Tag: “homebuying advice”

Navigating a buyer's vs. seller's market: what's the difference?

Let’s be honest: the real estate industry has its own set of lingo. For a lot of us, especially first-time buyers, it can be difficult to determine what all these terms mean and then how to act accordingly. Luckily, though, we’re here to do the decoding so that you don’t have to. Today, we’re tackling the terms “buyer’s market” and “seller’s market” and helping you understand the differences, how it affects your chances of

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4 ways to kickstart your house hunt in a new city

Whether you’ve just accepted a job offer or you’re just starting a new adventure, relocating to a new city is exciting. That said, house hunting from afar can be a nerve-wrecking process. After all, buying a home is a big investment, and the stakes become exponentially higher when you’re unable to see what you’re buying with your own eyes. However, with a little planning, it’s absolutely possible to find a home remotely. Here are four

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Submitting an offer below asking price? Here's what you need to know.

Once you're serious about buying, deciding how much to offer on a house becomes one of the most pressing concerns. It’s hard to find the balance between trying to get a fair deal, writing an offer below asking, and actually getting the house. Luckily though, we’re here to help you sort this issue out. We’ll explain when a low-ball offer is appropriate, how to determine the right sale price, plus a few alternative ways to save. With

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House hunting for first-time homebuyers: is there a right way?

A lot of buyers, especially first-timers, worry about whether or not they’re going about their home search the right way. On the one hand, buyers fret that if they find their "dream home" too early, they might be missing out on something better. But, on the other, if the process takes a while, they worry that they’ll never find a home that works for them. The FOMO is real. Keep reading to find out if you’

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Getting cold feet: can you back out of buying a house?

You submitted an offer and it was accepted. Everything seems to be going your way, except for one major detail: you’re not sure if this house is actually the right one for you. Sound familiar? It happens. Buying a home is a big deal. Lots of buyers get cold feet when they go to buy a home, and some do end up walking away to explore other options. If you’re unsure of the next steps to take, this

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Breaking it down: selling and buying a home at the same time

Buying and selling at the same time takes a little more foresight and planning than a one-way sale, but it's totally doable. If you're looking to sell your existing home and buy a new one, here are a few ways to make this arrangement work: Buying first, then selling Sometimes you fall in love and find your next home early on in your house hunt. But when you still have a home to sell, buying can be a little trickier.

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Buying a starter home? Here's what you need to know.

Many first-time homebuyers, especially in competitive markets, end up in starter homes as a part of their first foray into the real estate market. The idea of a "starter home" goes back to World War II. After veterans completed their service, they returned home and took advantage of a provision in the G.I. Bill that guaranteed them affordable mortgages. The increased demand caused a housing boom, specifically for smaller, low-cost homes where the veterans could start their

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Getting real: what's the deal with "curb appeal"?

Once you get your house hunt on, you’ll undoubtedly start hearing lots of terms getting thrown around. From “pre-approval” to “closing costs”, it can be tough to suss out exactly what all of these things mean, especially if it’s your first time looking for a home. This time, we’re tackling "curb appeal." Everyone kinda gets it, but really, uh...what is it? No matter if you’re just starting out or have been on the

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Buying a house with a friend or relative? Here's what you need to know.

Want to invest in a home, but can’t afford it on your own? With the real estate market being so competitive in major metro markets, buying property with a friend, relative, or significant other who isn't your spouse yet is becoming increasingly common. More and more often, people are finding a solution to the affordability problem by choosing to go in on a property with someone else. However, buying a home together with a significant other, friend, or relative

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Buying in a seller's market? Here's 5 tips.

Looking to get in on that perfect home in your dream neighborhood? So is everyone else. Whether it's the killer school district, walkability, or central location that makes your target neighborhood a top pick, odds are homes for sale in hot markets are hard to come by. If you want to call your dream 'hood home, you’re going to need to buy smart. Luckily, you’re not in this alone. We know what buying in a hot market (also

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Weighing your options: pros & cons of buying a condo, co-op or townhome

If you’ve decided that the responsibility or affordability of single-home living is not for you, there are plenty of other styles of living to choose from. Surprised you've got options? No worries ~ we've compiled a list of the pros and cons of shared building living, whether you're looking at a condo, co-op or a townhome, so you can determine which property type will work best for you and know what you'll be getting into. Buying into a co-op It

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4 questions that will help you determine whether or not a house is right for you

Deciding which house to buy is a huge decision. After all, it’s one of the biggest financial decisions you’ll make, and you’ll likely spend years in your new home. It’s no wonder why many buyers, especially first-timers, worry over whether or not they’ve managed to find “the one” and if it’s worth submitting an offer. We’ve put together four questions to help you determine whether or not you've found the "right house&

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Think you're ready to buy a house? Here's 4 signs.

“Am I ready to buy a house, or should I just keep renting?” It’s one of the questions that we hear most often and something to which first-time homebuyers often spend months, if not years, trying to figure out the answer. Below are a list of four tell-tale signs that you’re ready to bite the bullet and take the leap into home ownership: Sign #1: You're ready to settle down The first sign that you’re in the

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6 mistakes to avoid as a first-time home buyer

Buying a home for the first time is a big deal. To help you get ahead, we’ve outlined some first-time homebuyer tips by calling out six of the biggest mistakes that you should avoid going into the purchase of your first home that could end up saving you a lot of time, money, and frustration. Mistake #1: not getting pre-approved Many first-time buyers make the mistake of thinking that they don’t need to get approved for a mortgage

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Is being a landlord right for you? What to consider when buying a rental property

These days, homebuying is changing. While a single-family home may have once been the goal, rising housing prices have caused more people to consider multi-family options. By living in one unit of a duplex or triplex and renting out the rest, you have the unique opportunity to offset some of the costs of homeownership. Plus, if you play your cards right, it’s a chance to create a passive income stream that will last long after you move into your

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