Rents Are On The Rise: Don’t Get Caught In The Rental Trap!

By | Buying A Home, General

  There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Our national rent index is up 0.1 percent month-over-month, marking the sixth straight month… Continued

September 6, 2018

Millionaire To Millennials: Owning Your Home Can Help You Retire Sooner!

By | Buying A Home, General

  In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally,… Continued

August 7, 2018

Rising Interest Rates Have Not Dampened Demand

By | Buying A Home, General, Selling Your Home

    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title… Continued

July 11, 2018

Home Inspections: What To Expect

By | Buying A Home, General

Home Inspections: What To Expect   So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to… Continued

May 8, 2018

What If I Wait Until Next Year To Buy A Home?

By | Buying A Home, General

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however,… Continued

May 7, 2018

The Cost Of Renting Vs. Buying Today

By | Buying A Home, General

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if… Continued

March 30, 2018