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Welcome Home Blog!
Welcome Home Blog!
Check back often for news and updates.
We strive to offer a complete and updated collection of real estate industry news, community updates, neighborhood information; as well as guides to suport both home buyers, and house sellers.
Buying or selling a home can feel overwhelming, especially with all the industry-specific terms and processes involved. To help you navigate the real estate journey with confidence, here’s a few essential terms every buyer and seller should know.
Buy-rent breakeven horizon:
A concrete point at which buying a home makes more financial sense than renting one.
Multiple listing service (MLS):
A database where real estate agents list properties for sale.
Buyers market:
Market conditions that exist when homes for sale outnumber buyers. Homes can sit on the market for a long time, and prices tend to drop.
Sellers market:
Market conditions that exist when buyers outnumber homes for sale. Bidding wars are common. Prices are often higher than average.
Comparative market analysis (CMA):
An in-depth analysis, prepared by a real estate agent, that determines the estimated value of a home based on recently sold homes of similar condition, size, features and age that are located in the same area.