What drives up my home insurance costs? Why is my insurance premiums so high? If you’re a new homeowner, this must be one of the many questions that have crossed your mind since you embarked on this new journey. Well, the location, construction, condition, and certain features of your home all ...
In simplest terms, a mortgage is a long-term loan designed to help borrowers purchase a house. It allows individuals to become homeowners without making a large down payment and thus, fulfilling The American Dream. Once you become a homeowner, a mortgage represents one of your life's biggest ...
Congratulations, you’re about to purchase your first home! We’re guessing you’ve already gone through the mortgage pre-approval phase, and now it’s time to do the exciting part: house hunting! While you can shop with confidence because of the pre-approval letter provided by your lender, you ...
Another complicated thing about selling a home is the issue of what you and your real estate agent need to disclose. You really want to sell your house and at the best possible price. But on the other hand, you don’t want to be a sneaky seller and feel like you are deceiving anyone. It can be ...
When is the right time to buy your first home? It's a common thing to be pressured by family and peers in considering the right age to buy your own property. Some people are eager and ready enough to fulfill this American dream early while in their 20s. But others may want to take their ...
When looking for homes online, home buyers might chance upon a property with a “contingent offer” status. This means that an offer has been made and accepted, but the sale is still conditional while both parties work on meeting certain criteria.These criteria, or contingencies, are actions ...
Let’s face it: there’s already a growing number of freelancers, contract workers, and gig economy workers in the U.S. It’s not surprising, given that many people now want to be their own boss or work from their own homes while sitting comfortably in their sofa. In a 2017 survey conducted by ...
Planning to buy a home while the market is tight? Don’t dive in unprepared! Understand what makes up a seller’s market, and follow a plan to make your offer stand out.
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For some people with enough funds and other houses to live in, selling a home and buying one at the same time can be relatively easy since there is not much pressure involved. But for those who need the equity from their old house to buy a new one, things can get quite stressful--especially so ...
In an analysis conducted by the National Association of Home Builders (NAHB), it was found that there was a larger percentage of new homes, especially single-family homes, that cater to the preferences of many home buyers today. Significantly, new construction is addressing the substantial ...
According to the U.S. Census Bureau in 2016, more than 42 percent of people said they moved for a housing-related reason. Many of them either wanted a new home or a better apartment. Other reasons people cited for moving include family and employment-related reasons. “The decision to ...
Whether you are a first-time home buyer or a third-time home seller, the real estate transaction can be confusing and stressful enough even without the many terms and acronyms used during the process. But don't be overwhelmed — we've compiled a mini-glossary of the important terms you ...
The viewing is usually the most exciting part of looking for and purchasing a home. It is the biggest purchase anyone ever makes, and home sellers usually go above and beyond when staging their homes. Because of this, home buyers find it so easy to fall in love with a home that looks great at ...
You may think that buying a house still isn’t in your realm of possibility. In fact, you may even feel a wave of panic just thinking about where to get the money for your down payment.For many young people, saving up to buy a house is the least of their priorities, especially when you’re still ...
Are you considering buying a house with an interest-only loan? We rounded up the 5 most common questions about this type of loan and came up with the best answers from the experts.
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In a very competitive housing market, buyers need to step up their game in every way possible. They need to establish that they have a good credit score, a mortgage pre-approval, and a reasonable offer with fewer contingencies. However, if sellers are faced with multiple offers from buyers who ...
