You may or may not be aware of the upcoming changes in real estate transactions. Those changes are imminent following the resolution of significant class action lawsuits involving sellers and the National Association of REALTORS® along with numerous leading real estate firms nationwide. These changes will have implications for sellers, buyers, and agents alike. There […]
The average sale price of homes has appreciated at a rate of 5.56% annually over the last 60 years, according to the Federal Reserve Economic Data. During that same period, rent has increased at a rate of 3.88% annually which presents quite the compelling argument in favor of homeownership. Once you sit down and study […]
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 […]
Credit life insurance is a specialized type of insurance designed to provide financial protection for borrowers and their families in the event of the borrower’s untimely death. This insurance is often associated with loans, including mortgages, and is specifically tied to the outstanding balance of the loan. In the case of a home purchase, credit […]
When selling your home, having a showing can be a very important step in attracting potential buyers. It opens your door, opens your home, and allows many potential buyers to get a true feel of what it would feel like if that home became their own. And, there are in fact different types of showings. […]
A real estate transaction often involves substantial financial investments and emotional considerations which can all lead to stress. To streamline this process, adopt these effective strategies that promote a smoother journey. You’ll want to begin by clearly outlining your primary motivations for either buying or selling a property. By eliminating distractions and maintaining a focused […]
Many can relate to Ken and Barbie. After all, this “couple” has been in several of our lives for generations, and will be in our lives for generations to come. Here’s a scenario – Ken & Barbie have been married 20 years and have owned their current home for over 10 years. They decided to […]
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 […]
A home is not just a place to live – it’s also a valuable asset which can contribute to long-term wealth accumulation. There are two key factors which play a very vital role increasing a homeowner’s wealth, and those are appreciation and amortization. The key is understanding how those two factors work, and how they […]
Those hoping to be first-time homebuyers can overcome the challenge of saving for a down payment by taking advantage of various sources of assistance. There are a variety down payment sources available to first-time homebuyers, from family gifts and retirement account withdrawals to tax refunds and down payment assistance programs, empowering them to achieve their […]
