According to NAR’s 2023 Home Buyers and Sellers Generational Trends study, first-timehomebuyers make up about 25% of buyers. Here are the features younger buyers are seeking: 1) Safety and Security Safety is a top priority for first-time buyers. They look for homes located in low-crime areasand with secure features such as a well-lit neighborhood, secure doors and […]
The Pros and Cons of Adjustable Rate Mortgages With mortgage rates remaining higher, many buyers are considering adjustable-rate mortgages (ARM) for their future home purchase. While fixed-rate mortgages provide homeowners with the same interest rate for the duration of their loan, interest rates for adjustable-rate mortgages can change over time. These loans are more complex […]
Key Takeaways Sell your home faster with these easy repair and design tips Minor improvements make a big difference Contact us to sell your home for top dollar in 2023 Thinking about selling your home in 2023? Your property’s interior and exterior look and feelhave a direct impact on the final sale price of your […]
If you want to earn a consistent passive income, renting out a property is one of the most viableways to do so. Being a property owner is also a symbol of prestige if it’s something you’vealways aspired to. The Alfriend Group weighs in on how to transition into being a landlord, asopposed to simply selling […]
I often have questions from buyers, primarily first-time buyers, about the loanapproval process. There are three primary aspects to the loan approval process. Debt-to-income ratios. Down payment. Credit score. First, let’s discuss the debt-to-income question. Debt-to-Income RatioOne of the first steps of the mortgage approval process is the percentage of yourincome going toward your total […]
5 Steps to Easily Downsizing and Moving with Your Pet Like with most things in life, preparation is the key to successfully downsizing with a pet. Clearing out, packing and moving to a smaller home doesn’t have to cause you and your beloved pet anxiety. Following these five steps from Alfriend Group can make this […]
Last week as I was coming back from the Irish Festival, a friend of mine reached out to me out of the blue about a conversation we had a little while back. He said he was looking to start building a rental portfolio and asked “What are 3 things you wish you knew before getting […]
Housing Market Update Rising interest rates and inflation are beginning to take their toll on the local real estate market! Last month, homes sales dropped 9.7% while pending sales were down 14% suggesting July sales will also be down from last year. “Higher interest rates and inflation along with escalating home prices are all working […]
Housing Market Update Despite an increase in interest rates, home sales hit a record high in May! In 2021 the average sales price in May was $315,127 while, last month, the average sales price reached $353,116, a 12.1% increase. Furthermore, fewer homes in Central Ohio required a change in the list price compared to last year. […]
Mortgage rates may have inched up recently, but it’s not too late to think about buying your first home. To avoid regrets, consider these tips to help you decide whether you’re ready to take the plunge and buy a forever home or simply test the waters with a starter home. Location and Price Usually the […]
