Tag Archives: progress
50 Years Later: Pricing

50 Years Later: Pricing

As we wind up our “Fifty Years in Real Estate” blog series, we want to stress the enduring and priceless value of homeownership; something that will always remain and continue to give back regardless of the year. We take immense pride in helping potential/hopeful homeowners realize their dream. The homebuying and selling process is an […]

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50 Years Later: Interest Rates

50 Years Later: Interest Rates

Interest rates are the absolute best tool for enabling your home to also serve as an economic investment. Why? Originally real estate loans were not amortizing. They were interest only, and due and payable after three or five years! But once these loans became amortized, it allowed owners to know and plan their house payment for […]

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50 Years Later: Financing

50 Years Later: Financing

50 years ago a mortgage was easily obtained by filling out a one page form with four simple questions: Name? Address? Profession? Income? The lender based approval on this simple form and no verifications were needed. Approvals were usually obtained in two weeks or less and most were always done in person or via US mail. Fast […]

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50 Years Later: Purchasing

50 Years Later: Purchasing

50 years ago, everything was done in person. Houses were seen in reality (not virtually), contracts signed in person at a desk (not a desktop), and loans were applied for and approved at the bank (not a cloud). Today and unheard of even five years ago, homes can be seen online, potential buyers can get […]

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50 Years Later: Floor Plans

50 Years Later: Floor Plans

Generally, it’s pretty clear when you walk into a home what era it’s from. Fifty years ago, post World War II homes were boxy and compartmentalized. Defined spaces with a living room, dining room, and kitchen, largely in 2-story or ranch floor plan, kept things very formal. The late 60s and 70s saw a new […]

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50 Years Later: Disclosure

50 Years Later: Disclosure

Before you purchase any product, you want to have all the information you can about it to ensure you’re not getting ripped off, that it’s the proper product, and that it will satisfy your needs. In real estate, this is critically important; however, not until recent years was information like this fully disclosed. Twenty, thirty, […]

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50 Years Later: Transparency

50 Years Later: Transparency

The increase in data transparency in the industry has significantly helped with progress. Thirty, forty, and fifty years ago, not everyone shared information. Properties were bought and sold “in private.” 50 years ago, transparency did not exist. In fact non-transparency was the norm. Many, many, transactions were done “behind closed doors” – which at the time […]

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50 Years Later: Communication

50 Years Later: Communication

Continuing with our recap of the evolution of the real estate industry in the last 50 years, this week we’re discussing communication. This particular topic spans across all industries and is definitely an overall advancement for all of mankind with the invention of fax machines, desktop computers, cell phones, laptop computers, and now tablets. 50 […]

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