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While the real estate market in California has cooled compared to the days of dozens of offers per property, buyers are still dealing with low supply issues , according to Danae Aballi , a real estate agent who has worked with over 78% more single-family homes than the average agent in Costa Mesa, California . If buyers can’t find a turnkey home , they sometimes decide the best bet is to “build from the ground up,” said Aballi. So, what is the cost to build a house in California? “It feels like the conversation comes up in almost every transaction,” Aballi says. In the more expensive markets around Southern California, it’s common for buyers to “scrape and rebuild” — buying a property for the land where a large part of a property’s home lies, tearing down the existing home, and building new, she said. Step one: Talk to an expert! Even if you’re just day-dreaming at this point, it’s never too early to ask a local real estate agent for advice on building a house. Get Started ...

Are you curious about current home values in Maryland? Knowing your home’s worth can make a big difference, whether you’re thinking about selling, requesting PMI cancellation , or simply keeping an eye on market trends. In this article, we’ll review home values in the Old Line State, offering insights on current price trends and tips for getting an accurate home value estimate . We’ll also share effective strategies to boost your home’s value and introduce tools to help you get the best price when you’re ready to sell. Already Own a Home? What's It Worth Now? Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator. Get Estimate Editor’s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor. Current home values in Maryland The median home value in Maryland has ri...

Whether you’re buying a house, selling one, or you’re just a curious homeowner, it’s not unusual to wonder if one or more people have died on a property. If you’re a buyer, then knowing when and how someone died at a residence may influence your purchasing decision. When selling, this information may be something you have to disclose to potential buyers and could impact your property’s value. How Much Is Your Home Worth Now? Get a near-instant home value estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate And if you’re just curious about the history of your home , discovering someone died in or around the house may help explain rumors you’ve heard or feelings you’ve sensed about the property — or perhaps for some, the strange noises you hear at night. To help you find out if someone died in your house, ...

If you need to sell your home pronto , you may be wondering if now is a good time. The recent housing market has taken a step back, steadily transitioning from the hot seller’s market of 2023 to a buyer’s market. Existing home sales in June 2024 dropped 5.4% year-over-year, according to the National Association of Realtors (NAR). Additionally, inventory is back on the rise at 4.1 months , an increase from 3.1 months in June 2023. The steady supply of inventory means you can anticipate slightly higher days on market (DOM). So, just how fast can you sell your home ? During a seller’s market like the one we had in the summer of 2023, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. Need to sell your house fast? Consider HomeLight’s Simple Sale option. Sel...

If you’re feeling pressure to sell your home quickly, you may be looking for options. We’ll explain the benefits and reasons for selling a home through an online quote. Then, we’ll walk you through the process. Get a Quick Online Quote For Your House (No Obligation) Sell when you’re ready without the hassle of paying for repairs, prepping for listing, or dealing with showings. Get started with HomeLight’s Simple Sale platform today. Request Offer Who provides instant online homebuying quotes? There are multiple alternatives for selling your home online , with various kinds of companies from which to choose. Here are brief descriptions of some of the different types that offer a near-instant online quote to buy your home: iBuyers: Larger real estate companies that purchase homes that are typically in better condition than homes purchased by investors and flippers. iBuyers are likely to offer more for your home than an investor or flipper. See our iBuyer guide . Small inv...

Being stuck with a house you can’t sell becomes more emotionally and financially draining with every day that accumulates. You start to wonder if you’re just in a slow market (that’s possible), if your real estate agent is failing you (also possible), or what gives. You begin tallying up the costs of property taxes and maintenance you’ll never be out from under, all the while knowing that a stale listing typically sells for less . “I had clients whose home was on the market [for three months] with a listing price of $415,000, and over time they lowered it to $389,000 with little traffic and no offers,” says Rosie Rourke , an award-winning real estate agent in Washington state. “When they finally came to me, we did a little work, listed their home for $389,000, and in 9 days we got it sold.” Every situation and home is different, but here is what top-selling real estate agents , including Rourke, advise sellers in this frustrating position. Sell Your House Fast with an All-Cash ...

When you buy a house with other people, you gain the luxury of sharing the load. Surprise repairs, bills, yard care, and maintenance become a group effort. Sometimes, it’s a chance to go in on a rental property when you can’t afford to do so alone, or maybe you’re buying that vacation house you’ve always dreamed about with friends. But selling a house with multiple owners can be a nightmare scenario if it isn’t planned out. And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting everyone’s valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property. In this guide, we dive into some of the types of co-ownership scenarios you should know about, look at the advantages and disadvantages of each, and lay out tips from the professionals on selling a house with multiple owners. Find a Top Agent to Help Navigate Your Sale Selling a house ...

