4 Tips For Buying A Home From A Distance
Chances are, if you’re looking for a new home, you’re ready for a change of scenery. And while that might mean just a new property or a new neighborhood, for many potential homebuyers, that often means a new city. And if you’re considering buying property in a city other than the one where you currently reside, you probably have a lot of questions about the process. Will you have to fly to your new city every weekend to look at properties? Will you miss out on hot properties? Is it even possible to buy without physically being in your city?
Buying a home from a distance certainly presents its own set of unique challenges, but by no means is it impossible. Here are four tips for buying a home from a distance to make the process easier, faster, and less stressful for you and your family:
1. Gather information
When you’re buying property in an unfamiliar city, the first thing...
The Real Estate Market Is Looking Sunny For Buyers This Spring
The first thing that comes to mind when you think of spring is, of course, sunshine. And for buyers who are looking to purchase real estate this spring season, the forecast is looking pretty sunny.
According to a recent article in Realtor Magazine, while home prices across the country are up year over year, the outlook is improving—and homes are expected to become increasingly affordable as we move through spring. The reason for the improved affordability outlook? Falling mortgage rates, which has increased potential homeowners’ buying power and reduced the average monthly mortgage payment (according to the article, mortgage payments on an average-priced home in the US have dropped by $62 per month).
3 Common Fears Of First Time Home-Buyers… And How To Overcome Them
Buying your first home can be one of the most exciting experiences of your life. But it can also be one of the scariest.
Buying real estate is a complicated process. And if you’ve never purchased a home before, the fear of all those unknown variables can make the experience stressful, frustrating, and downright terrifying.
If you’re thinking about purchasing a home but are dealing with the fear that comes along with it, don’t worry! You’re not alone. Most first time home-buyers deal with a certain level of fear as they get ready to buy their first home.
But that fear doesn’t have to hold you back. Here are three of the most common fears of first time home-buyers (and how you can overcome them).
“I can’t afford to buy a home.”
The number one fear most first time home-buyers struggle with is the fear they can’t...
7 Budgeting Tips To Help You Buy Your First Home
So you’ve decided to purchase your first home. Congratulations! Purchasing a home is a huge decision, and it can be one of the most exciting and rewarding experiences of your life.
But purchasing a home requires capital, and if your savings account is looking a little trim, it means that you will have to do some budgeting in the upcoming year to make your dream of being a homeowner a reality.
Here are 7 budgeting tips to help you buy your first home:
1. Track Everything You Spend
You will not be able to make any major changes to your budget if you don’t have a firm understanding of how your money is being spent. Tracking everything you spend for a month will show you exactly how much you’re spending, where you’re spending it, how much of your budget is going towards necessities and how much of your budget is going towards luxuries.
You can keep track of all of your...
When Is The Best Time Of Year To Buy A Home?
One question that pops up constantly from both first-time and seasoned homeowners alike is “When is the best time of year to buy a home?” Potential homeowners want to know the best time of year to get the best home for the lowest price – and ideally, at a time that makes sense for their life.
It would be great if there were a simple and straightforward answer, like “the best time of year to purchase a home is between April 1 and April 7.” But unfortunately, it’s not that simple.
Let’s take a look at the factors that play into answering the question “when is the best time of year to buy a home?”
The first factor to consider when buying a home is convenience. This is particularly important if you have a family.
The Lifespan of 20 Essential Household Items
Has your air conditioner ever failed on a hot summer day? It’s a struggle no homeowner wants to deal with. When you own a home it’s important to budget annually for repairs that might be needed and anticipate when things might need to be replaced.
If you take care of your home, your appliances and fixtures should last longer. This means keeping them clean, performing regular maintenance and preventing unnecessary wear.
Even the most well-kept homes will need repairs at some point and it helps to know how long you should expect your items to last. We’ve put together a list of how long certain household fixtures and appliances should hold up.
Check out each of the rooms below, or ...
Millennials Will Continue To Drive Homeownership Growth In 2019
The millennial generation (which is defined as people between the ages of 19 and 35) is the largest in US history, and currently they’re also the largest in driving homeownership growth.
According to a recent report from financial services company First American, the millennial generation had a huge impact on the housing market in 2018. While millennials still have lower homeownership rates than Baby Boomers or Gen Xers, millennial homeownership rose 1.2 percentage points year over year in Q3 2018—which made households under the age of 35 a larger contributor to homeownership growth than any other generation. And as more millennials approach their thirties and start marrying and starting families, that trend will only grow (according to the report, aging millennials will purchase...
Rents Rise Year-Over-Year In Nearly 75% Of Cities In The US
Rising rents have been a problem in the US for quite some time. According to a recent Market Outlook Report from Realtor.com, in 2017 rents rose in a whopping 78% of markets across the US. And according to recent data, that trend continued in 2018.
According to a recent article from Apartment List, 72 of the 100 largest cities in the US have seen rents increase over the last 12 months, with summer showing significant hikes around the country (rental prices increased month-over-month in 85 cities in June, 62 cities in July, and 54 cities in August).
6 Reasons You Should Avoid Buying A For Sale By Owner (FSBO) Home
When you’re looking to buy a home, you may wonder, “Does it matter if the property is listed with a real estate agent or the owners who are trying to sell it themselves?” Um, yes. It matters. A lot. The truth is: When it comes to signing contracts, handing over escrow money, and digging into the home’s history, going it alone can end up costing homebuyers a bundle.
The following are 6 reasons to avoid a For Sale By Owner (FSBO) home.
1. Are you sure it’s legit?
Unfortunately, scams abound and the real estate industry isn’t immune. If you don’t have an agent looking out for your best interests, it’s easy to be duped. For example, would you know what a proper sales contract looks like if real estate is not your field of expertise?...