Student loan debt is one of the biggest factors impacting millennials’ ability to purchase a home. According to the National Association of REALTORS® (NAR), 80 percent of millennials do not own a home, and, of that, 83 percent say student loan debt is impacting their ability to buy. Millennials expect to be delayed from home-buying […]
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(TNS)—First-time homebuyers might well wonder: Where are all the starter houses? They’re right to ask, because starter homes are becoming increasingly scarce in many housing markets. Housing inventory is low and home prices are soaring. What’s a first-time buyer to do? Here are five tips for finding a starter home: Be realistic about today’s market. […]
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(TNS)—Buying a foreclosed home is not like the typical home purchase. In many cases, only one real estate agent is involved. The seller wants a preapproval letter from a lender before accepting an offer. There is little, if any, room for negotiation. The home is sold as-is, and it’s up to the buyer to pay […]
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Today’s Ask the Expert column features Dan Steward, president of Pillar To Post Home Inspectors. Q: As summer approaches, what do buyers and sellers need to be aware of? A: With the summer season right around the corner, here are a few critical components that can’t be overlooked by buyers and sellers alike. Insulation is […]
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Are you listing this summer? Get your outdoors in shape—it can pay off. According to National Association of REALTORS® (NAR) research, certain exterior improvements are likely to recoup at resale. Based on feedback from REALTORS®—who, through their experience, know what house hunters are ready to spend on—the best enhancements are lawn care, landscape maintenance and […]
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(TNS)—No matter the age or life stage, everyone makes mistakes when it comes to home-buying. Whether it’s picking the wrong location or buying more house than you can afford, the mistakes are often universal, says Ilyce Glink, author of “100 Questions Every First-Time Home Buyer Should Ask.” “When you’re in your 20s, your life isn’t […]
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Over the last decade, homebuyers have become more tech-savvy, beginning with a simple shift of traditional in-store shopping and REALTOR® office visits to Cyber Monday shopping and searching for house listings online. As the real estate industry continues to grow, consumers have come to adopt, and expect, a self-sufficient, on-demand technology experience, where they have […]
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(TNS)—Even when a seller and buyer agree on a price for a home, the deal can collapse if the property appraises for less than that price. For example, let’s say a seller lists his house for $325,000, the buyer offers $275,000, but they settle on $300,000. A week before closing, the appraisal comes in at […]
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Mold. Radon. Lead. For many homebuyers, these are words that strike fear and introduce uncertainty into a real estate transaction. Depending on how severe the conditions are, they not only may be hazardous to the health of the home dwellers, but also may be deal-killers, as well. So, what’s the best way to manage a […]
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(TNS)— A home inspection is an assessment of a home’s condition. Home inspectors not only identify problems with houses; they can give buyers information that will help them with the upkeep. “We want to teach them how to maintain the property because it’s the biggest investment they’ll ever make,” says Alden E. Gibson, a past […]
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