Tag: buy a home

  • Homebuying: 5 Key Steps to Your 1st Real Estate Purchase

    Homebuying: 5 Key Steps to Your 1st Real Estate Purchase

    Serious about buying a home? It's important first to know your finances, get a solid grasp on the kind of loans available, and acquaint yourself with some homebuying strategies. Here are five essential steps to getting a sure-footed start on shopping for your first home. 1. Know what you... Continue Reading

  • For 1st-Time Homebuyers: 3 Essential House-Hunting Guides

    For 1st-Time Homebuyers: 3 Essential House-Hunting Guides

    With spring buying season kicking into gear, first-time homebuyers face a market that is brimming with what could be once-in-a-lifetime deals. Home prices are about 34 percent below where they sat just prior to the housing bust, and interest rates continue to hover near record lows. Affordability is the... Continue Reading

  • How to Buy and Sell a Home at the Same Time

    How to Buy and Sell a Home at the Same Time

    Is it possible to buy a home and sell your home at the same time anymore? And what should you tackle first? Should you get an offer on your home before you try to find a new place to buy? Or should you find the home you want before putting yours on the market? And will a bank even allow you to buy without... Continue Reading

  • Financial Expert on Why Buying a Home Is a Bad Idea

    Financial Expert on Why Buying a Home Is a Bad Idea

    The idea that buying a home might be a totally bad investment is a hard statement to digest. Hedge fund manager and Huffington Post contributor James Altucher made big internet waves last week with his declarative and super-viral post stating: "Why I Am Never Going to Own a Home Again." The kind of guy to make... Continue Reading

  • Reverse Mortgage: What the AARP Suit Means for You

    Reverse Mortgage: What the AARP Suit Means for You

    Seniors who took reverse mortgages are being pushed into foreclosure by HUD, according to a lawsuit filed by the AARP. Are all seniors who took a reverse mortgage at risk? No, only those who decided to put only one spouse on the reverse mortgage. Why would a couple decide to leave a spouse off the reverse... Continue Reading

  • Warren Buffett: Buy Affordable Home, Not Your Dream Home

    Warren Buffett: Buy Affordable Home, Not Your Dream Home

    "Our country's social goal should not be to put families into the house of their dreams, but rather to put them into a house they can afford," says investor Warren Buffett, the third-richest man in the U.S., who still happens to reside in the 6,000-square-foot stucco house he bought in 1958 for $31,500. "Home... Continue Reading

  • Buy a Home Now: Why Timing May Be Perfect

    Buy a Home Now: Why Timing May Be Perfect

    Deciding to buy a home is one of the biggest decisions most people make. But knowing when to pull the trigger on that decision burdens it with much fear and insecurity. AnnaMaria Andriotis at SmartMoney.com reports on why recent events in Washington have brought some clarity to the issue and why the signs all... Continue Reading

  • Should You Buy a Home With a Partner?

    Should You Buy a Home With a Partner?

    When cohabitating, should you buy a home with your partner when you move in together, or keep it noncommittal with a rental? The answer varies from couple to couple. Cohabitation casualty Rina Welsch, a musician in Columbus, Ohio, spent four years unraveling the tangled mess of having bought a home with her... Continue Reading

  • Existing Home Sales Drop, Despite Incentive

    Existing Home Sales Drop, Despite Incentive

    Sales of existing homes dropped unexpectedly in May, according to data released today by the National Association of Realtors. Economists had predicted that sales would rise, buoyed by the home buyer tax credit. (The deadline for contract signings was the end of April, but buyers have until June 30 to close.)... Continue Reading