Report: US Home Prices On the Rise

 |  Purchasing a Home, Real Estate News, Selling a Home

The National Association of Realtors recently announced the latest US real estate figures and the numbers are encouraging for anyone considering selling their home.

Evidently, home price growth accelerated in much of the country during the fourth quarter of 2014.

This is a fantastic development for anyone hoping to get a good price on their home for sale.

What You Should Know About US Home Sales

Here is an overview of the highlights of the most recent real estate market report:

  • The median price of an existing single-family home increased year-over-...
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More US Home Buyers Returning to Market Because of Easier Mortgage Rules, Stable Rates

 |  Financial, Purchasing a Home, Real Estate News, Selling a Home

More and more home buyers are returning to the US housing market because they’re noticing favorable market conditions.

Specifically, buyers are feeling more comfortable about navigating the market thanks to interest rate stabilization and easier mortgage rules, according to a recent article by Reuters.

This is fantastic news for the overall health of the housing market. After all, it suggests that the national real estate market is likely to become more stable over time.

...
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 |  Community Events, Purchasing a Home, Real Estate News

Coming Soon!

Elegant New England Colonial in High Demand Minikahda Vista Neighborhood!

~ To be Sold for the First Time in 18 Years ~

This home has four bedrooms up, an attached garage, a master suite and is ready to be lived in and enjoyed.

All four bedrooms are located on the second floor.  Each is generous in size and three of the four have at least two closets – each hosting abundant walk-in or storage...

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What a Home Inspection Should Cover

 |  Home Maintenance, Purchasing a Home, Real Estate News, Resources to Hire Professionals, Selling a Home

Home inspections will vary depending on the type of property you are purchasing. A large historic home, for example, will require a more specialized inspection than a small condominium. However, the following are the basic elements that a home inspector will check. You can also use this list to help you evaluate properties you might purchase.

For more information, try the virtual home inspection at www.ASHI.org, the Web site of the American Society of Home Inspectors.

Structure:  A home’s skeleton impacts how the property stands up to weather, gravity, and the earth. Struct...

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Pros and Cons of Going Condo

 |  Purchasing a Home, Real Estate News, Resources to Hire Professionals

Condominiums and townhouses offer an affordable option to single-family homes in many markets, and they’re ideal for those who appreciate a maintenance-free lifestyle.   But before you buy, make sure you do your legwork.   These are some of the important elements to consider:

  • Storage.   Some condos have storage lockers, but usually there are no attics or basements to hold extra belongings.
  • Outdoor space.   Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good...
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Tips for Buying in a Tight Market

 |  Financial, Purchasing a Home, Real Estate News

Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.

  1. Get prequalified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.
  2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.
  3. Scout out new listings yourself
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How Big of a Mortgage Can I Afford?

 |  Financial, Purchasing a Home

Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent.

The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. Based on your current rent, use this calculation to figure out how much mortgage you can afford.

Rent: _________________________

Multiplier: x 1.32

Mortgage payment: _________________________

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 |  Financial, Purchasing a Home, Real Estate News

Things You Might Not Know About Title Insurance

The following has been reprinted with permission of the NATIONAL ASSOCIATION OF REALTORS®

  1. Your mortgage lender is going to require it. Title insurance protects the lender and the secondary markets to which they sell the loans from defects in the title to your home and property. It ensures the validity and enforceability of the mortgage document. Title defects could include mistakes made in the local property office, forged documents and claims from unknown parties. The amount of the policy is equal to the amount of your mortgage at its inception. You ...
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What Not to Overlook on a Final Walk -Through

 |  Purchasing a Home, Real Estate News, Selling a Home

It’s guaranteed to be hectic right before closing, but you should always make time for a final walk-through. Your goal is to make sure that your home is in the same condition you expected it would be. Ideally, the sellers already have moved out. This is your last chance to check that appliances are in working condition, and that agreed-upon repairs have been made. Here’s a detailed list of what not to overlook for on your final walk-through.

Make sure that:

  • Repairs you’ve requested have been made. Obtain copies of paid bil...
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Common Closing Costs for Buyers

 |  Financial, Purchasing a Home, Real Estate News

You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount for:

  • Down payment
  • Loan origination
  • Points, or loan discount fees, which you pay to receive a lower interest rate
  • Home inspection
  • Appraisal
  • Credit report
  • Private mortgage insurance premium...
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