Updegraff Group Realty

🏡 Thinking About Buying or Selling a Home?

Mortgage rates are a key factor in your decision. Learn how they impact your budget and what to expect as rates fluctuate. Check out our latest blog post to stay informed and make smart real estate choices! 💡📈

https://www.updegraffgroup.com/blog/43/Understanding+Mortgage+Rates%3A+What+You+Need+to+Know+Before+Buying+or+Selling+a+Home

The housing market is changing! 🏠🍂

Here are 3 key opportunities this fall:
1️⃣ More homes are available for sale.

2️⃣ Builders are eager to sell so that brand-new home might be more within reach than you think.

3️⃣ Mortgage rates have dipped from their recent highs.

If you’re ready to buy, now could be a great time to find your dream home. Let’s connect and get started! 📞💼

Did You Know? 🏠💳
The minimum credit score needed to buy a house can range from 500 to 700, depending on the type of mortgage and your lender. Most lenders require at least a 620 credit score for a conventional mortgage.

Need to raise your credit score? Check out these simple steps! 📈✨

🏡✨ Great news for homebuyers! Swipe to see how mortgage rates, home prices, and rising wages are making homeownership more attainable. 💰

Curious about the benefits of a pre-listing inspection? 🏠🔍 Check out our list!

Selling or Renovating? Contact us to find out how it can make your home sale smoother and more profitable! 📞✨

🧐 Q & A: What is a Pre-Listing Inspection? 🏠🔍

𝐕𝐞𝐫𝐬𝐚𝐭𝐢𝐥𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐀𝐥𝐞𝐫𝐭! 🏭

Located on Hague Street in Rochester, NY, this 1.876± acre site features four well-maintained buildings totaling 45,497± sq. ft.—ideal for light manufacturing! 🛠️

🔸 Key Features:
- Constructed between 1905 & 2007 with a mix of masonry, steel, & metal construction 🧱

- Multiple drive-in doors & 8-14 ft. overhead clearance 🚚

- Fully fenced with an asphalt-paved parking area for up to 60 vehicles 🚗

- Building 1 includes a 5,000 lb. freight elevator & extensive power infrastructure ⚡

- Current tenant: JTEK Manufacturing utilizing the space for wood & metal product manufacturing 🪵🔩

📈 This property offers a solid investment opportunity with existing income & potential for future growth in a well-established industrial area! Don't miss out!

Click here to see more! https://markupdegraff.updegraffgroup.com/details.php?mls=245&mlsid=R1558458

🏡 Thinking about selling your home? Here’s the lowdown on home inspections and how to get your place in tip-top shape! 🛠️

With more homes hitting the market, buyers are getting a bit more leverage, so taking care of those essential repairs could make all the difference. 🔧

Wondering which fixes are worth your time and money? Let’s connect for expert tips on what to prioritize! 📞✨

Ever wondered why a home you had your eye on might reappear after being listed as “Sold”?

There are several reasons why this can happen, and it’s not always a red flag! Here are a few common reasons why a home might come back on the market:

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If you see a home you love making a return, it might just be your second chance! Always stay informed and keep your options open. 🏠💼

Feel free to reach out if you need help finding the perfect home or have any questions about the buying process! 📲💬

Thinking of buying or selling a home? 🏡 Check out these key points you can negotiate to get the best deal! 💰🔑

Did you know? 🤔🏡

Over 2/3 of homeowners have paid off their mortgage or have at least 50% equity in their homes!

📊 39.3% own their homes free and clear

📊 29.9% have mortgages with over 50% equity

📊 30.8% have mortgages with less than 50% equity

That much equity can go a long way toward buying a new place! ✨

Ready to make your next move? Contact us today! 📞



Curious about a potential housing market crash? 🏘️ I

Unlike the oversupply situation in 2008, we're currently experiencing a significant undersupply of homes. 📉🏡

Whether it's existing homes, new builds, or foreclosures, inventory levels are much lower than they were during the last housing crisis. 📊📉

The data is clear—today's inventory conditions are vastly different. 🔍📈 A housing crash is unlikely.

