Ernest Enriquez's Blog Posts

7 Reasons To List Your Home This Holiday Season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide

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What You Need To Know

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the

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Sep 18 2017 32079 1

Here are five reasons listing your home for sale this fall makes sense.1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand

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How Your Homes Value Grows Your Family Wealth

Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home

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Door Knob Replacement Tips

You can slam cabinet and bedroom doors only so many times before you have to repair and replace hardware that is loose, broken, or just plain old and tired. It doesn’t take a lot of time or money

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Homeowners Your Home Must Be Sold Twice

   In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by

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It Is Time To List Your Home

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST

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Median Days On The Market Drops To 27

Some Highlights:The National Association of REALTORS® surveyed their members for their monthly Confidence Index.The REALTORS® Confidence Index is a key indicator of

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Jul 2 2017 32079 1

Repair and replace door hardware that makes rooms look dingy and outdated. We’ll show you how door and cabinet pulls, knobs, and hinges can give your home new sparkle.You can slam cabinet and

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Existing Home Sale Sure Into Summer

Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month

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75 Percent Of Homeowners Think Now Is A Good Time To Sell

The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics

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The Importance Of Home Equity In Retirement Planning

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners

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The Truth Behind The Rent Vs Buy

In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then

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The Impact Your Interest Rate Makes

Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can

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Saving To Buy A Home

Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top item that buyers sacrifice is new clothes, at 54%. Even repeat or experienced

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Can Your Real Estate Agent Answer These Important Questions

Can Your Real Estate Agent Answer These Important Questions?Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision.

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Number 1 Reason To List Your House For Sale Now

If you are debating listing your house for sale this year, here is the #1 reason not to wait!Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of

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More Americans Chose To Own A Home Than Rent

According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time

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Answer To The Housing Shortage Is New Construction

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four

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Do You Know The Cost Of Now Owning Your Own Home

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as

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What You Need To Know About The Mortgage Process

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the

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Is 2017 The Year To Move Up Into Your Dream Home

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates)

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Financial Planning 4 Reasons To Buy A House Today

Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we

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Buying A Home Do You Know The Lingo

Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common

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Is The Current Pace Of Home Sales Maintainable

There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis?

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Tax Return Depressing Owning A Home Could Help

Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the

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Thinking Of Selling

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high

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Millennial Flock To Low Down Payment Programs

A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.

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Careful Dont Get Caught In The Rental Trap

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.Don’t Become

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Why Millennials Choose To Buy

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space,

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You Do Not Need 20 Percent Down To Buy Right Now

A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two

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Millionaire To Millennials

Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying

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How Low Supply And High Demand Impact The Real Estate Market

Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6

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What Are The Experts Saying About Mortgage Rates

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what

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Its A Sellers Market Should I Downsize Now

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this

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4 Great Reasons To Buy In Spring

Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have

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Dont Let Your Luck Run Out INFOGRAPHIC

Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie&

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A Tale Of Two Markets Inventory Mismatch Paints A More Detailed Picture

The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home

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Mortgage Interest Rates Went Up Again Should I Wait To Buy

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association

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How To Get The Most Money When Selling Your Home

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get

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Housing Market Expected To Spring Forward

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for

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The Connection Between Home Prices Family Wealth

Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home

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Over Half Of All Buyers Are Suprised By Closing Costs

According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.After surveying 1,000 first

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How Long Do Most Families Stay In Their Home

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in

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Where Are Home Prices Heading In The Next 5 Years

Where Are the Home Prices Heading in the Next 5 Years?Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation

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Existing Home Sales Reach Highest Mark Since 2007 INFOGRAPHIC

Highlights: Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year

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The Impact Of Homeownership On Family Health

The National Association of Realtors recently released a study titled 'Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most

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Are You 1 Of The 59 Million Planning To Buy This Year

According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people

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Great News For Homeowners

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale)

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Access A Key Component In Getting Your House SOLD

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential

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Cost Of Renting Vs Buying

Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the

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13 Restaurants You Have To Eat At When In Washington

Way to go Atomic Ale Brewpub & Eatery! If you love pizza as much as myself then you definitely want to check out Atomic Ale. The Manhattan pizza is so delicious it will leave your mouth watering for

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