Category: Real Estate

September 22, 2022 Off

Navigating the Housing Market in a Pandemic

The COVID-19 pandemic has significantly impacted the housing market, but buying a home isn’t entirely different. Affordability remains key, and securing a mortgage has become more challenging due to stricter lending requirements, higher down payments (like JPMorgan Chase’s 20% minimum), and updated income verification. However, historically low interest rates (around 3%) offer a potential advantage for those with stable income and decent credit. Ultimately, the best course of action depends on individual financial circumstances and

September 21, 2022 Off

Selling Your Home in Uncertain Times: Expert Advice

By The Admiral Staff

Amidst pandemic-related economic uncertainty, many homeowners are questioning whether to sell. Real estate experts advise managing expectations regarding price (potentially a 5% discount), preparing for longer market times (especially for higher-priced homes due to jumbo mortgage challenges), and embracing a “virtual” sales process with virtual showings and closings. If a home is already listed, experts recommend staying put to potentially benefit from a market recovery and beat future inventory surges. Proactive steps like decluttering and home improvements can