Before you even begin shopping for a home or a mortgage, first you need to review your financial situation by assessing factors such as the amount of money that you make, spend, and owe each month. To do a complete Read more…
An adjustable-rate mortgage (ARM) has an interest rate that can change at certain points throughout the term of the loan. Most ARMs offer a fixed rate for a certain period of time (3, 5, 7, or 10 years), after which Read more…
Interest rates rise and fall over time. A fixed-rate mortgage protects you from such fluctuations by locking you into a permanent interest rate when you take on the mortgage. The following table shows the main advantages and disadvantages of fixed-rate Read more…
A mortgage is a loan that a prospective property owner uses to cover the purchase price of real estate property. Mortgages make it possible for you to buy a home or other real estate property without having to pay the Read more…
Marketing is the process of advertising and showing your home in order to attract buyers. If you’re working with a real estate agent, he or she will likely handle the marketing for you, though most agents welcome additional help if Read more…
Pricing a home effectively is perhaps the most important step you can take toward selling your home quickly and at a satisfactory price. Unlike an ounce of gold, a home doesn’t have a fixed value; rather, its value is defined Read more…
There are three steps you should take before putting your home up for sale: 1. Have your home inspected by a professional. 2. Make necessary repairs and upgrades. 3. Improve your home’s appearance, inside and out. Have Your Home Inspected Read more…
Before you set out to hire a real estate agent, it’s essential to know how the relationship among agents, home sellers, and prospective buyers works in your state. Generally, there are three different kinds of agents: Seller’s agent: Also known Read more…
A real estate agent is a trained professional who manages the selling of your home from start to finish. Most real estate agents earn a commission of about 3% of the sale price in exchange for their services. Though most Read more…
When putting a home on the market, it’s important to consider three factors that determine the best time to sell: The most favorable times of the year in which to sell The state of the real estate market in your Read more…