There are four key times during new construction when homebuyers should schedule a home inspection to protect their investment. Building a new home does not guarantee that everything will be perfect the first time, and with so much at stake it can be easy to get overwhelmed. Homebuyers can ease some of their concerns by [...]
Home prices nationwide increased year-over-year, according to a new CoreLogic report. From January of 2013 to January of 2014, home prices, including distressed home sales, increased by an average of 12 percent. If you look at single-family sales in certain areas, appreciation is higher when distressed sales are included rather than excluded. You would think [...]
Want to spend less money without spending too much time figuring out how? Get some crisp, new bills from the bank. Apparently, when we have them, we don’t want to let them go, according to the Journal of Consumer Research study “Money Isn’t Everything, but It Helps If It Doesn’t Look Used: How the Physical [...]
Contract contingencies offer protection for people buying a home in case something goes wrong. There are three standard contract contingencies homebuyers should know about to make sure they can get out of a home agreement if they need to. Under certain circumstances, contract contingencies can keep homebuyers from facing penalties if they decide to walk [...]
This week we found out that the negative equity rate for 2013 homeowners was below 20 percent for the first time in years, according to Zillow. Negative equity is when a house is worth less than the mortgage amount – commonly referred to as underwater. One year ago, 27.5 percent of all homeowners with a [...]
It’s often said that money can’t buy happiness, but new research suggests a twist: It’s how you spend it that matters. At least that’s the contention of Elizabeth Dunn, Daniel Gilbert and Timothy Wilson in their Journal of Consumer Psychology paper, “If money doesn’t make you happy, then you probably aren’t spending it right.” The [...]
Private mortgage insurance, or PMI, can be a large new expense for homebuyers to take on each month. Fortunately, there are ways to avoid paying for PMI. If homebuyers are able to invest enough equity in their property, private mortgage insurance will not be required by the lender. If homebuyers put at least 20 percent [...]
Giving your kitchen a facelift is always a popular remodeling project but these top five kitchen renovation trends are a good investment if you’re planning to sell your home. Buyers want a kitchen that fits their lifestyle so you should make sure your kitchen is up-to-date. In the 2013 Cost vs. Value Report, produced by [...]
The IRS will collect taxes on forgiven or cancelled mortgage debt but distressed homeowners may pay less than the full amount if they file correctly. When the bank forgives your mortgage debt, sells your home in a short sale or repossesses it with a deed in lieu of foreclosure, you no longer owe the mortgage [...]
Bill Nemeth, Merry Brodie and Chet Burgess joined Ilyce to discuss this year's tax filing season on the Ilyce Glink Show on February 23, 2014 on WSB Radio. Ilyce's show always contains various forms of personal finance advice but she invited three engaged and intelligent professionals to give tips and advice on tax filing this year. These [...]
