Without a 25-30% down payment, beginning on the road to rental investments can be quite a challenge. Hence, purchasing the property as an owner occupant can be a huge advantage! Let’s look at some examples together. The first example would be to buy a home to live in with a minimum FHA down payment of […]
Purchasing a home – the process can seem overwhelming. However, the long-term advantages of homeownership are a very smart investment which will secure your future where the benefits extend beyond simply having a place to live. One of the most significant advantages to owning a home is building equity. You can’t build equity while renting. […]
If you’re a homeowner, you’ve more than likely invested in a significant amount of time and money in regards to furnishing and decorating your home with items which are important to you. Unfortunately, unexpected events like natural disasters or burglaries can result in the loss or damage of these belongings. It’s because of those unexpected […]
Home improvements – just about any realtor will tell you that doing home improvements on your home will potentially increase the home’s value, and bring in buyers who are willing to make a higher offer. However, what they might not tell you is that you need to keep track of those home improvements. Keeping track […]
First – what is an appraisal gap? Quite simply, it’s the difference between “the fair market value determined by an appraiser and the amount you agreed to pay for the home.” It doesn’t mean that you have to cancel the sale, but it does mean some negotiations will probably be happening And, an appraisal gap […]
When a new home is being built, builders are normally required to warrant their work for a specified period. Municipal inspections are also generally required during different stages to “ensure the life, health, safety, and welfare of the public” but even if something is missed, the ultimate responsibility for building to code belongs to the […]
Want to go shopping? Have you ever thought about shopping for a lower mortgage rate? If not, you may want to consider it. If you decide to go shopping for a lower mortgage rate, one thing you do need to consider is that not all lenders share the same business practices. Some of them may […]
Selling your home involves many decisions – some easier than others. Sometimes, those decisions can cause an owner stress or procrastination. Early in the process, the owner will have that opportunity to decide whether to sell their home “as-is” which avoids the issues that tend to loom when selling a home. But, is “as-is” a […]
Closing costs – we’re pretty sure you’ve probably heard that term at one point or another. There are fees and expenses associated with mortgages that must be paid by the closing date for closing costs, and pre-paid items, in addition to the down payment. These amounts can vary according to the type of loan, mortgage […]
In the world of real estate, numbers are still fluctuation in all different directions. Sales in February 2023 were up 14.5% month over month and still down 22.6% year over year according to the NAR Housing Snapshot. The median sales price dipped 0.2% to $363,000 and there are 2.6 months supply of homes on the […]
