buying a home: Renting VS Buying - A Cost Analysis
- 11/17/19 06:38 AM
Some Highlights: Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear. Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year. by Keeping Current Matters
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buying a home: The positive effects of pets
- 10/05/17 06:31 AM
Did you know that having a pet around can actually be beneficial to your physical and mental health? Here are a few ways in which your furry friend is improving your life.
Companionship - The most obvious benefit to owning a pet is the consistent companionship they provide. Pets help reduce loneliness. In fact, the social support provided by therapy animals eases the symptoms of a variety of mental issues.
Reducing stress - Studies have shown that interacting with a friendly animal can lower the amount of stress-related hormones in your blood stream, thus causing you to relax. Pets have also been credited with reducing … (5 comments)
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buying a home: 5 Last-minute Halloween costumes
- 10/05/17 05:58 AM
You've just been invited to a Halloween party. The problem is, it's tonight. What are you going to wear? Here are five costumes anyone can throw together just in time for the party:
Pop culture reference
Sport your best black suit and skinny black tie and voila! You are Don Draper from Mad Men. Black glasses, a yellow hair clip, a light-blue t-shirt and blue skirt make you Tina Belcher from Bob's Burgers. Any good sitcom reference is sure to make party-goers giggle.
Tried and true classic
Glasses, suspenders, a few pens in your pocket, and a dorky attitude make you the classic nerd. A red bandana, … (2 comments)
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buying a home: 5 Things You Need To Know Before Buying A Home
- 07/13/15 03:35 AM
An Important Guide To Your Home Buying Adventure...
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buying a home: How Zillow Is Overestimating the Value of Your Home
- 03/22/15 09:11 PM
Buying a home is arguably the largest investment you can make. You purchase your house, probably put work into it to make it fit your style, and hopefully add improvements along the way that will increase its value. So when it’s time to sell the house, you want to make sure you’re getting the best price for it. That often includes working with a real estate agent in your area, but it can also mean researching online ahead of time to get a good idea of a fair market price.
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But the problem is that, sometimes, those … (2 comments)
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buying a home: The 3 Most Important Things to Remember When Buying a Home
- 12/07/14 08:48 PM
If you are in the market for a home, especially your first one, the process can seem a bit overwhelming. Fortunately, the Fool is here to help. We asked three of our analysts what prospective homebuyers need to keep in mind, and here is what they had to say.
One very important thing to do when you buy a house is to shop for a mortgage. This sounds easy enough, but you'd be surprised how many people think all banks offer the same rates, or that shopping around for a mortgage will be devastating to their credit score. … (0 comments)
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buying a home: Buying a Home Remains 38% Less Expensive than Renting!
- 11/07/14 12:18 AM
In Trulia’s latest Rent vs. Buy Report, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.
The updated numbers actually show that the range is from an average of 17% in Honolulu, all the way to 63% in Detroit, and 38% Nationwide! This is up from an average of only 5% cheaper in Honolulu in April.
The other interesting findings in the report include:
Rents have continued to increase nationally even as home price increases are starting to slow. Current low mortgage rates have kept homeownership … (1 comments)
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buying a home: Reason 11 - Why You Should Own a Home
- 07/12/14 11:19 PM
Have you been told by your landlord "No Pets Allowed!"? Owning a home gives you much more freedom of having pets. Whether it be cats, dogs, fish or any other type of pet studies show the following benefits from pet companionship:
§ Pet owners are less likely to suffer from depression than those without pets.
§ People with pets have lower blood pressure in stressful situations than those without pets.
§ Playing with a pet can elevate levels of serotonin and dopamine, which calm and relax.
§ Pet owners have lower triglyceride and cholesterol levels (indicators of heart disease) than … (0 comments)
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buying a home: Timing Options for Buying and Selling
- 06/01/14 10:22 PM
You have options when it comes to timing the sale and purchase of a home. The most common source of confusion is what people should do first - sell their current home or buy a new one. If you do some homework first, you'll probably get a good idea of what you are most comfortable with.
Contact me and we'll determine what price you are likely to get for your house. Meet with mortgage lenders and find out what size loan you will qualify for and decide how much you can afford. Look for homes that meet your needs and your … (0 comments)
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buying a home: Zillow: Buying a Home Beats Renting After 2 Years
- 05/04/14 11:12 PM
Zillow's break-even horizon analysis came to an interesting conclusion: in half of U.S. metros, buying a home is a better financial decision than renting for buyers intending to stay in their home at least two years. The company’s analysis includes all costs associated with buying versus renting, including upfront payments, closing costs, anticipated monthly rent and mortgage payments, taxes, utilities, maintenance, and renovation costs.
The group also takes into account different asset streams associated with different housing situations. For example, a buyer's home equity is factored into the final figure, while a renter's ability to invest some of the money they would have … (1 comments)
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buying a home: Buying a new home? An experienced real estate agent is essential.
- 12/08/13 09:52 PM
When you buy an existing house, what you see is what you get for the asking price. When you buy an as-yet-unbuilt house, what you see in the builder’s furnished model is not what you get for the advertised base price.
