are Loosened, Americans Are Ready To Buy Real Estate

Fri, Jun 19th 2020 10:36 am by Tiffany Hereda Buying

COVID-19 and the resulting stay-at-home orders had many people putting their real estate plans on hold. But as restrictions are lifted and the country continues to open, it looks like the coronavirus has actually made people more eager to buy than they were pre-pandemic.

According to a recent survey from LendingTree, 53 percent of home buyers said they were more likely to buy a home in the next 12 months due to the coronavirus outbreak. There are a variety of reasons these buyers are keen to make a post-pandemic real estate purchase, including taking advantage of lower interest rates (67 percent), being able to save for a larger down payment due to reduced spending (32 percent), and a dr...



No comments

Why “Now” Is The Best Time To Buy Your First Home

Thu, Jun 11th 2020 7:30 am by Tiffany Hereda Buying

Ask any real estate agent if now is a good time to buy a home. Chances are good you’ll probably get the impression that it’s the perfect time to buy a house.

Makes sense, right? Most agents wouldn’t want to discourage anyone from buying a house.

However, it’s almost impossible to truly say that now is the perfect time for someone to buy a house without knowing a lot more about them and their entire situation. It depends upon their personal wants, needs, and qualifications. It depends upon the real estate market overall. It depends upon mortgage rates. And it depends specifically upon the price range and areas they’d be looking in.

There are a lot of variables, so you can’t truly ever s...



No comments

Why Home Prices are Still Rising Despite the Global Pandemic

Thu, Jun 4th 2020 8:15 am by Tiffany Hereda Informational

To say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs, and unemployment figures have pointed to upheaval in the global economy as a result of social distancing measures, which were put in place by governments to contain the global COVID-19 pandemic.

But according to recent data from Realtor.com, there is one statistic that should give homeowners (especially potential sellers) some comfort—home prices still appear to be on the rise. In the week ending April 25, the median home list price ticked up by 1.6% annually, compared to one year ago. The data comes from the 99 largest metropolitan areas.

To be sure...



No comments

How To Check Out A Potential Neighborhood When You’re Following Stay-at-Home Orders

Thu, May 28th 2020 11:09 am by Tiffany Hereda Buying

The coronavirus is completely changing the real estate industry, and stay-at-home orders have presented unique challenges for buyers. Not only are they unable to tour properties in person, but, in some areas, they also can’t walk around the neighborhood and get a feel for whether it’s the kind of neighborhood they want to call home.

But just because you can’t explore an area in person right now doesn’t mean you can’t get a feel for a potential neighborhood—and whether it’s the right fit for you, your family, and your new home.

A recent article from realtor.com outlined strategies buyers can use to “test drive” a new neighborhood while they’re sheltering in place, including:

  • Check out...


No comments

Bumping your credit score could save you more on your mortgage than you think

Fri, May 15th 2020 8:00 am by Tiffany Hereda Buying

It’s no secret that having a better credit score can help save you money on your mortgage. But even though you know you could cut mortgage costs by bumping up your credit score, the amount of money you may be able to save is truly astonishing.

According to a recent study from LendingTree, the average borrower with a “fair” credit score (between 580 and 649) will pay $261,076 in interest over the course of their mortgage. The average borrower with a “very good” credit score (between 740 and 799) will pay just $219,660. That means increasing your credit score from “fair” (between 580 and 649) to “very good” (between 740 and 799) could help you save a whopping $41,416.

The Takeaway:

So,...



No comments

House Not Selling? Here’s How To Revive Your Listing

Fri, May 1st 2020 8:00 am by Tiffany Hereda Selling

If your house isn’t selling as quickly as you’d hoped, now is the perfect time to reevaluate your strategy—and make your home as appealing as possible before the spring real estate boom hits in a few months.

But how, exactly, do you do that?

In a recent article on Forbes.com, real estate experts shared their top tips for reviving a listing, including:

  • Switch up the lighting. Improving the lighting in your home is a simple and relatively inexpensive way to feel the home feel brighter and more open—and adding new light fixtures can improve the look and feel of a room, making it more appealing to buyers.
  • Spruce up your outdoor space. Outdoor space can be a huge selling point to buyers....


