Lori Blank, Author at Lori Blank & Associates

08

Aug

Real Estate

A Tactical Plan to Go From Renter to Owner in One Year

For many renters, the idea of homeownership feels just out of reach. Rising home prices, limited inventory, and financial uncertainty can make the process seem overwhelming. But with a clear plan, the right guidance, and a one-year commitment, you can move from renter to homeowner, and take control of your financial future. Here is a practical, month-by-month roadmap to help make it happen. Month 1: Assess Your Finances and Set a Goal Start by reviewing your income, expenses, and debt. Use a simple budget worksheet to understand where your money is going. Pull your credit report from all three bureaus…

07

Aug

By Lori Blank

Real Estate

Eco-Friendly Features That Actually Add Value

Eco-friendly living is more than just a trend, it is becoming a priority for today’s homebuyers. While solar panels often get the spotlight, there are many other green features that not only reduce your environmental footprint but also boost your home’s resale value. If you are thinking of making upgrades before selling, or you are a buyer looking for long-term savings, these sustainable features deserve a closer look. Energy-Efficient Windows and Insulation Replacing old, drafty windows with double- or triple-pane energy-efficient models can significantly reduce energy costs and improve comfort. Paired with upgraded insulation in attics and walls, these improvements…

06

Aug

By Lori Blank

Real Estate

Understanding the Process of Selling a Home As-Is

Selling a home as-is can be a practical option for homeowners who want to avoid making repairs before listing. However, understanding what it means to sell as-is, and how it affects the process, is essential for a smooth transaction. This approach can attract certain buyers, but it also requires clear communication and realistic expectations. What Does Selling As-Is Really Mean? When a home is sold as-is, the seller is stating upfront that they will not make any repairs or improvements before the sale. The home is offered in its current condition, and the buyer agrees to accept it that way.…

05

Aug

By Lori Blank

Real Estate

The Importance of a Home Inspection Before Purchasing

Buying a home is one of the biggest financial commitments most people make in their lifetime. While the process can be exciting, it is also full of important steps that protect your investment. One of the most critical yet sometimes overlooked steps is the home inspection. Uncovering Hidden Issues A home may look perfect on the surface, but only a thorough inspection can reveal what is going on behind the walls, under the roof, or in the foundation. A certified home inspector checks the major systems of the home, including electrical, plumbing, HVAC, and structural components. These findings help you…

04

Aug

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – August 4th, 2025

There were several notable releases this last week, with the largest being the PCE Index — the Federal Reserve’s preferred inflation indicator. The PCE Index may be the more accurate indicator going forward, as data collection for the Consumer Price Index has been recently cut, thereby reducing its reliability. As expected, the inflation numbers have been steadily rising with the PCE Index, indicating that impacts from the tariffs are now filtering into prices for both producers and consumers. As a follow up, Personal Income & Spending has had a light upturn after the initial panic with the tariffs. Lastly, the…

01

Aug

By Lori Blank

Home Buying Tips

The Top Home Buying Regrets and How to Avoid Them

Purchasing a home is one of the most important financial and emotional decisions most people will make. While it can be exciting, it can also lead to disappointment if key factors are overlooked during the process. As a real estate professional, I often hear from buyers who wish they had done things differently. Below are the most common home buying regrets and what you can do to avoid them. 1. Underestimating Total CostsOne of the most common regrets is failing to account for the full cost of homeownership. Many buyers focus solely on the mortgage payment, overlooking additional expenses such…

31

Jul

By Lori Blank

Real Estate

How to Buy a Home Before Selling Your Current One

Buying a new home before selling your current one can feel like walking a financial tightrope. While it allows for a smoother transition and avoids the need for temporary housing, it also requires thoughtful planning and the right strategy. If you are considering making a move without selling first, here are key factors to understand and steps to take to make the process work for you. Assess Your Financial PositionThe first and most important step is to review your financial situation in detail. Can you afford to carry two mortgages, even for a short time? Speak with a lender to…

30

Jul

By Lori Blank

Real Estate Tips

How Earnest Money Protects Both Buyers and Sellers

What Is Earnest Money?Earnest money is a good faith deposit that a buyer submits shortly after their offer on a home is accepted. It is typically held in an escrow account by a third party, such as a title company or real estate brokerage, until the transaction is complete. This deposit shows the seller that the buyer is serious and financially prepared to proceed with the purchase. The amount of earnest money can vary depending on the market and the price of the home, but it generally ranges from one percent to three percent of the purchase price. In more…

29

Jul

By Lori Blank

Real Estate Trends

The Most Important Rooms to Focus on When Buying a Home

When searching for a new home, buyers often get caught up in curb appeal, square footage, or how recently the roof was replaced. While those details are certainly important, focusing on the most impactful rooms inside the home can help determine whether a property will truly meet your needs and lifestyle. Here are the key rooms to evaluate carefully when buying a home. The Kitchen: The Heart of the HomeFor many buyers, the kitchen is the most important room in the house. It is not only where meals are prepared, but it often serves as a central gathering spot for…

28

Jul

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – July 28th, 2025

Very little was released this week due to the major inflation data releases from the previous week. The Leading Economic Index was the most significant—and only—impactful release this week, showing a further decline in overall sentiment about the current economic situation. The majority of the decline was largely driven by expectations for business conditions. The decline was faster than expected, enough to warrant continued monitoring of the Leading Economic Index going forward. Leading Economic IndicatorsThe Conference Board Leading Economic Index for the US declined by 0.3% in June 2025 to 98.8, after no change in May (revised upward from -0.1%…