Many first-time home buyers find that the perfect home is out of their reach. The house prices, along with the down-payment expected, closing costs and inspection fees are too much to consider, and that is why many start looking for the perfect fixer-upper instead. According to a survey done by Realtor.com, nearly 60 percent of first-time home shoppers that are ages 18-34 say they would consider a house that needs renovations. A key factor for this is likely the expense of buying newer, turn-key houses.
While the majority of American families are not necessarily in the position to pay cash for their new home, it is still worth looking at the cash versus mortgage options to better understand that there are actually pros and cons of each payment method.
If you’re in the market for a new home, it's likely you’ve come across properties that are part of an HOA, or homeowner’s association. An HOA is essentially an organization that makes and enforces the rules for planned communities, such as developments comprised of condominiums, town houses or single-family homes.
If you are in the process of looking at new homes, you want to be sure you know how to present a strong offer to the seller once you find the home you want. A strong offer could literally make or break a deal, especially in a hot market. Most real estate agents use a basic template when composing a purchase offer, therefore you are likely to find that the majority of purchase offers will include many of the component listed below.
An increasingly popular way to grow savings for retirement and achieve financial wealth is to purchase an investment property. While some of the basic steps are the same as when you purchase your own home, there are additional things to consider when your purchase is an investment property.