Time For Some Real Estate Myth-Busting 101
“I have a friend who’s a real estate agent, and they told me you should ALWAYS _______. ” Go ahead. Fill in the blank. We’ve all heard plenty of ‘facts’ about what to do, or not do, when it comes to buying and selling real estate. Some are very true, some not so much – […]
Renting Really Is Twice As Expensive As Buying
The stats are really quite simple. On average, homebuyers with median income who purchase the typical home spend 15.3% of their income on their monthly house payment. In contrast, renters spend 29.9% of their monthly income on rent. (Data source: Zillow, 12/9/14 article.) Those are pretty impressive numbers, or make that ‘distressing’ if you’re renting. […]
5 Reasons Why It Makes Sense to Buy a Home Now
Many of the critical factors for a recovery in housing prices are in place. The drop in housing prices, coupled with the current low mortgage interest rates has brought affordability back into alignment with historical ranges in most markets. Unemployment levels appear to have bottomed out, and a growing number of real estate economic indicators […]
Is it possible to obtain home financing after short sale or a foreclosure?
As Realtors, one of the first things we do is make sure the buyer in our car has the ‘ability’ to buy: either they have cash funds to purchase, or they need financing. Buyers who’ve had a short sale or a foreclosure often think it’s the end of the road for them…. that due to their impaired […]
Buy a house TODAY !!
Wow! What a time to buy a house! Do you realize that today’s interest rates are below 5%? This is an incredible time to buy! If you’re renting for $1,000 per month, at today’s rates, you could spend that same $1,000 on OWNING a $200,000 home. Call New Home Resource today and let us help […]
To buy or not to buy a Foreclosure
NOW is the time to take advantage of the Foreclosure market!! As most of us are very much aware, property foreclosures are on the rise across the nation, presenting significant financial opportunities for investors real estate, first time home buyers, and those looking to move up within the real estate market. A foreclosed […]