Misty Bomia's Blog Posts

Spring Sellers Have An Edge - Here's Why

Homeowners looking to sell usually want three things: plenty of interested buyers, strong offers, and a short timeline. Spring is the season that most often delivers all three.So, if a move has been

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Tips For Younger Home Buyers

           If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you

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WHY OVERPRICING YOUR HOUSE CAN COST YOU

If you’re trying to sell your house, you may be looking at this spring season as the sweet spot – and you’re not wrong. We’re still in a seller’s

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Understanding How Proposed Changes in Real Estate Commissions Will Actually Impact You as a Buyer or Seller

You’ve probably heard the news that there are changes coming in terms of how real estate commissions are paid.But you’re also probably not sure exactly what it all means, how

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Biden Raises Costs for Homebuyers With Good Credit to Help Risky Borrowers

Homebuyers with good credit scores will soon be facing higher mortgage fees as the Biden administration seeks to close the racial homeownership gap and get more first-time and low-income buyers

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Mortgage Buydown - What is it?

What is a Mortgage Buydown? Lower Interest Rates with this StrategyPublished on November 29, 2022by Julia WeaverWhen you decide to buy a house, you’re not only committing to

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How to Save Money for a House

Saving to buy a house requires more than just saving for a down payment. You’ll need to think about factors, such as closing costs and moving expenses, to name a few. If you’re

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The Drop In Mortgage Rates Brings Good News For Homebuyers

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since

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How Does A Bridge Loan Work?

A bridge loan is a type of loan that you can get if you have equity in the home you are selling and you would like to use that equity for the down payment on your new home. It might sound a little

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Little Known Strategy for Reducing Your Mortgage Payment

Homeowners looking to lower their monthly morgage payments and save some on interest may be able to do so without all the hefty fees and daunting credit requirements of refinancing.A little-known

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Looking To Buy In Costa Rica?

Costa Rico is “rolling out the red carpet for Americans…”Red Carpet Treatment for AmericansCraig Studnicky, the CEO of ISG World, a real estate sales and marketing

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Are Home Prices Continuing To Rise?

What Does This Mean for You if You’re Looking To Buy a Home?With both mortgage rates and home values expected to increase throughout the year, it would be better to buy sooner rather

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4 Reasons Why We Are Not In A Housing Crash Similar To 2007-2008

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in

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February 2022 Real Estate Newsletter

                                       Do you have HVAC Tune-up optional coverage? If so, April 30

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Happy New Year 2022!

Happy New Year to all my friends! Thank you for trusting me with the most important investment in your life. Your home! I am so grateful to have met new friends this year and I am grateful for

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Understanding CAUV in Ohio

Charles and Carolyn always dreamed of building a home in the country with plenty of land. When a local farmer listed a twelve-acre parcel for sale, they jumped at the opportunity. The farmer had

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10 Horrifying Home Design Trends: 2021 Edition

This might be a little harsh....I mean, I love barn doors and all white interiors. But what the experts say....goes (insert shrug). Home trends come and go, but designers hope some will vanish

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What Is a Non-Occupying Co-Borrower?

If you’re worried about whether you can get a loan on your own, having a co-borrower can take a lot of the stress off. Because there are two people applying for the loan, the lender has a lot

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IS THE HOUSING MARKET SLOWING DOWN?

There’s no denying that today’s housing market is anything but normal.Seemingly overnight, the Millennial generation, long known for putting its buying plans on hold, was ready to

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5 Tips For Making Your Best Offer

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer;

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Key Tips For Submitting an OUTstanding Offer

You are hereWaiving Contingencies: “In an effort to make their offer the most attractive possible in a multiple-offer situation, some buyers are waiving absolutely every contingency they

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Historical Mortgage Rates

Historical Mortgage Rates From The 1970s To 2021: Averages And Trends For 30-Year Fixed MortgagesMortgage rates in 2020 have dropped due to the Federal Reserve lowering rates in response to

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Mortgage Rates Rise But Stay Near Historic Lows

March 1, 2021The 30-year fixed-rate mortgage came off its recent all-time lows to average near 3% this week. The 10-year Treasury yield, which mortgage rates closely follow, hit its highest level in

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Understanding FHA

If I had a dollar for every-time someone said that they would never get an FHA loan or accept an offer (as a seller) from a buyer that had an FHA loan, I would be a millionaire. Seriously though,

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