Jim Potts

Synergy One Lending

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What Does It Mean To Be In A Seller’s Market: A Brief Overview

April 27, 2023 by Jim Potts

In the realm of real estate, market conditions can differ significantly due to a variety of factors. One such state is known as a sellers' market, which typically benefits those wanting to sell their property. Let's dive into what makes a sellers' market advantageous for homeowners looking to offload their house and why it's an attractive option for buyers too.

Filed Under: Mortgage, Real Estate Tagged With: Demand, Inventory, Mortgages

What To Think About Before Investing In Real Estate

April 21, 2022 by Jim Potts

Do you want to invest in real estate? If you are buying property as a real estate investor, there are a number of important factors to consider. Take a look at some of the most important factors to think about before you decide to sign your closing papers.

Filed Under: Real Estate Tagged With: Location, Real Estate Investment, Real Estate Tips

Getting Your Mortgage Application Approved As A Self-Employed, First-Time Homebuyer

October 6, 2021 by Jim Potts

A significant number of people are self-employed, which means they might be relying on this income to apply for a mortgage. It is true that people who are self-employed may face additional challenges when trying to get approved for a home loan when compared to someone with traditional W2 income, these are obstacles that can be overcome. With the right qualifications and documentation, even first-time homebuyers who are self-employed should be able to qualify for the home loan they need.

Filed Under: Real Estate Tagged With: First Time Home buyer, Real Estate, Self Employed

NAHB: Home Builder Confidence Ticks Up in April

April 16, 2021 by Jim Potts

The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April's national index readings were mixed. Builder confidence in current market conditions for single-family homes rose one point to 88. Builder confidence in market conditions for single-family homes in the next six months fell two points to 81 but homebuilder confidence in buyer traffic in new home developments rose two points to an index reading of 75.

Filed Under: Real Estate Tagged With: Home Buying, Housing Market, Market Conditions

NAHB: Rising Demand for Homes Boosts Builder Confidence

November 18, 2020 by Jim Potts

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November's index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.

Filed Under: Real Estate Tagged With: COVID 19, Housing Market, Market Conditions

Tips For Deciding The Value Of A Home

August 21, 2020 by Jim Potts

Homes are more than just a building. They are filled with memories of children taking their first steps, holidays that were celebrated with family members and friends, and Super Bowl parties filled with smiles and cheers.

Filed Under: Mortgage Tips, Real Estate Tagged With: Home Value, Mortgage Tips, Pricing Your Home

Home Renovations Are On The Rise

June 19, 2020 by Jim Potts

Millennials are among the most common demographic buying homes today. According to numerous reports that have been published, many homeowners are planning on conducting a home improvement project this year. In large part, this is due to millennials wanting to improve their homes. Furthermore, home improvement projects may have bigger budgets this year when compared to prior years. It will be interesting to see what kind of home improvement projects unfold this coming year.

Filed Under: Real Estate Tagged With: Construction Loan, Home Improvement, Renovation

Low Maintenance Landscaping To Improve Curb Appeal

May 22, 2020 by Jim Potts

Attractive landscaping is one of the first things that potential home buyers notice. They may see the landscaping in the photos of a home for sale or may even do a physical drive-by. The view of the property from the street is called "curb appeal." It is important to make this be as nice as possible.

Filed Under: Real Estate Tagged With: Home Improvement, Landscaping, Real Estate

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Jim Potts

Jim Potts


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