Wednesday, February 7, 2024 / by Marie Babin
Buying a home is one of the most significant investments you'll make in your lifetime. To safeguard this investment and ensure that you are making a wise and informed decision, a thorough home inspection is crucial. In this comprehensive guide, Marie Babin Team will walk you through the essential steps and considerations for a comprehensive home inspection, empowering you to make confident choices in the dynamic realm of Real Estate.
Why Home Inspection Matters in Real Estate
Purchasing a home involves more than just falling in love with its aesthetic appeal. A home inspection is a critical step in the home-buying process. It provides you with an understanding of the property's condition, helping you uncover potential issues that may not be visible during a casual walkthrough.
Marie Babin, a respected leader in Real Estate, emphasizes the importance of due diligence before committing to a property. According to her insights, a comprehensive home inspection is a non-negotiable aspecty ...
Sunday, July 11, 2021 / by Marie Babin
How to Bridge the Appraisal Gap in Today’s Real Estate Market
If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.
That’s because some sellers are finding out the hard way that a strong offer can fizzle quickly when an appraisal comes in below the contract price. Traditionally, the sale of a home is contingent on a satisfactory valuation. But in a rapidly appreciating market, it can be difficult for appraisals to keep pace with rising prices.
Thus, many sellers in today’s market favor buyers who are willing to guarantee their full offer price—even if the property appraises for less. For the buyer, that could require a financial leap of faith that the home is a s ...
Thursday, June 17, 2021 / by Marie Babin
Friday, April 30, 2021 / by Marie Babin
You hear it on the news all the time: "It's a buyer's market," "It's a seller's market," or "The housing market is on the rebound." And while you probably get the gist of what these folks are talking about, having a deeper understanding of the housing market and how it works can help you immensely during the homebuying or selling process.
Let's start with the basics
The housing market refers to the general market of houses being bought and sold between buyers and sellers. These houses are either bought or sold directly by owners or indirectly through brokers. Like any market, the housing market is governed by the law of supply and demand. When demand is high and supply is low, the market appreciates. When demand is low and supply is high, the market depreciates.
How inventory affects the value
In the real estate industry, we think of supply and demand in terms of available inventory. You can measure inventory by answering the following question: At the current pac. ...
Tuesday, March 30, 2021 / by Marie Babin
The nice thing about buying a home that you plan to make your primary residence — even though the search and transaction processes aren’t always a cakewalk — is that you know what you like. When you buy a home to fix-and-flip or buy-and-hold as an investor, though, it’s really not about what you like at all. Instead, it’s about what’s popular in the locale, what rents and what sells, and how you can find a deal that will maximize your return.
So what do you need to know about buying an investment property if that’s always been a dream (and even if it hasn’t)? Here’s a quick rundown of the most important tips and guidelines.
Get your finances in order
Unless you’re planning on paying cash for the home, you’ll find quite a few differences between buying a primary residence and buying an investment property. For one thing, there are loan options for individuals and families seeking to buy a home to live i; ...