Mini Jumbo Mortgages—Oxymorons that Make Sense!

We call them oxymorons: terms with built-in contradictions. George Carlin made fun of ‘jumbo shrimp’; Jerry Seinfeld pointed out the unlikelihood of anything being ‘found missing’ or ‘clearly misunderstood.’
But for some local homebuyers, there is more reason to smile than laugh over the new popularity of a formerly miniscule part of the home loan market: …

Continue reading »

First-Time Home Buyers Cut Through Economic Haze

First-time home buyers in 2014 are faced with a question that hasn’t changed for generations: is it more practical to buy right now, or to continue to rent?
Over the past few years, buying has been the easy choice. Nationally, in 2013 it cost 35% less to own a home than to rent according to that …

Continue reading »

Five Useful To-do’s After Buying a Home

Buying a home in town is sort of a modern day adventure. At first there’s the intrigue of figuring out the advantages and disadvantages between the neighborhoods and listings competing for your attention; then there are all the challenging, sometimes exhausting—then, ultimately, exhilarating steps that lead to home ownership.
But even after the previous owner has …

Continue reading »

A Home Inspection: Time to Get Under the Hood!

Congratulations! Your offer has been accepted and you are officially in escrow. Now what?  Usually the first order of business is to arrange your local home inspection. When you were house hunting, you were weighing so many factors it was next to impossible to thoroughly examination of every nook and corner of every one of …

Continue reading »

Credit Score Vigilance Rewards Future Homeowners

Your credit score will have a major impact when it comes to the cost you wind up paying for a local mortgage. A buyer with a high credit score of 750 or above will qualify for the most competitive interest rates available; but today’s tightened lending standards mean that some borrowers with scores under 600 …

Continue reading »

Contingency Strategy for Low-Risk Foreclosure Investors

Despite the winter’s chilling effect on all sorts of sales, February saw single family homes, condominiums and townhomes selling nationwide at a full 7% increase over a year earlier. The opposite is true of foreclosures—no surprise, since the health of the market means fewer serious borrower delinquencies, hence fewer foreclosures.
Even so, local foreclosures are still …

Continue reading »

Simple Tips for Renewal (Without Breaking the Bank!)

With spring in the air, you don’t have to have your home for sale to catch the spring cleaning bug. Whether or not you’ve been cooped up inside for a longer-than-usual siege of the wintertime blues, as soon as the weather turns the corner, there seems to be a natural urge to open the windows …

Continue reading »

Lender Fears Quelled via Mortgage Insurance

Many of the area’s would-be first time home buyers are stopped short when they come up against the need to raise the initial deposit. But just because you don’t have a hefty down payment, it needn’t mean you can’t own your own home. You can still purchase a house with less than a 20% down …

Continue reading »

Real Estate Sales Depend on Preventing Common Missteps

The slick, entertaining formats of HGTV’s many buying and selling programs makes for great entertainment – but, as anyone who has ever actually bought or sold a house knows, they tend to leave some key information on the cutting room floor. Sure, real estate sales in town can in fact involve elements of creativity, presentation, …

Continue reading »

Investors Watch Millennials’ Tilt to Apartment Lifestyle

Real estate investors come from every kind of background, but all share a common trait: they like to think ahead. For that reason, investors eyeing local apartment building prospects may want to take a close look at what’s going on with the Millennial generation.
For those of us who are a bit uncertain about which group …

Continue reading »

Older posts «