Most people who have been on the market for a home are familiar with what the term 'mortgage' means, but many have not heard of a reverse mortgage and aren't aware of how this product can benefit them. If you're nearing retirement and are contemplating a new home or even relocation to another community, here are the details on a reverse mortgage and how this option may benefit you. What Is A Reverse Mortgage? While many homeowners may not have the net worth to be able to buy another home without selling their current one, a reverse mortgage enables the buyer to borrow money against the value … [Read More...]
Fail to complete these renovations before selling your condo and you may be missing out on huge profit gain! Don't sell yourself short, tackle these reno projects before your home hits the market to maximize offers. #1: Is It Time To Paint? Painting is one of the most cost effective ways to make a property look newer, bigger, and brighter. Scuff marks and scratches are one of the most common types of wear-and-tear, but they're also a huge turn-off to buyers, which makes this easy renovation is a no-brainer. Choose paint colors that are neutral to ensure that they're adaptable to the wide … [Read More...]
Selling a home, especially one with sentimental value, is never an easy decision to make. There are many factors that go into determining if the home is ready to be listed and if the seller is actually ready to part with it. Answering some simple questions can go a long way to help an owner decide whether or not it's time to try and sell. How Much Work Does The Home Require? Some houses and condos are ready to hit the market immediately, but others have serious problems that would need to be disclosed to interested parties. It may not be wise to try and sell until all major issues are … [Read More...]
Last week's economic reports included readings on pending home sales, construction spending and consumer sentiment. Case-Shiller Home Price Indices for June were released, along with several labor-related reports including national unemployment, ADP Payrolls and Non-Farm Payrolls were also released along with weekly readings on new jobless claims and Freddie Mac's survey of average mortgage rates. Case-Shiller: Home Price Growth Holds Steady in June According to the Case-Shiller 20-City Home Price Index for June, average national home prices held steady with a seasonally adjusted annual growth … [Read More...]
Many people dream of buying their ideal retirement home after their career has come to a conclusion - with all that extra free time it seems like it'd be the most logical time to shop around. However, many real estate professionals strongly recommend that their clients find a retirement property before they're off the payroll. While it may seem like a big time commitment to find a new home while you're still busy with your work there are several significant financial benefits to purchasing your retirement home before you actually do retire. Here are our top reasons why. It Makes Your Mortgage … [Read More...]
New homes can be scary. But when you take the time to think about it, and plan ahead, maintaining a home is easier than you think a manageable mix of experience and common sense. Here are five skills that will help maintain your new home for years to come. Fixing A Toilet It's not as daunting as it sounds. Just remember that toilets work with gravity the water wants to flow freely. Don't be afraid to open that tank up and adjust the floater and valves as needed. Occasionally run the water (flush the toilet, turn on the sink) in unused rooms, like the guest bathroom, to keep the pipes clear and … [Read More...]
