Buying a House? Now Might Be The Time

I was reading a Yahoo! Finance story this morning about housing prices and saw that for the first time in a long time, prices might be falling. Are you looking for a house? Now might be the perfect time.

HouseinaBox

What’s happening with the housing market?

Let’s talk first about the market. You definitely don’t want to buy a home when the market is hot….and the trend is in a seller’s favor. But if   Continue reading this post >

Daily ProsperiTIP

Hire a qualified home inspector before you purchase a home. Any seasoned realtor will strongly advise this, but I’ve witnessed people working without a professional who skip this step to save a few dollars.

Don’t make that mistake.

When my husband and I were searching for our first home, we fell in love with a sweet little house. During the inspection it was revealed that its foundation was completely collapsing!

A house could be filled with mold, have water damage, leaky pipes, a   Continue reading this post >

From the Mailbag

I’m thinking of buying my first home! One quick question: how do I decide between a 15 and 30 year loan?

Gary

Congratulations, Gary! That’s a big step, and I’m happy to help you with this huge question. For most people, taking on a mortgage is the largest debt they’ll ever owe. It’s important to do it right.

I’ve noticed some advisors like one type of mortgage better than another. I think each type exists for a specific reason. Unfortunately, this means I   Continue reading this post >

From the Mailbag

I want to sell my house. With all of the foreclosures, is this actually a good time to be in the real estate market?
-Sherry

This is a tough question Sherry. Sadly,  there isn’t a great answer. If someone absolutely loves your home, they may overpay, even in this economy.  Wouldn’t that be great?

I will give you three points to consider when deciding whether to sell in this market:

  1. Are you upgrading to a larger/more expensive home or downsizing? Here’s why this is   Continue reading this post >