A common part of a real estate transaction is for a purchaser to hire a professional to conduct a home inspection. Most all contracts are made contingent upon an inspection period to allow for the buyers to do their due diligence to inspect all aspects of the property. There’s a lot to be said about…
In some real estate markets, it’s not uncommon for the sellers of a home to receive multiple offers. Or even in some slower markets, a home’s price or condition may be so exceptional that there are several purchasers clamoring for the chance to own the property. When this scenario presents itself, a different strategy may…
Did you know that your mortgage payment can change each year? Although your principal and interest (on a fixed rate mortgage) are locked in, your actual mortgage payment can possibly fluctuate up or down based on two variables; taxes and insurance. Each year your tax assessment is likely to adjust to the market, but it’s…
When you’re in the market to buy a home there are several expenses to consider. Often times, potential buyers will focus on the purchase price and upfront costs. While it’s important to consider both of those expenses, it’s also necessary to consider the monthly costs of owning a home. Some of the costs will be…
College graduates this year are the most indebted class of students yet. According to a recent article in the Wall Street Journal, the average student will graduate with just over $35,000 of student loan debt. Just ten years ago it was approximately $20,000. Additionally, starting wages have increased, but if you adjust for inflation it’s…
Purchasing real estate is one of the best long term investments you can make. Regardless of age, marital status, or socioeconomics, it’s worth your consideration. Although the stereotypical first time home buyer is believed to be a young couple with a baby on the way, more and more single people are contemplating home ownership. If it’s…