The housing markets future predictions is a question many people have. Deciding if you should buy a home now or wait takes some consideration. Q: I am a married, 65-year old retiree. I spent 22 years in the military (with a pension), and then worked another 22 years (44 total) for corporate America. I want [...]
You should think about buying a house as a long term investment. Find out why thinking long term is so important when buying a home. As the housing market finally seems to be picking up again, the question on everyone’s mind remains: Can we trust the real estate market again? While the housing rebound is [...]
As the economy improves and more households are created, thousands of new families are looking to enter the real estate market and purchase homes. But for many people, serious barriers stand in the way of buying a home. Because of these obstacles, many of tomorrow’s homeowners are using today’s single-family rentals (SFRs) as stepping stones [...]
Buying a house after retirement can be a good or bad idea. Deciding if it's better to rent or buy a house after retirement requires careful planning. Q: I am a 66-year old single female. I currently rent a home for $875 per month (low for this area because I have been in this location [...]
If you want to perk up a real estate agent, just say, “Spring is here.” Spring is normally the busiest time of year for real estate agents and brokers, and this year looks to be more of the same. As February’s colder-than-average temperatures started to rise, the real estate market also began heating up. Sales [...]
Do you know the 1031 exchange requirements? It's up to you to know the requirements of a 1031 exchange and have a back-up plan. Q: During the process of completing a 1031 exchange, my mortgage broker told us the day before our 180 day limit for closing on our purchase that our lender didn't approve [...]
Thinking of buying a home this year? If so, the odds are good that you’re noticing a lot fewer homes listed for sale in your market than you may have seen in the past. Listed inventory on the massive Realtor.com site is about 16 percent lower than it was a year ago and about 38 [...]
How to find an honest real estate agent. Ask about the agent's real estate commission. Ilyce Glink explains more on agent commissions in Today's Real Estate Minutes. Can you trust your real estate agent? A better question might be: Do you know how your agent is being paid? By law there is no standard real [...]
Should you use retirement funds to buy a house? Borrowing from a 401(k) to buy a house can be a bad move. More in today's Real Estate Minute. If you have to borrow money from your 401(k) or other retirement accounts to fund your down payment - don’t do it - it’s just not worth [...]
During your home closing keep a copy of mortgage lender's good faith estimate handy. For home closing tips, check out today's Real Estate Minute. Whether you’re buying or selling, you must keep a paper trail of the transaction, or you could get into big trouble. To keep your mortgage lender honest during your closing, keep [...]
