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Showing posts from January, 2023

Assessed Value vs Appraised Value

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  Happy almost February everyone!! Spring is almost here and buyers are getting anxious to find something before summer. We are expecting interest rates to get slightly better, they already have, but either way we are still in a sellers market here at the beach with this still very low inventory. That's why we are here and help you understand everything a little better. The question we get from almost every buyer and seller: What is the difference between the assessed value and the value the home appraises at? We created this side by side chart for you to compare the basics. The bottom line is that the appraisal is the value that can affect your home purchase or sale. It is the amount that is tied directly to the market value. Because we care... #teambousehouse #remax

7 tips for buying beach real estate in Del., Md.

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  Tips for buying beach Real Estate in DE & MD DELMARVA BEACHES — The words “normal” or “stable” may sound bland, but for anyone looking to buy beach property in Delaware or Maryland, that’s what you want to hear your real estate agent say right? It is definitely getting more normal than it's been the last few years but inventory is still low and with a lot of buyers still out there prices are not necessarily going down. Because there aren’t lots of properties on the market, people are not able to be as choosy as they would like to be. We are still seeing some properties sell within a day of being on the market and still multiple offers sometimes while others sit a little longer. Making a six- or seven-figure investment in a beach property requires a good bit of thought. This is what real estate agents in Delaware and Maryland say on tips on buying a vacation home at the beach. Agents outline a few things that are specific to coastal properties and Delmarva. 1. KNOW WHAT YOU WA...

Real Estate Agent vs Realtor

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  Believe it or not there is a difference... It's not every Real Estate Agent who is a                                Realtor. But a lot are both as Team Bouse House is๐Ÿ˜                     Because we care...                    #teambousehouse                   #ocrealestate # remax

2023 Real Estate Forecast

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  2023 Real Estate Forecast: Market to                      Regain Normalcy Happy 2023!!  Here is a great article I found by the Association of Realtors that we are a part of,  I wanted to share this with you guys. Please read and this will give you a good idea of what 2023 might have in store for us in the Real Estate world. But don't forget these are just predictions... nobody knows the future for sure . But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, economists predicted Tuesday during the National Association of REALTORS®’ annual Real Estate Forecast Summit. Next year, mortgage rates are expected to stabilize while home sales and prices moderate after recent high...