World events and government spending has led to soaring inflation
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Buying a new home is exciting and confusing. There are a lot of steps to buying a home, and people have questions. These are the most common questions home buyers have, and the answers.
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With so many buyers vying for the same property, it’s important to write the best offer right up front. Here are 5 tips to help you write a strong offer.
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With soaring home values and rising interest rates, many potential first time home buyers find saving for a down payment increasingly difficult. For many people, the main source of savings is in the form of a 401k and tapping into this resource for a home purchase is one way to find the down payment necessary to finance a new home; but should you use your 401k to buy a home? Experts are conflicted.
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One of the most important financial considerations of buying a new home is the interest rate paid on the mortgage.
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Couples dream of buying a home together, leisurely enjoying a latte while dropping by open houses to look at remodeled kitchens and manicured backyards. Today’s market is quite different. Desirable homes are snapped up the moment they hit the market, often with multiple offers. Homebuyers in this climate must move quickly. This may require jumping on an opportunity without both partners adding their input.
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Buying a home is often an emotional decision; perhaps even more so than a practical, financial decision. Real estate marketing has recognized this for decades which is why agents have emphasized curb appeal and staging to their clients. Open houses have featured the smell of fresh baked cookies and soothing music, all in an effort to appeal to the buyer’s sense of home and comfort.
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As the world emerges from the pandemic era and begins to look for a new normal, we’ve all changed the way we look at homeownership and lifestyle. More and more, families are forgoing exotic vacations and using the savings to enhance their home for staycations. In addition to the home improvement boom, the second home market has also exploded. Owning a second home was once a privilege for the rich and famous, but now even those with a modest income can purchase a second home.
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If you’re planning to buy a new home, you may be wondering about the down payment. Loan programs require down payments as low as 3.5% for FHA loans and conventional offers as low as 5%. While you have a lot of options, there are 4 strong benefits to making a 20% down payment on your home.
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Whether you plan to buy a single-family home, condo, or townhouse, buying in a new development can cause years of issues if you don’t choose a property with a solid, reputable home builder.
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More than one seller has been surprised to find that their favorite chandelier is not theirs to take when they move. First-time home sellers might be especially confused when confronted with an exclusion form presented by their agent, but understanding what is, and is not included in the sale by statute is important to avoid disappointment on both sides.
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First-time homebuyers are struggling to find affordable housing. Unlike recent years when inventory was high and finding a great home was easier, now buyers are faced with either postponing homeownership or making compromises.
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An essential component of any listing strategy should be a good backup offer, meaning that another buyer is willing to step in and close if escrow falls through. As you consider a backup offer, here are 4 things you need to know
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Before meeting with your real estate agent, consider the specifics of what you need. For example, when explaining that you need more space, be specific about what that means. What does “space” mean to you?
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House hunting has become a sport over the past year! The idealized vision of a leisurely Saturday morning reviewing open houses and plotting the day’s tours over lattes and croissants is a thing of the past. While popping into the local open house might be fun for the casual looker, if you are serious about finding your next home, this climate demands strategy.
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Selling your home for the first time can be just as confusing as a home purchase, so here are a few things to remember as you navigate your home sale.
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