Buying a foreclosed home through an auction may get you a great deal on a house, but it may also come with some unusual complications--like the former owners still living inside. While the foreclosed owners do have to leave eventually, every new owner fears the worst: They may be tempted to do a little damage on [...]
In 2015, the U.S. housing market will take another step toward what might be considered “normal.” In fact, Rick Sharga, executive vice president of real estate marketplace Auction.com, says this year will be “a ‘status quo’ ‘kind of year,” bringing slow but steady growth and an uptick in housing construction in the form of new, [...]
Millions of American Millennials are dealing with significant student loan debt, but they are also eager to buy homes and start their adult lives. According to the Project on Student Loan Debt, about seven in 10 college seniors who graduated from public and private nonprofit colleges in 2015 had student loan debt, averaging $30,100. In [...]
As of 2014, there are approximately 10 million self-employed people in the United States. If you’re one of them and you’re in the market for a new home, you may face some extra hurdles during your home buying journey. While lenders are used to working with self-employed borrowers, buying a home when you’re self-employed requires [...]
Your builder may promise a 10-feet-deep swimming pool and a community playground but if you don’t get that promise in writing, don’t be shocked when it doesn’t materialize. Buying from a builder may be one way to get your dream home but even the savviest homebuyer needs to be cautious, especially if you’re buying without [...]
Buyers and real estate agents alike have discovered that fall can be a great time for buying a home. Sellers are more willing to negotiate, and the combination of eager sellers and bargain-hungry buyers has created a home buying season that rivals the active spring season. This year’s fall season is shaping up to be [...]
Q: My husband and I are on the hunt for a new home, and we’d like to buy an older house—not a fixer-upper, but something with a little charm. What should we look for when we’re visiting the homes, and what are some issues we might face that are different from buying a new home? [...]
Here are a few of the topics covered on this week’s radio show. Caller question: I’m moving to a new city for five years—should I buy a new house in cash or take out a mortgage? [3:22] Consider a 10-year mortgage. The interest rates are so low that you can borrow money cheaply, while keeping [...]
Most luxury homebuyers are looking for two amenities when they start house shopping. http://youtu.be/WMa_WPh9bD0 A survey by Realtor.com looked at what luxury homebuyers want the most in a house. The majority of respondents – 54 percent – said they wanted a chef’s kitchen. Another large group – 44 percent of people surveyed – said [...]
It’s possible to buy a house with no regrets – if you’re willing to do your homework first. http://youtu.be/N7CALu_mAk0 In a survey conducted in the second quarter of 2014 by Chase Bank, 39 percent of people said they’d choose a house of a different size, different price or even in a different area if they [...]
