Selling a home is considered more stressful than planning a wedding. Yes, you read that right! According to a recent study by Opendoor, selling a home is 35% more stressful than planning to exchange vows. And for many homeowners aged 55 and over, selling a home is often intertwined with major life transitions, adding another layer of emotional complexity. This statistic might surprise some, but it highlights the significant emotional and logistical hurdles involved in […]
Read MoreArticles by: Raise the Bar Team
How to Maximize Your Home Sale Profits
Let’s face it—between repairs, closing costs and commissions, the costs associated with selling your house can add up fast. Case in point: homeowners reported spending $54,616 when selling their homes, according to a recent survey from Clever Real Estate—an amount that was surprising to 42%. Despite the costs, the majority (64%) made a profit on the sale of their home, with the median profit totaling $100,000. With the right strategy, you can maximize your profits […]
Read MoreWhy Buying a New Construction Home Could Be Your Best Move
You may have noticed an uptick in construction and newly built homes. But it’s not just a trend we’re seeing here in Northern Virginia and the Eastern Panhandle. In fact, about one-third of single-family homes for sale today are newly constructed, a dramatic increase from pre-pandemic levels. Let’s dive into why new construction homes are dominating the market and what you should keep in mind if you’re thinking about buying one. The Rise of New […]
Read More6 Tips to Secure the Best Home Insurance Rates
Now, more than ever, having the right home insurance is essential. But with rates on the rise, how do you ensure you’re getting the best coverage without breaking the bank? Let’s explore the ins and outs of home insurance and uncover some strategies to secure the best deal for your home. Understanding the Rising Costs of Home Insurance Since 2019, home insurance rates have surged by 37.8% across the United States. Several factors contribute to […]
Read MoreHow Climate Change is Shaping Where Homebuyers Are Looking
Are climate risks part of your home search checklist? If not, you might be missing critical information that impacts your long-term investment. The Zillow Consumer Housing Trends Report 2024 shows that a growing number of buyers are considering factors like flooding, wildfires, and extreme temperatures when choosing where to buy. In fact, nearly three-quarters (73%) of buyers said climate risks affected their home search. Let’s dive into how climate change is influencing homebuyers in 2024 […]
Read More91% of Buyers Were Surprised About Closing Fees – Don’t Be One of Them
If you’re about to buy a home, you might think you’ve budgeted everything. But are you prepared for all the fees that come with closing? Nearly 91% of buyers in the Zillow Consumer Housing Trends Report 2024 said they encountered at least one unexpected cost during the closing process. Let’s break down these fees and help you avoid the same pitfalls so your closing day goes as smoothly as possible. 1. The Loan Origination Fee […]
Read MoreOpen Houses vs. Digital Tours: Why Both Matter in 2024
When it comes to selling your home, one of the biggest questions sellers have is: “Do open houses still work?” With so many digital tools available, from virtual tours to high-resolution photos, it might seem like open houses are a thing of the past. But in 2024, we’re seeing a comeback. If you’re thinking of selling your home, here’s why open houses might still be one of your best strategies—especially with buyer demand and seller […]
Read MoreHome Renovation Trends to Watch in 2024: What Homeowners Need to Know
Thinking about updating your home? You’re not alone. Over the past five years, 94% of homeowners completed a major renovation project. Whether it’s a fresh coat of paint or a full bathroom remodel, staying on top of the latest trends can help you make smart decisions that add value and enjoyment to your home. But here’s the catch—78% of those renovations came with budget overruns, and many also encountered unexpected delays and even regret. Today, […]
Read MoreHow Buyers are Adapting in Today’s Housing Market
For the first time since 2020, housing affordability improved year over year. This is largely due to a drop in mortgage rates, which have dipped from 7.07% to 6.09% over the past year. While this is undoubtedly great news for home buyers, affordability remains a challenge for many. According to recent data, U.S. buyers now need to earn around $115,000 annually to afford the typical home, down 1.4% from last year. Yet, the average U.S. […]
Read MoreHow the 2024 Presidential Election Might Affect the Housing Market
No matter how many elections you’ve lived through, each one can feel a bit like a wildcard when November draws near and you’re wondering whether you should make a move—or wait until the dust settles. Generally speaking, presidential elections have only a small and temporary impact on the housing market. That said, it’s natural to be curious as to how an election could impact your decision to buy or sell a home this year. So, […]
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