Don Ritchie's Blog Posts

7 Reasons To List Your Home This Holiday Season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes

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Veterans Affairs Loans By The Numbers

Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. So far in,

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5 Reasons Homeownership Makes Cents

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction.

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Low Inventory Causes Home Prices To Maintain Fast Growth

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking

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Why Sell Now Instead Of Later The Buyers Are Out Now

Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However,

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Thinking About Buying Know Your Credit Score

Thinking About Buying? Know Your Credit Score Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward

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Buying A Home Can Be Scary Unless You Know The Facts

Buying a Home Can Be Scary... Unless You Know the Facts Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO®

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The Cost Of Renting Vs Buying A Home

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today .

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Wondering If Its Time To Downsize

Wondering If It’s Time To Downsize?Posted by AskHomesale.com on October 16, 2017Whether your children are going off to college, your home costs have become unmanageable, or you want to boost your

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Hiring An Agent To Sell Your House May Cost You NOTHING

Hiring an Agent to Sell Your House May Cost You NOTHING! There is no doubt that it is easier to sell your house when using the services of a local real estate.

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Builder Offering To Pay Off Student Loans For Buyers

Millennials are on track to become the most educated generation in history. This means they are also the generation with the most student debt. Depending on the type of degree earned, as well as the

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No You Do Not Need 20 Down To Buy NOW

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to

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The Truth About Homeowner Equity

A recent article from a reputable news source was titled: Here's why some homeowners still can't sell. In the opening bullets of the article, the author claimed, “Negative

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A Tale Of Two Markets A 6Month Update

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter

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You Dont Want To Hear This From Your Listing Agent

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the

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What To Look For In Your Real Estate Team

How 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

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7 Telltale Signs Its Time To Sell Your Home

Posted by AskHomesale.com on September 25, 2017Most people don’t plan on living in their first or even second home forever, but knowing when it’s time to move on can be tricky. Sometimes life

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How To Get The Most Money From The Sale Of Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here

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Homeownership Is A Precondition Of The American Dream

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed

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Happily Ever Homeowner

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that

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How Supply And Demand Impacts Real Estate Home Values

Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!

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Homeowners Do You Know Your Homes Value

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the

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How Your Homes Value Grows Your Familys Wealth

Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home

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14904 Homes Sold Yesterday Did Yours

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into

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Top 5 A Reasons To Hire A Real Estate Pro

Some Highlights: Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make! A

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Empty Nesters Best To Remodel Or Time To Sell

Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make:

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Number Of Buyers Putting Down Less Than 10 Hits 7Year High

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12

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Where Are The Home Prices Heading In The Next 5 Years

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, 

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Dont Disqualify Yourself 52 Of Approved Loans Have A FICO Score Under 750

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750 The results of countless studies have shown that potential home buyers, and even current

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Want To Keep Up With The Joneses Nows The Time

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream?

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Why Is It Important To Use A Professional To Sell Your Home

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most

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Sellers Your Home Is An Oasis In An Inventory Desert

Sellers: Your Home is an Oasis in an Inventory Desert First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in

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Homes Are Selling Quickly Nationwide

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in

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Homeowners Net Worth Is Still Greater Than A Renters

Homeowner's Net Worth Is Still Greater Than a Renter's Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all

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Hey Millennial Homeowners It May Be Time To Sell

Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in

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Housing Inventory Hits 30Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream.

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How Long Do Most Families Stay In Their Home

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median

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Millennial Homeownership Rate Increases

Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the

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Do Your Future Plans Include A Move

Do Your Future Plans Include a Move? What's Stopping You from Listing Now? Are you an empty-nester? Do you want to retire where you are, or does a vacation destination

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Buyer Demand Continues Outpacing The Supply Of Homes For Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50

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A Buyer In Hand Is Worth Two In The Bush

In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their.

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US Housing Inventory Hits A New Low

U.S. Housing Inventory Hits a New Low… List Your House TODAY! Every summer, families across the country decide if this will be the year they sell their current house and

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Buying A Home Is A Good Financial Decision

84% of Americans Believe Buying a Home is a Good Financial Decision According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of

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The 5 Greatest Benefits Of Homeownership

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s.”

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5 Reasons Why You Should Not For Sale By Owner

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There

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Epic Housing Shortage Being Reported

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from

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The American Dream

Your Opportunity to Achieve the American Dream Keeps Getting Better!Forbes.com recently released the latest results of their American Dream Index, in which they measure;

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Existing Home Sales Surge Into Summer

Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive

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Good Time To Sell

75% of Homeowners Think Now is a Good Time to Sell! The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and

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2 Myths Holding Back Home Buyers

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t

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Check The Price

If Your Home Hasn’t Sold Yet… Definitely Check the Price! The residential housing market has been hot. Home sales have bounced back solidly and are now at their 

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The TRUTH Behind The RENT Vs BUY Debate

In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then

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4 Reasons To Buy This Summer

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home

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What Can Sellers Do To Make Their Homes Look Great

FOR SELLERSWhat can sellers do to make their homes look great?Posted by ASKHOMESALE.COM on APRIL 10, 2017Any experienced real estate professional can tell selling clients

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Working With An Agent Can Reduce Stress

Working with an agent can reduce stress for buyers and sellersAs the spring buying season arrives, real estate professionals often find the demands on their time and attention pulling

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Market Stats

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Spring Cleaning Tips

Spring is almost here! It’s time to open your windows, freshen up your home, and plan your outdoors spaces for summer. Check out these helpful tips to make the most of March: Plan your gardenIt

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Perception Vs Reality

Over the course of the year, mortgage rates hovered mostly in the mid- to low-3 percent range, giving consumers historically strong affordability for several months, even as home prices rose. But in

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