For Buyers | Chuck Norsch, CMPS, MBA

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

by Chuck Norsch | Sep 27, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

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...

Two Reasons Why Waiting a Year To Buy Could Cost You

by Chuck Norsch | Sep 23, 2021 | Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait,...

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

by Chuck Norsch | Sep 22, 2021 | Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials

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...

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need?

by Chuck Norsch | Sep 21, 2021 | For Buyers, For Sellers, Move-Up Buyers

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home....

Is It Time To Move on to a New Home?

by Chuck Norsch | Sep 20, 2021 | For Buyers, For Sellers, Move-Up Buyers

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below):As the graph shows, before 2008, homeowners sold their houses...

Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]

by Chuck Norsch | Sep 17, 2021 | For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Rent vs. Buy

Some Highlights Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple...