Given the prices of homes these days, it’s no wonder many homebuyer hopefuls choose to get into the market by purchasing smaller, more modest homes that are on the affordable end of the spectrum. After a few years of building equity and allowing time to appreciate the value of the home, there will be a lot more capital available to put into purchasing a larger, more suitable “forever home.”
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The entire homebuying process can take a long time. Imagine all the homes you have to look at before you find “the one.” Even after you’ve negotiated a deal and your offer is accepted, there’s still the escrow period to have to go through, which can be a lengthy process itself.
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Having the flexibility to head over to your very own retreat without having to find availability is fantastic. It’s like home away from home, a place that you can set up as you please and outfit with all the things you need when you’re away from your primary residence.
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The housing market in California picked up some steam in May as existing home sales and median home prices inched up from both the month and year before. Here are some pertinent stats on California’s housing market for May 2017, gathered by the California Association of Realtors (CAR).
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A real estate contract can be confusing for both buyers and sellers, especially for first-timers. Not only is there plenty of jargon that many may not be familiar with, there are also many deadlines stipulated that must be met. Failure for these deadlines to be satisfied can result in a dead deal, which is why it’s essential that all necessary parties do their due diligence to meet these milestones.
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It goes without saying that a home purchase is a big deal and is probably the biggest investment you’ll ever make. If you’re a first-time buyer, make sure you avoid these potentially costly mistakes.
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When it comes to buying a home, you’ve got options; namely, should you buy new construction, or an older home?
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As the temperature continues to rise as we head deeper into summer, the energy – and money – needed to keep our homes cool can skyrocket.
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When it comes to buying a home, a mortgage is almost always a part of the process. But as common as they are, mortgages can often be highly confusing. That said, it’s in your best interests to become familiar with the mortgage process, regardless of whether you’re a first-time buyer or have bought and sold many times in the past.
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