buying
What Does it Mean When a Home is Under Contract?
When you are looking for a home, you may have seen the words “under contract” or “pending” on a listing. This means that another buyer has made an offer on the home and the seller has accepted it. However, this…
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How to Know If You Are a Good Candidate for a Mortgage Loan
For a first-time buyer, the thought of applying for a mortgage loan can be daunting. Will you qualify? What sort of rate will you get? What type of mortgage should you apply for? Are you even a good candidate in…
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Pre-Approval vs. Pre-Qualification: How Are They Different?
If you’ve done even the smallest amount of research on buying a home, then you’ve likely seen the words “pre-qualified” or “pre-approved” thrown around — especially if you’ve started vetting lenders. Though the two terms might sound quite similar, pre-qualification…
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How to Win a Bidding War on a House
You’ve done your homework and identified the area that you’d like to live, so now comes the fun part — finding your dream home. Attending an open house is a great way to view a home in a casual, low-pressure…
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Inventory Shortage? How to Find a House When Listings are Scarce
A shortage of housing inventory made it difficult for many homebuyers to find a house this year. And according to many experts, next year may be much of the same. As more and more Baby Boomers age in place and…
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Thinking of Buying an Older Property?
Older homes tend to have distinctive design features and small details that usually can’t be found in new properties today. You may, however, notice that older homes require more maintenance and might have outdated systems that need to be replaced.…
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Is This the Year You Stop Renting and Become a Homeowner?
Homeownership comes with lots of perks. You can build wealth, put down roots, and, most importantly, stop throwing cash down the proverbial hole (i.e., your landlord’s pockets!) Unfortunately, there’s a lot that needs to fall in place in order to…
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The Pros and Cons of Buying a New Construction Home
Home construction has picked up steam in recent months, and experts largely expect that continue. Fannie Mae, for example, predicts that housing starts will jump by 6.7% in 2021. The Mortgage Bankers Associations also sees strong single-family construction numbers for…
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Shopping for a Home in One of These Hot Markets? Get Ready for Competition
The hottest housing markets probably aren’t where you think they are. According to the latest data from Realtor.com, America’s home buying hotspots aren’t major metros or huge, urban cities like most of us would assume. For the most part? They’re…
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4 Reasons Fall May Be the Best Time To Buy a House
Fall’s certainly the season for pumpkin-carving, hayrides, and apple cider tasting, but more importantly? It’s also a great time to buy a house. Both the current market and historical trends point to good home-buying conditions for Americans this fall. From…
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