Many first-time homebuyers hear stories from their parents and grandparents about buying a home in Springfield, MO or other communities for the first time. Today’s real estate market and lending climate is vastly different. While interest rates are considerably lower than the 1980s, it’s a fast and competitive real estate market.
According to an article by wtkr.com, the housing market is not for the faint of heart. In fact, many homes sell for above asking price. A Redfin report showed homes across the country go from listing to closing in a rapid 37 days. Most millennials’ parents and grandparents did not have a difficult time finding an affordable home to buy. On the positive side, millennials still enjoy historically low-interest rates. Instead of asking parents and grandparents for outdated and obsolete home buying advice, talk to a Springfield real estate agent about avoiding common first-time home buying mistakes. Continue reading
When it comes to the architectural style of a home, some people think about resale value and others focus on their personal dream home. If visions of Colonial, Modern or Ranch homes dance in your head, it pays to go with the heart. However, a good Realtor will assist you in understanding the most popular architectural styles and projected real estate trends as it relates to resale value. According to research by trulia.com, favorite home styles depend on which part of the country an individual resides. For home buyers in our area, some of the common home styles include ranch, craftsman and contemporary. A lot of home buyers specifically seek mid-century modern homes to renovate. If you aren’t sure which style to choose, experts say the safest best is to opt for the humble ranch style home. In fact, ranch is the favorite architectural style in 34 states.
A ranch is a single story home, which appeals to aging home buyers including baby boomers who don’t want to travel up staircases. Ranch homes as well as contemporary homes have open floor plans. Built in Springfield in the 1980s and 1990’s ranch homes include attached garages with attractive brick. When it comes to projected real estate trends, experts say the ranch is making a comeback but other architectural styles making headlines include the modern home with geometric lines and a lot of windows. Continue reading