There can be so many reasons as to why homeowners aspire to have their home paid for. Some of those reasons can include no mortgage payments, financial security, debt reduction, to lower expenses, retirement planning, financial freedom, legacy planning, no risk of foreclosure and reduced stress. And, believe it or not, there are more. Every […]
I’m sure you’re aware, but your home is not just a place to live. Your home is a valuable asset that can serve as a financial resource when you need it most. There are many important advantages to homeownership, but one in particular is to build equity over time, which can be accessed in various […]
Moving can most certainly be quite a stressful process – which means you definitely don’t want to worry about being scammed by a moving company. Unfortunately, there are unscrupulous movers out there that will prey on people who are in the midst of moving. To protect yourself from being scammed, it’s important to be aware […]
Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up so much in the past two years, you may be approaching the limit where you might have to pay tax on the excess when you sell. Any improvements you have made to the home during […]
Purchasing a home, especially as a young person just entering the full-time workforce, might not seem like a wise decision. You’re just getting out on your own! However, it might be a very pivotal decision for your financial security and future retirement. Based on the shortage of rental units needed for the demand of the […]
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 […]
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 […]
Real estate isn’t the only profession where there are tools and techniques available to help with particular situations. Really, any profession has those tools and techniques. For real estate professionals, one of those is the backup offer. In situations where multiple offers may arise, the seller can accept any offer for whatever reasons are important […]
Last year, sellers weren’t necessarily willing to make any concessions. This year, due to the softening of the market because of inflation and higher mortgage rates affecting affordability for buyers, they are much more likely to do so. Let’s discuss concessions. They can take place in many forms. A seller could offer to pay the […]