🏙️ 𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐫𝐞𝐭𝐚𝐢𝐥 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐢𝐬 𝐡𝐞𝐫𝐞! 🏙️

Learn how the growth of e-commerce is driving innovation in retail real estate. From mixed-use environments to advanced omnichannel strategies, discover key investment opportunities in our newest blog post.

🔗 https://razecapital.com/2024/08/02/retail-real-estate-forecast-adapting-to-the-e-commerce-boom/

💬 𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐫𝐞𝐭𝐚𝐢𝐥 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞? 𝐒𝐡𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬 𝐛𝐞𝐥𝐨𝐰!

Swipe through for key insights about the evolving office space market! 🔍🏢

Curious about what's really happening with home prices? 🤔 While some predict a correction, the reality is a bit different...

Are Foreclosures on the Horizon? Here’s What the Data Really Shows!

📉🏡 Worried about a potential foreclosure crisis? 👉 Dive into our latest blog post for a clear explanation and insights from experts. Don't miss out—click the link to read more!

https://www.updegraffgroup.com/blog/34/Are+Foreclosures+on+the+Horizon%3F+Here%E2%80%99s+What+the+Data+Really+Shows

Looking for something to do this weekend? Check out these events in and around Rochester!

🏠 Thinking About Buying a Home?

Don’t let common mistakes cost you time, money, and frustration!

Having a real estate expert from Updegraff Group can make all the difference.

Have questions or need guidance? Comment below or send me a DM!

📉 Mortgage Rates May Ease for Buyers! 🏡✨

Exciting news for potential homebuyers!

With the Consumer Price Index (CPI) showing a dip in June, there's growing optimism for a Federal Reserve rate cut in 2024.

Analysts predict that slowing inflation could lead to lower mortgage rates by year-end, making home loans more affordable. Coupled with an expected increase in homes for sale, this could mean more options and potentially lower prices for buyers.

However, while a rate cut seems likely, the Fed is anticipated to lower rates cautiously and gradually. Stay tuned for updates on how these changes might benefit your home-buying journey! 🌟📊

Buying a home? Here are some key factors that determine mortgage interest rates:

🏡 Ready to buy a home in Rochester, NY? Here are some things to avoid after applying for a mortgage:
1️⃣ No switching banks or moving money
2️⃣ No big purchases
3️⃣ No job changes
4️⃣ No new credit accounts
5️⃣ No co-signing loans

For more things not to do when applying for a mortgage, check out our latest blog post! https://www.updegraffgroup.com/blog/32/Things+to+Avoid+After+Applying+for+a+Mortgage+

Are you a first-time homebuyer looking to settle down in Rochester, New York? 🏡

The City of Rochester’s Home Purchase Assistance Program (HPAP) might be just the opportunity you need to make your homeownership dreams a reality. 🌟

Take a look at our blog post for more info! 📖

https://www.updegraffgroup.com/blog/31/Secure+Up+to+%246%2C000+with+Rochester's+Home+Purchase+Assistance+Program+for+First-Time+Homebuyers

If you own a home, your net worth has likely increased significantly over the past year. Home prices have been rising, and this means you're building equity much faster than you might realize. Here’s a simple breakdown of how it works:

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐇𝐨𝐦𝐞 𝐄𝐪𝐮𝐢𝐭𝐲? 🏡
Equity is the current value of your home minus what you owe on your mortgage.

𝐖𝐡𝐲 𝐈𝐬 𝐄𝐪𝐮𝐢𝐭𝐲 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠? 📊
Over the past year, there hasn't been enough inventory to support the amount of people who want to purchase a home. This high demand has pushed home prices up. As prices rise, so does your home equity.

