Whether the kids have moved out or you just aren't using the extra bedrooms, having a house that feels 'too big' is rarely fun. In today's post, we will share a few changes you can expect when you downsize from a large house to a smaller apartment or condo. Why Downsize At All? As you might imagine, having too much space is the primary reason that couples and families downsize. Larger homes cost more to maintain and can feel empty if it's just one or two people living there. In many cases, old … [Read more...]
What Are the True Costs of Selling a Home? Let’s Take a Look
Are you thinking about selling your house? Before you decide to list your home up for sale, it is helpful to get a clear picture of how much it's going to cost. Whether you are sprucing things up with a fresh coat of paint, replacing the roof membrane or just covering your taxes, there will be a few bills to pay. Let's take a quick look at some of the true costs that you'll incur when selling your home. Is Your Home Ready To Sell? The first question you will need to answer is whether or not your … [Read more...]
Closing Costs And A Cash Sale: Who Pays?
There are some people who are able to pay cash for a home. Typically, these are individuals who are selling an existing property that has gone up in value. Now, all of a sudden, they have a lot of extra money they can spend on a house. If you can pay cash for a home, you have a lot of extra negotiating power. When it is time to complete the sale, who pays? What Is Included In Closing Costs? Before deciding who pays closing expenses, it is important to take a look at what is included. Because you … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 24, 2022
Last week’s economic reporting included readings from the National Association of Home Builders on national and regional U.S. housing markets. The National Association of Realtors® reported on sales of previously-owned homes, and the Commerce Department released readings on building permits issued and housing starts. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Home Builder Confidence in Housing Market Falls for 10th Consecutive Month The … [Read more...]
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