Fort Wayne Real Estate News

Have you ever considered renting your house out for passive income? Now is a wonderful time to sell your property, but it’s also an excellent time to rent it out to tenants. I frequently receive the same three main questions about this topic: How much can I rent out my house for? What if rent doesn’t get paid? Who will maintain the property?

With mortgage interest rates hovering near all-time lows, a lot of people are deciding to make a move. Today I want to discuss how these low interest rates impact home sellers.

In case you haven’t heard, the supply of homes in our market is at an all-time low and buyer demand is increasing. Naturally, when there’s high demand and low supply, prices rise. This logic applies to all commodities, and real estate is no different. This means homes must be less affordable than ever, right? Wrong. … Continued

First-time homebuyers ask me and my team this question all the time. Ideally, you want to start a year before you plan on buying. That’s when you want to meet with a real estate agent and do a buyer consultation. A good agent will be able to walk you through the whole buying process during this consultation—how to get a loan, how to negotiate the contract, what happens before and after closing, etc.

Does it make sense to renovate your home before you list it for sale? Most often, the answer to this question is no. Right now, you’re probably not going to get all your money back if you renovate your home. The reason is that ours is such a strong seller’s market that there isn’t a lot of competition for sellers. So if you are thinking about putting your house on the market and you’re concerned about getting the best return, it’s not really worth doing any renovations.

If you’re planning to purchase a home with financing soon, then it’s important that you understand what you can and can’t do with your finances—if you want to qualify for a solid mortgage as quickly and as smoothly as possible, anyway. Here are six things to avoid directly prior to and during the loan approval process:

#1. The Appraiser Works For the Buyer. The appraiser is hired by the lender to evaluate the property. The lender needs to ensure the property isn’t worth less than what the buyer’s paying; they don’t want a loan on an asset that will make the buyer upside down as soon as they close.

Let’s get right to it! #1. Do Your Research I would encourage you to hop on Google and start exploring. Google earth is fantastic. You can take a tour of our city and find so much information from that alone. Another thing you want to figure out are your top priorities for your move. For … Continued

Our average sale price is around $185,000-$190,000 here in Fort Wayne. I’m visiting one of the properties that we are rehabbing for one of our seller clients today. Learn more about our fix and list program here. I thought it would be a great example because it’s an average house in this area. It’s a … Continued