The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014 until settling down to 3.3 percent annual increases over the next three years according to Fiserv, [...]
Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors. Throughout the downturn in the housing market, average investors, sometimes pooling their money, have bought foreclosures at a sharp discount and turned them into rentals. Many homeowners also have purchased a second home and rented [...]
What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the [...]
Here are some positive possibilities: • In a home that the temporary slowdown in real estate made it possible for you to own… with its value climbing and your equity growing rapidly. • Living in a larger home with amenities you never expected to have… yours because you acted when others were fearful. • The [...]
Whether you’re ready to settle into your first home or looking to buy your fifth; are moving cross-country or cross-town, it’s smart to identify which attributes of a new home are most important to you. Be sure to sit down with your real estate agent and discuss your needs and wants for your new house. [...]
Those that choose to sell their own homes often hope to avoid the commission paid to real estate agents. While those familiar with the housing market and process of selling a home may enjoy a successful sale, plenty of inexperienced home sellers have encountered nothing but headaches. Besides limiting the number of potential buyers, the [...]
Looking at today’s market, I’m so happy about the opportunities that first-time homebuyers are seeing and embracing. One of my colleagues is a young man in his 30s, and recently bought his first home. For years, he counted himself out of the home buying equation, or thought that if he did buy a home, he’d [...]
Homeowners are commonly advised to consider energy-efficient improvements before selling a home, but the ever-evolving field of environmental technology makes it tough to stay on top of the most beneficial – and practical – green energy developments. While it might impress the neighbors to convert a standard home into an energy-saving powerhouse, doing so can [...]
