The 3 Different Types of Real Estate Markets

Matt explains how it can be a lot like of Tug of War

Balanced Market

A balanced market is when real estate supply equals demand.

Buyer's Market

A buyer's market is when supply exceeds demand, this is typically when there is six months worth of real estate inventory.

Seller's Market

A seller's market is when demand exceeds supply, this is typically when there is less than four months of real estate supply.

 

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Mortgage Contingency Clause Explained

The Mortgage Contingency Clause makes the real estate purchase contingent upon the buyer getting a specific loan. The type of loan could be a conventional loan, USDA, FHA, or a VA loan. The contingency is typically written towards the top of the contract: what loan, what loan type, and then also the amount on the loan itself. There are certain types of loans that make it more advantageous to the seller and so that is part of the negotiation packages.

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What's Happening in Huntsville
April 15th - 17th, 2022

Huntsville Eggstravaganza

When: 9AM - 11AM | Saturday, April 16th 

Where: John Hunt Park in Huntsville

Cost: FREE

This inaugural Eggstravaganza at John Hunt Park in Huntsville will feature free egg hunts, designed for children ages 2-12, with City crews hiding more than 10,000 eggs. The Easter Bunny will hop on by for appearances and Food Trucks will be present during the event. 

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Madison Easter Eggstravaganza

When: 9AM - 11AM | Saturday, April 16th 

Where: Dublin Park in Madison

Cost: FREE

Three egg hunts will take place at Dublin Park in Madison on Saturday, April 16th. The first two egg hunts will be at Soccer Field 1; kids 1-5 years…

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Types of Home Loans & Why They Matter

USDA Loan

A USDA loan offers 100% financing with 0% down. This type of loan is used to encourage home ownership in rural areas. Qualification is similar to other home loan programs as based on household income. Unlike other programs, a USDA loan has population requirements for eligible properties. One downside of this type of loan is the underwriting process.

USDA loans get underwritten twice, once by FHA and then the other by USDA requirements. The closing time for this type of loan is longer and typically falls between 45 to 60 days. Because of this, these loans can sometimes put a buyer at a competitive disadvantage when there are multiple offers on a given property.

FHA Loan

With an FHA…

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Solved! 3 Obstacles to Selling Your Home

The Problem

A lot of home sellers have been hesitant to put a ‘For Sale’ sign up in the fear of what's on the other side of selling, and that is buying a new home. It's no secret that lack of inventory in the Huntsville real estate market has kept a lot of home sellers on the sidelines.

This is a direct result of sellers being fearful that they will have to make a double move and will potentially have to rent an apartment if they are unable to secure a new home after theirs sells. We've heard horror stories from sellers who sold their home quickly but were unable to find their next home because their agent did not advise them on creating a winning strategy on how to buy and sell at the same…

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Real Estate Voted the Best Investment Eight Years in a Row

Real Estate Voted the Best Investment Eight Years in a Row | MyKCM

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below):

If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines.

Why Is Real Estate a Great Investment During Times of High Inflation?

With inflation reaching its highest level in 40 years, it’s more important than ever to understand the financial benefits of…

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The Difference Between Renting and Owning 

The Difference Between Renting and Owning [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home.
  • As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan.
  • If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks. If you want to learn more, let’s connect to talk about the perks of homeownership.

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5 Things You Need to Know About Living in Huntsville, AL

We happen to think Huntsville is one of the best places to call home! If you're considering moving to the area, we have five things you'll want to know!

#1 - If You’re an Engineer, There's No Shortage of Jobs Here!

We call ourselves the Rocket City but we may as well call ourselves the City of Engineers. Huntsville has the highest # of engineering degrees per capita.

We have Redstone Arsenal, NASA, the Missile Defense Agency, FBI,Government Contractors, Adtran, an expanding automotive industry with a recent joint venture between Mazda & Toyota, Hudson Alpha Biotech and Blue Origin. 

#2 - It's Not An Earthquake.

We don’t have earthquakes here! When you feel the ground…

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The Rocket City - The Pros Outweigh The Cons

Huntsville is an amazing place to live. So much so that it ranked #3 on the list of the 25 best places to live in 2021 as reported by US News. The strong job market and affordability contributed to this jump from #15 to #3 in one year!

Like anything in life, there’s pros and cons to living in the Rocket City. We think the pros far outweigh the cons, but we'll let you decide for yourself why we think Huntsville really is, sweet home Alabama! 

Pro #1

The first pro to living in Huntsville is the affordability and cost of living. The average median sales price in Huntsville falls below $300,000, whereas the National average is above $360k. Property taxes are also low here, making it easier…

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Zillow's Forecast For The 2022 Housing Market

What will 2022 look like for the real estate market? While nobody but Marty McFly can definitively tell us what's in store for the upcoming year, just about everyone has their theory and Zillow is no exception. Matt Curtis breaks down Zillow's 2022 Housing Market Predictions and how they compare with his own.

Let's Break Down Zillow's Predictions 

The last few years in real estate have positioned us in the record books. We have seen historically low interest rates, supply shortages and a pandemic creating a seller’s market unlike anything we’ve ever seen before. Zillow believes that 2022 will fall short of record-breaking but will remain strong.

According to Zillow the hot sellers market…

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