buying a home: Ways To Use Your Tax Refund If You Want To Buy a Home - 04/15/24 01:38 PM
Ways To Use Your Tax Refund If You Want To Buy a Home
Have you been saving up to buy a home this year? If so, you know there are a number of expenses involved – from your down payment to closing costs. But did you also know your tax refund can help you pay for some of these expenses? As Credit Karma explains:
“If one of your goals is to stop renting and buy a home, you’ll need to save up for closing costs and a down payment on the mortgage. A tax refund can give you a start on the road to homeownership. If you’ve … (1 comments)

buying a home: Buying a Home? 4 Demands to Make on Your Real Estate Agent - 12/17/16 11:51 AM
Buying a Home?  Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying.
A great agent is always worth more than the commission they charge, just like a great doctor or great accountant. You want to deal with one of the best agents in your marketplace. To do this, you must be able to distinguish an average agent from a great one.
Here are the top 4 demands to make of your real estate … (2 comments)

buying a home: How Historically Low Interest Rates Increase Your Purchasing Power - 10/26/16 07:14 AM
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a … (0 comments)

buying a home: Starting to Look for a Home? Know What You WANT vs. What You NEED - 10/26/16 07:00 AM
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.
If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale with rose-colored glasses.
Do you really need that farmhouse sink in the kitchen in order to be … (0 comments)

buying a home: Buying is Now 37.7% Cheaper Than Renting in the US - 10/26/16 06:47 AM

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!
Other interesting findings in the report include:

   -  Interest rates have remained low, and even though home prices have appreciated around the country, they haven't greatly outpaced rental appreciation.
  … (1 comments)

buying a home: Buying A Home: Old Homes versus New Homes - 03/20/12 09:14 AM
Buying A Home: Old Homes versus New Homes
So you've decided to buy a home versus renting. What's next? You are now in the phase of determining if a new construction home or a previously owned home would be the right choice. To help you settle this dilemma, here are some advantages and disadvantages of buying a new home versus a previously owned home.
Previously Owned Homes
   Advantages
Changes in zoning are unlikely to occur since older homes are built in established neighborhoods. Mature plants, trees and vegetation. Authentic master craftsmanship – Many older homes that are well constructed, have … (0 comments)

 
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