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How homebuyers can stick out in a crowded real estate market

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Homebuyers will need to take certain steps to stick out in what could soon be a crowded real estate market.

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The real estate market is poised for a significant shift following the Federal Reserve’s decision to cut interest rates by half a percentage point on September 18. Many realtors and mortgage brokers predict that these lower interest rates will likely attract more buyers to the housing scene. This increased demand could drive home prices higher and intensify competition for an already limited inventory.

So, how do you stand out in this hot housing market? We sought advice from three seasoned real estate agents. They shared their best tips and explained why buying now — even with higher interest rates — could be smart for some homebuyers.

Not sure what mortgage interest rate you’d qualify for? Find out here now.

How homebuyers can stick out in a crowded real estate market

The experts we spoke to suggest three key strategies for gaining an edge in a crowded market:

Get pre-approved for a mortgage

“Get pre-approved with an understanding of your high or low,” says Joe Chung, realtor at Equity Union Real Estate in Palm Springs, California. This way, you know exactly how much you can borrow and under what terms.

A good mortgage lender will look closely at your finances and help you find the best rate and loan options you qualify for. With pre-approval in hand, your agent can show sellers that you’re a serious, financially qualified buyer — giving your offers more weight in a competitive market.

However, it’s important to get a formal pre-approval, not just a ballpark estimate. It gives a more accurate picture of what you can afford and positions you to act quickly on suitable properties. Having your financials fully vetted upfront ensures you’re focusing on homes truly within your budget.

Start the pre-approval process online today.

Work with an experienced real estate agent

A skilled real estate agent doesn’t only help you find homes. They know how to secure the best deal possible in a competitive market.

Evelyn Lueker, sales associate at Auker Group in San Diego, California, told us she recently helped a family save $150,000 on a home purchase. In this instance, she found the perfect home for her buyer — but it was overpriced. So, she built a strong relationship with the listing agent by conveying the value of working with her. After establishing the relationship, Lueker learned about a pending price drop before anyone else. As a result, she was able to get her client’s offer accepted within 24 hours of the price reduction — beating out other potential buyers.

By working with an experienced agent, you benefit from their market expertise and strategic negotiation skills. These advantages can help you close on the right home at a fair price, no matter the market conditions.

Visit the home the day it hits the market

In a crowded market, being first can give you a huge leg up.

Lauren Hurwitz, a New York-based licensed real estate salesperson at Compass, suggests visiting a home the day it hits the market. Then, “make a super solid offer that puts an end to open houses and showings,” she advises.

Hurwitz also emphasizes that listing agents like buyers who act fast and show confidence. Even if you aren’t 100% sure about the house, putting in a starting bid on day one “shows you have [a genuine] interest in [it],” she explains.

Plus, it doesn’t cost you anything to place a bid at this stage — you have nothing to lose by getting your name in early.

The case for buying now

Many homebuyers are waiting for lower interest rates because they think that’s the right move. But this waiting game could backfire. “As rates come down, so will supply. Prices and demand will inevitably go up,” says Lueker. That’s why she advises against counting on a rate drop — it’s better to buy a home you love now, even if the interest rate isn’t ideal.

Remember: You can refinance later if rates drop, but you can’t go back in time to buy a home you missed out on.

The bottom line

Taking action today can position you to get your dream home, even in this challenging market.

Start by picking an experienced, highly recommended realtor to guide you through the process. At the same time, consult at least three lenders to understand your financial options.

Before you start shopping for the perfect home, consider Chung’s sage advice: “[Think about] your future needs of a home, then lay [them] out like a vision board.” From there, you can approach your home search with clear priorities.

While mortgage interest rates may go lower in the coming months, waiting could lead to higher home prices, reduced inventory and fiercer competition. Weigh your options carefully, but don’t let indecision cost you opportunities.



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5 years after woman vanished in Idaho, ex-boyfriend is arrested for her murder

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A man has been arrested and charged with murder in the 2019 disappearance of his ex-girlfriend in Idaho. 

