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Schedule A Home Inspection Before You List Your Home?

When you put your home on the market, you want it to sell quickly—and profitably. And one of the best tricks you can use to sell your home faster and for a higher price? Scheduling a home inspection before you list.

recent article on Realtor.com broke down the benefits of having your home inspected before you start showing it to potential buyers. Scheduling a home inspection before you put your home on the market gives you a heads-up on any necessary repairs that could lower your home’s selling price (or kill the sale entirely). Knowing what’s wrong with your home gives you extra time to find the right team and schedule repairs (instead of scrambling at the last minute to find anyone who can take the job before you close). And once you have those fixed, it can help you fetch a higher asking price and increase your profit from your home sale.

The Takeaway:
If you’re thinking about selling your home, do yourself a favor and schedule an inspection before you list. Not only will this give you key insights into any necessary repairs, but it can also help you sell your home faster (and for a higher price) once you do put it on the market.

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Are Mortgage Myths Holding You Back From Buying A Home?

According to a recent survey from Fannie Mae, a huge percentage of Americans are overestimating what it takes to secure a mortgage—and those misconceptions about mortgage qualifications could be holding people back from purchasing their dream home.

Fannie Mae’s survey aimed at exploring how well consumers understand the basic requirements for obtaining a mortgage. And what they found were a lot of misconceptions. For example, the average consumer believes you need a 10% down payment and a credit score of 650 to secure a mortgage—when, in reality, you only need a down payment of 3% and a credit score of 580 to qualify. Most consumers (a whopping 77%) aren’t even aware that low down payment mortgage programs exist.

The Takeaway:
Don’t let your misconceptions about mortgages hold you back from buying your dream home. Getting a mortgage might be more attainable than you originally believed—even if you have a less-than-perfect credit score or a smaller down payment.

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2019 Marks 7 Years Of Annual Home Price Appreciation In The US

When you make an investment, you’re hoping that investment will appreciate in value over time—in other words, that your investment will be worth more down the road (whether that’s next month, next year, or in the next decade) than it was when you made your initial investment.

Well, if you’ve invested in real estate in recent years, chances are that hope has come true.

According to a report from CoreLogic, home prices increased 4.4% year over year as of January 2019, which marked seven straight years of annual home price appreciation in the United States. And, according to the report, that trend is projected to continue, with home prices expected to increase another 4.6% by January 2020.

The Takeaway:
Chances are your home is worth more now than it was when you purchased it. So if you’ve been thinking about selling, now is a great time to make a move (and walk away with more cash than your initial investment).