Professional home inspections are intended to provide peace of mind for prospective buyers by ensuring the structure is sound and that it will need no significant repairs soon after the sale closes. Prospective buyers have three inspection options: Add an inspection contingency to the offer. If a significant problem is found that the seller chooses … Read more
The inventory of homes for sale grew in May, with more new listings entering the market than in any other month since June 2019. Despite the increase in inventory, typical housing costs are expensive and fast-paced. The median home asking price is at a new all-time high of almost $447,000. Sellers are fueling the turnaround … Read more
FICO scores, commonly called credit scores, are a statistical gauge of an individual’s ability to repay a loan. Your credit score is a key consideration in any loan process. It is the primary factor lenders use to determine how much they will loan a borrower and the interest rate. In some instances, a low credit … Read more
Whether the real estate market is hot or cold, prospective homebuyers need the guidance of a real estate professional. Together you can create a homebuying plan that will help you avoid selecting the wrong home and keep you from spending more than necessary. Sometimes, the excitement and frustrations created by the competition for buying a … Read more
With real estate prices rising faster than rents in some markets, investors need to weigh forecasted income for long-term rentals against what they must pay for the property. Investors hoping to turn a house or condo into a viable long-term rental (LTR) may have trouble charging rent that covers their investment and generates a return … Read more