Hoffman West Real Estate


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The Inside Workings of Credit Scores

Copyright: wirojsid123RF Stock Photo.jpg Consumers are encouraged to check their credit reports once per year. The primary reason for doing so is to make sure there aren’t any mistakes. Unfortunately, credit reports are prone to contain mistakes. It’s not really the fault of the three main credit repositories, Equifax, Experian and TransUnion because all three […]

OK Boomer, Who’s Going to Buy Your 21 Million Homes?

ByLaura KusistoNov. 23, 2019 12:00 am ET SAVE SHARE TEXT 619 RESPONSES SUN CITY, Ariz.—When this Phoenix suburb opened on Jan. 1, 1960, it was billed as the original retirement community. From above, it would look like a UFO landing site, laid out in rings to mimic halos surrounding the sun. Just past the entrance, a […]

Vail Valley real estate sales, volume now ahead of 2018

By the numbers 11%: Increase in Eagle County real estate sales volume over the same period in 2018.* 6%: Increase in real estate transactions over the same period in 2018.* 18: September transactions in Beaver Creek. $1.3 million: Average Beaver Creek transaction price in September. *Figures are for 2019 Eagle County real estate activity through […]

Inspection vs. AVM vs. Appraisal

All three of these terms involve some sort of activity on a property. An inspection, an Automated Valuation Model, or AVM, and an appraisal. While related, they all have different functions but sometimes they’re confused with one another. Let’s take a closer look. A property inspection is ordered by the buyers. While not required by […]

New Appraisal Rule: What Does It Mean for You?

A new home appraisal rule just went into effect—the first time in 25 years that “federal regulators have increased the property value limit of the homes that require an appraisal as part of the selling process,” said REALTOR® Magazine. The rule exempts some home sales priced at $400,000 and below from requiring an appraisal. That figure […]