09
Dec 18

Experts Say These 5 Real Estate Tips Are Now Totally Outdated

Like lots of things in life (including yourself!), the real estate world keeps rapidly evolving. Though some things will stay the same, at least one thing your broker told you a decade ago is no longer relevant. Here, five once-common pieces of advice experts say that you should now take with a grain of salt.

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30
Nov 18

9 Signs You're Ready to Stop Renting and Buy Your First Place

Do you dream of a future with a yard and a white picket fence? One where you’re not writing away 30 percent of your salary to your landlord every month? Being able to buy a home is a big part of what we’re sold as “The American Dream,” but it’s not for everyone.

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25
Nov 18

3 Expert-Approved Reasons You Should Add "New Home" to Your Holiday Shopping List

‘Tis the season… to look for houses? It may seem counterintuitive since it’s actually a slower time of year and there may be fewer houses on the market, but the holiday season might actually be the ideal time to house hunt. Here are three reasons why:

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21
Nov 18

5 Things Your Real Estate Broker Won't Tell You

House hunting? You probably need a broker to help with your search. A great broker can find you a place to live but also sometimes winds up acting as your best friend, your mom, and your therapist all in one. For a successful end result, you really want to make this complex relationship work; we’ll let you in on what your broker might really be thinking…

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12
Oct 18

50% of Homeowners Bought Their First Home by This Age

First, a disclaimer: You should, of course, live your life on your own timeline. But, if you were curious about the median age of homebuyers, a snapshot from the National Association of Realtors reveals that it’s 32. To get super specific… the average household income of the median homebuyer is $75,000, their homes were 1,640 square feet, and they spent $190,000 on their first property. (If that price tag seems low, note that only 17 percent of the first-time homebuyers purchased in urban areas).

Again, and we’re really driving this home, you should buy a home when it makes sense for you. (In fact, here are good reasons to not buy a house).

But if you do want to use age 32 as a rough target age for becoming a homeowner, you can start taking some financial steps to get there—no matter if that means planning to buy a house in six months or a decade.

We asked financial experts to lend their best advice for syncing up your finances with your home-buying timeline. Here are the money moves you should be making if you are aspiring to be a homeowner.

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09
Sep 18

5 Ways Tiny Homes Don't Actually Save Money in the Long Run

Sure, you already know a tiny home is likely to be a fraction of the cost (and size) of a traditional starter home. But you may be curious how the two home types compare when it comes down to day-to-day living costs—and which one shakes out to be a better investment in the long run.

While expenses (often unexpected ones) are a common denominator in ownership for both home types, the things that will siphon money from your savings account can differ dramatically between the two. Here, a breakdown of home ownership costs: Starter home versus tiny home edition.

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09
Sep 18

Here's How I Got a Mortgage (Even Though I Thought I Couldn't)

After my husband and I got married, we quickly started to think about the impending doom/joy (whichever way you want to call it) of “possibly” starting a family sometime in the future. To add to it, we both started to work from home: My project management position had recently gone mobile and my husband worked as a music producer in a home studio. Suddenly the two-bedroom apartment in Philadelphia we’d been renting for about four years (and paid roughly $1,000 per month for, including water and parking), felt oppressively small. We needed more space.

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06
Sep 18

The 3 Traits That Signal a Bad Real Estate Agent

The first step to becoming a homeowner is finding a great real estate agent. He or she is vital to moving you through the home buying process and will be by your side from the moment you view your very first listing until you’ve been handed the keys to your new property. Since your agent will play such a big part in your search, it’s crucial to find someone who is the right fit for you.

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03
Sep 18

What’s the Difference Between Pre-Qualified and Pre-Approved?

The terms pre-qualified and pre-approved almost sound like they could be synonyms. But when it comes to home financing, there’s actually quite a big difference between the two—and securing pre-approval for a loan is actually what brings you closer to the closing table.

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29
Aug 18

One Person You're Forgetting to Talk to While House Hunting

Before I put an offer in on my house, I already knew all the neighborhood quirks I would encounter once I moved in. I knew I’d be able to faintly hear a train at 10:05 p.m. most nights, that I’d be living along the high school homecoming parade route, and that one of my elderly neighbors recently had a stroke and would love to have help walking his dog.

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