The housing market has been through many ups and downs during the past 12 months. Now, buyers are facing a unique challenge as they try to find the right house in the perfect seller’s market. Right now, real estate is extremely competitive, as low inventory has continued for several months. As mortgage rates remain low, more people are looking for homes, increasing the competition. Some people are reluctant to sell because they know they will face the same challenges of trying to find a new home themselves. As a result, the housing market has record-low inventory making it difficult for … [Read more...]
What To Consider When Buying A Fixer-Upper
In your imagination it seems like a great idea - you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you? One of the main advantages of buying a fixer-upper … [Read more...]
What To Consider When Buying A Fixer-Upper
In your imagination it seems like a great idea - you purchase an older run-down property and you have the chance to fix it up and turn it into the home of your dreams. To Renovate, Or Not To Renovate However, the renovation project that is simply a quick montage in your imagination will actually take several months or years and thousands of dollars in real life. The concept of renovating a "fixer-upper" property is exciting, but the reality is a lot of work and investment. How can you make sure that you are making the right choice for you? One of the main advantages of buying a fixer-upper … [Read more...]
The Three R’s Of Fixing Historic Homes For Sale
If you enjoy history and fixing things, then it may be hard to drive by historic homes for sale without feeling the urge to buy one and fix it up. Before you do, you need learn the three R's of fixing up historic homes and the differences between them. The three R's of fixing up historic homes are restoration, renovation and repair. Some of the differences are minor, but they can make all the difference in cost, time and problems. Restoration "Restoration" literally means returning something to its original state. Restoring historic homes for sale involve city and state … [Read more...]
Ready To Buy Your First Home, Here Is Your Quick Checklist
Buying your first home is a major milestone in your life, similar to graduating high school or moving out of your parent's house. When you buy a property, you are making a long-term investment decision in your future and potentially taking the first step toward your future financial security. However, buying a house before you are ready can actually be a negative move that puts a cramp in your plans. It is important to assess where you are in life, so that you know whether or not it's the right time to buy a house. Some people buy their first home at 21, others at 30 and some might continue to … [Read more...]