Many Americans struggle with finances, but that doesn’t have to be the case. Here you’ll find helpful insights to learn more about personal finance to help support you and your family.
You’re ready to sell your house. That’s great! Part of the due diligence you must do is research real estate market trends. The housing market is in flux. Home prices are coming down from historic highs during the pandemic, affecting home sales. The Fed’s policy of increasing Interest rates is affecting homebuyers. Higher mortgage rates …
2023-2024 House Market Trends: Forecasts and Prospects Read More »
Scams involving real estate transactions are more common than you think. When you’re trying to sell your home, there’s often a sense of pressure that comes with it. The urge to rush into things when you find an ideal buyer may be strong in an increasingly competitive real estate market. Sadly, scam artists are notorious …
Hate dealing with tenants and toilets? Being a landlord is challenging, and the chaos of owning a rental property may give you the blues. Being worn down is a sure sign of being a tired landlord. Your tireless effort to foster excellent landlord-tenant relations, stay organized, and follow good business practices leaves you drained after …
It feels strange to sell your house and still live in it. You may wonder how I sell my house and stay in it? Though this idea might initially sound peculiar, homeowners who want to tap into their home equity without leaving increasingly embrace this concept. When you’re looking to sell your home and still …
When you need to catch up on your mortgage payments, it’s stressful and overwhelming. Fortunately, options are available to help you catch up on payments and avoid losing your house through the foreclosure process. Work with your loan servicer to discuss available options including: loan modification, forbearance, or repayment plans. If these options are not …
Selling a house with a mortgage is a common occurrence for homeowners. A typical mortgage has a 15- or 30-year term, contrasting with the average time people live in their homes. According to a data report from the National Association of Realtors, homeowners live in their homes for ten years before selling. If you’re like …
When selling a home, your primary concern may be the upfront costs of repairs, renovations, and improvements necessary to make it attractive to potential buyers. However, remember the less apparent expenses of real estate transactions. Before finalizing the agreement, you’ll need to factor in closing costs. Regarding closing costs, both homebuyers and sellers are responsible …
Here’s Who Pays Closing Cost When Selling a House Read More »
The state you live in determines if property tax is rising. Every state in the U.S. has laws determining how states and municipalities collect property tax. That means that any given state’s property tax rate may differ from your state’s rate. As a result, giving a definitive answer to taxpayers is difficult, but here’s an …
Is Property Tax Rising in the US? Here’s What You Need to Know Read More »
As a homeowner, you want to know the value of your home. A home appraisal is a professional opinion of a home’s value and may be required when selling your real estate. A residential appraisal is typically required in a home sale that requires a mortgage lender and home loan. When determining its market value, …
Selling your home can be a tricky process, especially when it comes to lender-required repairs. But please don’t worry. If you’re prepared and know about the necessary steps, you’ll find that navigating through this situation is more manageable than you expected. As an informed homeowner, having insight into what lender-required repairs entail will make all …
The last couple of years has been challenging for many people, which may have caused you to miss mortgage payments. You may have received notice from your lender informing you that they plan to start foreclosure proceedings. If you aren’t proactive, you risk losing your home. No longer having a home can be an emotional …
Selling a House in Foreclosure: The Complete Guide Read More »
You’ve landed a new job; congratulations! Now you have to sell your house and relocate. That’s a big task for home sellers. After all, your home is usually the most valuable asset you own. Getting the sale right is incredibly important because the money helps you with a down payment on your new home in …
Receiving a house as an inheritance can be overwhelming. It may bring back painful memories, or you could love the property but lack funds to cover the mortgage debt. If multiple people, such as siblings, inherit it, then selling and dividing up the proceeds is necessary. No matter what situation has arisen from your newfound …
Selling your parents’ house before they pass away is a challenging and emotional experience for all family members. However, if you plan and execute the process carefully, it’ll be less taxing for everyone involved. Selling a house is complicated, and is even more difficult when dealing with the emotions surrounding the death of a loved …
As a homeowner, you may have experienced your property value soar in recent years and are now enticed to sell for a substantial profit. However, if you’re planning on buying your next home shortly after selling your current home, the price of real estate these days could quickly take up all that money made from …
Uncovering code violations during a home inspection can be startling, yet should not cause alarm. Although it may appear problematic at first glance, selling a house with code violations is still achievable. Such revelations are more common than one might assume. Home renovations undertaken by inexperienced DIY-ers typically result in code violations. Don’t fret if …
Tips and Tricks for Selling a House with Code Violations Read More »
The title is one of the key documents you need when selling your house. Title problems you encounter at closing can be a significant obstacle when attempting to buy or sell the property. Unpaid debts, divorce settlements, boundary disputes, missing heirs, foreclosure, probate, family members, and even an oversight in the records can make determining …
When you choose to sell your home, it’s only sensible to desire the highest return for your investment at closing. When you decide to list your home as a “For Sale By Owner” (referred to as FSBO), it takes dedication and hard work for the sale process to be successful. By choosing FSBO, you can …
What are the Benefits of Selling Your House By Yourself? Read More »
The real estate industry involves two crucial real estate professionals: listing and selling agents. These professionals have distinct responsibilities but aim to work together to ensure a home sells. A listing agent (seller’s agent)is responsible for helping sellers list their properties for sale. On the other hand, a selling agent – also known as a …
What’s The Difference Between a Listing Agent and a Selling Agent Read More »
Your home is the most significant financial asset for you and your spouse. You’ll both have an emotional attachment too. The problem is that emotions make it hard to decide who leaves the house in a divorce. The answer relies solely on your circumstances. Divorcing couples willing to compromise can amicably agree on who leaves …