Rae Allison Berwanger was reported missing on March 7, 2019. During the investigation into her disappearance, the Bonner County Sheriff’s Office looked at her ex-boyfriend, Jordan Jarrad Law, as a person of interest, according to a news release. 

Law, 46, lived near Berwanger, who was 54 at the time of her disappearance. She was last seen at his home, according to CBS affiliate KREM. Berwanger had been struggling with substance use, family members told KREM, but was making strides towards sobriety shortly before her disappearance. 

Berwanger’s brother-in-law, Jimmie Bailey, told officials that he went to Law’s residence after the couple had a “falling out,” according to court documents reviewed by KREM. Berwanger told Bailey that she wanted to move to Washington state. After Berwanger disappeared, Law told officials that she had spoken about leaving the area, and said she might have gone to visit a friend.

Law also told detectives that he had sold Berwanger a vehicle for $800 three days before her disappearance. Law said both Berwanger and the vehicle had disappeared, but that he had found the car abandoned at an intersection two days later and transported it back home. 

According to police, detectives later found that Law had used Berwanger’s bank cards at two establishments after her disappearance, taking out $1,200 in $400 increments. Security cameras showed him driving the car he said he had sold Berwanger, KREM reported. Law was arrested for allegedly using the bank card, according to KREM. 

Police said Tuesday that a “lengthy investigation” into Law finally resulted in murder charges. 

He was indicted on a charge of murder in the second degree, a charge of offering false evidence and a charge of destroying evidence. Law also faces two charges of rape, which police said were “relevant to an additional victim that was discovered during the investigation.” 

Law was arrested in Spokane, Washington on Wednesday, police said. 

Police said that evidence from the Idaho State Police’s Sexual Assault Kit Initiative helped lead to the charges, but did not elaborate on how. 



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Can debt relief help with your tax debt?

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If you’re trying to get rid of unpaid tax debt, there are solutions worth considering.

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Millions of Americans are grappling with high amounts of debt in today’s challenging economic landscape. Whether it’s credit card balances, personal loans or other financial obligations, the weight of that debt can feel suffocating. But that burden has become even more pronounced recently, as many households are stretched thin due to elevated borrowing rates and the lingering effects of inflation on consumer goods prices.

While the cost of borrowing has begun to cool, the impact of the last few years of economic turbulence is still being felt. Budgets that once had room for maneuvering now feel constricted, leaving many people searching for solutions to their mounting debt concerns. And while credit card and loan debt may be the most common forms of financial strain, those are certainly not the only types of debt causing challenges. For a significant number of people, tax debt is a particularly daunting challenge, too.

If you’re dealing with something similar, you may be wondering whether it makes sense to contact a traditional debt relief company for help, since these companies can typically help reduce your total credit card debt or lower the interest rates or fees on your debt. But can debt relief be used to help with your tax debt? Below, we’ll detail what you should know.

Explore the many debt relief options available to you here.

Can debt relief help with your tax debt?

The short answer to that question is: Not really.

Debt relief companies typically focus their efforts on helping you manage credit card and loan debt, or even medical debt. When it comes to tax debt, though, these companies generally aren’t the solution you need, as back taxes come with a different set of rules and consequences. 

Debt forgiveness (or debt settlement) programs, for example, are designed to negotiate lower balances on unsecured debts like credit cards. Tax debt is not considered an unsecured debt in the way that credit card debt is, though. When you owe the IRS, your debt is tied to federal laws and regulations, which tends to make it more complicated and less negotiable than other types of debt.

The IRS also has legal authority to take actions that credit card companies cannot, such as placing liens on your property, garnishing your wages or levying your bank accounts. These are powerful collection methods that require specialized solutions, not typical debt relief services. 

So, while it might be tempting to contact a debt relief company to address tax debt, the reality is that most of these services won’t be able to provide the assistance you need. In most cases, you’ll need to find a different type of debt relief service to help.

