Buying a home as a single parent: What you need to consider before making the big move including school district and overall space. Q: I got divorced in October and have an eight year old child. When my "divorce apartment" lease was up, I bought in a town about 15 to 20 minutes away, in [...]
Record highs and lows in home sales during the second quarter in 2018 will make you think twice about buying and where the real estate market is headed. The latest from ATTOM Data Solutions, curator of the nation’s premier property database, reviews reports on sales in the second quarter of 2018. Similarly to my last [...]
No seller disclosure? A home buyer is worried about investing in a home where the seller refuses to provide a seller disclosure form. What are the liabilities? Q: We are first time home buyers and we liked a house which is 20 years old and looks to be in good condition except for kitchen appliance, [...]
Millennials are nearly 10 percent less likely to be homeowners than baby boomers or Gen Xers. What’s different about this generation of homeowners? Urban Institute’s comprehensive study on Millennial Homeownership found that Millennials are 8 percent less likely to be homeowners than baby boomers and 8.4 percent lower than Gen Xers in the same age [...]
What you need to consider before buying your first home later in life? From mortgage terms to tax deductions, there’s many decision to be made before buying your first home. Note: This post has been updated to reflect a correction to the amount of the 2018 State and Local Tax (SALT) deduction change in the [...]
Why you may not need a full 20% down payment before buying a home, especially if it means draining your savings. Q: I’m looking to buy a home where the typical property sells for about $200,000. I have saved up about $25,000. Should I wait until I have $40,000 to buy the home or try [...]
Buying your first home: How to find the right mortgage lender that will have your best interests at heart. Hint: It may not be who your real estate agent suggests. Q: I recently saw you on the news and I wanted to reach out to ask you a few questions. I wanted to take the [...]
Millennial’s student loans have kept them from becoming homeowners because they can’t afford a down payment or tanked their credit defaulting on a loan. If you’re hoping your children will be able to buy a home of their own someday, you might want to keep an eye on how much money they’re taking out in [...]
Is the tiny house trend a good investment? Benefits and concerns to weigh before investing in the tiny house real estate trend. Is the Tiny House Trend a Good Investment? Open floor plans, urban areas and cool color palettes are still trending, according to a recent report from Fixr, a remodeling, installation, and repair project [...]
When you get a low appraisal in a hot real real estate market, it could kill your deal. But there are a few things you can do before having to lower the list price or kill the deal. Q: I heard Ilyce recently on WBEZ radio. I'm moving to Chicago from Minnesota and was blown [...]
