With reports of bidding wars, low inventory, rising home prices and higher interest rates, buyers are struggling to find their ideal home, especially first time buyers. For buyers who have some money saved up and aren’t looking for historic homes or established neighborhoods, this could be the prime time to build a house instead of buy an existing one.
Typically homeowners think about mortgage payments in terms of a monthly bill. But, there is a different payment plan that can save you a bundle of money over time. Known as the bi-weekly mortgage payment plan, homeowners pay a mortgage installment every two weeks instead of monthly.
Thinking about buying an older home? There are a few things to know before you start shopping. Essentially, you need to understand both the positives and negatives involved in this kind of a purchase.
If you are looking to buy a home, time is precious. Fitting in the time to shop for a home, negotiate on price, complete the financial paperwork, schedule home inspections, pack for the move, and attend the closing require knowledge of what to expect and some time management.
As a potential home buyer you probably have an idea in your head of what you are looking for in a home. But, there are other things to look for when you go to view potential properties. Here are 10 things every buyer should ask themselves before they place an offer on a specific home.
Everyone is quick to tell you what you must do when shopping for that new home. But here are a few things you shouldn’t do.
Knowing what you shouldn’t do is almost as important as knowing what you should. Remember these pointers, and work with a real estate agent that understands exactly what your needs are in a new home.
Did you buy a home last year? You may be just settling into your new home and unpacking that last box, but there is more work to be done – learning which expenses you can claim as tax deductions as a new homeowner. This is an area where it pays to buy a home rather than rent! This is probably a year where having a tax advisor or accountant to help you file is a wise investment because they can ensure you get the most out of these new deductions that you are entitled to. But, it pays to understand the basics before you head to see your tax professional. The following is a list of terms regarding homebuyer deductions, and what they mean.
Browsing real estate and think you know what you want in that first home? With the popularity of Pinterest, it is easy to dream and plan for that big purchase. But a wise buyer also realizes that there is a difference between needs and wants when it comes to a starter home, and sometimes compromises must be made.
“Hindsight is 20/20” is a saying that some homebuyers may strongly agree with, especially after moving into their new home and discovering a few unexpected surprises. From noisy neighbors to restrictions on future renovations, it pays to know the details before you buy.
Limited inventory and rising home prices have some potential buyers considering a viable solution they may have ignored when they first began searching – buying a fixer-upper. Some of these homes simply need a little fixing, which is a great option, and others may need a lot of repair, which is riskier.
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