The Kim Perrotti Team - Melrose MA Real Estate North Show Home Show

2 Factors to Watch in Today's Real Estate Market Whether Buying or Selling

2 Factors to Watch in Today's Real Estate Market Whether Buying or SellingWhen it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.

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Why Getting Pre-Approved Should Be Your First Step

getting preapproved first stepIn many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

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What is Private Mortgage Insurance (PMI)?

What is PMIWhen it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

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What is the Cost of Waiting Until Next Year to Buy?

What is the Cost of Waiting Until Next Year to BuyWe recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market.

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What to Look for in Your Real Estate Team

what to look for in your real estate teamHow do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender?

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3 Tips to Succeed in the Real Estate Market Today

3 tips to succeed in todays real estate marketIn today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.

The 3 tips we are going to expand on today come from a recent blog by Trulia entitled, The Skinny on Skinny Inventory. 

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4 Tips for Effectively Making an Offer

4 tips for effectively making an offerSo, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!

Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:

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Buying a Home? Do You Know the Lingo?

buying a home do you know the lingoBuying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.

Freddie Mac has compiled a more exhaustive glossary of terms in their “My Home” section of their website.

Annual Percentage Rate (APR) – This is a broader measure of your cost for borrowing money. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower is required to pay. Because these costs are rolled in, the APR is usually higher than your interest rate.

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Buying this Spring? Be Prepared for Bidding Wars

be prepared for bidding warsTraditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different!

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Homeownership Offers Stability & Wealth Creation

homeownership offers stability and wealth creationThe most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

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5 Myths About Real Estate Reality TV Explained

5 myths about real estate realty tv explainedHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Property Brothers,” and so many more, just in one sitting.

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Is This the Year to Move Up to Your Dream Home? If so, do it early

is this the year to move up to your dream home

It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:

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