Jenn Pfeiffer
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Blog - The Jenn Pfeiffer Team
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Blog

Homeowners Gained $28K in Equity over the Past Year

From our friends at the kcm blog If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you’re building equity much faster than you might think. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners. How Much Equity Have You Earned over the Past 12 Months? According to the latest Homeowner Equity Insights from CoreLogic, the average...

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Real Estate Still Holds the Title of Best Long-Term Investment

From our friends at the kcm blog With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision. According to the experts at Gallup, real estate has been crowned the top long-term investment for a whopping 12 years in a row. It has consistently beat out other investment types like gold, stocks, and bonds. Just take a look at the graph below – it speaks volumes: But why does real estate...

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Does Location Still Matter Most When You’re Searching for a New Home?

By Lauren Phillips | BETTER HOMES AND GARDENS Does location still matter most? Should you remodel your home to suit your tastes, or for resale value? Are starter homes still a thing? We all have plenty of questions about the ever-changing world of real estate. In our Ask an Agent series, we’re partnering with experts at Better Homes & Gardens Real Estate to answer your biggest questions about finding, buying, and selling a home. Take the first steps in any house shopping journey, and you’re bound to hear the phrase “location, location, location.” (In fact, if you hear it just once during your house hunt, count yourself lucky.) This oft-repeated saying emphasizes the...

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The Difference Between an Inspection and an Appraisal

From our friends at the kcm blog When you decide to buy your first home, you may come across a number of terms and conditions you’re not familiar with. While you may have a general idea of what an inspection is, maybe you’re not sure why you need one or how it’s different from an appraisal. To keep it simple, here’s an explainer of each one and what they mean for you as a homebuyer. Home Inspection Once you’re under contract on a home you’d like to buy, getting an inspection is a key part of the process. An inspection gives you a clear idea of the safety and overall condition...

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For Sellers, Inventory How Long Will It Take To Sell My House?

From our friends at the kcm blog You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent. They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market. Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process. The Growing Supply of Homes for...

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