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How to Bridge the Appraisal Gap in Today’s Real Estate Market

If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever. That’s because some sellers are finding out the hard way that a strong offer...

Mammoth Lakes Real Estate Market Update for July 2021

As of July 1, 2021, the Mammoth Lakes real estate market continues to be hot seller’s market.  What does that mean?  Simply put, it means there are more buyers than sellers.  I continue to receive new buyer calls daily and there are not a lot of options for them.  If/when they do find a property they like, there or multiple offers and often over list price.  The good news for buyers is inventory is...

Buyers Willing To Go the Extra Mile To Win Bidding Wars

Thanks to historically low inventory and high demand for properties, in today’s market, bidding wars are the norm. And in order to give themselves a competitive edge in said bidding wars, many buyers are willing to go the extra mile to make their offers more attractive—including waiving contingencies. According to the most recent REALTORS® Confidence Index from the National Association...

Mammoth Lakes Real Estate Market Update for June 2021

As of June 1, 2021, the Mammoth Lakes real estate market continues to be hot seller’s market.  What does that mean?  Simply put, it means there are more buyers than sellers.  I continue to receive new buyer calls daily and there are not a lot of options for them.  If/when they do find a property they like, there or multiple offers and often over list price.  The good news for...

Could Rising Home Prices Impact Your Net Worth?

Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 This has given an unexpected financial boost to many homeowners during a challenging time. However, for some...

3 Common Mortgage Myths Busted

The process of getting a mortgage can be a complex and confusing one, and all the myths around mortgages certainly don’t make the process any easier. So, the question is, what are some of the most common mortgage myths? A recent article from realtor.com busted some of the most persistent myths around mortgages and the homebuying process, including: The lowest rate is always...

Homebuyers Should See an Increase in Listings Within the Next Year

There’s no denying that we’re in a tough market for buyers. With historically low inventory, high competition, and rising prices, finding a home has been a real challenge. But buyers, get ready, because it looks like things are about to get at least slightly better for people searching for a home. According to data outlined in a recent realtor.com article, about 10 percent of homeowners...

Mammoth Lakes Real Estate Market Update – May 2021

As of May 1, 2021, the Mammoth Lakes real estate market continues to be hot seller’s market.  What does that mean?  Simply put, it means there are more buyers than sellers.  I continue to receive new buyer calls daily and there are not a lot of options for them.  If/when they do find a property they like, there or multiple offers and often over list price.  The good news for...

2021 Home-Buying Insights From Mortgage Lenders

The majority of buyers purchase their home using a mortgage. So, what do mortgage lenders want buyers to know about buying a home—particularly in today’s hot real estate market? A recent article from realtor.com outlined the key insights mortgage lenders want home buyers to understand if they’re planning to buy a home in 2021, including: Get pre-approved from the get-go. Because...

Finding a New Home for Your Next Stage of Life

Imagine the first place you lived as a young adult. Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical.1 A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, would feel stifling. For empty nesters, a large home with several unused bedrooms can become...

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