That’s because a furnished model is filled with beguiling features that enhance the basic house. The to-die-for kitchen, the four-foot extension that makes the family room feel so spacious, the classy Brazilian cherry hardwood floors, and the bay windows that give character to the front rooms and look swell from the street are all optional upgrades. When their cost is added … (1 comments)
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buying a home: Reasons you should buy a new home before selling your current home
- 10/15/13 09:17 PM
If you have the cash on hand for a down payment and have the means to pay for two mortgages while selling your existing property, buying first offers several advantages.
No pressure to find your dream home
If you’re under a deadline to move out of your existing home because the new owners are moving in, you’re likely to compromise on what you’re looking for in a new home. Buying first offers you the opportunity to look for a new home without any pressure to purchase. You’re more likely to hold out for your dream home, rather than settling for one … (0 comments)
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buying a home: After Foreclosure, 3 Steps to Getting Back on the Road to Buying
- 03/17/13 08:43 PM
Finding your dream home is truly a special and momentous occasion, but sometimes the honeymoon doesn't last. Just as money is the root of many divorces, it is also the root of many foreclosures. But once the long and tedious process is finalized, how do you get back in the game and find a new match?
Waiting and Reflecting.
While it can take as long as seven years (three years under extenuating circumstances and FHA loans, and 2 years for VA loans) to buy again after foreclosure, at least you'll be prepared and know 110 … (1 comments)
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buying a home: RealtyPin.com's Best Home Buying Tips of 2013
- 03/14/13 09:54 PM
We're a couple months into the New Year, which means that the real estate experts at Realtypin.com have had some time to examine the housing trends. So, if you're planning on buying a home during the traditionally-busy spring home buying season, what will make things easier for you?
1. Buy with the intention of sticking around
A home is more than just a place to live; it's also an investment. Home values are slowly starting to go back up, but you're really not going to see much from your investment if you buy now and go to sell in the next … (0 comments)
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buying a home: Navigating the Home Buying Process in a Competitive Market
- 03/12/13 09:37 AM
Whether you are buying a home for the first time or the tenth time, you probably have a long list of “must haves” and “wants” for your dream home. With recent real estate forecasts announcing a housing market recovery in 2013, many pockets and niches throughout the nation are already experiencing a competitive market with low inventory of homes and bidding wars. Finding a home that has everything on your checklist can be a challenge, particularly if you are searching in a competitive market. There are, however, some tips that can help you navigate the home buying … (0 comments)
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buying a home: The First Thing to Do Before Buying a Home
- 03/12/13 09:29 AM
Home prices in most parts of the country are just about as affordable as they are likely to get, and mortgage rates remain super low. Together, those factors mean that many people are thinking about buying a home. Some will be first-time homebuyers, while others will be “boomerang” buyers who lost their homes in the housing meltdown but are now hoping to get back in. Still others may see this as the best time to upgrade to a larger home, downsize to a smaller one, or to move to the retirement locale of their dreams.
Whatever your motivation for buying … (0 comments)
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buying a home: What To Do Before You Begin Your Home Search
- 03/08/13 08:37 AM
Buying a home is one of the most important transactions you will ever make. And in today’s competitive home-buying environment, you need to be ready to act immediately once you find that perfect home. That’s why it’s crucial to be prepared and organized, even before you begin your search. This will not only help you find the home of your dreams; it will also make the house hunting process much easier and more enjoyable. Here are some things to keep in mind before you start looking for houses.
What are the ‘must haves’ on your home wish list? © Szasz-Fabian … (1 comments)
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buying a home: Buying a Home? Finally, Times Are Good!
- 12/22/11 03:58 AM
Everyone knows that the housing market has been a little daunting for the last several years. Ups and downs, talk of good news and bad news, and a confusing amount of information about rising and falling mortgage rates has rendered the market all but inaccessible for a lot of prospective buyers.
Good news! Times are changing.
Whether you want to buy a home as your long-term residence or as an income property, things are looking up. Remarkably low mortgage rates are making houses more affordable than they have been in decades. Of course, lately, one of the greatest … (0 comments)
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buying a home: To Buy or Rent – Now’s the Time to Follow the American Dream
- 04/25/11 12:02 AM
With home prices dropping, minimal interest rates and the cost of rental properties on the rise, now may be the time for renters to seriously consider buying a house, according to HouseSavvy, a premier real estate and relocation organization headquartered in Massachusetts.
When the housing bubble burst in 2006, the cost of buying a house was considerably higher than renting that same house in most areas. Today, the opposite is true in many states, particularly those hit hardest in the housing crash—namely Arizona, California, Florida and Nevada and right behind them, Illinois, New York and New Jersey.
Rental cost has remained … (2 comments)
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buying a home: Advice For Rookie Home Buyers
- 11/13/10 11:18 PM
The decision to buy your first home is a big one and probably the biggest investment you will ever make. The mental stress of reading through high-falluting legal papers and analyzing your finances could drain even the most energetic young first-time buyer. Knowing the basics about buying a home can help settle your fears and let you get on with the process of finding your dream home.
Your first step should be to find about a mortgage. You need to investigate different types of mortgages some have pre-payment penalties that should be avoided, and look for good ARM’s too.
Click Here … (0 comments)
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