𝐇𝐨𝐰 𝐌𝐮𝐜𝐡 𝐄𝐪𝐮𝐢𝐭𝐲 𝐇𝐚𝐯𝐞 𝐘𝐨𝐮 𝐄𝐚𝐫𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐚𝐬𝐭 𝐘𝐞𝐚𝐫? 💵
According to CoreLogic’s latest Homeowner Equity Insights, the average homeowner's equity in NY has grown by $24,000 in the last year alone.

𝐖𝐡𝐚𝐭 𝐈𝐟 𝐘𝐨𝐮 𝐁𝐨𝐮𝐠𝐡𝐭 𝐘𝐨𝐮𝐫 𝐇𝐨𝐮𝐬𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜? ⏳
If you bought your house before the pandemic, your equity gains are even more impressive. Data from Realtor.com shows home prices have increased by 37.5% from May 2019 to May 2024.

To give you an idea of how much equity can accumulate over time, Selma Hepp, Chief Economist at CoreLogic, shares that the typical homeowner now has:

“With home prices continuing to reach new highs, owners are also seeing their equity approach the historic peaks of 2023, close to a total of $305,000 per owner.”

𝐇𝐨𝐰 𝐂𝐚𝐧 𝐘𝐨𝐮𝐫 𝐑𝐢𝐬𝐢𝐧𝐠 𝐇𝐨𝐦𝐞 𝐄𝐪𝐮𝐢𝐭𝐲 𝐇𝐞𝐥𝐩 𝐘𝐨𝐮? 💡
With the substantial equity you've built up, you have several options:

- Start a Business: Use your equity as capital to fund your entrepreneurial dreams.

- Fund an Education: Pay for college tuition or other educational expenses.

- Buy Your Next Home: When you sell, the equity you've gained can cover a large part, or even all, of your next home’s down payment.

Bottom Line 🔍
If you're planning to move, the equity you've gained can be a significant financial advantage. Curious about how much equity you have and how you can use it for your next home? Let's connect and explore your options!

https://www.updegraffgroup.com/seller/valuation/

Declare your independence with the American Dream of homeownership! 🏠 For the 12th consecutive year, real estate is celebrated as the top long-term investment. If you're ready to invest in your future and find the home that sets you free, let's connect! 🎆

Thinking of selling? Here are some key tips to help you navigate the sale of your commercial property successfully:

Are you wondering where the housing market is headed for the second half of 2024? Check out our latest blog post to see what the experts are saying!

https://www.updegraffgroup.com/blog/28/2024+Housing+Market+Forecast%3A+What+To+Expect+In+The+2nd+Half+Of+The+Year

🏡 Curious about the housing market for the rest of the year? Experts predict:

📈 Prices will keep rising, but at a slower pace.
📉 Mortgage rates will come down slightly.
🏠 Sales will hold steady.

If you have questions about what's ahead or need advice from a pro, we're here to help! 😊

🌟NEW LISTING: 98 Hickory Street, Rochester, NY🌟 Looking for a home in South Wedge? Look no further! Don't miss this chance to make this beauty your own in one of Rochester's BEST neighborhoods. Listed at $249,900, this home features:

✅ 3 Beds | 1 bath
✅ Spacious Kitchen and Rooms
✅ Private backyard, perfect for a garden!
✅ Amazing location
✅ Charming front porch
✅ New Roof
✅ So much more!

Click here to learn more: https://www.updegraffgroup.com/details.php?mls=245&mlsid=R1542818&fbclid=IwZXh0bgNhZW0CMTAAAR2j2HvStWmp0OU1Bzq7_hb9n73SEC3-p0DHluV7rD3LYhTLfeUmlkVrRiU_aem_ZmFrZWR1bW15MTZieXRlcw

When working with a mortgage lender, it's important to gather all necessary information to make informed decisions. Here are some top questions to ask your mortgage lender!

For more questions to ask your lender, check out our blog post: https://www.updegraffgroup.com/blog/27/What+to+Ask+Your+Mortgage+Lender