It may never be too early to become a homeowner. But for some, it may be better to wait until they mature a tad.
Obtaining an affordable mortgage is an art, not a science – especially for first-time buyers – and is just as important as finding an affordable house.
Only a lender can tell a homebuyer how much they can spend on a house. But you don’t have to spend that much, and probably shouldn’t.
Nowadays, disclosures are required in all 50 states. But many forms are so long, so full of legalese and so poorly presented that consumers will not read them.
We all carry unconscious biases. We’re simply more comfortable around people who are like us. Unfortunately, this can find its way into our work lives in insidious ways.
Many people rely on online reviews to decide what to buy. Indeed, research from Nielsen Global Media shows that opinions posted online are second only to personal recommendations in influencing purchase decisions.
Homeowners who lose their homes to wildfire, flood, tornado or another national disaster often lose the records needed to prove their losses – for tax purposes, obtaining federal assistance or reimbursement from their insurance companies.
An offer can easily disappear if a seller isn’t around to accept or counter it. If you are totally out-of-pocket for days at a time, your wannabe buyer might just move on.
Some homebuyers are about to catch a break, courtesy of the Federal Reserve Board and other banking regulators.
Potential buyers and their real estate agents often engage in a complicated courtship dance. A top-flight real estate coach offers ways the best agents overcome prospective clients’ common objections.
Nothing is more devastating to a homebuyer than to search for months and finally find the place they want, only to be rejected by their lender. But it happens. According to LendingTree, 1 in 10 would-be borrowers are turned down.
Many – if not most – homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies.
Parents can take a number of steps to help their offspring purchase their first homes. But beware, lest Mom and Dad steamroll their kids’ real opinions, needs and desires.
Today, proponents of accessory units believe they will help ease housing shortages by expanding the options for people of all ages. Now, many communities throughout the country have been relaxing their restrictions against ADUs, or outright encouraging them.
Trulia also discovered that if a house was haunted, buyers would rather it be possessed by a vengeful ghost than a demon. And, apparently, they’d be willing to live with the antics of the poltergeist: Less than half would be willing to pay for an exorcism.
Some real estate professionals say there are some words neither their colleagues nor their clients should use in their listings. These phrases and terms are so overused that they have become meaningless.
Wire fraud has registered a year-over-year increase in losses of about 85-90 percent, and real estate transactions are one of scammers’ favorite targets. Luckily, there are a few simple things you can do to protect yourself and your customers.
With far fewer sellers distracting buyers from your listing and pretty holiday decorations providing excellent staging, the only challenge is keeping the walk shoveled and the piles of coats tucked away.
People buy fixers for all sorts of reasons. Money, of course, is the main factor. But many simply like the house or the neighborhood, and a healthy minority figured they’d enjoy working on the place.
Elder financial abuse is “widespread and damaging,” with the average victim losing $41,000, and almost one in 10 losing more than $100,000. Sadly, the culprits are most often family members, but banks have ways to protect their older clients.