The Benefits of Owning a Second Home
As the world emerges from the pandemic era and begins to look for a new normal, we’ve all changed the way we look at homeownership and lifestyle. More and more, families are forgoing exotic vacation...
Finances
Should I Use My 401k to Buy a Home?
Buying a home can be a financial stretch. With soaring home values and rising interest rates, many potential first time home buyers find saving for a down payment increasingly difficult. For many people, the main source of savings is in the for...
Property Liens That Can Stop The Sale
One of the most common reasons for a home sale to fall through is the presence of property liens. Often the sellers are not even aware they have a lien on their home and the delay caused by having them removed can cause a qualified buyer to loo...
What is a Down Payment Gift and Who Can Give it?
When it comes to buying a home, one of the most significant hurdles many first-time buyers face is the down payment. However, a down payment gift can alleviate some of that burden. Understanding what a down payment gift is and who can provide o...
The Down Payment Assistance You Didn’t Know About
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it. And if you’re hoping to buy a home, this is a mission-critical gap to close – fast (see graph below):
Here’s wha...
Falling Mortgage Rates Are Bringing Buyers Back
If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.
After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates ...
Pricing Your Home for Sale When Everyone Else is Overpriced
The past few years have been exciting for home sellers. Not only were home prices historically high but buyers were well qualified and enjoying low interest rates. Today’s housing market is dramatically different in many areas of the country....
Should You Offer Financial Concessions When Selling?
When selling your home, at some point the question of financial concessions will arise. These may be credits for closing costs, repairs, or upgrades and these incentives may improve your ability to sell the home, especially if the home is not i...
How Lenders Treat Commissions When Qualifying for a Home Loan
One of the biggest factors lenders use in qualifying potential home buyers is income. When coupled with credit scores, income is critical in reducing the risk for the lender which in turn gives the buyer better terms, lowering costs. For most b...
Property Liens That Can Stop The Sale
A common reason for a home sale to fall through is the presence of property liens. Often the sellers are not even aware they have a lien on their home and the delay caused by having them removed can cause a qualified buyer to look elsewhere.
A...