Real estate investing can be a great option for diversifying your portfolio, making a little income during retirement or even starting a new career. Do you have what it takes? Find out in our beginner’s guide to real estate investing. Over the past fifty years or so, real estate prices have skyrocketed. Even accounting for inflation and recessions, homes are …
There Goes the Neighborhood: Watch Out for These 7 Red Flags When Buying a Home
Finally, you’ve done it: You’ve scoured the market for available homes—and then some—and found one you can’t stop thinking about. It’s time to make an offer! But before you put your money on the line, take a peek around the neighborhood. We won’t use a certain cliché, but there is a reason the pros emphasize location when buying real estate. …
Mortgage Rates Continue to Fall in Holiday Gift for Home Buyers, Sellers
Home buyers and sellers are in for even more holiday cheer this season as mortgage interest rates continued to fall. That makes it more affordable for folks to purchase properties as their monthly mortgage payments will be a little lower. Plus, it may lead to more buyers in the market eager to snap up properties before rates go back. That’s …
Interest Rates Rising Ahead of 2017: What Home Buyers and Owners Need To Know
On December 14, 2016, the Fed raised a key overnight bank-to-bank lending rate by .25 percent. Even though this is a short-term rate, it also impacts longer-term home loan rates. Rates on 30-year fixed mortgages rose about .5 percent between the election and this Fed meeting — causing monthly payments on a $300,000 loan to rise $85 per month and …
General Closing Timetable of an Accepted Home Offer
You have successfully completed the pre-approval process to purchase the perfect home, and after tirelessly searching for the dream home, you finally found it! With the help of your trusty real estate agent, you make an offer that is accepted. However, there is still more to be done. Read through this closing timetable of an accepted home offer so that …
Avoid Buyers Remorse
The process to buy a home can be anything but short and sweet. It seems like there is an opportunity at every turn for something to go wrong with the volumes of paperwork to sign and documentation to review. When you get worn down, it can get confusing to figure out which steps are necessary to take and which ones …