Like any area of personal finance, there are no “secrets” to buying a house. But it does involve thinking different than most other people, who make the biggest purchase of their lives without understanding the true costs.
With real estate prices depressed, this is a tempting time to buy a home, but it’s only wise if you know how to spot value. Making a critical evaluation of a property is the real challenge. When shopping for a neighborhood, ask yourself these questions.
Everywhere you look, there are signs – people are re-evaluating their lifestyle choices and choosing to live more frugally. Our latest world-wide recession has transformed people who once lived at the edge of their budgets into born-again savvy savers. And the trend can be seen in housing as well.
If you’re one of the millions of Americans who experienced either a foreclosure or short sales due the housing downturn, you might be left wondering where to go from here, when it comes to rebuilding your credit score. Here is the information you must know about your credit, to best recover from a foreclosure or short sale.
Housing prices are back in the dumps. Nationwide, average prices have sunk to levels not seen since 2002. But when it comes to real estate, it’s all about location, and some areas have seen their declines stretch back even farther. Here’s a map that shows exactly how far back home values have declined for each major metropolitan area.
Real estate agents provide a valuable service and are generally well-paid as a result. Nothing wrong with that. But money does have a way of distorting relationships — even when honest people are involved. Here are some tips to help you get the most out of your relationship with your real estate agent.