About Abbey Wright

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So far Abbey Wright has created 562 blog entries.

Is Mortgage Debt out of Control?

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their [...]

By |2019-07-03T06:00:48-04:00July 3rd, 2019|General|Comments Off on Is Mortgage Debt out of Control?

Millennials Are Increasing the Demand for Condominiums

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications [...]

By |2019-07-02T06:00:53-04:00July 2nd, 2019|General|Comments Off on Millennials Are Increasing the Demand for Condominiums

Top 5 Reasons You Should NOT FSBO

Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBO might not be a good idea for the vast majority of sellers. The top 5 reasons are listed [...]

By |2019-07-01T06:00:31-04:00July 1st, 2019|General|Comments Off on Top 5 Reasons You Should NOT FSBO

Americans Rank Real Estate Best Investment for 6 Years Running! [INFOGRAPHIC]

Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the 4 listed, real estate is the only investment you can also live in! Source: [...]

By |2019-06-28T06:00:40-04:00June 28th, 2019|General|Comments Off on Americans Rank Real Estate Best Investment for 6 Years Running! [INFOGRAPHIC]

Know What to Expect at Your Home Inspection

So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or in some cases, [...]

By |2019-06-27T06:00:21-04:00June 27th, 2019|General|Comments Off on Know What to Expect at Your Home Inspection

Before You Look for Your Dream Home: Know What You Want vs. What You Need!

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d [...]

By |2019-06-26T06:00:34-04:00June 26th, 2019|General|Comments Off on Before You Look for Your Dream Home: Know What You Want vs. What You Need!

Having a Professional on Your Side Makes All the Difference!

In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, the addition of more information causes more confusion. Shows like Property Brothers, Fixer Upper, and dozens more on HGTV have given many a false [...]

By |2019-06-25T06:00:21-04:00June 25th, 2019|General|Comments Off on Having a Professional on Your Side Makes All the Difference!

Stop Wondering What Your Budget Is & Get Pre-Approved!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a [...]

By |2019-06-24T06:00:09-04:00June 24th, 2019|General|Comments Off on Stop Wondering What Your Budget Is & Get Pre-Approved!

Young First-Time Buyers Are Saving for Their Dream Homes

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open [...]

By |2019-06-20T06:00:56-04:00June 20th, 2019|General|Comments Off on Young First-Time Buyers Are Saving for Their Dream Homes