You might ask yourself – when is it appropriate to try and "time the market?" The short answer is never. One problem with attempting to time your purchase just right in tandem with economic patterns is that no one can really predict with any degree of accuracy – the future. Many reports get published, predictions are made and … [Read more...] about Trying to “Time the Market”?
For most people, changing employers will not impact the ability to qualify for a mortgage loan, especially if you are going to be earning more money. For some homebuyers, however, the effects of changing jobs can spell disaster when it comes to your loan application. Make sure you discuss in great detail with your lender and … [Read more...] about Changing Jobs and the Effects it has on Buying a Home
People who already have a home usually need the funds from the closing to secure their next purchase. If a "move-up" buyer wants to buy a home during a depressed market, that means they usually have one to sell themselves. Timing becomes very important and negotiations become more involved so neither party is forced into … [Read more...] about Why You Shouldn’t Wait!
When talking with real estate agents, you'll often find that when they speak to you about buying real estate, they refer to buyer's purchasing a "home" and the sellers putting their "house" on the market. Why the play on words? The reason is psychological. Buying and selling real estate is one of the most involved and emotional … [Read more...] about Getting Your Home Ready to Sell
There are times when the economy is booming and everyone feels confident about their prospects for the future. As a result, people often times spend more money. People tend to go out to dinner more often, tip heavier, invest in wardrobe updates, maybe buy a new car and… more often than not, buy a new home. If the interest rates … [Read more...] about Economic Trends to Purchasing a Home
Some Highlights: There’s more room to entertain a large crowd. The kitchen is big enough to whip up endless appetizers – yum! You don’t have to worry about complaints to your landlord when the cheering kicks in! … [Read more...] about 5 Reasons Homeowners Throw Better Parties During the Big Game [INFOGRAPHIC]
We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later … [Read more...] about Strength of the Economy Is Surprising the Experts
If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most recent Existing Home … [Read more...] about Where Have All the Houses Disappeared To?