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. from Keeping Current Matters https://www.keepingcurrentmatters.com/2024/07/29/are-home-prices-going-to-come-down/

How important is calculating the price per square foot by ZIP code of houses during your home search? The average price per square foot in new single-family homes in the U.S. is about $150 in 2024, not including land. Lot costs alone can range between $3,000 and $150,000, depending on location and size. But what about in the specific neighborhoods where you’re looking for a home? When you’re starting out on your homebuying journey , it’s important to use all the tools in your arsenal to determine if a house is priced fairly . Price per square foot, location, and other factors play a large role in determining a home’s price . Buying a House in 2024? If you are thinking of buying a house in 2024, you might be concerned about rising mortgage rates, high prices, and inventory shortages. Working with an expert buyer’s agent will help you navigate this difficult market and win your dream home at a fair price. HomeLight analyzes millions of transactions to find you the perfect agent f...

You have a steady income, a chunk of money saved up, and you’re starting to feel confident about your finances. You think you might even be ready to jump into homeownership once and for all. The only problem? You’re not entirely sure if you can afford to take the plunge . And you’re asking yourself: How much mortgage can I afford? The truth is, home affordability can be a surprisingly complex concept, with a lot of different variables to consider. How do you know how much money you can borrow for a home loan? What factors does the lender look at when deciding how much to loan you? What’s even included in a mortgage payment? And how can you make sure you’re not overspending on your mortgage? If you’re feeling overwhelmed, you’re not alone — and you’ve come to the right place. We’ve enlisted the help of Richard Helali, Mortgage Sales Leader at HomeLight , to walk through the basics on home affordability. Here’s what buyers need to know. Step one: Talk to a few buyer's agents!...

If you find yourself punching “how fast will my home sell?” into your search bar, you’re not alone. Most home sellers want their home sale process to be quick and painless. Unfortunately for sellers, rising inflation and limited inventory in 2024 have helped to cool the real estate market, leading to fewer offers and increased days on market . Still, it’s not exactly a bad time to be a seller, as over 65% of homes are still selling in under a month . Of course, local market conditions matter , as does the condition of your home and whether you work with an agent or choose to sell to a direct buyer. Selling your house to a cash buyer If you need to sell your house fast , you might seek out a direct buyer instead of going the more traditional route of working with an agent. Direct buyers generally purchase property for cash so they can do some work on the home and resell it quickly for a profit. In fact, many of these transactions can happen within a week rather than the 30 to 45 d...

Many renters know that finding affordable housing is tricky these days. As a result, many low-income families turn to housing vouchers to help cover the cost of the rent. More than  5 million households use federal rental assistance  through the U.S. Department of Housing and Urban Development’s Section 8 program, and about 70 percent of those individuals are older people, children and people with disabilities. Still, many renters may not know where to look to find private landlords that accept housing vouchers. Here are some tips, along with an overview of what housing vouchers are and who’s eligible to receive them. What are U.S. Department of Housing and Urban Development (HUD) housing vouchers? HUD’s Housing Choice Voucher Program, also known as Section 8, helps low-income people afford homes to rent, whether it’s an apartment, single-family house or townhouse. A public housing agency (PHA) administers the housing choice voucher. But, it’s up to low-income families t...

When putting in a rental application, you want to represent your worthiness as a tenant as completely as possible. Promoting yourself can only get you so far in the eyes of a potential landlord, but the word of someone else often carries more weight. For this reason, you may want to beef up the materials for your tenant screening. Instead of relying solely on your credit report, documents from a financial institution and even pay stubs, toss in a few references. Different details, from different types of references, can supply information that puts your rental application over the edge with prospective landlords. They could increase your approval odds that the rental property you want becomes yours. What is a credit reference? A credit reference is a document that attests to the creditworthiness of an applicant. The letters can come from a variety of sources, but their goal is the same — to provide detailed information proving you make on-time payments when bills come due. When ...

For those with poor credit, renting a house is difficult. Most landlords require tenants to have a minimum credit score to rent a house. But most people hardly ever check their own scores, nor know how to raise a low one. Before you start looking for that perfect house to rent, consider researching your own credit score, and if it’s too low, take some time to try and raise it. What is a credit score? A credit score is a number that lenders use to evaluate your creditworthiness. Most often there’s an average credit score needed when it comes to renting a property since the score gives landlords insight into how you pay your bills. Credit card companies play a key role in your score since the number comes from your credit history. A low credit score doesn’t necessarily mean you’ve handled your money poorly, it could simply mean you haven’t yet accrued enough of a credit history to bump your score up. Either way, knowing your credit score before you begin your search for a new home ...

Having a rental property today doesn’t mean you have to follow a traditional rental income path. You don’t have to collect monthly rent from tenants who sign long-term leases. There are options. Landlords today can look at a rental property and see it as an investment property. But they can also decide to turn it into an Airbnb rental. There are plenty of reasons why you may want to compare Airbnb vs renting out your home. The biggest argument being over one billion guests , to date, have stayed in an Airbnb. That number shows demand, as well as the benefit of using a vacation rental site to get people into your rental property. However, vacation rentals aren’t the obvious choice, and using your rentals as Airbnb properties may not prove more lucrative or easier than traditional renting. So, take a moment to compare, think about what’s important to you when it comes to a steady cash flow from your property and pick a side. Do you want a rental property or an investment property? ...