Buying a foreclosed home is easy, right? After all, they sell for pennies on the dollar, right? Well, that could be a false assumption. Buying a foreclosed property appears easy on TV, but in reality, it can be overwhelming. Foreclosure sales continue to decline in the market from 38.6 percent in 2011 to 14 percent in 2017 but ticking up a bit in 2018 according to Attom Data Solutions, a national property data company. As foreclosure sales drop, competition for these properties become … [Read more...]
5 Strategies Millennials Can Use To Buy Homes
Millennials face numerous challenges when buying their first homes. 55% of young adults between 25 and 34 years old don't own homes as compared to 80% in 1967, according to data from the Census Bureau. Buying a home is tough with the $1.4 trillion student loan debt, growing childcare expenses and rising rental costs. However, hope is not lost. Millennials can realize the quintessential dream of owning a home. Millennials can employ several strategies to plan for home ownership … [Read more...]
Best Things To Do Now To Get Your Finances Mortgage Ready
You probably already know that qualifying for a mortgage can be the biggest hurdle -- aside from actually finding that dream property -- along the path to home ownership. Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream. Take A Close Look At Your Budget If you don't currently operate with a comprehensive household budget, get started now to analyze your income and monitor your spending habits. There's no better way to … [Read more...]
Mistakes Seasoned Home Buyers Often Make
It's not uncommon today to move several times during adulthood, whether across town or across the country. Seasoned home buyers have been through the real estate process, often more than once. However, even if the home purchase has become routine, there are mistakes that can be avoided. Stuck In The Past The real estate market doesn't stand still. It cycles and shifts, which is why it's often recommended to rely on a real estate professional for an understanding of the current market. Home … [Read more...]