Whether or not a buyer receives a mortgage is ultimately what can make or break the purchase of a new home. Without one, an individual may not be able to afford loan payments, taxes and insurance. To receive a loan in the first place, one must meet with a mortgage broker to find the right plan for them. There are also a few important questions to ask to help ensure the home buyer’s financial well-being.
As the years go by, we see so many different fads and trends in real estate. Some stick, others fall by the wayside. Some are huge, market-shifting breakthroughs; others are small-scale concepts. Perhaps none smaller than tiny houses, America’s most recent real estate fascination. If you aren’t familiar with how this viral sensation came to be, then perhaps you need to catch an episode of HGTV’s “Tiny House Hunters” to see what it’s all about.
Whether you’re buying or selling a home, it is essential that you are aware of the latest trends in the real estate market. That means you should generally know whether or not it’s a buyer’s or seller's market. Check out these easy ways to tell which is which and discover what market we’re in right now.
The real estate industry relies on many different factors to influence the latest developments in housing trends. The economy and any legislation that affects it is always going to be a significant reason that the housing market fluctuates or remains stable, especially on Long Island. Therefore, you always have to pay attention to rising real estate values and any other relevant trends that may affect you and your housing situation.
If you have the means to do so, owning real estate properties is a reliable source of income. However, if you’re unfamiliar with the industry, you may not know if you’re equipped with the tools to handle such a responsibility. Luckily, we’ve compiled a list of factors that can help you decide whether or not real estate investing is right for you at this time.
No one ever said buying or selling a home was easy, especially without the trusty guidance of a real estate agent. However, sometimes your experience with an agent isn’t all that you hoped it would be. Sometimes, the only solution is going your separate ways. But how are you going to know the time is right?
In December of 2016, the Federal Reserve decided to increase the key overnight bank lending rate by a quarter of a percent for only the second time since the 2008 financial crisis. It may not seem like much, and it may only be a short-term deal, but this will produce major consequences for the housing market and affect long-term loan rates for homes.
When purchasing a new home, there is a seemingly endless number of factors that go into deciding how much you will pay. There’s your mortgage, taxes, insurance, closing fees and that’s only the tip of the iceberg. However, there are also ways that you can save yourself some money down the line. One way is by purchasing mortgage points.
With all that goes into buying a home, it can be difficult to figure out exactly where to start. A home purchase could be the most you’ll ever spend in your life, so you shouldn’t take it lightly. If you’re trying to determine where to start your first property search, use these tips.
Buying a house is often a tricky, convoluted process, especially when it’s your first time. For so many people, a home purchase is usually the most expensive thing they buy in their lifetime. Inevitably, you’re going to have some questions along the way. Luckily, we have the answers.