Patrick McCarthy Real Estate Blog

14 10, 2021

Does It Make Sense to Pay Cash for Your Next Home?

By Patrick McCarthy, Realtor|2021-10-14T14:37:02-04:00October 14th, 2021|Advice, Financing, Home Buying, Real Estate|

With a housing market that has been hot for more than a year now, many people are considering whether it makes sense to renovate their current abode in order to better fit current (and future) needs, or to start from scratch with a new home – especially given the ongoing historically low interest rate environment.

15 09, 2021

Will the U.S. Housing Market Still Be Hot in the Fall?

By Patrick McCarthy, Realtor|2021-09-15T13:42:11-04:00September 15th, 2021|Advice, Home Buying, Home Selling, Real Estate|

With the surprisingly hot real estate market taking place throughout most of the COVID-19 pandemic, home prices from coast to coast have skyrocketed – and coupled with historically low interest rates, no one knows when the seller’s market will slow down.

6 08, 2021

How the Delta Variant is Impacting the Hot U.S. Real Estate Market

By Patrick McCarthy, Realtor|2021-08-06T13:51:41-04:00August 6th, 2021|Advice, Home Buying, Home Selling, Real Estate|

When the Coronavirus initially hit the United States back in early 2020, it had a negative impact on the stock market, and created a great deal of chaos for businesses and home sellers. But in the real estate market, things soon took an unexpected turn when home prices in many areas of the country skyrocketed. That, coupled with low mortgage rates, quickly led to a hot seller’s market – even resulting in multiple above-list-price offers on both condos and single family homes.

19 07, 2021

Having a Hard Time Attracting Buyers – Even in a Sellers’ Real Estate Market?

By Patrick McCarthy, Realtor|2021-07-19T20:32:10-04:00July 19th, 2021|Advice, Home Selling, Real Estate|

While the U.S. is still in the midst of a strong home sellers’ market - where purchase prices can often be significantly higher than the asking price - there are still some homes that are languishing with their owners hoping for even just one interested buyer.

11 06, 2021

Is Now Really a Good Time to Buy a Home?

By Patrick McCarthy, Realtor|2021-06-16T14:19:00-04:00June 11th, 2021|Advice, Home Buying, Real Estate|

With all of the action going on in the real estate market, it could be a good time to purchase a new home – especially given the low mortgage rates. But before you make a decision about what is oftentimes the largest purchase of a lifetime, there are some other factors to consider, particularly with rising home prices and a shortage of properties for sale.

14 05, 2021

Is It More Expensive to Build or Buy a Home?

By Patrick McCarthy, Realtor|2021-05-14T12:25:45-04:00May 14th, 2021|Advice, Home Buying, Real Estate|

If you’ve caught the new home bug, now could be a good time to make a purchase – especially as mortgage rates continue to linger at an all-time low. But as you consider the wish list of ideal features in your next abode, you may be weighing out whether building a home or purchasing an existing one would be best.

15 04, 2021

How Not to Overpay for a Home in a Seller’s Market

By Patrick McCarthy, Realtor|2021-04-15T15:00:15-04:00April 15th, 2021|Advice, Home Buying, Real Estate|

Overall, closing costs can typically range from 3% to 6% of the purchase price. So, if you’re buying a home that costs $300,000, you can anticipate that the closing costs will be between $9,000 and $18,000.

15 02, 2021

Is a 15-Year or 30-Year Mortgage Best?

By Patrick McCarthy, Realtor|2021-02-19T13:28:49-05:00February 15th, 2021|Advice, Financing, Home Buying, Home Selling, Real Estate|

With mortgage rates still at historical lows, financing – or even refinancing – a home can be enticing. When it comes to borrowing money for a home, many people automatically default to a 30-year mortgage – primarily because the payments are stretched out for a longer period of time, which can equate to a lower dollar amount that is due each month.

15 01, 2021

Tax Deductions When Buying or Selling a Home

By Patrick McCarthy, Realtor|2021-01-04T16:33:02-05:00January 15th, 2021|Advice, Home Buying, Home Selling, insurance, Real Estate|

With the year 2020 now in the rearview mirror, its almost time to start thinking about filing your income taxes. If you have recently moved – or if you plan to do so in the future – you may find that there are some tax-related benefits on both the buying and selling end of the deal.

15 12, 2020

Dealing with Home Inspection Issues as the Seller of a Property

By Patrick McCarthy, Realtor|2020-12-17T14:46:35-05:00December 15th, 2020|Advice, Home Buying, Home Selling, insurance, Real Estate|

As the seller of a home, one of the sweetest sounds you can hear from your real estate agent is, “You’ve got an offer.” This is particularly the case if the buyer is well-qualified, and a final price is agreed on by both the selling and purchasing parties.

Patrick McCarthy Real Estate Blog – Advice Category