No comments

Social Distancing? Use this time to get ready to sell!

Fri, Apr 24th 2020 8:00 am by Tiffany Hereda Selling

Much of the country is practicing social distancing—and doing their part to stop the spread of COVID-19 by staying at home.

Social distancing at home can be a challenge and limit what you can do with your time. But if you’ve been thinking about putting your property on the market, this offers the perfect opportunity to get your home ready to sell.

A recent article from Redfin outlined different ways sellers can productively use this time at extended home to get their properties ready to sell, including:

  • Clear the clutter. Have you been meaning to organize your garage, get rid of old furniture, or finally clean out your closets? Now is a great time to tackle any clutter-clearing proje...


No comments

You Can Still Find Your Dream Home During The COVID-19 Pandemic

Fri, Apr 17th 2020 8:00 am by Tiffany Hereda Buying

In the midst of the coronavirus pandemic, social distancing is our new normal—and could continue to be the norm for the foreseeable future. But staying at home and keeping a safe distance from others isn’t preventing real estate agents from helping their clients or potential buyers from exploring and finding their dream homes—they’re just having to get creative.

Thanks to video conferencing tools like Zoom, Skype, and FaceTime, virtual tours are becoming the go-to method for real estate agents to show their properties—and for would-be buyers to continue to explore homes while they’re social distancing at home. Just how popular are these video walkthroughs? According to recent data from R...



No comments

Tips To Keep Your Home Clean and Virus-Free During The COVID-19 Outbreak

Fri, Apr 10th 2020 10:48 am by Tiffany Hereda Informational

A recent article from realtor.com outlined key strategies for keeping your home germ-free during the coronavirus pandemic, including:

  • Kill germs before they enter your home. Leave cleaning supplies at your front door and disinfect everything before you bring it into the house.
  • Immediately remove and wash your clothes. The coronavirus can live on fabrics. If you go out, make sure to immediately remove your clothes when you return home—and then wash them in the warmest possible water.
  • Focus on high-touch surfaces. It’s impossible to keep every inch of your home 100% clean, 100% of the time. Instead, focus on keeping high-touch surfaces (like doorknobs, light switches, and remote contro...


No comments

Work for Yourself? Be Sure to Avoid These Mortgage Mistakes

Mon, Dec 2nd 2019 7:15 am by Tiffany Hereda Buying

There are currently over 16 million self-employed workers in the United States—and as the gig economy continues to grow, the number of self-employed individuals only stands to increase. But even though working for yourself is becoming more common, it still presents certain challenges when obtaining a mortgage—and if you want to successfully buy a home, you need to know what mistakes to avoid.

According to an article from Realtor.com, there are three crucial mistakes self-employed individuals need to avoid when obtaining a mortgage, including:

  • Erratic income. As a self-employed person, you’ll be required to submit at least two years of federal tax returns. This proves to your lender th...


No comments

Selling Your Home? Don’t Overlook These Key Details

Mon, Nov 25th 2019 7:15 am by Tiffany Hereda Selling

When you’re selling your home, the steps you take to get your property ready for buyers can mean the difference between a quick and profitable sale and your home sitting on the market for months. And often, the best steps you can take to sell your home are the steps that other sellers overlook.

According to a recent article from Realtor.com, there are a few often-overlooked steps you can take to help sell your home faster and for a higher profit, including:

  • Make the right use of your rooms. You might be using rooms in your house for a variety of things (like a bedroom as a playroom or a den as a storage area), but staging each room to reflect its original purpose can help buyers see t...


No comments

Home Maintenance Tasks You Need To Tackle This Fall

Mon, Nov 18th 2019 1:57 pm by Tiffany Hereda Informational

Fall is officially upon us. And while it’s important to take the time to enjoy the changing leaves, mild temperatures, and all-things-pumpkin-flavored, it’s also important to keep in mind that winter is right around the corner.

Fall is the perfect time to tackle the home maintenance tasks that will protect your home when the temperatures dip into freezing territory. According to a recent article from Realtor.com, there are six maintenance tasks homeowners should plan to tackle in the fall to prepare their homes for the winter, including:

  • Properly store your yard equipment. You won’t be mowing your lawn in the snow—so before it gets too cold, make sure to properly store your lawn equip...


