Considering paying cash for your dream home? So are more and more people. The number of all-cash deals has risen 25 percent from a year ago, making up 30 percent of May 2011 home sales, according to the National Association of Realtors. These all-cash buyers are typically either trading down for retirement, investors or wealthy folks. Learn the pros and cons of paying cash for a home, and where this is an option for you.
Tag: house buying
Your home may be your castle, but when it comes time to sell it, you have to learn to emotionally detach yourself from it. Otherwise, you may be stuck wondering why potential buyers are walking away and deals are falling apart. Certified Financial Planner, Rick Kahler, explains how to detach yourself emotionally and make the sale happen.
Since the housing bubble burst more than two years ago, families all across America have been holding onto to their houses. Many who considered selling decided to wait, which is good because many who considered buying decided to wait, too. But there are some indications the real estate market is beginning to recover. Depending on where you live, now may be a good time to think about buying (or selling) a home.
Though the United States is grinding its way through a slow economic recovery, many parts of the country are still experiencing high unemployment and low housing prices. Experts are concerned that some of the hardest-hit areas have not yet bottomed out in terms of real estate prices. News like that is preventing many would-be buyers from shopping for a new home. Those same experts, however, acknowledge that there is one region in particular that didn’t suffer the same dramatic setbacks as the rest of the country. Find out what that area is and why it’s a hot home buying market.
For a few years now, many of us have been trying to decide if it’s the right time yet to invest in a home. On the one hand, we want to wait until the economy is in a little bit better shape and our own employment is a little bit more secure. On the other hand, we want to take advantage of getting the best price on a home and we know that we must be near the housing market price bottom. So, what do you think, is 2011 the year that we should invest in property?
Get the inside scoop from a mortgage industry veteran about buying a home and what you should do – and what you shouldn’t – to ensure a smooth and quick mortgage experience.
The current economic crisis and housing bust have reignited the debate over whether people are better off renting or buying a home. Just a few years ago, the general consensus was: “Why rent when you can buy?” Today, that mindset has flipped, and people are instead asking “Why buy when you can rent?” When weighing the benefits of renting verses buying, here are several factors to consider.