These days, more and more parents are buying homes for their adult children, providing gift funds, or loaning them money to make the big move. A 2016 survey from Bank of America showed that 19% of millennial homebuyers expected parents to help with their down payment, while 15% expected help with monthly mortgage payments. Read on below to get the scoop on this unusual twist in first-time home buying. We’ll tell you why it’s happening, and if you're

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⭐ ⭐ ⭐ ⭐ ⭐ Breaking down a 5-star homebuying experience With trustworthiness in real estate agents remaining low (per Gallup, only 18% of Americans think real estate agents have high ethical standards), Open Listings wanted to identify ways to increase buyer trust & satisfaction by studying the traits modern homebuyer value in great real estate agents. The methodology The Open Listings team analyzed word trends in over 900 5-star reviews from our ratings platform to understand what buyers want from real estate agents when

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TL;DR With housing prices on the rise, more and more people are trying to find ways to save on real estate expenses, or at least ensure that the bulk of their hard-earned money goes toward the home’s purchase price. This leads many to ask themselves if it’s actually possible to buy a home without a real estate agent. The short answer is: Yes, it’s possible. However, it’s not for everyone. We’ve outlined your homebuying

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Believe it or not, tax season is right around the corner, and if you’ve turned on the news recently, you’ve probably heard that the start of 2018 could bring big changes to the way you file. This is especially true for those thinking of purchasing a home since some of the tax benefits of buying are under intense scrutiny. Analysis from Open Listings shows that the proposed Tax Cuts & Jobs Act will impact most potential homebuyers living

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TL;DR With today's competitive real estate market, serious buyers should have a pre-approval letter and/or proof of funds before starting their home search. So, what are proof of funds? When you make an offer, sellers will require you to submit proof of funds. If you're buying a house with a mortgage, it shows them that you have the cash available for your down payment and closing costs. If you're paying all cash, your proof of funds shows you

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