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Instant Buyers Save Time But Cost Money

Instant Buyers Save Time But Cost Money


There are a multitude of companies across the Internet, referred to as iBuyers, who are suggesting that sellers can save the hassle of putting their home on the market, showings, repairs, open houses and other things by accepting their instant offer to purchase. ...CONTINUE READING
Financing Home Improvements

Financing Home Improvements


Home improvement loans provide a source of funds for owners to finance the improvements they want to make.  These are usually, personal installment loans that are not collateralized by the home itself.  Since there is more risk for the lender with this type of loan, the interest rate is higher than a normal mortgage loan. ...CONTINUE READING
What Goes With the House?

What Goes With the House?


Sometimes, there can be confusion on what goes with the house and what goes with the seller when they move.  Generally speaking, the house is the land and buildings and any fixed or attached property. ...CONTINUE READING
Who Earns the Commission?

Who Earns the Commission?


What do you think the motivating reason would be for the 5% of all homebuyers who chose not to work with an agent but instead conducted their own home search, contacted the seller, negotiated the contract, located their financing, arranged their inspections and all of the other services provided by REALTORS®?  Most people would probably guess the buyers were wanting to do the work themselves and earn the commission in the form a lower purchase price. ...CONTINUE READING
Take the Standard Deduction and the Home

Take the Standard Deduction and the Home


Now that the standard deduction is increased to $12,200 for single taxpayers and $24,400 for married ones, many homeowners are better off with the standard deduction than itemizing their deductions to write off their mortgage interest and property taxes.  There was some speculation that without the tax advantages, homeownership is not the investment it once was. ...CONTINUE READING
Mortgage Lock-in

Mortgage Lock-in


A mortgage lock-in is a lender's agreement to hold a specific interest rate for a stated period for a loan at the prevailing market interest rate. This provides the borrower some protection against the interest rates going up during the lock period. ...CONTINUE READING
In Case of An Emergency

In Case of An Emergency


Imagine having an emergency in your home and needing to find something that will solve the problem.  You need to be able to put your hands on it quickly.  ...CONTINUE READING
What is Keeping Buyers Out of the Market

What is Keeping Buyers Out of the Market


60% of buyers paid for their down payment by saving according to the 2019 Profile of Home Buyers and Sellers, recently released in San Francisco at the National Association of REALTORS Convention.  The most difficult step in the process was saving for a down payment cited by 13% of respondents. ...CONTINUE READING
Anticipating the Cost of a Home

Anticipating the Cost of a Home


The largest expenditure a buyer has when purchasing a home is the down payment which can range from zero for veterans or 3.5%, 5%, 10% and 20%. ...CONTINUE READING
Aspiring Owners

Aspiring Owners


Non-owners' information was also reported in the 2019 Profile of Buyers and Sellers in an effort to understand aspiring buyers.  74% of those surveyed are currently renters and 26% currently live with someone else without having to pay housing costs. ...CONTINUE READING

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