If you’re searching for a rental house, the best place to start is by looking in the real estate section of your Sunday newspaper. Check similar properties in your area for the range of prices. Supply and demand are factors to consider. If you’re near a college campus for example, there is a constant demand […]
If you refinance your home, you may have to pay closing costs; discount points (used to increase the lender’s yield or profit on the loan and equal to one percent of the loan amount); appraisal fees; application or loan processing fees; document prep and recording fees; origination or underwriting fees; lender or funding fees; loan […]
Renting your property is a complicated task. On top of management and repair issues, perhaps the most difficult part of renting property is setting the proper rental rate. If the rent is too high, qualified applicants will be scared away — and even if it is rented, the length of residency may be short. If […]
Hiring an agent when you decide to buy a home helps you understand the buying process and the local market. They’ll also go over contracts and fine print with you, so you understand what you’re agreeing to. Plus, they’re good at negotiating, making sure you get the best deal. Expert advice from a trusted real […]
The combination of high demand for homes and shrinking inventories produces a seller’s market and typically signals rising home prices. While many forecasters expect home prices to continue rising this year, they caution that they won’t climb as quickly or as much as they did last year. Whether or not this signals a trend toward […]
There is a lot of competition out there from other homebuyers. This makes it more important than ever to have all your ducks in a row before making an offer on a property. Ensure you know exactly how much you can spend and that you’ve obtained a preapproval letter from your lender. Make your offer […]
If you think about everything that needs to be done to sell your house, you certainly will feel overwhelmed. Take one step at a time, one small task at a time. Break it down to manageable-sized chores and you’ll have better results. First things first – have a garage sale. Whatever doesn’t sell needs to […]
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 […]
