The term “value” can take many forms, and when buying and/or selling a home it’s important to understand all of them. There are five distinct ways to classify value. Although there are dictionary definitions for each, they are best understood through real-world examples. 1. Market value is the amount that a particular home is worth to a particular buyer. The Uniform […]
The Good Funds Law went into effect on April 6, 2017 amending Section 1349.21 of the Ohio Revised Code to require stricter controls for all residential real estate transactions involving the sale, purchase, or refinance of such real estate. The law was passed as an attempt to combat and thwart ramped-up, and increasingly advanced fraudulent […]
A rate lock is a guarantee from a mortgage lender that they will give a mortgage loan applicant a certain interest rate, at a certain price, for a specific period of time. A rate lock protects the borrower from rising interest rates: So, if the borrower locks in a rate of 4%, s/he will only […]
After examining data on 2,754 municipalities across the country, Business Insider put together a list of America’s 50 best suburbs. They considered suburbs with populations between 5,000 and 100,000 within 40 kilometers of the nearest metropolitan area. They also factored in average commute times, median household income, poverty and crime rates, public-school ratings from GreatSchools.org, […]
So you finally got through all of the loan documents, closed on your property, and got the keys to your new house… what do you do next? The home buying process can be an intensive and overwhelming experience and in a continued effort to be of service to our clients we’ve prepared a short list to ease your transition […]
When you take out a mortgage, whether it be to purchase or refinance a home, you must pay closing costs. These costs can vary and it’s important to know which costs are negotiable. There are fees that must be paid to the lender, those that must be paid to third parties (such as title/escrow and insurance), and […]
You want to buy your own home or perhaps you’re a move up buyer looking to climb the property ladder and purchase a larger home. But there’s just one problem: You don’t have the cash for a 20% down payment. What should you do? First, let’s assess your current situation: Are you a first-time homebuyer? Or […]
America is, by and large, a nation of homeowners. Though more than 100 million Americans rent, they’re outnumbered two-to-one by Americans who own their own home, according to data from the U.S. Census.. Ask the 64% of Americans who currently own homes why they made the decision to stop renting. They will describe the personal […]
There are many economic variables to consider when selling your home, even more so when selling a home when interest rates are rising. If rising mortgage rates is the only changing economic variable, you’re generally going to see a negative impact on both home sales and home prices. This means as mortgage interest rates rise, […]
Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. When you refinance or sell your home, the lender involved will insist that an appraisal be performed. An appraisal is the process of valuing real property and is simply an opinion of the market value of your home based on […]
Follow Us
Follow Us
Copyright © 2024 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design
by Dakno Marketing.
