All posts by Tommy Sibiga
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July 7, 2017

What Is the Current State of Housing Inventory for 2017?

Inventory Issues in 2017

As the majority of buyers in the housing market are aware, the lack of inventory is putting a damper on a buyer’s home search. As stated in the previous blog Housing Forecast for 2017, the issue will only continue throughout the year. Low interest rates and the unleashing of pent up demand has gobbled up a large portion of active listings. The purchaser’s who were not on the front end of this surge and left feeling frustrated and exhausted. If you are ready to throw in the towel, here’s a few options to explore.

Fortunately, the new construction industry isn’t halting any time soon. They are working to build new homes as quickly [...]

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July 6, 2017

How Do School Districts Affect Home Prices?

Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value.

At the same time, on average, more affluent homeowners live in more sought-after school districts. Statistics often show that for large sample sizes, the more affluence there is in a community, the higher test scores will be in that same community. Test scores are just one measure of “good schools,” but they’re a highly [...]

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June 29, 2017

5 More Tips for Saving for a Down Payment

So you’re starting to get serious about purchasing a home and you are socking away money for down payment! Way to go! A great target is to get to 20% down but there are loan options all the way down to $0 down. If you have started to make some strides on your savings plan, there may still be some room for improvement.Our last article started the frame work of creating a budget, opening a savings account, and starting to utilize both. Here’s five more tips to help you along the way.

A great tool is to set up recurring deposits into your savings account. It can be as simple as a recurring monthly transfer OR nowadays there are several new apps that help make savings [...]

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June 26, 2017

5 Tips to Save for a Down Payment

Did you know that you can do 100% financing to purchase a home? Many purchasers still believe that in order to purchase a home, you MUST have at least 20% saved up for down payment. Actually, there are several loan options that allow for shoppers to do 100% financing (VA, USDA, and VHDA to name a few). Even though there are $0 down options, it’s still extremely wise to have a large down payment saved up for your purchase. There are many benefits of a large down payment, so here are five quick tips on how you can go about saving up for one.

First and foremost, you need to open a savings account. A mortgage lender isn’t going to want to see cash stuffed in a [...]

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May 19, 2017

Things Your Realtor Can’t Tell You

Does it ever seem like you have specific questions that you ask your Realtor but they never seem to give you a straight answer? Sometimes you just want them to give their opinion or the inside scoop. As frustrating as it is, unfortunately, there are certain topics your agent just can’t stick their neck out on. Answering certain questions or giving out selective information may be grounds to be accused of illegal steering.

1. Neighborhood Economic Status

Giving such information might allude to the state of the neighborhood, which is a big no-no for agents. Don’t let this deter you from doing your own research. provides a wonderful link on home values that [...]

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May 16, 2017

How to Get the Inside Scoop on School Systems

Parents want to send their kids to good schools. That’s why they flock to neighborhoods that purport to have them—sometimes paying thousands more to live there. But what does a “good school” really mean? As with all things parenting, you have to decide for yourself what’s best for your family. Today, finding a good school means doing some homework, figuring out the best fit for your family, and zeroing in on schools that are equipping students with the skills and experiences that will lead to a broader definition of success.

Traditional measures of school quality, such as class size, student-to-teacher ratio, and test scores do matter—to some extent. In [...]

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April 20, 2017

Spring Housing Forecast

Overall, it seems that 2016 was a pretty good year for housing. National average prices continued to rise, mortgage rates remained historically low, and there were clear indications that millennials, a generation which some feared would never buy homes, were beginning to enter the housing market.

In many ways 2016 was an extraordinary and, for some, agonizing 12 months. The housing market was certainly not exempt from the year’s highs and lows. Early in the year, experts anticipated an uptick in building activity. Instead, builders were still not producing enough homes to match demand. Meanwhile, home prices appreciated well above expectations and mortgage rates flirted [...]

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April 10, 2017

How to Approach Your Landlord About Buying Your House

Renting a home is a great alternative for those who are new to an area and are not quite sure where they want to plant their roots. It’s also the first step towards becoming a homeowner while getting one’s finances in order. But what happens when you end up falling in love with the property you are renting? Approaching your landlord about buying the current property may seem intimidating but here are some ways to guide you through.

Have a pre-approval ready to go: This is pertinent towards any home you are interested in purchasing. However, this shows your landlord you have given this some thought and you are serious about buying from them. It also shows that you [...]

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March 21, 2017

Should You List Your Home Now or Wait Until Spring?

2017 is already shaping up to be a hot market when it comes to real estate! Inventory is low and the buyer demand is high. When it comes to the right season to list your home, there really is no right or wrong answer. Sure, the springtime seems to be the “right” time, but according to Redfin, there was only marginal data supporting this thought process. When it comes to life events, real estate doesn’t wait. Job relocation, divorce, death, birth, and marriage do not wait for any season. If you find yourself in a situation where you need or want to list your house and it is not quite spring, here a few things to consider:

Buyers are motivated

Buyers are out [...]

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March 10, 2017

How to Win a Multiple-Offer Situation in a Hot Market

You have finally found the house you want to make an offer on. However, there is a catch: showings don’t begin until Thursday and offers will be presented on Monday at noon after the open house on Sunday. You can assume that there will be multiple offers presented, but you know you must have this house. With the spring market, just around the corner, it’s important for buyers to be informed on the fact that bidding wars may ensue. Here’s how to be prepared…

Have your pre-approval letter ready.

This is where having a great lender will come into play. I would have your pre-approval letter in hand and ready to go. Don’t wait until the day you are [...]

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March 8, 2017

Costs to Consider When Renovating Your Home

Are you thinking about taking on a renovation project? Renovating a space in your home, or perhaps a whole house can be an exciting but challenging task. There are many factors to consider when deciding how to proceed: the scope of the project, timelines, and of course – the budget. An important aspect of approaching any project is to be flexible. With any renovation or home improvement, there’s a chance something could go wrong, cost more, or take longer than expected. Leave some wiggle room in your initial budget projections to account for situations that may come up!

You should also take into account which projects will yield the greatest return on your [...]

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February 24, 2017

Should You Sell or Should You Rent?

The financial downturn of the housing market several years ago may present unique challenges for existing homeowners. Selling your home is tough enough under normal circumstances. Under certain conditions, it may be easier and more advantageous to rent out your current home. Here are a few preliminary questions to gauge whether renting might be a good option... [read more]
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