The Eric Stewart Group Blog
Trusted resource for local and national real estate news and trending topics, and everything you need to know about the buying and selling process.
Most homeowners have visited the Zillow website at some point to check their Zestimate value. Some are pleasantly surprised, while others are offended at the low price assigned to their beloved home. Zillow, and many other realtor websites, have been providing real estate valuations for years. So what goes into these property estimates and how much value should we be placing on the provided information?
Earnest money deposits are one of the most critical parts of the home buying process. To show a seller that an offer is serious and made in good faith, a prospective homebuyer will include a check with their offer, for typically 1-2% of the purchase price.
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
Is sustainability important to buyers? When you are buying a home, the financial vernacular can get a little confusing. You have heard of earnest money deposits and down payments, but do you need one over the other? Do you need to accommodate for both? Are they the same thing?
One of the most frustrating aspects of searching for a new home is the time wasted looking at properties that ultimately don't interest you.
CONTRIBUTED BY OUR PARTNERS AT RGS TITLE INSURANCE One of the questions frequently asked when buying a home is “do I really need to have a survey done?” More and more, lenders are not requiring a survey as a loan requirement and the prospect of saving a few hundred dollars is appealing to most buyers.
Defining a legal bedroom may seem simple, but despite clear building codes the process is wrought with grey areas. Requirements differ from county to county, so it's always safer to check with a Realtor or appraiser before you sell your home!
What could be stalling people on buying homes? Inventory is lowand when there are multiple offers skyrocketing prices, your buyers might be intimidated!
If you are purchasing a home and financing it with a mortgage, the bank will require an appraisal of the property to determine its market value. The dollar amount the bank will lend you is based on the appraised value of the house rather than the agreed upon purchase price between the buyer and the seller.
During the sale of your home, you will probably come face to face with an ugly truth - there are certain parts of your house (design and structure-wise) that buyers might not like. It's hard to hear, but read on to learn some of the major aspects of your home that buyers will be looking for and what they really don't care to see (or smell)!
Have you ever considered living on a farm? Trends in the DC Metro lead heavily towards this being a normal question that many people have come to ask themselves. Maybe we wouldn’t jump right into owning a 100 acre farm in North Dakota, but we have been asking ourselves lately: what, exactly, is in the food we eat, and how do we buy it?