A real estate agent’s job entails more than assisting clients with the nitty-gritty details of buying or selling a home. Good agents also tour as many homes as possible. Knowing the local inventory gives them an edge over the competition and provides great value for future buyers and sellers because those agents know… read more →
If you’re in the market for a new home, there’s a lot to consider: price, neighborhood, square footage, number of bedrooms and bathrooms, the size of the lot and the home’s condition, to name a few. But have you taken into account the local school district? Even if you don’t… read more →
Buying and selling property is a specialized market where industry professionals often speak a language not everyone outside the industry understands. You can pick up most of the terminology you need as you go, but establishing a solid foundation for your learning is important. If you can learn the top… read more →
Each decade has had its share of questionable home design, from the extensive wood paneling and Harvest Gold appliances of the 1970s to the next decade’s overuse of glass blocks, vertical blinds and country-style decor. Some of these serve as powerful buyer-repellant; others just ding the price, as people figure… read more →
For many couples, it makes sense to buy a home before tying the knot. It’s a decision more couples are now making. A recent survey found that 1 in 4 married couples between the ages of 18 and 34 purchased a first home together before marriage. The trend follows the increase in… read more →
For some home sellers, it’s been a long year without a home sale. That means some buyers, smelling the desperation, may be able to cut a better deal. Sellers who have had their homes on the market a long time are eager to move on. Other sellers will choose to let… read more →
Living alone? You trendsetter, you. The Census says 33 million of us live solo. That’s a quarter of American households, according to the National Association of Realtors. The popularization of the solo life — in 1970, one-person households comprised just 17% of all households — is a historic change in human… read more →
The competition for rental homes is heating up. That increase in demand is driving up rents in some markets. Consider these eye-opening statistics: 25% of renters spend more than half of their income on rent and utilities, according to a recent study. Another quarter of renters spend between 30% and… read more →
Homeowners insurance isn’t a topic that most people like to think about. For first-time homebuyers, the prospect of adding home insurance to the other long list of costs can seem daunting. Yet homeowners’ insurance isn’t just required for your mortgage, it’s an important part of a plan to keep you… read more →
A real estate owned (REO) home is one that is owned by a lending institution as a result of forfeiture or failure to make mortgage payments. REO homes are popular with investors and home buyers looking for a deal. When a homeowner defaults on a mortgage loan, the property ends up at… read more →