You’ve been searching the market for your dream house, and finally, you’ve found the one…but wait before you go out and say anything to the home seller or their real estate agent. You should be careful not to blurt out the following, in case you miss out on a good deal with the seller. Never ever blurt out the words: “This is my dream house,” or any variation of the…
Before we talk about the pros and cons of renting-to-own,” let’s clarify how a “rent-to-own” works. Renting-to-own is when a landlord agrees to lease out a property to a renter with an “Option Consideration” to purchase the property at a price that is specified in the leasing agreement after a number of years. To add the “Option Consideration”, the renter (potential homebuyer) has to buy a one-time non-refundable fee on…
Are you planning on selling your home and want to have a good outcome? Millennials are one of the leading groups in the home buying market at 26% according to marketwatch.com as of 03/09/2016 and 35% in 2015. Catering to tech savvy millennials with fun and interesting concepts that appease to their nostalgic interests is a great way to have a larger turnout at your open house. Today, the app…
Even if you can easily afford your mortgage every month, the idea of living debt free after paying off your home loan early can be pretty tempting. If you do decide to pay off your home loan early, you’ll save money from skipping out on the interest tacked on your mortgage payments. While saving money on interest rates is great, there are many benefits to steadily paying off your mortgage as well. Consider the…
Looking for a rental home can be exhausting and overwhelming. While there are plenty of rental properties that follow protocol and abide by the appropriate housing laws, there are also some that scam renters into sometimes dangerous situations. Keep the following in mind when looking for a home to rent, so that you can avoid any extra stress or threats to your financial standing. Prematurely giving out personal information. When…
If you’re getting ready to sell your home, it may be in your best interest to wait until the Spring months to put it on the market– specifically, mid-March to mid-May. What is it about the Springtime that makes buyers more willing to put down a competitive offer on a home? There are a few factors that contribute to why this sunny time of year is the perfect time to…
In the world of real estate, it’s not uncommon to confuse “prequalification” with “preapproval”. However, the two terms aren’t as interchangeable as some people make them out to be. It’s important to understand the difference between getting prequalified and getting preapproved, so that your home-buying or selling experience can be as stress-free as possible. What is Prequalification? Getting prequalified for a mortgage is one of the first steps in the…
What does a mortgage entail? A mortgage is a loan that a bank or mortgage lender provides for purchasing a house. When you obtain a mortgage, you use your home as collateral. If you fail to make payments, the bank or lender can foreclose on the house. Essentially, the borrower owns the home, but the lender holds ownership until the mortgage is fully paid off. Your monthly mortgage payments cover…
For many people, house flipping can prove to be a very lucrative business. The key to house flipping is knowing which properties are worth your time and money; so that you make the biggest profit when you sell the home. In order to make the most return on your house investment, keep the following tips in mind before you decide to flip a house. Location, location, location! Take a look around the neighborhood…
While preparing to sell your home can be an exciting process, it can also prove to weigh a bit heavy on the purse strings. To avoid getting blindsided by expenses, keep the following home selling tips in mind before you put your home on the market. House Repairs Before you put your house on the market, go through the property and take note of any small repairs that need to…
