What Does It Mean to Pass or Fail a Home Inspection?
Posted on May 12, 2025 in For Sellers and/or Buyers
First Things First: Home Inspections Aren’t Pass/Fail Tests
Unlike school exams, home inspections don’t come with a grade or a simple “pass” or “fail.” Instead, a licensed inspector evaluates the condition of a property and provides a detailed report on its findings. This report typically covers:- Roof condition
- Foundation and structure
- Electrical syste...
How Fair Market Value (FMV) is Determined: A Clear Guide
Posted on May 05, 2025 in For Sellers and/or Buyers
When buying, selling, or appraising real estate, the term Fair Market Value (FMV) often takes center stage. But what does it actually mean, and more importantly, how is it determined? Whether you’re a homeowner, investor, or just curious about property values, understanding FMV can help you make smarter decisions. Let’s break it down.What is Fair M...
What is a Reverse Mortgage?
Posted on Feb 17, 2025 in For Sellers and/or Buyers
A reverse mortgage is a loan based on the current paid-up value or equity in your home. Instead of making a monthly mortgage payment, your lender can use your equity to pay you a set monthly amount (in regular monthly payments starting at $1,000 or quarterly payments starting at $3,000) or pay out a lump sum to you. While gaining access to this mon...Home Shopping by Generation: How Preferences and Trends Differ Across Age Groups
Posted on Feb 10, 2025 in For Sellers and/or Buyers
The process of buying a home is deeply personal, shaped by life stages, priorities, and cultural trends. From first-time buyers to retirees, generational differences play a significant role in shaping what people look for in a home and how they go about finding it. Let’s explore how home shopping varies by generation and what these preferences reve...Real Estate Terms Every Home Buyer Should Know
Posted on Jan 13, 2025 in For Sellers and/or Buyers
Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy. You don’t need a real estate license to find your dream home, but it does help to become familiar with real estate jargon you might encounter during the process. When searching for a home or applying for a mortgage, you may hear your real estate...Setting Real Estate Goals in 2025: A Blueprint for Success
Posted on Jan 06, 2025 in For Sellers and/or Buyers
As we step into 2025, the real estate market continues to evolve, influenced by technological advancements, economic trends, and shifting buyer preferences. Whether you’re an aspiring homeowner, a seasoned investor, or a real estate professional, setting clear and actionable goals is essential for navigating this dynamic landscape. Here’s how to se...