Blog - Page 2 of 125 - Lori Blank & Associates

21

Oct

Real Estate Trends

Will AI Replace the Open House? How Virtual Tours and Smart Marketing Are Changing the Way Homes Are Sold

The real estate world is experiencing a major shift as technology reshapes the way homes are marketed and sold. Artificial intelligence and smart digital tools are transforming how agents connect with potential buyers. Traditional open houses, once the main event for showing homes, are now being enhanced, or sometimes replaced, by virtual experiences that allow buyers to explore properties without leaving their couch. The Power of Virtual ToursVirtual tours have become a game changer for both buyers and sellers. With high-definition visuals and 360-degree walkthroughs, buyers can explore every room, examine details, and get a feel for the home at…

20

Oct

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – October 20th, 2025

The government has been facing a shutdown for the past 19 days with continued obstinacy from both parties, largely over healthcare subsidies. As a result, there will be few major reports this week, the most notable being the Federal Reserve’s Beige Book, which indicates that the U.S. economy is once again showing signs of slowing. Federal Reserve Chairman Jerome Powell also provided comments on the current inflation outlook, noting that multiple private and public data sources show inflation remains largely within projections. He added that the Fed will maintain its current monetary policy stance despite the ongoing government shutdow. There…

17

Oct

By Lori Blank

Home Buyer Tips

How Walkability Scores Impact Home Value

When buying a home, location is often cited as the most important factor. One element of location that has gained attention is walkability. Walkability scores measure how easy it is to access amenities like grocery stores, restaurants, schools, and parks by walking. Understanding walkability can help buyers evaluate lifestyle benefits and potential resale value. What a Walkability Score MeansWalkability scores typically range from zero to one hundred, with higher scores indicating more pedestrian-friendly areas. A high score often correlates with convenience, accessibility, and vibrant community life. Buyers value neighborhoods where daily errands can be accomplished on foot, which can influence…

16

Oct

By Lori Blank

Real Estate Tips

Should You Waive Contingencies in a Competitive Market

In a competitive real estate market, buyers often hear about waiving contingencies to make their offer more attractive. While this strategy can help secure a home in high-demand areas, it also comes with risks that should be carefully considered before deciding. What Are ContingenciesContingencies are conditions in a purchase agreement that protect buyers. Common contingencies include home inspections, appraisals, and financing. They give buyers the option to back out or renegotiate the deal if certain criteria are not met, providing a safety net during the purchase process. When Waiving Makes SenseWaiving contingencies can make an offer stand out when multiple…

15

Oct

By Lori Blank

Real Estate Tips

What No One Tells You About Buying a New Construction Home

Buying a newly built home can feel exciting and fresh, but there are unique considerations that many buyers overlook. Understanding the nuances of new construction ensures you make informed decisions, avoid surprises, and protect your investment throughout the building and buying process. Upgrades Can Add Up QuicklyBuilders often advertise base models at an attractive price, but upgrades like flooring, countertops, appliances, and smart home features can quickly increase the total cost. Buyers should budget for these optional features and consider which upgrades are essential versus cosmetic. Construction Timelines Are FlexibleUnlike purchasing an existing home, construction timelines can change due to…

14

Oct

By Lori Blank

Home Buying Tips

How to Save Thousands When Buying a Home

Buying a home is often the largest financial decision in a personís life, but there are strategies that can help buyers save significant amounts of money. By understanding the process, planning carefully, and leveraging expert advice, buyers can make smarter decisions and reduce costs without sacrificing quality or location. Get Pre-Approved Before You ShopSecuring pre-approval for a mortgage allows buyers to know their budget and demonstrate seriousness to sellers. This can improve negotiating power and prevent overbidding. It also helps avoid the disappointment of finding a home you cannot afford, saving both time and money. Work with an Experienced Real…

13

Oct

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – October 13th, 2025

Due to the government shutdown, nearly all reports will be delayed aside from a few third party reports. The Consumer Sentiment report has been released on time and shows that consumers are still frustrated with the economy and increasingly high inflation. It is unknown when the government shutdown will end and when we will be seeing reports released again in a timely fashion. Interest rates will still be continued to be adjusted amidst the government shutdown. Consumer SentimentAmericans have soured on the prospect of finding new jobs, a new survey shows. They are also still frustrated by persistent inflation, giving…

10

Oct

By Lori Blank

Home Seller Tips

Why Some Homes Sell Before They Hit the MLS

Not all homes spend weeks on the market waiting for buyers. Some properties sell before they are listed on the Multiple Listing Service, also known as pocket or off-market sales. Understanding why this happens can help buyers and sellers navigate the real estate landscape more strategically and take advantage of opportunities that are not publicly advertised. Exclusive Listings and Pocket SalesSellers may choose to list their homes privately to test the market or maintain privacy. Real estate agents often have networks of buyers who are actively looking, and sharing an off-market listing within these circles can result in a quick…

09

Oct

By Lori Blank

Home Selling Tips

The Most Overlooked Costs of Selling a Home

Selling a home can feel straightforward, but many homeowners are surprised by the hidden costs that can affect their bottom line. Beyond the agentís commission and mortgage payoff, a variety of expenses can accumulate during the selling process. Understanding these costs ahead of time ensures you are financially prepared and helps avoid surprises at closing. Repairs and Home ImprovementsEven minor repairs can add up. Painting, fixing leaks, replacing outdated fixtures, and landscaping improvements can significantly enhance a homeís appeal. While some upgrades increase sale value, they still require upfront investment, and homeowners should budget accordingly. Staging and PhotographyProfessional staging and…

08

Oct

By Lori Blank

Real Estate Tips

How Smart Home Features Can Help Sell Faster

Selling a home in today's market is about more than location and curb appeal. Smart home technology can significantly impact how quickly a property sells and at what price. Buyers increasingly value convenience, energy efficiency, and connectivity, making smart features a selling point that can set your home apart from others on the market. Enhanced Convenience and LifestyleSmart home devices, such as automated lighting, thermostats, and security systems, make daily life easier for homeowners. Buyers are attracted to homes where they can control temperature, lighting, and security from their smartphones. This convenience appeals to busy families, professionals, and tech-savvy individuals,…