The New Year has arrived, and if you’re looking for a house, you might be down to the wire. Should you go all in and purchase now or wait until the spring?
There are multiple things to consider before purchasing a house; location, square footage and style are just three of the many factors. Whether or not to buy a home during the winter or wait until the spring is something to consider, as well.
Here are six reasons why it might be beneficial to buy before the flowers start to bloom.
You Face Less Competition in the Winter
Most Americans look for houses in the spring and buy in the summer. Approximately 50 percent of all homes are sold during the summer months. Why? Well, many people prefer to close on a home purchase and…
For many homeowners, home security is a big part of their daily lives. Who doesn’t want to live in a safe and secure home? However, over the past recent years, the face of home security has changed quite a bit, to the point where some homeowners might feel like they don’t have a grasp on it anymore. Truth be told, there is no need to fret.
Today, we’ll take a look at some timely home security add-ons that homeowners can use to spruce up their modern homes, without sacrificing any aspect of their security.
One of the most challenging aspects of the home-buying process is getting access to financing. Securing a loan can be even more difficult when you’re planning to build a house from the ground up instead of getting a mortgage to purchase an existing property.
If you’re building instead of buying the home of your dreams, here are some things that you’ll need to keep in mind.
1. You’ll Need a Construction Loan
Conventional mortgage loans are issued when there’s a tangible asset that can be used as collateral. If you fall behind on your mortgage payments, the bank can take the house you purchased and sell it to recoup the cost of their investment.
When you’re building a house, on the other hand, the home…
The relationship you have with your real estate agent can set the tone for the entire home buying process. Your agent is supposed to help you find a property you can afford and work with the seller to negotiate the details of the purchase. But problems could arise if you’re on different wavelengths. If you want everything to run smoothly, here are five bad habits to steer clear of.
1. Being Too Nit Picky
Buying a home is a big financial commitment. And even if you want to get the best possible deal, you’ll need to pick your battles. If you’re trying to force the seller to agree to a minor contingency, you could lose sight of the big picture. And you could eventually lose the home you want altogether if the seller decides to…
Overall availability in the Southern Nevada resale housing market continued to tighten through November 2017, which contributed to rising prices.
The single family market posted 1.8 months of effective inventory, while the condo/townhouse segment reported 1.3 months.
Median single family pricing reached $261,500 during the month (+9.0 percent from a year ago), while condo/townhouse prices appreciated 19.9 percent on the year to a new high of $141,500.
The number of trustee deeds (foreclosures) spiked in November largely due to regulatory adjustments.
As 2017 comes to a close, the expectation heading into early-2018 would suggest current trends will prevail as economic and housing fundamentals remain stable.