Considering paying cash for your dream home? So are more and more people. The number of all-cash deals has risen 25 percent from a year ago, making up 30 percent of May 2011 home sales, according to the National Association of Realtors. These all-cash buyers are typically either trading down for retirement, investors or wealthy folks. Learn the pros and cons of paying cash for a home, and where this is an option for you.
Tag: buy a home
Finding and viewing houses during the home buying process can be dizzying, especially for first-time home buyers. Before you start looking at homes, it’s important to set your housing priorities. We give you a few items that should make your list so finding the right home is a breeze.
There is no doubt that the prices of houses are making it a highly attractive time for people to buy a home. This is not the case for everyone, however. Just because the prices of homes are right does not mean that it’s the right time to buy. Renting may be the better option, depending on your own personal financial situation and a few other factors.
To qualify for a Federal Housing Authority (FHA) home loan, the property you are buying has to meet certain standards. While the FHA does not fund the mortgage directly, the government agency does insure the lenders that offer FHA loans to homebuyers. Find out how to make your home a best friend of the FHA, so it’s easier and faster to find a buyer.
The cost of homeownership certainly doesn’t start and end with the monthly mortgage payment. When it comes to buying a home, the old adage, “Don’t judge a book by its cover” applies.
A home inspection is a small expense to pay upfront for a thorough inspection of your new home. It will identify any existing problems with plumbing, electrical, roofing and other home improvement matters, or what issues may arise in the near future. Learn more about home inspections and how to ensure you’re buying the home of your dreams and not a money pit.
In a housing market that has gone haywire, many homeowners are debating within their own heads or even aloud with spouses or roommates: should we move or make improvements to the home we already own? The truth of the matter is that more homeowners are choosing to stay and fix up their own home rather than move – even though the price of buying a new home is relatively inexpensive right now.
Find out the pros and cons of both moving and remodeling so you can make the decision that is right for you and your family.
Your home may be your castle, but when it comes time to sell it, you have to learn to emotionally detach yourself from it. Otherwise, you may be stuck wondering why potential buyers are walking away and deals are falling apart. Certified Financial Planner, Rick Kahler, explains how to detach yourself emotionally and make the sale happen.
Since the housing bubble burst more than two years ago, families all across America have been holding onto to their houses. Many who considered selling decided to wait, which is good because many who considered buying decided to wait, too. But there are some indications the real estate market is beginning to recover. Depending on where you live, now may be a good time to think about buying (or selling) a home.
If you’re thinking about selling your home, you’re undoubtedly thinking about the sale price of your home, too. If you don’t know already, you’re probably wondering what your home is worth. Maybe you’ve talked to a Realtor, he’s done a market analysis and come back to you with a suggested sale price. Are you happy with that price? If you’d like to add a few more dollars, here are some things you can do to increase the re-sale value of your home.
Though the United States is grinding its way through a slow economic recovery, many parts of the country are still experiencing high unemployment and low housing prices. Experts are concerned that some of the hardest-hit areas have not yet bottomed out in terms of real estate prices. News like that is preventing many would-be buyers from shopping for a new home. Those same experts, however, acknowledge that there is one region in particular that didn’t suffer the same dramatic setbacks as the rest of the country. Find out what that area is and why it’s a hot home buying market.
A recent segment on NBC’s TODAY Show revealed that NOW is the best time to buy a new home. Not only are prices at an all-time low in many cities, but most mortgage rates are less than 6 percent. With higher unemployment rates and more foreclosures, buying a home is more affordable than it’s been in years. But before you buy, you should ask yourself these important questions.