5 Homebuying Acronyms You Need to Know
Learning the lingo of homebuying is an important part of feeling successful when buying a home.
From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
Your local ...
Posted by Missy Ashcraft on October 11, 2019 in Buying a Home
The Cost of Waiting Until Next Year to Buy
The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
Freddie Mac forecasts interest rates will rise to 3....
Posted by Missy Ashcraft on October 4, 2019 in Buying a Home
Homeowners Are Happy! Renters? Not So Much.
When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.
Posted by Missy Ashcraft on October 3, 2019 in Buying a Home
Are You Ready for the ‘Black Friday’ of Real Estate?
Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of ...
Posted by Missy Ashcraft on October 2, 2019 in Buying a Home
One of the Top Reasons to Own a Home
One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each ...
Posted by Missy Ashcraft on September 26, 2019 in Buying a Home
What Buyers Need to Know About HOAs
When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you.
According to a recent article ...
Posted by Missy Ashcraft on September 25, 2019 in Buying a Home
Things to Avoid After Applying for a Mortgage
Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any ...
Posted by Missy Ashcraft on September 23, 2019 in Buying a Home
The Post-Inspection Negotiation Two-Step: What You Can Expect
Inspections are an important part of the home-selling process. The home inspector will locate any potential problems with the property, making sure that all involved know what’s wrong and what needs to be fixed. What happens then, though? ...
Posted by Missy Ashcraft on September 3, 2019 in Buying a Home
What To Expect in an Inspection
Know What to Expect at Your Home Inspection
So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection.
Posted by Missy Ashcraft on June 27, 2019 in Buying a Home
What You Need to Know About PMI.
Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can ...
Posted by Missy Ashcraft on June 23, 2019 in Buying a Home
With Inventory Low: Will Your Dream Home Need Some TLC?
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider ...
Posted by Missy Ashcraft on April 30, 2019 in Buying a Home
Selling Your House: Here’s Why You Need A Pro In Your Corner!
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.
Real estate agents are trained and ...
Posted by Missy Ashcraft on April 29, 2019 in Buying a Home
3 Questions You Need To Ask Before Buying A Home
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate ...
Posted by Missy Ashcraft on April 19, 2019 in Buying a Home
Slaying the Largest Homebuying Myths Today
The average down payment for first-time homebuyers is only 6%!
Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate!
88% of property managers raised their rents in the last 12 ...
Posted by Missy Ashcraft on April 18, 2019 in Buying a Home
What to Consider When Choosing Your Home To Retire In
As more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home ...
Posted by Missy Ashcraft on April 11, 2019 in Buying a Home
Looking to Upgrade Your Current Home? Now’s the Time to Move-Up!
In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for ...
Posted by Missy Ashcraft on April 9, 2019 in Buying a Home
10 Steps to Buying a Home
If you are thinking of buying a home, you may not know where to start.
Here is a simple list of 10 steps that you will go through to purchase a home.
Make sure to ask your agent for details about each step and what else may be ...
Posted by Missy Ashcraft on April 4, 2019 in Buying a Home