A Killer House Bidding Strategy: Think like a Seller

With sky high rents and rock bottom interest rates, it seems the perfect time to buy. But there’s a problem: not a whole lot of houses to go around. It’s not uncommon for a seller to list a home on Friday morning and, by Sunday night, have a pile of offers to sort through. So…

Say What? Home Buying Lingo You Should Know

DTI, PMI, LTV … TBH, it can be hard to keep all this stuff straight. Designed to help you shine, this lexicon of real estate terms and acronyms will help you speak the language like a pro. Appraisal management company (AMC): An institution operated independently of a lender that, once notified by a lender, orders…

Up-and-Coming Neighborhoods: Before You Buy

You’ve got your eye on an older neighborhood that needs a little love. You can tell, just by looking at the architecture, that the place must have been completely dreamy when the first residents moved in. Now, not so much. There’s word on the street that things are changing. Some young couples are moving in,…

Why Co-Buying a House Requires Baby Steps

It’s been a minute since you moved into your apartment. And you’re so over it. The time seems right to buy a home. You’ve been toying with the idea of co-buying … with a friend, maybe your SO or both. There are clear advantages to co-buying. Pooling incomes allows you to shop in a higher…

Killing It at a Home Auction

You could go the traditional route and purchase a home with the help of a real estate agent. But you’ve been hearing the buzz about real estate auctions and the bomb deals to be had. Sounds like a super-smart way for a first-time home buyer to save money, right? Before you hop online or head…

Calling It Quits: How to Back out of a Home Contract

If you’ve landed here, you may be at the tail-end of a real estate transaction. Something has changed, you’re having doubts and now thinking, “Can I back out of buying this house?” The answer is yes … in certain circumstances. A Buyer’s Best Friend: Contingencies While it’s true that the seller is required to disclose…

How to Use Other People’s Money to Pay Your Mortgage. Really.

You weren’t afraid of the mortgage payment when you bought the home, but still. It would be nice to stuff some of that cash back in your pocket. Good news: It’s actually pretty easy to offset or even get your mortgaged paid entirely. Ready to buy a home, live mortgage free or even make money…

Signed, Sealed, Delivered: Home Loan Paperwork

You’re going to be reviewing and signing a lot of paperwork in the days leading up to and during closing. Most of the documents you sign at closing are related to your loan and will vary, depending on loan type, property type, property size (single unit or more than one unit), property purpose (home or…

A Condo, House or Townhouse. Making the Right Choice

Condo, house or townhouse: What home type is best for you? A single-family home gives you more independence, but also comes with greater responsibility. A condo or townhouse offers amenities and frees you from snow removal, lawn care and outside maintenance. To make a smart decision, weigh the following factors before you go home shopping….

Buying a Home for the Here and Now or Five Years from Now

Loan pre-approval: done. Agreement with the real estate agent: signed. Home search: about to happen. A few things may be running through your mind right now: “Should I buy for who and where I am right now? Or should I buy a home that will accommodate kids, a home-based business or whatever else may come…