When it comes to selling a home, it is a common belief that once the offer is accepted, there is nothing else to be negotiated. However, issues and obstacles that can arise during the home inspection can be a cause for discussion with the seller. Here are some tips in the event that the home inspection isn’t up to par.
Looking to Close Faster? Follow This Easy Guide to Speeding Up the Mortgage Process
If you’re buying a home, you’ll want to try to get your mortgage processed as quickly as possible. Improperly filed mortgage applications are one of the biggest reasons why home sales get delayed, and if you have a hard move-out date already set, it’s critical that your mortgage process goes smoothly.
What’s Ahead For Mortgage Rates This Week – November 2, 2015
A number of economic reports released last week indicate mixed economic progress. The 20-City Home Price Index showed that August home prices rose, but New Home Sales dropped in September. The Federal Open Market Committee of the Federal Reserve indicated that it may reserve the target federal funds range at its next meeting in December.
The Top 5 Home Features That Buyers Are Hunting For This Fall
Whether you’re getting prepared to buy a new home or just curious about upcoming trends in housing, there are a bevy of features gaining momentum on the real estate market. From top to bottom and room to room, here are five popular features that home buyers will be sure to notice this fall.
Buying in a New Community: How to Meet and Make Friends with Your New Neighbors
One of the stresses of moving to a new area is giving up the familiarity that you have with your old neighbors and starting from scratch. Whether you’ve just moved to a different locale or you’re planning to relocate in the near future, there are some easy ways that you can make a home of your new neighborhood right from the start.
Case-Shiller: August Home Prices Accelerate
According to the Case-Shiller 20-City Home Price Index, U.S. home prices increased by 0.40 percent in August, which boosted year-over-year home price growth to 5.10 percent. Denver, Colorado continued to lead in home price gains with a monthly increase of 0.90 percent and a year-over-year gain of 10.70 percent. San Francisco, California also posted a year-over-year gain of 10.70 percent, but posted a month-to-month loss of -0.10 percent. Portland, Oregon posted a year-over-year gain of 9.40 percent with a month-to-month gain of 1.10 percent.
Mortgages 101: How to Calculate How Much You Will Need for Your Down Payment
If you’re planning to buy a home in the near future, you’re probably already in the process of saving up for a down payment. But if you haven’t seen a mortgage advisor or started looking at properties yet, you probably don’t have a good idea of what a down payment will cost you.
What’s Ahead For Mortgage Rates This Week – October 26, 2015
Last week’s economic news included the National Association of Home Builders Index, Housing Starts and FHFA’s report on August home sales. The National Association of Realtors released its monthly report on sales of previously owned homes.
Sales of Pre-Owned Homes Hit Second Highest Level in 8 Years
Housing markets show continued strength as the National Association of Realtors reported that sales of existing homes reached their second highest level since February 2007. Sales of pre-owned homes increased by 4.70 percent and reached 5.55 million sales on a seasonally adjusted annual basis against analyst expectations of 5.34 million sales and Augustâs reading of 5.30 million sales of previously owned homes.
Understanding the Reverse Mortgage and How to Best Use This Unique Financial Tool
If you’ve studied the real estate market recently, you’ve probably heard about the reverse mortgage. This unique tool is a financial arrangement designed for senior citizens who have limited incomes and want to use the equity in their homes to meet their everyday expenses. And although it’s becoming increasingly popular, few homeowners truly understand it.
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