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 that must be met for a contract to […]
Understanding Contingencies: A Guide For Buyers and Sellers Read More »
Buyer’s remorse (the feeling of regret after making a huge purchase) is a common sentiment that a lot of people understand and sympathize with, given that the average person makes huge purchases more often than he/she gets to sell anything of substantial value. This is why the seller counterpart of this feeling is quite unheard
Getting Cold Feet? Here\’s How You Can Prevent Seller’s Remorse Read More »
Opportunities 1. Lower monthly payments The main and obvious advantage of an interest-only mortgage is its low monthly payments. This benefits buyers who are looking to buy a relatively expensive property, since an interest only loan allows you to buy a pricier house than you would be able to afford with a standard fixed-rate mortgage.
Opportunities And Risks Of An Interest-Only Mortgage: A Guide For Home Buyers Read More »
Owning a historic home certainly comes with its own set of benefits and challenges. You need to make sure that you are ready for the challenges and responsibilities—financially, emotionally and even physically. Beyond its unique and charming characteristics, it is also important to determine whether the home meets your lifestyle and certain life choices. Historic
In Love With Historic Homes? Here Are The Pros And Cons Of Buying One Read More »
What is escrow and how does it work? At some point in a real estate transaction, you will encounter the word “escrow.” If you’re the buyer and you make an offer on a home you like, you’ll provide an earnest money deposit in the form of a check that will be placed in this escrow.
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 move can be personal and contextual. What causes
12 Telltale Signs It’s Already Time For You to Move Read More »
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 Upwork and Freelancers Union,
7 Secrets To Getting A Mortgage Without A Full-Time Job Read More »
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. A lot of home buyers tend to make rookie mistakes that get their offers rejected in a seller’s market. If you want to be
How To Successfully Buy A Home In A Seller’s Market Read More »
Much like any business venture, listing your home for sale is all about finding the best possible timing. The best case scenario would be one in which the sale happens while the market is at its best, at the same time you are prepared to leave, and to buyers that are motivated to pay more.
How To Determine The Best Time To List Your Home For Sale Read More »
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