Summit Realtors – Homeowner’s Blog

If you've been thinking about buying a home but are waiting for mortgage rates to drop back to the historic lows we saw during COVID...it's time to reset expectations. According to the National Association of REALTORS�, the median age of first-time homebuyers has...

When it comes to real estate, one of the most useful tools for understanding market conditions is something called the absorption rate. Simply put, the absorption rate measures how quickly homes are selling in a specific market. It's calculated by dividing the number...

Buying a home with a VA loan is one of the most valuable benefits available to those who've served our country. But like any powerful program, it works best when you have someone guiding you who understands its unique rules and opportunities. A real estate agent...

Many homeowners are holding back from moving because they don't want to give up their low mortgage rate. But in doing so, they may be missing out on long-term equity gains that far outweigh the interest savings. Let's walk through an example. The Current Situation...

Most of us grow up hearing the same message: "Max out your 401(k). It's the best investment you can make." And it's true�401(k)s are powerful, tax-advantaged vehicles designed to grow steadily over time. But here's what many people never hear: A home is also...

Ever wonder why some homes sell in days while others seem to sit for months? In many cases, it comes down to a few simple and avoidable mistakes. Here are some of the most common reasons homes don't sell as quickly as they could: Priced it too high from the start...

If you're thinking about buying a new construction home, you've probably visited a model home or two and met the salesperson on site. They're friendly, knowledgeable, and helpful but it's important to understand who they work for and why having your own real estate...

For many Americans, pets are more than companions; they're family. And increasingly, those furry, feathered, or finned family members are influencing where people live and what kind of home they buy or sell. In an online poll by Texas REALTORS�, 83% of agents said...

When headlines scream that the Federal Reserve is raising or lowering rates, it's easy to assume your mortgage will be affected immediately. But here's the truth: the Fed doesn't directly control mortgage rates. And understanding the difference could help you make...

An experienced agent can help families navigate inheritance and protect everyone's interests. Selling a home after the loss of a loved one can be emotionally and logistically challenging. In addition to grief, families must often deal with legal procedures, title...