Laurie Wacks's Blog Posts

Forget the Price of the Home. The Cost is What Matters.

Forget the Price of the Home. The Cost is What Matters.Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate.&

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The #1 Reason to List Your House in the Winter

The #1 Reason to List Your House in the WinterMany sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What

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Thinking of Selling Your Home? The Waiting Is The Hardest Part.

Thinking of Selling Your Home? The Waiting Is The Hardest Part.Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The

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Think Prices Have Skyrocketed? Look at Rents.

Think Prices Have Skyrocketed? Look at Rents.Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has

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Depending on the Price, You’re Going to Need Advice

Depending on the Price, You’re Going to Need AdviceTo understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons

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Homes Are Selling Quickly [INFOGRAPHIC]

Homes Are Selling Quickly [INFOGRAPHIC]Some Highlights:The National Association of REALTORS® surveyed their members for the release of their Confidence Index.The REALTORS;

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What You Need to Know About the Mortgage Process [INFOGRAPHIC]

What You Need to Know About the Mortgage Process [INFOGRAPHIC]Some Highlights:Many buyers are purchasing homes with down payments as little as 3%.You may already qualify for a loan, even if you don

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Homeownership is the Top Contributor to Your Net Worth

Homeownership is the Top Contributor to Your Net WorthMany people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist 

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Existing-Home Sales Report Indicates Now Is a Great Time to Sell

Existing-Home Sales Report Indicates Now Is a Great Time to SellThe best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing

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4 Tips to Improve Your Home and Save on Your Energy Bill

4 Tips to Improve Your Home and Save on Your Energy BillAs a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive.

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5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]Some Highlights:Learning the lingo of homebuying is an important part of feeling successful when buying a home.From APR to P&I, you need to

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What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]Some Highlights:The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and

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Homeowners Are Happy! Renters? Not So Much.

Homeowners Are Happy! Renters? Not So Much.When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two

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What Buyers Need to Know About HOAs

What Buyers Need to Know About HOAsWhen searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how

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Things to Avoid After Applying for a Mortgage

Things to Avoid After Applying for a MortgageCongratulations! You’ve found a home to buy and have applied for a mortgage! You're undoubtedly excited about the opportunity to decorate your new

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Everybody Calm Down! This Is NOT 2008

Everybody Calm Down! This Is NOT 2008Last week realtor.com released the results of a survey that produced three major revelations:53% of home purchasers (first-time and repeat

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5 Reasons to Sell This Fall

5 Reasons to Sell This FallBelow are 5 compelling reasons listing your home for sale this fall makes sense.1. Demand Is StrongThe latest Buyer Traffic Report from the National

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What’s the Latest on Interest Rates?

What’s the Latest on Interest Rates?Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more

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Seniors Are on the Move in the Real Estate Market

Seniors Are on the Move in the Real Estate MarketDid you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today

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Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]Some Highlights:Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.To point you in the right

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5 Real Estate Reality TV Myths Explained

5 Real Estate Reality TV Myths ExplainedHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching

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American Confidence in Housing at an All-Time High

American Confidence in Housing at an All-Time HighFannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding

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Rent Vs. Own [INFOGRAPHIC]

Rent Vs. Own [INFOGRAPHIC]Some Highlights:Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living

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Millionaire to Millennials: The Costly Mistake of Not Buying Now

Millionaire to Millennials: The Costly Mistake of Not Buying NowOn his personal website, self-made millionaire David Bach makes a striking statement: “Not prioritizing homeownership

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How to Judge the Impact of the Next Economic Slowdown on Housing

How to Judge the Impact of the Next Economic Slowdown on HousingWe’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know

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3 Powerful Reasons to Buy a Home Now

3 Powerful Reasons to Buy a Home NowWhether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy

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Should You Refinance Your Home?

Should I Refinance My Home?With the recent lower interest rates, many homeowners are wondering if they should refinance.To decide if refinancing is the best option for your family, start by asking

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Home Price Appreciation Forecast

Home Price Appreciation ForecastQuestions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond.We;

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INFOGRAPHIC: Is Your First Home Now Within Your Grasp?

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]Some Highlights:According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.According to NAR’s

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Millennials and the Demand for Condos

Millennials Are Increasing the Demand for CondominiumsWhen deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in

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