How much should I budget for property taxes and insurance? The cost of taxes and insurance will depend on your location, value of your home and type of insurance coverage. Property taxes are set by local governments, with rates available online or at the town/city offices. Insurance providers will give… Read Full Article Share FacebookTwitterLinkedIn
What is a buyer’s market? A buyer’s market is when there is more supply than demand. With more real estate inventory and not enough interested buyers, homes typically stay on the market for longer and sell for less. Read Full Article Share FacebookTwitterLinkedIn
What is a seller’s market? A seller’s market is what happens when demand exceeds supply. This means there are more people interested in buying homes than selling. When real estate inventory is low, prices are typically higher. Read Full Article Share FacebookTwitterLinkedIn
What factors should I consider when selecting a neighborhood? Everyone values different characteristics of a neighborhood. Regardless of what’s most important to you, the decision is an important one. To help get you started, consider these factors: Neighborhood safety, proximity to necessities, schooling and what your commute to work… Read Full Article Share FacebookTwitterLinkedIn
Should I buy before I sell? For many people, buying a home before selling one that they already have a mortgage on is not ideal. The best course of action will depend on your personal circumstances, specifically your finances. The real estate market also plays a… Read Full Article Share FacebookTwitterLinkedIn
What is an appraisal gap clause? If a buyer agrees to pay more for a home than it appraises for, the appraisal gap clause is their way out of the sale contract without losing earnest money. The difference between the two figures can be bridged with… Read Full Article Share FacebookTwitterLinkedIn