Farah Suttonis a licensed Realtor based in Arizona. It’s a state that’s seen an increase in cash offers, thanks to buyers moving in from more expensive markets where they cashed out on the sale of a home. However, she’s also witnessed cash offers that are actually hard money loans, ...
With a cash offering, some things change in the buying process. The home sale will likely reach closing faster, without the need to wait for a mortgage approval from a lender. Therefore, the underwriting process won’t slow things down either, and the buyer is less likely to need an appra...
Cash stuffing is a great way to budget, manage compulsive spending and see exactly where your money's going.
An estate sale is a popular way to distribute a family member’s possessions after death. It involves selling items directly out of the home they belonged to. However, estate sales are not limited to the belongings of deceased individuals. They can also be held by individuals who want to se...
In Chicago, Illinois, for example, the buyer pays $3.75 per $500 of the net sale while the seller pays $1.50 per $500 — a total of $5.25 per $500 of each sale, according to Craig Fallico, a veteran real estate agent serving the Chicago suburbs. Real estate transfer tax is somethin...
“A forever home is one you intend to stay in for decades, whereas a starter home is often viewed as a stepping stone on your real estate journey,” Jordan says. Is it Worth Getting a Starter Home? Prospective first-time buyers face some tough decisions. Should you buy a starter home ...
should be carefully designed and developed, but they have become “fast-moving consumer goods” in the assembly line. What's even more absurd is that the leading companies in this industry take pride in high turnover, and big-name real estate companies are following suit. Should such malpracti...
Home equity is the difference between what you owe on a mortgage and the value of your home. Learn how it works, how to use it and why it’s so important.
A life estate is an excellent tool for securing your assets to pass on to your beneficiaries and bypass lengthy probate but it isn't the only option available. You can also create a: Transfer-on-death-deed: This deed passes real estate on to your heirs after your death. You can change...
A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner's mortgage. A short sale is usually a sign of a financially distressed homeowner who needs to sell the property before the lender seizes it in foreclosure. ...