A buyers market in real estate means that you, as the buyer, have lots of choice and the ability to negotiate. And let’s be honest, the last time it was a buyers market…well, we don’t even remember. Is it a buyers market right now? Let’s take a look at the current real estate market to see if buyers should be encouraged.
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“Buyers Market | Is it a Buyers Market Right Now?”
If you want to use a VA loan for second home, there are a few factors you will need to consider. To be honest, there are more than a few factors. On the plus side, it is possible to get a second home with a VA loan guarantee. On the minus side, it’s not as straightforward as you might hope. That’s because the VA loan program is designed primarily for one thing: to help active military service members and veterans afford a home. And it’s very, very good at that – one of the best government programs for housing. If you want it to do two things, such as purchasing multiple houses, it is less clear. That’s Ok if you don’t mind doing a little homework (pun intended).
Read More “Using a VA Loan for Second Home | Save with Homes for Heroes”
Homeownership is the goal for many of us. There is the nuts-and-bolts side of the journey which involves finances, the mortgage loan (and all that goes with it), and the actual work of operating a household. There is also the personal development side that requires careful planning, diligence, and a willingness to learn. Let’s explore the essential steps to prepare for first time home ownership, the buying process itself, and the ongoing work required to maintain a home and budget.
Read More “Homeownership | 27 Tips to First Time Home Ownership”
How to choose a real estate agent may seem like a simple question, but it’s really two questions. First, we will look at how to find a real estate agent using the tools that are out there. Second, we will look at finding the right fit between you and an agent.
Your VA loan statement of service letter is vital to starting the VA loan process if you are an active service member, a reservist or a member of the National Guard. It is literally one of the first documents you need to put together, and it’s not always easy. It can take some work on your part and the availability of your commanding officer to get this thing done. Fortunately, there are some shortcuts.
As 2023 kicks off, the question many would-be home buyers are asking is will mortgage rates and home prices shift in their favor? So the really important question is when will housing become a buyer’s market? The answer is “now.” if you can be ready to strike while the iron is hot.
If you are a military first time home buyer, it can be difficult to know where to begin. Should you start searching online listings, or call a real estate agent, or start watching HGTV or investigate mortgage options? The good news is: you don’t have to know everything about this entire process, and some of the resources
Read More “Military First Time Home Buyer | 5 Helpful Tips and 3 Resources to Save You Money”
The answer to the question “should I buy a house in 2023?” is another question: Can you ignore the forecasts? If you can ignore the industry experts, and the numbers, and go back to the fundamentals of why a person buys a house; 2023 might be a good time to make the jump. If you are waiting for the numbers to support your decision, there’s good news and bad news on whether you should buy a house in 2023.
The tax benefits of owning a home can be a tipping point for you if you are on the edge of deciding to begin hunting for a new home. If you are a first time home buyer, some of these deductions and tax credits will surprise you. If you are a long-time homeowner, you know that a new home mortgage can help you with your tax burden for years. And if you’re a seller, there’s something in the tax laws for you too. Here we cover two main tax benefits of owning a home: tax credits and tax deductions.
Read More “Tax Benefits of Owning a Home | Potential Home Purchase Tax Deductions”
A new home budget can be sobering. You’re in your new house, you went through all the financial anxiety of getting approved for a loan, making offers, making counter-offers and sitting through the final closing. Now that you’ve got your new home, the reality of creating a new monthly household budget is setting in. Don’t panic. You certainly have some new expenses, and if this is your first home, a lot of expenses will be totally new. Don’t let them intimidate you. We can help.
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