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Buyer What You Can Do When Mortgage Rates Are a Moving Target Mortgage rates are on a roller coaster—but that doesn’t mean your homeownership plans have to be. In this post, Don Reid Properties breaks down what you can control, from boosting your credit score to choosing the right loan type and term. Get practical tips and expert insight to help you buy smart, no matter what the market’s doing.
Buyer How Buying or Selling a Home Boosts Your Local Economy Buying or selling a home doesn't just change your address—it significantly boosts your local economy. Each real estate transaction supports local jobs, from real estate agents and contractors to small business owners. For instance, purchasing a newly built home can generate over $125,000 in economic activity, underscoring the vital role of the housing market in community growth. At Don Reid Properties, we're committed to guiding you through these impactful decisions, benefiting both you and our community.
Buyer Is an Accessory Dwelling Unit (ADU) Right for You? Here’s What You Need to Know Are you struggling to find a home within your budget? Or maybe you already own a home but want to generate extra income or create a private living space for aging parents or guests. In today’s competitive real estate market, an Accessory Dwelling Unit (ADU) might be the perfect solution. What Is an ADU? An […]
General Should You Sell or Stay? How Home Equity Can Help You Decide in Richmond, VA If you’re a homeowner in Richmond, VA, you’ve likely watched your home’s value rise significantly over the past few years. With record-high homeowner equity, many are sitting on what feels like a financial windfall. As the 2025 housing market evolves, the question looms: Should you sell your home and capitalize on your equity, or stay […]
Buyer Unlock Your Path to Homeownership with Down Payment Assistance Programs Unlock Your Path to Homeownership with Down Payment Assistance Programs With rising home prices and fluctuating mortgage rates, the dream of homeownership might seem out of reach for many. But here’s some good news: the number of Down Payment Assistance (DPA) programs has grown significantly, providing more opportunities than ever to make homeownership a reality. […]
Buyer Moving To A New State? Don’t Forget To Add These Tasks To Your To-Do List Moving to your new home is no easy feat. But moving across state lines? It adds a new level of intricacy that can overwhelm you if you don’t plan for everything in advance. In this blog, we go over some moving essentials that you might have missed. Feel free to add them to your moving-out-of-state checklist to help make your move go as smoothly as possible.
Homeowner The Surprising Trend in the Number of Homes Coming onto the Market Here’s an update on the supply of homes currently for sale. Whether you’re buying or selling, the number of homes in your area is something you should pay attention to.
Buyer Down Payment Assistance Programs Can Help Pave the Way to Homeownership If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. According to the National Association of Realtors (NAR), 38% of first-time homebuyers find
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Homeowner Home Prices Are Not Falling Home prices aren’t falling anymore. . . The surprisingly quick recovery suggests that the residential real-estate downturn is turning out to be shorter and shallower than many housing economists expected .
Buyer Are You a Homebuyer Worried About Climate Risks? As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on property portfolios, homeowners, and communities.
Homeowner Four Ways You Can Use Your Home Equity If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 in equity right now. That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates: “While the pandemic created serious challenges, the silver lining for anyone who owned a home was the sizable equity gain. Understanding how home equity works, and how to leverage it, is important for any homeowner.”
Buyer Gen Z: The Next Generation Is Making Moves in the Housing Market The youngest generation, Gen Z, is charging into the housing market with a determination to put down roots and achieve financial independence. Startlingly, the latest report from the National Association of Realtors (NAR) reveals that 30% of Gen Z buyers are skipping the traditional route of living with their parents and are instead diving straight into homeownership.
Buyer Why Homeownership Wins in the Long Run Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision.Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own wealth. That may be why, in a recent Fannie Mae survey, 70% of respondents say they believe buying a home is a safe investment.Here’s a look at how just the home price appreciation piece can really add up over the years.Home Price Growth over TimeThe map below uses data from the Federal Housing Finance Agency (FHFA) to show just how noteworthy price gains have been over the last five years. And, since home prices vary by area, the map is broken out regionally to help convey larger market trends.
Buyer The True Cost of Selling Your House on Your Own Selling your house is a complex process that can be challenging to navigate on your own. Real estate agents have the expertise and resources to help you sell your home quickly and for the best possible price.Here are some of the ways a real estate agent can help you sell your home:Marketing and exposure: Agents have access to a wide range of marketing tools and platforms, including MLS listings, professional photography, and virtual tours. This can help you reach a wider audience of potential buyers.Managing liability and legal considerations: Selling a house comes with a lot of legal paperwork. Agents are familiar with the contracts, disclosures, and regulations necessary during a sale, which can help you avoid legal complications.Negotiations and contracts: Agents can help you negotiate the terms of a sale and protect your interests. They have experience in handling tough negotiations, counteroffers, and contingencies.Pricing and housing market knowledge: Agents have access to comprehensive market data and the expertise to analyze it accurately. This can help you price your home competitively and avoid overpricing or underpricing it.If you're considering selling your home, it's important to weigh the pros and cons of selling on your own versus working with an agent. While selling on your own can save you money on commission fees, it can also be time-consuming and stressful. An agent can help you navigate the selling process smoothly and get the best possible price for your home.Here are some additional benefits of working with a real estate agent:Peace of mind: Knowing that you have an experienced professional on your side can give you peace of mind during the selling process.Time savings: Agents can handle the day-to-day tasks of selling your home, freeing up your time to focus on other things.Expert advice: Agents have years of experience in the real estate market and can provide you with valuable advice and guidance.If you're ready to sell your home, I encourage you to contact a real estate agent today. They can help you make the process as smooth and stress-free as possible.
Buyer 5 Common Mistakes First-Time Homeowners Make After Moving In The euphoria that comes with purchasing and moving into your first home is unlike no other. You will soon be able to personalize your bedroom, cook in your dream kitchen, or create your version of a backyard oasis. But oftentimes, the excitement can get the better of you. 
Buyer Here’s How to Deal with Things Sellers Leave Behind in Your New Home Once you’ve closed the deal and got the keys to your new home, the next exciting part is bringing your belongings with you so you can finally settle in. But rather than finding your new place in a spic and span state and enjoying the fresh start, you stumble across items that the sellers left […]
Buyer Thrifty Ways To Furnish Your New Home For Less You’ve bought your first home—congratulations! It’s a huge milestone you finally accomplished after what could be years of saving up for the down payment. However, once you’ve moved into your new home, that’s when it hits you. Your house now requires far more furniture than the tiny apartment you rented. And the furniture is expensive.  […]
General Hosting Thanksgiving At Your New Home? Here Are Last-Minute Tips to Get Ready Owning and buying your first home is the perfect reason to host Thanksgiving dinner. And since it’s next week, chances are you have already made a checklist and started getting ready for the long-awaited holiday. But if you haven’t or still need a few reminders to make your festivities even a little less overwhelming, we’ve […]
Buyer 10 Practical Tips for Buying Second Hand Furniture For Your Home You just got the keys to your new home and can’t wait to adorn your space with brand new furniture. That’s fantastic, especially if you already have specific items in mind or you’ve been eyeing a particular piece for such a long time. But if your budget is quite limited, especially after paying for closing […]
Buyer Fundamental Questions To Ask Before Hiring Professional Movers: Part 2 Do you use subcontractors or a third-party to handle and deliver my belongings? Before you work with a mover, you need to know how they operate and if a different company will actually be doing the loading, transporting, and unloading of your belongings. This is because while many moving companies have their team, some movers […]
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