How to Actually Afford to Buy A Home in America

How to Actually Afford to Buy A Home in America
Home buyers today face tough challenges—housing prices have soared, a dollar doesn’t go as far as it once did and rent is more expensive than the past. How are people today making such a large purchase in spite of these hurdles? With more flexibility and a bit of creativity when it comes to financing, today’s buyers are finding ways to achieve homeownership. Know Your Options (And Credit Score) To even begin the home buying process, it’s important to kno

Saying Goodbye to a Beloved Home

Saying Goodbye to a Beloved Home
Even if you want to move, making the transition isn’t always easy. A home can feel like a beloved member of your family. After all, it’s the haven you return to after a difficult day, kicking off your shoes and breathing a sigh of relief. Even if you want to move, saying goodbye isn’t easy. Here are some ways to make it easier to let go. 1. Make a photo album If you’ve staged the house for sale, it’s never looked better. The paint is fresh,

How to Set a Home Renovation Budget

How to Set a Home Renovation Budget
Before you start picking out tile and paint chips, be sure you know how much it will cost to remodel your house. Ready for a kitchen renovation? Anxious for a bathroom remodel? The easy part is knowing your goal for home remodeling — whether you’re trying to keep up with your growing family, add office space, or increase your home’s value. But figuring out how to plan a home renovation that doesn’t break the bank can be tricky. Her...

Boost Your Property Value: 4 Smart Features Worth Adding

Boost Your Property Value: 4 Smart Features Worth Adding
Your home may be your castle – but what that means for each person can be very different. Some people prefer light colors, some dark. Some want a location that lets them walk everywhere, while other people want to live far away from the hustle and bustle. However, there is one point that many homebuyers do agree upon: smart home technology. Adding smart home technology solutions doesn't just make your home more covetable – it can increase the demand for an...

5 Repairs You Might Encounter During the First 5 Years of Owning a Home

5 Repairs You Might Encounter During the First 5 Years of Owning a Home
Routine inspections and maintenance can help keep these issues from becoming bigger problems. Fact: Things in your home can break. Faucets might leak, windows can stick and ceiling fan motors occasionally burn out. Whether your home is newly constructed or listed on the historic registry, repairs will be needed. Here are five common household problems you’re likely to encounter within the first five years of owning your home, plus tips for dealing with

What is Tax Assessed Value, Tax Appraised Value, and Market Assessed Value?

What is Tax Assessed Value, Tax Appraised Value, and Market Assessed Value?
What is the value of your home? It depends on what you mean by "value." Tax assessed value This figure varies throughout the U.S. since it is determined by the taxing authority of the city, county, or state where you live. Sometimes it is the same as the market assessed value and other times counties will multiply the market value by an assessment ratio to get the tax assessed value, which is often lower than the market assessed value. For example,

Mortgage rates rise to nearly four-year high on inflation concerns

Mortgage rates have climbed to the highest level in close to four years, according to data released Thursday. The 30-year fixed-rate mortgage averaged 4.38% in the week ending Feb. 15, up from 4.32%, mortgage buyer Freddie Mac said. A year ago, the benchmark mortgage averaged 4.15%.  The 15-year fixed-rate mortgage averaged 3.84%, up from 3.77%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, up from 3.57%. ...

Stock Market Plunge: Is Real Estate Safe?

Stock Market Plunge: Is Real Estate Safe?
Is the stock market crashing? The short answer: no—the Dow is just a little bumpy right now. Monday’s Wall Street frenzy had people from all over the world fearing that a U.S. real estate bubble might be the culprit after the stock market suddenly took a nearly 1,600-point (4.6 percent) plunge. According to CNN Money, it was the biggest point decline in history during a trading day. However, experts say there’s no reason to worry. While homeownership ra

How to Get Ready for a Home Inspection

How to Get Ready for a Home Inspection
Home sellers will have an easier time by preparing for a home inspection in advance. Getting ready for a home inspection will help to prevent future problems. Prevention can stop surprises. The last thing a seller needs is for a home inspector to break a fixture or cause damage because the seller was ill-prepared. Some local governments require that the seller provides the buyer with a detailed home inspection while giving the buyer the option to ob...

How Owning a Home Can Help (or Hinder) Your Retirement

How Owning a Home Can Help (or Hinder) Your Retirement
Is it possible that most Americans are getting a major part of their retirement wrong? According to Census Bureau data, nearly 80 percent of those age 65 or older owned a home in 2017. But it may not be the right living arrangement for everyone. Not only could renting be a better option for some retirees, it could allow younger workers the opportunity to save additional money for their retirement. "From a psychological standpoint, homeo...