The process of owning your own home involves a lot of important choices to be made and one of the very first decisions you will need to decide on purchasing a house is whether you want an existing one or have a new one built. Each has its own advantages and disadvantages, but in this
Read moreHappy New Year! Are you in the market for a new home this 2021? Here are a number of tips to help you get a jump start on improving your credit score this year. The first is for you to get a hand on your credit report from one of the major agencies. As per
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I get to talk with friends, family members and acquaintances about home ownership often enough and I came to realize that Yes, fear of the unknown, getting false opinion from others who also have their own fear. Most of all, its fear of the process because they simply do not have enough understanding of it.
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It’s impossible to know and even more to predict when prices of real estate will collapse. And as we can see, despite a crazy and hard year we have the housing market is still going strong. So the straightforward answer to the question of whether or not you should wait to buy a house in
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Along with providing the opportunity to generate some extra cash flow each month, buying a rental property can also teach you a lot about real estate investment and serve as a platform for future investments. However, if you commit to purchasing a property without knowing what you’re getting into, it can lead to more trouble
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When time comes to tour houses, you may feel like you’re on an HGTV show. You have your wish list, your budget, and you’re on the search for the perfect home. You may not have Chip and Joanna Gaines showing you around, but the idea is still similar to your favorite home shows. Shows like
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To the well-ordered mind, growing older is not a disadvantage, but rather, an opportunity—an opportunity for change and for growth, and especially, an opportunity to live the life that you’ve always wanted. With an empty nest and retirement in hand, it’s a good time to just be, as well as time to move towards the
Read moreBrowsing for homes online is every home buyer’s delight. At just a few clicks away and you’re faced with thousands of beautiful homes right at your fingertips. It’s exciting to imagine the possibilities of living in that elegantly decorated rooms, to have a weekend BBQ party in a spacious backyard or just spend your personal
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If you think you can’t afford to buy a home, you may be surprised to learn otherwise. In 38 states, buying is actually cheaper than renting. However, buying a home comes with many costs not typically included with renting, like repairs and closing costs. So how do you know if you’re ready to make the investment? There
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Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of
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Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for
Read moreSome Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state.
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Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced
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In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy. According to Bank of America’s annual Home Buyer Insights
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Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a closing disclosure 3 days
Read moreSome Highlights: The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply. NAR’s Chief Economist, Lawrence Yun, had this to say: “After six consecutive months of decline, buyers are finally stepping back into the housing market. As more inventory enters the market and we
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Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single. According to the 2018 Home Buyer and
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CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, “The rise in mortgage rates this summer to their highest level in seven years has made it more difficult for potential buyers to afford a home. The slackening in demand is reflected in the slowing of national appreciation, as illustrated in the CoreLogic Home Price
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Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains the
Read moreSome Highlights: In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual family. Nationwide, it is now 26.3% cheaper to buy.
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