Real estate investments can add diversification to your portfolio, and getting into the market is easier than you might think. If you’ve ever had a landlord, you probably don’t dream of being one: Fielding calls about oversize bugs and overflowing toilets doesn’t seem like the most glamorous job. But done right, real estate investing can … Read More “How to Invest in Real Estate: 5 Ways to Get Started” »
Category: Real Estate News & Tips
During preparations for her nightly baths, Laura Starrett noticed the water pressure wasn’t as strong as it once was. She had also received an alert from her utility company that she had used more water that month than she had before. “Then I realized I’d left my sprinklers on and they were running every day, … Read More “Ignoring These 8 Home Repairs Could End Up Costing You a Lot More” »
How much income do you need to buy a house? Home buyers need to meet certain standards to get a mortgage. There are minimum credit scores, employment requirements, and more. But many first-time home buyers don’t realize that there’s actually no minimum income required to buy a house. Instead, you must earn enough to qualify for the requested loan … Read More “Mortgage income requirements for 2023” »
If you are serious about selling your home now, don’t get greedy with the asking price. This is still a seller’s home market as there simply aren’t enough affordable homes for sale in many parts of the country. But with average 30-year mortgage rates above 6%, buyers are much more price-sensitive than they were a year ago. Agents … Read More “Is Now a Good Time to Sell Your Home?” »
Hooray! You’ve found a buyer for your home. You’re done, right? Not quite. All you have to do now is get yourself—and your house—ready to close, and we’re here to help. Let’s dive in! Earnest money When the buyer makes an offer on your house and you accept, the buyer will write you a check for a … Read More “You’ve Got a Buyer! What Next?” »
Maintaining safety at home is something that cannot be accomplished by a single person but needs participation from everyone. There are various aspects that need to be looked into to ensure that the home is a safe place for all the members. Safety features like smoke alarms, lockable cupboards for firearm safety, and keeping hazards … Read More “Must-Have Safety Rules at Home For Your Family” »
Don’t be tempted to skip steps—it could cost you! A real estate deal is generally a long and stressful exercise that involves many steps and procedural formalities. Closing on a house occurs when you sign the papers that make the house yours, but before that fateful day arrives, a long list of things has to happen. This … Read More “12 Steps of a Real Estate Closing” »
The better the deal you get on your mortgage, the less money you’ll spend in the course of repaying that loan. Here, we’ll talk about how to shop for a mortgage so you can walk away with the best deal possible. How do you shop around for a mortgage? Shopping for a mortgage may seem complex, but … Read More “How to Shop for a Mortgage” »
Don’t overprice or you’ll scare away prospective buyers. To set the right price on a home, you should combine an objective evaluation of your property with a realistic assessment of market conditions. In good markets and bad, you are more likely to benefit by determining a fair value and sticking close to it than you … Read More “Selling Your Home? Set the Right Price” »
Applying for preapproval for a mortgage is a straightforward process that requires some paperwork and, in many cases, just a few days for the lender to verify your personal and financial information. Each lender’s process is different, but they’ll generally review your credit history, income, assets and debts before deciding to grant a preapproval and, … Read More “How to get preapproved for a mortgage” »