If you’re curious whether it’s the right time to buy that dream house, you may want to consider the local rents in the area.
There are plenty of advantages to renting, like no down payment, the flexibility to move, and lower monthly payments.
At the same time, buying a home means more space, tax deductions, and possible [...]
Home sales have been softer than analysts have predicted, and it’s really no surprise.
Prices aren’t really that attractive, even with all the home price declines; affordability is only historically high because mortgage rates are at record low levels.
That’s one reason I don’t see mortgage rates rising anytime soon; wouldn’t want to dampen affordability, especially if [...]
I follow the real estate market pretty intently, and I’ve actually considered purchasing some real estate myself, given the fact that bargains are beginning to emerge.
But at the same time, I don’t think there is any rush whatsoever to purchase a property. I don’t think you’ll miss anything if you wait.
Sure, home prices have [...]
Buying a home isn’t easy. There are a number of things that can and will go wrong, from the financing falling through, to the appraisal coming in low, to seeing your offer on that dream house get trumped by another buyer.
Adding to the difficult and sometimes competitive process is timing the transaction. Is [...]
Real Estate Q&A: “Who qualifies as a first time home buyer?”
With all the fuss about the first-time home buyer tax credit, you’re probably wondering if you’re eligible.
Well, the tax credit can only be used towards the purchase of a primary residence, meaning a home you actually intend to live in full time, no vacation homes [...]
There’s been a ton of talk about home price declines over the past couple years, but now a bit of optimism is starting to shine through, at least in select markets.
So, when will home prices rise, and why? SmartMoney.com wrote a post on signs to look for that should increase the value of your home.
It’s [...]
Home buying Q&A: “Can you purchase a home with no money down?”
It wasn’t long ago that you could purchase a home with nothing down, and even get assistance with the closing costs!
Back in 2006, 100% financing was the norm and you were a fool to put anything down; heck, there was even a mortgage lender [...]
Real estate Q&A: “Are foreclosures listed on MLS?”
Foreclosures are plentiful at the moment, and though interest has grown for such transactions, not everyone is looking to scoop one up.
Though they could turn out to be bargain, they’re more often riddled with delays and headache.
The good news is foreclosures are listed on the MLS, or Multiple [...]