In recent years, there’s been a major shift in how wealth is passed between generations, known as the Great Wealth Transfer. Traditionally, transferring wealth from one generation to the next was a gradual process, often involving smaller inheritances or family savings. But today, the scale has grown significantly. As a recent article from Bankrate explains: […]
Key Takeaways: Closing costs are fees required to obtain a mortgage, so it’s important to account for these in your home-buying budget. Closing costs are typically between 2% and 5% of the total cost of your home, which can amount to thousands of dollars depending on your purchase price. Linda Craft & Team have all […]
The year started out very economically promising—low unemployment, a soaring stock market, and an overall thriving economy. And then, the COVID-19 pandemic struck, forcing global closures, business shutdowns, and nationwide stay at home orders. The resulting 2020 unemployment rate has been more than just shocking…it’s also been almost historically high. Soaring 2020 Unemployment Rate Isn’t […]
With unprecedented closures and social distancing measures changing the way we do everything from business to everyday life, the economy has been in a state of upheaval, leaving many would-be buyers wondering if it’s smart to buy a home right now. Some have put their searches on hold, while others have continued on the hunt. […]
Real estate predictions for 2020 are looking pretty positive: interest rates sit at historic lows, prices are strong but stable, and demand is high. But there is one challenge to this optimistic outlook, and it’s a shortage of housing inventory. Housing Inventory Is Shrinking Inventory—the number of homes for sale, that is—isn’t just low. It’s […]
In a lot of ways, buying and selling a home is like a test. You want to make sure you study up on all of the materials and have the right supplies before you get started. But maybe most importantly, you want to make sure you have a teacher that can guide you through the […]
If you’re getting ready to buy a home soon, then you’ve probably heard whispers of an imminent recession—and the real estate market and recessions don’t have a great track record. Although it’s hard not to be plagued by memories of the 2008 recession and the housing market crash, you need to know: the conditions of […]
The internet is an amazing tool, but sometimes, having easy access to all of the information we could ask for can be overwhelming—especially when facing a major decision like buying or selling a home. Which season is the best for buying? How do you price your home correctly? What do you need for your mortgage […]
With summer on its way out and fall just around the corner, it’s prime latte season. Pumpkin spice, maple pecan, salted caramel—some of the best seasonal flavors make their debut! While it’s great to treat yourself to a cup of coffee every now and then, those small expenses can really add up—especially if you’re pinching […]
As of late, there’s been a lot of buzz about home prices going up, and a fair amount of anxiety about what that means for buyers. While some headlines have been announcing an “affordability crisis,” that’s perhaps an over-sensationalization of current conditions. If you’re worried about not being able to afford a home in the […]