In real estate slang, a ‘fixer upper’ house is one that, although it can be inhabited as it is, it does need to have various features fixed. It may also require maintenance work, such as redesign, redecoration or even partial reconstruction. It’s usually quite a dream for anybody interested in real estate, as it can […]
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What Everybody Ought to Know About Metal Building Homes
The Rise of Metal Building Homes For the longest period, humanity’s preferred choices when it came to building houses were wood, bricks, soil, glass and steel later on, and more recently, metal. Actually, more recently refers solely to residential buildings, as human kind has been using metal for other types of buildings for quite a […]
What Is a Home Inspection and Do You Need One?
As a prospective home buyer, the answer to this question should definitely be ‘yes’. The reason is that you must try to minimize any surprises the house you are about to purchase might have in store for you. Mold, loose floor boards, ants, and so on need to be discovered and checked in due time […]
Buying a House – Closing Costs 101
If there is something every house buyer is interested in, then those are the closing costs. Evidently, every house-buyer wants to know as much as he can about the property, the sellers, the lenders, if they’re going for a loan, but the ultimate question is definitely – how much will the closing costs be? If […]
3 Tips for Picking the Right Mortgage Broker
What would you choose: working with a mortgage broker, or a mortgage lender? In both scenarios, you’ll be working with a person (a “mortgage banker” or “loan officer” if you opt for working directly with the bank). And, as Mark Greene expertly writes for Forbes, you’ll be dealing with a salesperson. The job of all […]
What Is a Short Sale in Real Estate?
If you’re asking yourself “what is short sale in real estate”, we can only hope you’re considering it from a buyer’s perspective. For a seller, the short sale definition basically describes a scenario that’s only one step above a foreclosure. We’ve covered the answer to the question “what is a short sale” before on this […]
The Best Time to Buy a House, Finally Revealed by Science!
When is the best time to buy a house? Research has a simple answer to that question: Monday, October 8. The next Monday with this date, as Business Insider points out, will fall in 2018, so you still have plenty of time to save up money. According to RealtyTrac and the 32 million home and […]
Does an Interest Only Mortgage Really Work for the First-Time Home Buyer?
An interest-only mortgage is a type of home loan with a term during which the borrower, or mortgagor, only has to pay a generally constant amount that goes toward covering the interest. The principal of the loan remains untouched throughout the duration of the term. However, this term cannot last indefinitely—at the end, the mortgagor […]