No comments

It’s Time We Had A Realistic Discussion About Your Home’s Value

Tue, Nov 5th 2019 7:30 am by Tiffany Hereda Selling

When you go to sell your house, there’s a good chance you’re not going to agree with what a real estate agent suggests for a list price.

It’s one of the most common issues real estate agents deal with, and help homeowners understand.

Problem is… many homeowners don’t necessarily see it as agents trying to help them, so much as convince them to do something they don’t want to do.

Naturally, you want as much as you can get for your home. And, you’ll certainly have your own opinion on the value of your home. You’re totally entitled to your opinion. And it’s totally your call to ignore the agent’s advice, and list your house for as much as you like… if the agent is still willing to work wi...



No comments

8 Issues Sellers Should Address BEFORE The Home Inspector Does

Tue, Oct 29th 2019 7:00 am by Tiffany Hereda Selling

You’ve received an offer on your home and you’re thrilled at the prospect of getting the deal done. But first you need to make it through the next hurdle: the home inspection. In most real estate contracts, a home inspection contingency is in place, allowing the buyer a chance to back out should significant mechanical or structural issues come to light during the inspection.

While you may think your home will pass with flying colors, it’s at this stage that many deals fall through. With so much at stake, it makes sense that sellers would want to do as much as they can in advance to get their home in the best possible shape before this top-to-bottom review. By addressing any problems, s...



No comments

3 Ways Real Estate Agents Actually SAVE You Money During Your Home Sale

Tue, Oct 22nd 2019 7:15 am by Tiffany Hereda Selling

One of the main gripes that people have with real estate agents is their commission. Many homeowners (mistakenly) think, “Why should I pay a real estate agent to do something I’m perfectly capable of doing myself?”

The reason people avoid working with agents is because they think it’s going to cost them money. But in reality, working with a qualified real estate agent is worth far more than what you’ll pay in commission. In fact, working with a real estate agent can actually make the process of selling your home less stressful, less time consuming, and less expensive.

Here are three ways real estate agents more than earn their commission — and can actually save you money — during your...



No comments

The Ten Commandments Of Selling A Home

Tue, Oct 15th 2019 7:30 am by Tiffany Hereda Selling

So your home’s on the market — are you jazzed about getting it sold? Good. But there are a few things you need to know. More specifically, ten things. They’re called “The Ten Commandments of Selling a Home.”

Read them. Absorb them. Emblazon them to memory, because one tiny mis-step can make your dream of moving on to your next home come crashing down like a sandcastle at high tide.

(See below for text transcription)

The Ten Commandments of Selling a Home

  1. Thou shalt vacate the house for all showings.
  2. Thou shalt assume every day is a showing day. Keep it clean and clutter free, with pets properly secured.
  3. Thou shalt not turn off utilities before closing.
  4. Thou shalt fill out pro...


No comments

Do You Need A Real Estate Agent When Buying New Construction?

Tue, Oct 8th 2019 7:45 am by Tiffany Hereda Buying

If you consider buying a new construction home, there’s a good chance you’ll question whether or not you even need to use a real estate agent.

You might even wonder if there’s an advantage to not using a real estate agent…perhaps thinking you can get a lower price, or more upgrades thrown in, if the builder isn’t paying a real estate agent their commission.

Or, you just might not give it any thought whatsoever, and stumble into buying your new construction home, without having your own real estate agent to represent you.

So, do you need to use a real estate agent when buying new construction?

Technically? No.

Should you? Yes.

Beyond Just Signing A Little Paperwork

One reason people...



No comments

A Simplified Guide to Your Home Inspection – Part II

Tue, Oct 1st 2019 7:30 am by Tiffany Hereda Buying

If you have recently gone under contract to buy a home, you may be planning for your physical inspection. A lot of information will be thrown at you in a very short period of time, and a large amount of it is confusing. Hopefully, this will simplify your process. Part I of this article covered roofs, foundation, plumbing and electrical systems. Here, we will cover windows, landscaping, and termites.

Your inspector may recommend new windows. If you are happy with your old windows, they function well, and the casings are in good shape, that is great. But installing new windows is a great way to make your home more energy efficient. New windows are not inexpensive, though. Your window ins...



No comments