Buying land for a new home is a significant investment, so take your time, do your research, and make an informed decision. It's essential to do your due diligence and research before buying land to build a new home. Here are some important things you shouldn't forget: Determine your budget: Before you start your search, it's important to have a clear idea of your budget. This will help you narrow down your search to properties that are within your price range. Choose a location: Consider the … [Read more...]
S&P Case-Shiller Home Price Indices Show Mixed Readings in March
March readings for the S&P Case-Shiller National Home Price Index showed that month-to-month home prices rose by 0.40 percent in March. The 20-City Home Price Index, which is considered a benchmark indicator by U.S. real estate professionals, rose by 0.50 percent month-to-month in March but posted a negative reading of -1.10 percent year-over-year. Analysts said that the slim supply of homes for sale drove up prices as demand for homes exceeded available inventory. Homeowners took a … [Read more...]
Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer
Crafting a counter-offer that doesn't scare away a potential home buyer can be tricky. Here are five tips to help you navigate the negotiation process while keeping the buyer interested: Keep emotions in check: Avoid letting your emotions drive the conversation and try to remain objective throughout the negotiation process. Keep in mind that the buyer is also looking for a fair deal, and it's important to approach negotiations with a collaborative attitude. Understand the buyer's needs: … [Read more...]
Mortgage Approval With An Unconventional Job – How Does It Work?
It is unlikely that an unconventional job will hurt your mortgage approval, as long as you can demonstrate a consistent and stable income stream that meets the lender's requirements. Lenders are primarily concerned with your ability to repay the mortgage, and they will evaluate your income and employment history to determine whether you are a suitable candidate for a loan. It's also worth noting that the type of property you are seeking to purchase, as well as your credit history, debt-to-income … [Read more...]
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