Many factors affect the life expectancy of housing components and need to be considered when making replacement decisions, including the quality of the components, the quality of their installation, their level of maintenance, weather and climatic conditions, and intensity of their use. Some components remain functional but become obsolete because of changing styles and tastes […]
While the media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac), a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the […]
The short answer is NO… this assuming you don’t live in New Jersey, didn’t add an attorney review or your own “cooling-off” period clause into your contract (from the sound of it you did not… and chances are if had the seller would not have accepted your offer). Buyers and sellers often errantly believe that […]
Buying a new home entails an entirely different set of issues than buying a pre-owned (existing) home. You have access to more information on the building materials and systems than you do on existing construction and as a subsequent buyer, but unknowns lurk, including: What will the completed neighborhood look like? Will it include all […]
With spring comes change. Time to change your wardrobe, your flower beds and, potentially, the way you live and your housing situation. As the home shopping season heats up, we’re again compelled to tackle the classic housing question: To buy or to rent? The decision whether to buy a home is difficult. It’s not just […]
You’ve seen the TV shows: Individual finds a foreclosed home in the best neighborhood in town, scoops up said property for a steal, fixes it up, and sells it for a significant profit. What those DIY and home improvement shows don’t necessarily show you is just how tough flipping houses for a profit can actually be. But […]
When you’re house hunting, finding an amazing house in your location of choice that is turn key and doesn’t require much additional investment seems like a major score. But is it really? Before making an offer on that picture-perfect home, take a look at the surrounding houses. If they’re all in disrepair—or fall far short of the one you’re […]
A little detective work can reveal a lot about a property’s history, and could save you from unexpected surprises later. If you’re buying a home, it’s a good idea to request a C.L.U.E. report at the time you make your initial offer. If there’s been serious damage and/or insurance related repairs to the house, you’ll not […]
Click here or image above to play video https://youtu.be/siTPLLX9wPc Since its launch in 2006, Zillow has taken heat over its Zestimates. Many homeowners have complained that the company’s automated home valuations don’t accurately reflect the true value of their homes. A formal complaint was also filed with the Federal Trade Commission alleging Zillow is misleading […]
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