New changes may require homebuyers to pay their Real Estate agent directly, shifting the cost from sellers. Traditional buyer’s agent commission rates, often ~3%, will now need negotiation between buyers and agents.
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals … Continued
Potential homebuyers face challenges due to high mortgage rates and low inventory. Homeowners benefit from increased home equity, with an average of $300,000 available. Home equity loan rates are around 8.6%, making them a cost-effective borrowing option. To secure the best rate, shop around, ensure financial stability, consider paying points upfront, explore alternatives like HELOCs, … Continued
Mortgage rates are unpredictable and unlikely to drop significantly soon. Waiting for rates to drop might lead to increased competition and higher home prices when they eventually decrease.
You can buy a house without income by proving financial strength or paying in cash. A strong credit history, including a high credit score, can improve your chances.
Buying a house can be a financial milestone, but the down payment can be a barrier. Government-backed loans like VA and USDA loans require no down payment. Down payment assistance programs from state and local agencies offer grants and loans. Alternative options include seller financing, lease-to-own agreements, and co-borrowing. Strengthening credit, managing finances, and getting … Continued
Selling commercial Real Estate depends on financial strategy and market conditions. Plan for a six-month sales cycle, including preparation, marketing, and closing.
Before moving into your new home, change all exterior locks and garage codes. Consider a thorough cleaning, set up utility accounts, and update your address with the post office. Ensure all detectors are working and locate important controls. Once settled, establish routines and explore the neighborhood. The FHA's 203(k) program now allows borrowers to include … Continued
High interest rates and low housing supply make the market tough, but experts suggest strategies for buyers and sellers.Assumable mortgages with lower rates can save buyers thousands; about 14% of active mortgages are below 4%.