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Mike Mazyck Realty Blog

Friday, December 2, 2022   /   by Jake Uriegas

THREE THINGS TO CONSIDER BEFORE YOU SELL

Putting your home on the market is exciting. It can be nerve-wracking, too. How do you sort through all the decisions and options? Here are some considerations to keep in mind:
IS IT WORTH YOUR TIME AND MONEY?
Before you update your 1970s bathroom, know that you may not recoup all your remodeling costs when you sell. Some remodeling choices actually make it harder to sell a home, such as materials on their way out of style. Other upgrades may be necessary to attract any reasonable offers at all. Additional factors are the condition of nearby homes for sale, the price range of the home, and how much current conditions lean toward a buyer’s or seller’s market.
WHAT HELPS EVERY HOME
No matter the size, age, price, or location of your home, it pays to make sure it’s clean, uncluttered, attractive, and free from minor nuisances. New paint and a few plants go a long way to making a positive first impression. On the other hand, sticking doors, an overgrown lawn, or drippa ...

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Friday, November 25, 2022   /   by Jake Uriegas

DATA OVER DRAMA

Have you heard these crazy things about the real estate market right now? Things like…

• The market is tanking
• We're going into a housing crisis
• Now is the worst possible time to buy and sell
As your local real estate expert, I'm here to give you the real story, backed by data, on home selling or buying in our local market. Let's start with home sellers. 
Is now a good time to sell a home?
This is the question many potential house sellers are pondering, especially following last year's rapid increase in home values. Most experts, including myself, think that NOW is still a good time to sell your house.
Even though the market has cooled in recent months and home prices are decelerating, it continues to be an excellent time to sell. There are several reasons, including continued buyer demand and an ongoing shortage of housing inventory, primarily due to almost 15 years of under-building homes. This won't be the case forever, though. With more homess ...

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Friday, November 18, 2022   /   by Jake Uriegas

BUYERS: DON’T LET REAL ESTATE MYTHS LIMIT YOUR SEARCH

Buying and Selling a home is a BIG decision. You want good advice from the people you can trust. Your family and friends are the people you can trust the most, but if you’re trusting their advice with all things real estate, they may be giving you outdated or incorrect information.
A Real Estate Agent is a trusted professional who deals with real estate issues every day. I can help dispel myths that could limit your search or unduly influence one of the most important financial decisions you’ll ever make. 
Beware of the following myths:
MYTH: YOU NEED A 20% DOWN PAYMENT
Reality: Though many buyers do put down 20% or more, first-time homebuyers paid a median 6%. There are many types of loans and programs you may qualify for to help you buy a home even if you don’t have a 20% down payment. 
MYTH: YOU HAVE TO HAVE SPOTLESS CREDIT
Reality: You may be able to secure a loan even with a low credit score. There are also steps you can take to improve your credih ...

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Friday, November 11, 2022   /   by Jake Uriegas

5 REASONS TO SELL DURING THE HOLIDAYS

Is selling your home during the holidays a good or a bad idea?
As the holiday excitement builds, many people hit pause on selling their homes, convinced that nobody is hunting for their next house during the festive season.
But the truth is-no matter the time of year, people are ALWAYS looking to buy a new home.
Here are the five reasons why selling a home during the holidays can unlock lucrative opportunities that would be difficult to find other times of the year.
1. Motivated Buyers: People who take time out of their crazy holiday schedules to look at homes are typically serious buyers about finding a house and are the ones that will be more likely to say "yes" to a sale.
2. Lack of Competition: While everyone's busy with holiday plans, smart sellers are putting their homes on the market. Less competition + serious buyers = more eyes on your listing. This lack of competition during the holidays can translate to a quick sale and sometimes a more lucrative selling price.
3. Takes ...

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Friday, November 4, 2022   /   by Jake Uriegas

AVOIDING WIRE FRAUD IN REAL ESTATE TRANSACTIONS

As our reliance on technology grows, cybersecurity is becoming more critical.  

Last year, after a series of major cyberattacks, the White House issued an executive order declaring cybersecurity a national priority. In 2021, the FBI reported that cybercrimes caused more than $350 million dollars of loss in the real estate sector. This represents more than a 64% increase from 2020. 

Many of these losses were caused by wire fraud. 

This is a major concern in real estate.

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With real estate transactions typically involving large financial transactions, real estate is an attractive target for cybercriminals to steal large sums of money. 

Wire fraud usually involves a cybercriminal compromising a business or personal email account and sending the buyer or another party, at the last minute, convincing yet fraudulent instructions to wire money to the wrong account.  
According to the FBI these scheme; ...

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