The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year.
According to a recent article in Kiplinger, 30 year mortgage rates are about to increase:
“Now around 4.1%, rates will edge slowly toward … [Read More...]
As realtors one of the questions that we hear most often is: “how long does it take to sell a home?” The truth is that there is no good answer to this question, every home is different and so is every home sale. All we can tell you is the average length of time it takes to sell a home and the average may not apply to your particular case.
Nationwide it now takes around 10 months to sell the … [Read More...]
Here are a couple of ways to look at the cost of waiting to purchasing a home for home buyers who are willing and able to purchase a home NOW...
Let’s say you’re 30 and your dream house costs $500,000 today, at 4.12% with 10% down, your monthly Mortgage Payment with Interest would be $2,179.62.
But you’re busy, you like your apartment, moving is such a hassle...You decide to wait till the … [Read More...]
Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year, he released a paper on homeownership - The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a … [Read More...]
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether … [Read More...]
During the process of downsizing you may wish to use the services of an estate liquidator to assist in the selling of belongings that you have decided not to take with you as part of your move.
While we help facilitate the selection of an estate liquidator for our clients needing this service, some people prefer to do this on their own. For those wishing to go it alone, here are a few tips and … [Read More...]
No home is perfect. Every home - including newly constructed ones - has issues. You should not expect sellers to disclose any information about the condition of the house you want to buy, or about any potential hazards to the property. Even if the seller provides you a recent home inspection report, it's best not to rely on it as the seller may have chosen an inspector who’s a friend or family … [Read More...]
In recent months we have been getting more questions about housing prices and where they may be headed.
Before we talk about what is happening here in the Tri-Valley, we would like to share the results of the most recent Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market … [Read More...]