Real Estate Blog
Down Payments and Buying a Home
January 21, 2020
Do You know What Down Payment Requirements Are in Buying a Home?
62% of Buyers Are Wrong About Down Payment Needs
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:
“More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.”
When potential homebuyers think they need a 20% down payment to enter the market, they also tend ... Continue Reading
Tags: Down Payment Requirements, Home Buying
Whether looking to buy a home in Wilmington or Leland, in New Hanover or Brunswick Counties or any other area or County in North Carolina, a home buyer needs to understand mortgage loans, mortgage qualifying, mortgage payment affordability, and the mortgage application process. The reason for this is very basic: most buyers need a mortgage loan to purchase and close on the home to be purchased!
Keeping the Explanation Very Simple!
There are three basic mortgage loans available to home buyers:
Conventional Mortgage: a ... Continue Reading
Tags: Home Buying, Mortgage Information, Mortgages
4 Investments Worth Making in Your First Home
You’ve just bought your first home – congratulations! Now it’s time to make your home feel like, well, home by undertaking some long-term investments that will not only look beautiful, but will also last you for years to come.
In today’s post, we’re offering some advice for first-time homeowners on areas where spending a little bit more is likely to pay off in the long-run. From valuable aesthetic updates in key areas such as ... Continue Reading
Tags: Home Search, Improving Your Home
Wondering What is Going on in the Real Estate Market?
October 15, 2019
Looking at the real estate market, are we in Home Sellers Marker or a Home Buyers Market?
Have homes sales increased? Are real values increasing?
Is the strength of the real estate market due to historically low mortgage interest rates?
What about Economics 101: Demand and Supply?
[embeddoc url="https://davidfialk.com/wp-content/uploads/2019/10/Existing-Home-Sales-Report-Indicates-No...pdf" viewer="google"] Continue Reading
Tags: Real Estate Values
New Hanover County, NC_Real Estate Sales Update
September 5, 2019
[caption id="attachment_5406" align="alignright" width="1024"] New Hanover County, NC Real Estate Market Statistics[/caption]
Cape Fear Realtors®
New Hanover County, NC
Real Estate Sales Update:
Wondering what the real estate market is doing in in New Hanover County, North Carolina in 2019? Curious to see a comparison of real estate sales in 2019 as compared with 2018.
Real estate is local, and yes, real estate market values and sale prices vary from neighborhood to neighborhood. They vary Town to Town and County to County. And yes, ... Continue Reading
Tags: Real Estate Statistics, Real Estate Values
Increasing Your Home’s Value With Improvements and Upgrades
August 31, 2019
Wondering What Improvements/Upgrades Will Increase the Value of Your Home?
Do all home improvements or upgrades increase the value of a home? Will improvements and upgrades increase the value of the home by at least the cost of the renovation?
Cost does not equal value when improving, renovating or repairing a home! Just because a repair or renovations costs X amount, it does not necessarily increase the value of the home by the same amount.
Home Upgrades With the Lowest ROI
File these ... Continue Reading
Tags: Home Maintenance, Improving Your Home
Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter?
(Originally written and posted in 2009 and updated now in August, 2019, with updates in Italics)
Considering taking advantage of the favorable mortgage interest rates? mortgage interest rates below 4%? Considering taking advantage of the drop in real estate prices in 2009? Considering beginning the search process to purchase a home?
Before taking the time to drive around looking for a home, before taking the time to visit Open ... Continue Reading
Tags: Home Buying, Mortgage Pre Approval
David Fialk Real Estate Professional 45 Years
October 6, 2016
David Fialk, New Jersey REALTOR® and Broker Owner of Choice Realty Co., 1144 Green St., Iselin, New Jersey, is now celebrating 45 years in real estate.
If you would like to know what it was like working in the real estate industry for the past 45 years, just talk with David Fialk.
David is an active member of the National Association of REALTORS®, New Jersey Association of REALTORS® and the Middlesex County Association of REALTORS®, serving as Board President in 1987 for MCAR. ... Continue Reading
Tags: David Fialk
By Diana Olick
Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was 46, down from 62 in March and down from the normal pace of 90-120 days, according to the National Association of Realtors.
"I have a seller, his house came on, he got a full-price offer, and he refused to take it because he wanted multiples. ... Continue Reading
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