Learn more about how debt relief could help with your loan and credit card debt.

What are my tax relief options?

If traditional debt relief isn’t the answer to dealing with back taxes, what options are available for those struggling with tax debt? There are specialized tax relief companies designed to address this unique form of financial obligation. These services can help ease your tax burden and get you back in good standing with the IRS. 

Unlike general debt relief companies, tax relief firms have in-depth knowledge of tax laws, IRS procedures and the various programs available to taxpayers in distress. These companies also typically offer a range of services tailored to your specific situation, but one of their primary functions is to act as an intermediary between you and the IRS, leveraging their expertise to navigate the complex world of tax regulations. 

Here are some ways a tax relief company can help:

  • Penalty abatement: In many cases, tax relief services can work with the IRS to reverse fees and penalties that have been added to your original tax debt. This can significantly reduce the amount you owe.
  • Installment agreements: Tax relief experts can negotiate affordable payment plans with the IRS on your behalf, which allow you to pay off your tax debt over time, often with lower monthly payments than you might secure on your own.
  • Offer in compromise: In certain situations, tax relief services may be able to negotiate a settlement for less than the full amount owed. While this is not as common as with private debt, it is possible under specific circumstances, such as financial hardship or disputes over the amount owed.
  • Currently not collectible status: If you’re facing severe financial difficulties, tax relief professionals may be able to temporarily halt collection efforts by having your account classified as “currently not collectible.”
  • Lien and levy release: Tax relief services can work to remove liens on your property or release levies on your assets, helping to protect your financial interests while you work to resolve your tax debt.
  • Audit representation: If you’re facing an IRS audit, tax relief experts can represent you throughout the process, ensuring your rights are protected, potentially minimizing additional tax liabilities.

Find out what your tax relief options are here.

The bottom line

While traditional debt relief can help with many types of debt, they may not be the answer to your tax debt woes. However, specialized tax relief services can offer a path forward. By understanding the unique nature of tax debt and seeking appropriate assistance, you can take concrete steps to address your obligations to the IRS and regain control of your financial future. Just be sure to act promptly, as the sooner you address your tax debt, the more options you’ll have available to resolve it.



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How Chris Hemsworth’s kids convinced him to play young Optimus Prime in “Transformers One”

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For Chris Hemsworth, whose career skyrocketed after playing Thor in the Marvel universe, the decision to voice Optimus Prime was an easy one—especially after consulting with his kids. 

“They said, ‘Absolutely, you have to play this character,” Hemsworth said. 

Transformers One offers a fresh take on the familiar story, showing a young Optimus, known as Orion Pax, during his early days as a lowly miner on the planet Cybertron. He was once best friends with D-16, who eventually becomes the evil Megatron. Brian Tyree Henry, an Oscar, Emmy and Tony-nominated actor, voices the younger version of Megatron.

The film showcases the journey of the two characters, from friends to enemies, leading to a transformation when D-16 turns into Megatron. 

“We’ve never seen them as younger versions of themselves when they were friends,” Hemsworth said.

Stepping into the shoes of Optimus Prime wasn’t something Hemsworth took lightly. He had to live up to the legendary voice of Peter Cullen, who has been synonymous with the character for decades. That prompted Hemsworth to do his homework to study Cullen.

“He would sort of contort his neck and his, you know, body, into a position,” Hemsworth said. “I used that a little bit, too.I did exactly that, I had to kinda squash my vocal chords into a certain position.”

Transformers One marks a return to the animated roots of the franchise, bringing back the nostalgic feel of the original 1980s cartoon. Hemsworth hopes audiences will enjoy the movie, both for its action and heart. 

“I hope people get something from it on a deeper level, but mostly the same reason I went to the cinema as a kid, the same reason I go to now, is just to have fun … to laugh, to smile, to cry, have a journey, have an emotional experience,” said Hemsworth. 

“Transformers One,” distributed by Paramount Pictures, which is part of CBS’ parent company, Paramount Global, will be in theaters today. 



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