You want to sell your house, but you are facing one potentially vexing problem: the mountain of repairs you never got around to in your home. Fortunately for you, some buyers are more than willing to part with their money to buy your home as-is. An as-is clause makes a buyer responsible for all home
Real Estate
Owning a home is a significant goal for many Americans. The New York Times reported this year that nearly three-quarters of Americans consider homeownership a high measure of achievement – a higher percentage than graduating from college, building a career or raising a family. The survey also noted that renters often cite affordability and other
When it comes to down payments – size can matter. The size of your down payment can impact many aspects of your home buying journey: the loans you’re eligible for, your interest rate, your monthly mortgage payments, your closing costs and how much you’ll need to pay upfront at closing. But does the size of
An absentee homeowner is a person or entity that owns a property but does not live in it. Absentee homeowners may use their property as a short-term rental or something else entirely. If you’re an absentee homeowner, it’s not because of how you use the property. It’s because you don’t live in it or actively
If you want to sell your home, costs associated with closing will probably end up being roughly 10% of the home’s sale price. Between real estate agent commissions, attorney fees, transfer tax and escrow fees, home sellers have to pay up before they get paid. Homebuyers also have to fork over thousands of dollars in
Most people who buy a house expect the seller to leave behind the oven and refrigerator, but sometimes, a seller can pass along much more than an appliance. If you’re thinking about purchasing a home with tenants, you may be looking at a turnkey investment opportunity. But there are other things you need to take
Are you thinking about selling your home to a cash buyer? If you’re deciding between an all-cash offer and a financed offer, are you wondering whether it makes a difference anyway? Either way you choose, you’ll still get paid, but selling your house for cash has unique rewards and risks. Some owners want to sell
Buying your first home is an exciting milestone, but it can be intimidating. There are so many decisions to make. You have to decide where you want to live, how much you want to spend and what type of home you want (think: a condo or single-family home). But here’s a question you may not
Building a home can be a lengthy, expensive and risky process. And if something were to go wrong during the construction process, the developer might be on the hook for quite a bit of money. Anyone interested in building a home wants to protect their initial investment. One of the best ways to keep these
When you’re ready to buy a home, there are many questions you’ll need to answer. One of them is how you’ll pay for your upcoming purchase. For most aspiring home buyers, there are two popular ways to buy a home: with a mortgage or cash. Homes are expensive, and most of us can’t afford to
Many home buyers close on a new home purchase later in the month to save on the interest and reduce their upfront closing costs. While this strategy allows you to pay less in interest at your closing, it might come at the cost of some other perks. We can help you choose the best closing
Real estate and stocks are two of the most popular investment options. Both can be profitable, but each has its own risks and rewards. So which is the better investment? Well, it depends on a variety of factors, including how much you have to invest, your risk tolerance and your overall investment goals. To help
When most people think of buying a house, they picture browsing real estate listings online and touring a seller’s home with a real estate agent. However, there is another option: purchasing a home through an auction. Real estate auctions are becoming more popular due in part to the current housing market. They may seem intimidating,
Owning a home comes with risks, which is exactly why we buy homeowners insurance. But standard homeowners insurance policies don’t cover flood damage. So what happens if you want to buy a home in a flood zone? A flood zone is an area with an increased risk of flooding. Keep reading to learn more about
Hurricane season in the U.S. typically runs from June through November, often peaking in September. Every year, meteorologists at the U.S. National Oceanic and Atmospheric Administration (NOAA) forecast the anticipated number of hurricanes and tropical storms for the upcoming season. The current prediction for 2022 is 13 storms with 3 major events.[1] Luckily, most hurricanes
Life is all about weighing your options and making choices, especially when it comes to how to spend your hard-earned money. The cost of renting a home increased by 12.3% from July 2021 to July 2022. And the median price to rent a one-bedroom apartment in the U.S. now stands at $1,450.[1] [2] Renting can
More and more couples are buying homes together before marriage. And a few interesting stats can help explain the growing trend. Over the past 20 years, the number of unmarried couples living together has skyrocketed from 6 million to 17 million – which is about 7% of the adult population.[1] Married couples make up fewer
Imagine a perfectly sized home — a place that’s both cozy and chic, minimalist yet welcoming. A place that fits your needs perfectly, without any wasted space. That’s the dream of many home buyers considering a switch to tiny living The tiny house movement is becoming increasingly popular as more and more people recognize the
Selling a home can be complex, and getting to the closing table isn’t always easy. Sometimes, a home sale closes without a hitch. But other times, there can be a whole host of unpleasant surprises. As a homeowner, there are things you can do, before listing your home for sale, to help pave the way
You’ve finally found your dream home and are getting ready to close in a couple of weeks. You’ve done your research on homeowners insurance, called the insurance company and received a preliminary quote. But before they’re willing to issue the policy, they’re requiring you to submit a 4-point inspection. A 4-point inspection is used to
Giving someone the gift of real estate can be a great way to show your love and keep a house in the family. But gifting property can have certain tax implications, like the federal gift tax. If your parents, grandparents or anyone else wants to give you a house as a gift, they’re entitled to
Home buyers today are navigating one of the most competitive real estate markets in history. With home values rising over 17% year over year,[1] home buyers have learned they need to come in with their best offer if they want a chance at winning a home. Unfortunately, it’s not as simple as making an offer
Just like laws vary by country and state, certain houses can be subject to specific rules that owners must abide by. Broadly speaking, a deed restriction is a limitation on what you can do with your property. Some common examples of deed restrictions include prohibiting the use of your home for conducting business activities or
There’s something special about buying something custom-made for you and a home is no exception. A new construction house gives you the freedom to design your own home to your particular specifications. Just don’t forget that new construction homes come at a premium and that you’ll have to endure a lot of planning and waiting.
One of the most important components of the home buying or selling process is getting the home appraised. In fact, many lenders will require an appraisal before a deal can be closed. With an appraisal, an unbiased third party will have the opportunity to take a close look at the home and determine a fair
If you’re shopping for a home, you may already know the differences between single-family homes, townhouses, condominiums and maybe even cooperatives. But you may have paused when you encountered a different kind of real estate known as a planned unit development (PUD). In this article, we’ll explain what a PUD is and its purpose. We’ll
There are many possible paths to becoming a homeowner. In some cases, especially if you’re a first-time home buyer, you might consider a “rent to own” program, often referred to as a lease purchase agreement. Depending on your current financial and personal situation, a lease purchase agreement might help you eventually buy a home that
Did you know that termites don’t sleep? Or that a bedbug infestation can linger even after all your belongings are removed from the home? When you’re in the throes of buying a home, the last things you want to think about are the creepy crawlies that could be just out of sight. Many home buyers
Getting divorced can be a challenging process. Even when the split with your spouse is completely amicable, divorce represents a new chapter in your life that – from a financial, social and emotional perspective – can be difficult to prepare for. One of the hardest questions to answer following a divorce is, “Who gets to
Buying a home is challenging for anyone. For home buyers of color, there are often additional hurdles. These challenges can be based on both historic and current discriminatory practices in the real estate industry and less access to the financial and educational resources that minority and first-time home buyers may need to become homeowners. A
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