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BrickDriven Realty Blog

Friday, February 3, 2023   /   by Shane Kilby

Calculating How Much You Keep After Your Sale

How to calculate the amount of money you’ll keep after your home sale.


The market has been changing lately, and many people have been wondering if it’s a good time to sell their homes. If that is you, one factor that will help you make that decision is knowing how much money you’ll get to keep after you sell. Too many people oversimplify this estimate and end up disappointed. I want to help you avoid that.
Start by using a home value estimate calculator. You can access mine here. This is a free tool that shows you an estimate of how much your home is worth. This is not a guarantee, so know that numbers will fluctuate. However, this will at least help you get a good ballpark figure to start with.
After that, figuring out how much of the money from your home sale that you’ll get to keep is about more than just subtracting your remaining mortgage loan balance from the sales price. Many homeowners have unrealistic expectations because they don’t k ...

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  home selling

Friday, January 20, 2023   /   by Shane Kilby

Your Guide To Turning Your Home Into a Rental

Should you sell your primary residence or turn it into a rental property?


If you’ve been paying attention to the news, you know that inflation is high and the cost of living is increasing almost everywhere. At the same time, home values are increasing, and property taxes are rising with them. If you want to make a wise real estate decision in this environment, what should you do?
There are two main ways for homeowners to get value out of their current properties. First, you can sell the home and get your equity out of it. However, a less conventional strategy is becoming more popular in our area: converting your primary residence into a rental.
How do you do that? First, you need to speak with your lender if you haven’t paid off your mortgage. You typically can’t use a primary residence loan for investment purposes, so you may have to change the terms of your mortgage or wait until it is paid in full. Also, you must have lived in your home for at least 12 ...

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  real estate, home selling

Friday, January 6, 2023   /   by Shane Kilby

What You Should Know About Our Slowing Market

Why our housing market is slowing and how it affects your home.


With the recent interest rate hikes, everyone wants to know if the market is slowing. Yes, the market is slowing down some, but it is still a good time to sell.
 
The number of homes on the market slightly increased. At the same time, buyer demand also decreased. There are a few main reasons why we’re seeing this change. 

First, the Federal Reserve has been fighting inflation by raising rates, which has made it harder for buyers to afford homes. Second, we’re also seeing a change with newly-built homes due to altered zoning laws and code changes.
"The market might be slowing, but it’s still a good time to sell your home."
 
How does all of this affect your home? The drop in buyer demand has already led to immediate changes like fewer offers on properties. Home prices are still increasing, but some experts predict that prices could flatten soon as inventory increases and d ...

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  real estate, market update

Thursday, December 15, 2022   /   by Shane Kilby

Our Christmas Message to You

Our team wants to wish you and yours a very merry Christmas.


Merry Christmas! We hope you and your family have a wonderful holiday. 

We just wanted to take a moment to thank you for your continued support throughout the years. We wouldn’t be where we are today without your help! It truly brings us joy to help you make your real estate dreams a reality. 

If you have any questions, please don’t hesitate to reach out to us. We’re here to help you in any way we can. Have a very merry Christmas!
  ...

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Tuesday, November 8, 2022   /   by Shane Kilby

What Market Opportunities Are Waiting for Buyers?

Three things about the current market that buyers should take advantage of.


With all the news of the recession, changing mortgage rates, and rising inflation, are you wondering if it’s a good time to buy a home? The truth is that today's housing market isn't a challenge; it’s an opportunity. Here are three reasons why you should still consider buying a home today:
1. The intensity of bidding wars is easing up. Month over month, the data shows the number of offers on recently sold homes is declining. That's good news if you've been outbid previously, or you’re just tired of dealing with the frenzy and the crazy market.
 
2. Fewer homes are selling for over asking price. While it's still a very competitive market, the percentage of homes that have sold over list price recently has declined. 

3. The supply of homes for sale is increasing. That means you have more options to choose from in your home search. 
If you're thinking about buying ...

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  real estate, home buying