When you buy a house, a home inspection is highly recommended. You aren’t just buying a high-end kitchen, or cozy family room with a fieldstone fireplace, you are also buying any problems lurking behind the walls. The home inspector will look at structural issues and other potential problems that could make the home a bad investment. After the inspection is completed, you usually have about 10 days to pull out of the sale.Continue reading “How to negotiate the buying price of a home after inspection”
If you’ve been paying attention to the real estate trends, you may have heard the Millennials just aren’t buying homes at the same rate as their previous generations. Aside from the simple fact that it’s just not affordable for most, many site reasons like high student debt and low loan availability. Studies show that only 37% of millennials owned homes in 2015 – that’s 8% lower than Gen Xers and Baby Boomers at the same age.Continue reading “Advice from Millennials on How to Buy a House in Your 20s”
Odds are that your home is the single most valuable investment that you own and the largest line item on your monthly budget. So, it only makes sense that you’d want to make sure it’s protected. What’s surprising is that many homeowners never think twice about their homeowner’s insurance policy, let alone read and understand it. They know how much it costs each year but probably couldn’t tell you what’s covered and the limits. BUT, knowing what is covered and what’s not can make all the difference when disaster strikes. Continue reading “Homeowner’s Insurance 101 – What you need to know”
Emergency fund, rainy day fund, whatever you call it, it’s important to know how much money you should have set aside in case something unexpected happens. While it may be somewhat of a moving target – the golden rule has always been to have at least 3 to 6 months’ worth of expenses saved up – 6 months especially if you have a family. Continue reading “Emergency funds and how much is enough for your family”
You’re ready to realize your dream of homeownership. You spotted the perfect neighborhood, the one with the tree-lined streets, tidy houses, and well-manicured lawns. The next step is to get a mortgage. It can become overwhelming very quickly! Take a deep breath and relax – although there is a fair amount to do – we can get you through the process fairly pain free!
Here are 5 tips to help you secure your first mortgage and make the process easier.