The Home-Buying Process: First Steps

Aug 6, 2020 9:41:21 AM / by Brett O'Daniell posted in Pre-Qualification, house hunting, home purchase, Credit, Credit Score, homebuying

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Congratulations! You've decided to begin your journey to becoming a homeowner.  We know this cab be a stressful process, and are providing some information to help you along the way. 

HomeTraq has several key services that for giving you a positive foundation for your home-buying experience. We will be assisting in your home search, and our network of lenders will be helping you through the financial process. The best part? Our network of real estate agents is ready to start showing you a home on your terms!

 

 

Here's what you should know if you're planning to buy a house. 

Finding a home to tour

Searching for the right home is one of the most exciting parts of buying a house. It can be stressful at times, too. You can go in with certain expectations or with an open mind. Either way, you are making a huge decision, and it can carry a lot of stress.

That's why we are making it easy! Simply begin by visiting HomeTraq to view a home at your convenience! Start by choosing the property you want to see and when you want to see it. Once you click "SEE IT NOW," we will coordinate the rest. Most importantly, you can tour the home at a time that fits your busy schedule!

We also want to be sure that you find the home that is fitting your requirements. That is why HomeTraq is pulling houses from your local MLS (Multiple Listing Service) 24/7. This gives you several options for when you start your search. 

Finally, it is important that you are surrounding yourself with people who have been through the home buying process. It is a long process, involving a lot of decisions. Having someone you trust in your corner with experience buying a home can help answer any questions you may have or advise you along the way. 

 

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The Future of Real Estate After COVID-19

Aug 4, 2020 9:50:03 AM / by Brett O'Daniell posted in Insider, agents, homebuyers, housing market, real estate tech, homebuying

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Good news! The housing market is still active, and agents and brokers are finding new and creative ways to accommodate social distancing! A lot of what you read about the impact of COVID-19 is negative, so we wanted to shine some positive light and commend our network of agents and brokers for their hard work. The good news? There could be some long-term benefits from the innovations made to the home-buying process that can carry over into the post-COVID era!

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St Louis Region Escapes Housing Crisis [Real Estate Insider]

Jun 22, 2020 12:58:41 PM / by Brett O'Daniell posted in Home tour, real estate, housing market, housing demand, buying a home, homebuying, STL

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St Louis Region Escapes the Housing Crisis of 2020


Despite what the news media may imply, the pandemic and protests HAVE NOT severely damaged the St. Louis area real estate market. Home Showings are increasing as the stay-at-home orders are lifted. Sales Prices continue to rise as the number of Homes for Sale sinks to historically low levels. Additionally, Homes Under Contract are similar to Sold Homes during the same timeframe last year. Scroll down for more local housing info & stats and check out current for-sale, recently sold and open houses in your neighborhood.
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Home Buyers Guide [Summer 2020]

Jun 12, 2020 3:53:18 PM / by Brett O'Daniell posted in house hunting, touring homes, homebuyers, housing market, housing demand, housing inventory, homebuying

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Pent-up housing demand during the shutdowns is about to be unleashed as many coronavirus-related restrictions to daily life are lifted or relaxed and consumers return to the real estate market.  Home sales are bouncing back from their bottom during the COVID-19 pandemic and many buyers are moving quickly amid the return of bidding wars.

Looking forward, the market is ripe for robust activity. Mortgage applications are defying economists’ expectations, rising 54% since April, the Mortgage Bankers Association reported recently. Mortgage rates for 30-year loans have broken through record lows three times in as many months, making borrowing costs favorable for prospective buyers who are looking to get off the fence and purchase.  Meanwhile, home prices continue to rise, even as uncertainty around the pandemic persists.

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Selling Your House - Where Do You Start? [Real Estate Insider]

May 19, 2020 8:12:32 AM / by Brett O'Daniell posted in home purchase, housing market, selling agent, before you buy, homebuying, selling home, online home buying

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How do I tour homes while social distancing? [Real Estate 2020]

May 15, 2020 9:32:01 PM / by Brett O'Daniell posted in Home tour, home shopping, real estate, house hunting, touring homes, home tours, open house, homebuying, online home buying

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The most unique spring housing market in ... Ever? [2020 Real Estate]

May 7, 2020 8:53:32 PM / by Mark Gorman posted in housing market, housing demand, summer, buying a home, moving, homebuying, rates

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Kicking off at the end of March, spring signals the start of homebuying season…at least it used to. As you know, the coronavirus pandemic has changed everything about this spring—including the real estate market.
 
The months of April through July traditionally account for more than 40% of all housing transactions. 2020 has been much different. This year's homebuying season started in January due to record low mortgage rates, low inventory and high demand. In fact, just prior to the pandemic, the housing market was hot—with sales at their best levels in over a decade and multiple offer situations part of the norm. 

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Common Home Buying Questions Answered [Real Estate Insider]

May 6, 2020 7:05:01 PM / by Brett O'Daniell posted in real estate, home search, home purchase, before you buy, buying a home, homebuying, online home buying, innovation

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Questions to ask yourself before buying a home [First time home-buyers]

Apr 29, 2020 8:56:04 PM / by Brett O'Daniell posted in home shopping, home ownership, before you buy, buying a home, homebuying, online home buying

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Home listing status changes for the Covid-19 outbreak [Real Estate Insider]

Apr 11, 2020 8:11:38 PM / by Brett O'Daniell posted in real estate, listing, realtor, homes for sale, MLS, homebuying, selling home, innovation

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Considering the changes to business caused by the Coronavirus, the multiple listing service (MLS) has decided to implement new status definitions ahead of schedule, effective 4/1/2020. 

Ironically known as the "Clear Cooperative Policy," this is now implemented to comply with National Association of REALTORS standards.  Home sellers now have the choices of marketing their home under Active, Coming Soon, Withheld, Hold, Withdrawn, or Cancelled statuses.  These listings must be available in the local multiple listing service (MLS) within five (5) business days of the seller signing a listing contract with a real estate broker.

Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants.  Public marketing includes, but is not limited to, flyers displayed in windows, yard signs, digital marketing on public facing websites, brokerage website displays (including IDX and VOW), digital communications marketing (email blasts), multi-brokerage listing sharing networks, and applications available to the general public.

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