If you are a young professional, you most likely have multiple savings goals, including retirement and buying your first home. Saving for both can be challenging while also covering your monthly expenses. When you factor in things like student loan payments and any other debt, not to mention a bit of wiggle room to actually […]
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If you want to sell your home faster and for the highest possible price, you may find that it helps to thoughtfully stage it with potential buyers in mind. Even in a hot real estate market, staging can be a useful tool. First impressions can be critical as buyers must decide quickly how much to […]
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Between open houses and bidding wars, buying a home can be draining. Meanwhile, in-the-know and select clientele have the chance to tour and purchase properties before they even hit the market. The practice, known as pocket listings or whisper listings, is becoming more common in real estate. This insider access may sound tempting, especially in […]
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Looking to get into a home but canât qualify for a traditional mortgage? You may want to look at owner financing. Owner-financed homes arenât very common, but they have some benefits for unique buyer and seller situations. Owner financing bypasses a traditional mortgage when the seller takes on the role of lender, but seller financing […]
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Homeowners insurance may very well be the least sexy part of homeownership â but it is definitely a necessity, in part because your mortgage lender will likely require it. Whether itâs a cozy micro-cabin or a rambling Colonial, your home is probably the single largest purchase youâll ever make and your biggest physical asset. An […]
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While assuming a mortgage may be different than taking out a traditional home loan, it may offer benefits to select homebuyers â if they know how an assumable mortgage loan works and how to land the best deal possible. What Is an Assumable Mortgage? Assuming a mortgage simply means that in a home sale transaction, […]
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Itâs easy to get confused about the difference between co-ops and condos. If you pulled up pictures of each during a home search, they might seem exactly the same. But if youâre in the market for a home â especially in a large city where both housing types are popular â youâll learn quickly that […]
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If you’re a soon-to-be homeowner, your lender might mention that you’re required to purchase hazard insurance. You may be wondering, âis hazard insurance the same as homeowners insurance?â In fact, hazard insurance is a part of your standard homeowner’s insurance policy. Let’s look at the ins and outs of hazard insurance, including what it covers […]
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A first-time homebuyer isn’t just someone purchasing a first home. It can be anyone who has not owned a principal residence in the past three years, some single parents, and others. If the thought of a down payment and closing costs put a chill down your spine, realize that first-time homebuyers often have access to […]
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A homeâs mechanical systems, exterior features, and large appliances donât last forever. Even with regular maintenance, sometimes an expensive-to-fix item will fail. So figuring out how to pay for emergency home repairs is something homeowners may want to think about before that emergency happens. How Much Do Common Home Repairs Cost? From roof to foundation, […]
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