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FSBO Regrets

Selling your home "For Sale By Owner" (FSBO) can be alluring:  save on commission, control the process, pocket more profit. But for many, the reality bites back. Surveys show FSBO sellers often regret their decision, facing unforeseen challenges and missing out on potential benefits. Underestimating the complexity is a common pitfall. Legal issues, contracts, negotiations - navigating these solo requires...

Trends in MT real estate

The real estate market in Montana has been on a steady rise, with home prices increasing by an average of 5.5% year-over-year in the fourth quarter of 2022. This trend is expected to continue in 2023, with Zillow predicting that home prices will increase by 1.3% in Billings and 2.4% in Bozeman. There are a number of factors contributing to prices in Montana's real estate market. One factor is the...

Baby Boomers Real Estate Effect

Baby boomers are the generation born between 1946 and 1964. They are the largest generation in American history and they have been heavily entering retirement over the last decade. By end of 2020, almost 30 million Boomers had retired nationwide, an increase of 213% from the previous year according to the PEW Research Center. This is having a significant impact on the real estate market in Montana not to...

2021 Housing Stats

News stations have been reporting that inflation has reach a forty year high at 7%, but that they expect it to decrease to 5% by summer and project to have it down around 3-4% by the end of 2022. In order to accomplish this, the Feds will need to hike interest rates 1-2 times this year. As a result, the National Association of Realtors expect 30 year fixed mortgage rates to increase to approximately 3.7% -...

Fraud in 2018

Of the 1.4 million fraud reports in 2018, 25% of those victims claimed they lost money to scammers to a tune of $1.48 billion! How are folks typically getting taken advantage of?  The three leaders are identity theft, debt collection and imposter scams. Imposter scams entail, for example, someone pretending to be from the government (IRS) or tech support to fix your computer or emergency personnel. They...

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