What You Need to Know As you start to plan your new home, you’ll want to consider whether you’ll be working with a custom home builder or a production builder (also known as a high volume home builder). Knowing how many choices during construction, and how [...]
What You Need to Know The coronavirus pandemic drove mortgage interest rates to historic lows for most of 2020. That, coupled with changing housing needs, led to an unusually busy real estate market. Many buyers have flocked to the suburbs and outlying areas for more [...]
What You Need To Know Home equity is an asset, the part of your home that you actually own. You can use it to finance a college education, remodel, invest, or supplement your retirement. Subtract what you owe on your home from the market value — [...]
What You Need to Know Buying a fixer-upper is much like purchasing any other house, but you’ll need to do a little more planning to determine if it’s actually worth it. Take a close look at the changes you’ll need to make. Are they cosmetic changes [...]
What You Need to Know In real estate, there are three terms that indicate a home’s valuation: Appraised Value, Assessed Value, and Market Value. It’s easy to confuse them when considering buying a home, obtaining a mortgage and contemplating ongoing costs of ownership. Here’s what [...]
What You Need To Know Buying a home can be nerve-wracking, especially if you’re a first-time buyer. Start saving early and consider all of the costs associated with buying a home. In addition to the purchase price, factor into your budget the anticipated down payment, closing [...]
Key Terms Defined Whether you’re buying or selling a home, real estate jargon can be confusing. To better understand the process, here are some key terms that will make your move easier. What You Need to Know Adjustable [...]
What Will I Pay? Closing costs are funds, in addition to a loan down payment, paid at settlement. These costs typically total 3% to 7% of the home's purchase price. Cash transactions may have fewer costs than financed purchases. There are a number of small [...]
What You Need to Know “Being in escrow” is a legal procedure used when real property requires a transfer of title. An impartial third party, usually the title company, acts as a stakeholder and facilitator for both you and the seller to handle the property transaction, [...]
Consider All of Your Options Once you’ve found the property in which you want to invest, it’s time to examine the different real estate financing options. Consider loans that are offered by the government, traditional lenders, as well as ways to leverage personal equity. [...]