Posts with tag 'Saved for Later'
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15
Buyer Cheat Sheet for a Seller's Market
In a seller's market, home buyers need to be willing and able to act fast to snag the home they want. This spring, areas across the country are facing a limited number of homes for sale. Realtor.com® offers up a cheat sheet for surviving a seller's market.
- Be on call. "If you're only looking now and then when it's convenient, you're probably wasting your time," says James Malmberg, a real estate professional in Sherman Oaks, Calif. He suggests treating house hunting like job hunting. If someone calls with a lead, follow up promptly to gauge whether it could be a good fit and don't linger.
- Bring the paperwork. To be taken seriously, buyers would be wise to get a mortgage pre-approval letter as well as a "proof of f...
13
Outdoor Renovations Top To-Do List for Homeowners
Break out those hammers, folks! Millions of homeowners are planning to renovate their homes in the next year—36 million, to be exact, according to a recent Bankrate.com survey.
The majority of renovations will take place outside of the home, the survey found, including improvements to:
- Driveways
- Decks
- Fencing
- Landscaping
- Patios
- Pools
- Roofing
- Siding
8
Mythbusting the adjustable rate mortgage (ARM)
(BPT) - In pop culture, myths can sometimes be mistaken for truth. Common ones, like, "don't swim for a half hour after eating," or "we only use 10 percent of our brain," are false even though they're widely taken for fact.
The adjustable rate mortgage (ARM) earned a bad rap after the 2006 housing crisis. The problem was, before the crisis, many borrowers were able to qualify for more home than they could actually afford by using interest-only, No Income Verification or No Ratio ARM products. When the housing market tanked and many houses lost value, some homeowners with rising mortgage payments either foreclosed or walked away from their properties.
Fast forward 10 years to today. The ARM is back to show potential homebuyers it's not the villain of the housing market. It's time to debunk the myths that give ARMs the "b...
1
5 tips to help you make the most of this year's real estate season
(BPT) - Spring is here! This season of new beginnings also marks the start of the year's busiest real estate period. According to the Federal Home Loan Mortgage Corporation, the housing market in 2016 is set to be quite active with a 3 percent increase in total home sales compared to the previous year. If you're planning to enter the housing market this year, buying or selling a home is a big decision and you can count on plenty of competition. To ensure you make the correct home buying or selling decisions, it's important to do your research and arm yourself with valuable information.
'Selling or purchasing a home is one of the biggest and most important transactions many consumers will make in their lifetime,' says Tim Haynes, president of
24
Buying a Home? 3 Ways to Beat the Competition
With home prices on the rise and mortgage rates still relatively low, now is the ideal time to buy a home. But in this type of market, competing offers can shut you out of the home of your dreams if you're not prepared.
Beat the competition this home buying season with these 3 tips, courtesy of NeighborWorks America, a national nonprofit corporation.
1. Seek professional guidance. More than two-thirds of homebuyers in a recent NeighborWorks survey said that the home buying process is complicated. The best way to get a thorough understanding of the process is to consult with a real estate professional. If you find your finances are lacking, you may also want to meet with a housing counselor, who can offer additional support.
"The housing market is tough right now, with fewer homes for...