Smart home technology is growing rapidly—it’s expected to be a $130 billion industry by 2020. Predictably, millennials are leading the smart home charge, but all demographics are enjoying the powerful features these devices can offer.
What exactly is a smart home device? These are connected devices that combine artificial intelligence (AI) and Wi-Fi connectivity to help automate or streamline features and tasks in homes. Examples include smart lighting to automate your lights, smart speakers to control other devices and smart TVs that stream media and learn what you like to watch.
To help you better serve your clients, here are some of the key things buyers and sellers should know when it comes to smart home devices.
We’ve all seen the ads on TV. Our favorite celebrities from the 70s and 80s telling us how reverse mortgages are a great way to add to retirement and eliminate monthly mortgage payments. And for some people, they can be an attractive option to consider depending upon your own personal situation. But they definitely aren’t right for everyone.
A reverse mortgage is actually just a type of loan that allows homeowners to convert or effectively “sell back” a portion of their home’s equity to the bank for cash. Think of it like rolling back the clock on a regular mortgage. You’ll get cash for the value of the equity that you sell back, but you’ll end up owning a smaller percentage of your house. The loan is repaid to the bank when you move out or when
Inventory will be the major factor shaping the 2018 housing market, but that’s nothing new. For the third year in a row, the nationwide inventory shortage is likely to continue to hinder sales and increase prices. We expect small increases in inventory at the high-end of the market by year-end. Starter-home inventory has not increased meaningfully since 2011, and we don’t expect it to increase at all next year. Exacerbating the problem is high rents and vacation home rental platforms that make it both easy and lucrative to own more than one home.
Prediction #1: Homebuyers Will Leave High-Tax States
If state and local tax (SALT) deductions are eliminated in high-tax states like California, New York,
The New Year has arrived, and if you’re looking for a house, you might be down to the wire. Should you go all in and purchase now or wait until the spring?
There are multiple things to consider before purchasing a house; location, square footage and style are just three of the many factors. Whether or not to buy a home during the winter or wait until the spring is something to consider, as well.
Here are six reasons why it might be beneficial to buy before the flowers start to bloom.
For many homeowners, home security is a big part of their daily lives. Who doesn’t want to live in a safe and secure home? However, over the past recent years, the face of home security has changed quite a bit, to the point where some homeowners might feel like they don’t have a grasp on it anymore. Truth be told, there is no need to fret.
Today, we’ll take a look at some timely home security add-ons that homeowners can use to spruce up their modern homes, without sacrificing any aspect of their security.
Door locks are a staple of home security and for good reason. They allow authorized individuals to come and go as they please, while simultaneously working to keep unauthorized persons at bay. It is one of the reasons why
One of the most challenging aspects of the home-buying process is getting access to financing. Securing a loan can be even more difficult when you’re planning to build a house from the ground up instead of getting a mortgage to purchase an existing property.
If you’re building instead of buying the home of your dreams, here are some things that you’ll need to keep in mind.
1. You’ll Need a Construction Loan
Conventional mortgage loans are issued when there’s a tangible asset that can be used as collateral. If you fall behind on your mortgage payments, the bank can take the house you purchased and sell it to recoup the cost of their investment.
When you’re building a house, on the other hand, the home