CBDP Happenings

What Buyers and Sellers Need to Know About the Appraisal Gap

By KCM Team
Posted by Inactive Shanna Shepherd on September 08, 2021 in  uncategorized
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on the house. Shawn Telford, Chief Appraiser for CoreLogic, explains it like this: “Recently,... read more

The Difference in Net Worth Between Homeowners and Renters Is Widening

By KCM Team
Posted by Inactive Shanna Shepherd on September 02, 2021 in  uncategorized
Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays in building wealth: “Home ownership is one of the indicators Americans say is least connected to financi... read more

Reasons You Should Consider Selling This Fall

By KCM Team
Posted by Inactive Shanna Shepherd on September 14, 2021 in  uncategorized
If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly ... read more

Is a 20% Down Payment Really Necessary To Purchase a Home

By KCM Team
Posted by Inactive Shanna Shepherd on September 27, 2021 in  1st time buyer
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down ... read more

If You're a Buyer, Is Offering Asking Price Enough?

By KCM Team
Posted by Inactive Shanna Shepherd on September 27, 2021 in  uncategorized
In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle. Things Are Different Today Today’s housing market is anything but normal. According to the National Association of Realto... read more
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