Closing costs vary wildly and depend on the type of loan, the amount of the down payment, and a host of other factors. Unfortunately, this lack of information frequently causes real estate deals to disintegrate. To avoid this particular problem, pay attention to all communications from your lender. First, you will receive a form called […]
The real estate industry does a great job of reminding homebuyers that they’ll need a down payment – typically from 3 percent to 20 percent of the total loan amount – when they purchase a home. What they often fail to inform real estate consumers about are the loan’s closing costs – the money you […]
All homes – even newly constructed ones – may have problems. Going into the process not fully understanding this can set you up for a failed real estate deal. Of course, you ideally want to find a home that was owned by Mr. or Mrs. Clean who conscientiously took care of it during their entire […]
When you purchase a home in a managed community governed by a homeowners association (HOA), you’ll be given a ton of paperwork to read and approve. Because there may be deal killers included in the fine print, it’s important to get to this task immediately upon receipt of the documents. Look for any information about […]
A sellers’ market can move very quickly to assume that the homeowner will negotiate over price. While the type of market may determine when to jump in, interest rates can also cause excitement in the housing market. Low rates and relaxed lending guidelines, present a prime opportunity for many would-be buyers who previously couldn’t afford […]
A buyers’ market—when there is a large selection of homes for sale and few other buyers in the market—is a great time to purchase a home. Unlike a sellers’ market, prices aren’t rapidly escalating and you won’t be competing against a slew of other buyers. These markets are more relaxed so homebuyers can take their […]
There’s an old saying in the real estate industry that counsel’s homeowners that the best time to sell a home is when you need to sell your home. Yes, we understand that isn’t very helpful if you’re one of the fortunate that an choose when to put your home on the market. Get excited if […]
The current economy is a key factor affecting the real estate market. Broadly speaking, when the economy is sluggish, so is real estate. Rather than look at the glass half-full, we choose to take the opposite tack—when the economy is humming along, the housing market is at its most attractive. When job growth is robust, […]
It certainly is no secret that obtaining a lower interest rate for a mortgage typically allows for a lower payment. Naturally then, low interest rates make home-buying an attractive venture—and, even whispers of a rate hike can interest buyers to get out into the market. For instance, by the end of 2015, the U.S. saw […]
Real estate professionals get that consumers, by and large, ignore housing statistics and the market until they become involved in the purchase or sale of a home. It’s only natural then that what impacts the market is a bit of a mystery to many. What determines a buyers’ or sellers’ market? What factors influence home […]
