Tuesday, March 7, 2023 / by Kenneth Brands
Selling or buying a home can be an exciting, yet daunting task. It’s important to have someone on your side, who knows the ins and outs of real estate, to make sure you are getting the best deal. That’s where Biggs Realty comes in. With a professional, licensed, real estate agent, you can rest assured that all transactions will be handled with the utmost care and expertise. Let’s discuss some of the benefits of enlisting their services.
Experience Matters
The team at Biggs Realty has more than 25 years of experience in helping buyers and sellers navigate the process of selling and buying homes, so you know you're in good hands. From writing offers, to navigating inspections and appraisals, they have seen it all before which means they are better equipped to help you through each step of the process. Plus, their knowledge allows them to negotiate better deals and position their clients for an optimal outcome on each transaction!
Marketing is Key
When it comes t ...
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Monday, March 6, 2023 / by Kenneth Brands
If you're looking for a vibrant and diverse real estate market, North Texas is the perfect place to start your search. Whether you're in the market for a single-family home, a condo, or an upscale estate, there are plenty of options with something for everyone. With its booming economy and numerous cultural attractions, it's no wonder why more people are choosing to call North Texas home.
The current real estate market in North Texas offers potential buyers many benefits. In fact, this area has been rated one of the best places to buy property in the United States. The median sales price of homes in North Texas is increasing steadily as demand continues to outpace supply.* This means that now is a great time to invest in property here and take advantage of these rising prices.
But purchasing property can be an intimidating process and it's important to have an experienced real estate agent on your side. At Biggs Realty, we understand the complexities associated with buying or sellings ...
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Tuesday, February 28, 2023 / by Kenneth Brands
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
The recent uptick in rates has been driven by what’s happening with inflation. Joel Kan, Vice President and Deputy Chief Economist at the Mortgage Bankers Association (MBA), explains:
“Mortgage rates increased across the board last week, pushed higher by market expectations that inflation will persist, thus requiring the Federal Reserve to keep monetary policy restrictive for a longer time.”
The most recent weekly average 30-year fixed mortgage rate reported by Freddie Mac is 6.5%. It ...
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Monday, February 13, 2023 / by Kenneth Brands
As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.
Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows mortgage applications increased last week by 7% compared to the week before.
So, if you’ve been planning to sell your house but you’re unsure if there will be anyone to buy it, this shift in the market could be your chance. Here’s what experts are saying about buyers returning to the market as we approach spring.
Mike Fratantoni, SVP and Chief Economist, MBA:
“Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall. As we enter the beginning ...
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Thursday, February 9, 2023 / by Kenneth Brands
If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. According to a Harris Poll survey, 28% of homeowners have considered using a rental service to temporarily rent out their home for additional income.
Owning a short-term rental can be a tempting idea, but you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.
A Short-Term Rental Comes with Responsibilities
Successfully owning and renting a house takes work. Think through your ability to make that commitment, especially if you plan to use a platform that advertises your rental listing. Most of them have specific require ...
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