new tax bill

What will be the Effects of the New Tax Bill on the Homebuyers?

The Senate has passed a new tax bill during the first week of December. It seems that the GOP tax plan is likely to be a law before the end of the year and it can go into effect as early as January 1, 2018. Read More →

money saving tips

How to Stop Small Leaks on Your Personal Finances

If you are thinking of buying a home in the next couple of years, you have probably already started saving for the down payment. This is the stage when every penny counts. This is also the time when you should pay attention to small money leaks. Read More →

rent stabilized apartment inheritence

The Rules to Inherit a Rent-Stabilized Apartment

Last week, we’ve discussed how to inherit a rent-controlled apartment. If you are not eligible to inherit such a rental unit, don’t lose hope. You can still live in a huge apartment without paying an exorbitant rent given that you are eligible to inherit a rent-stabilized apartment. Read More →

gift money

What are the Rules for Using Gift Money for a Down Payment?

How much do you have to pay for the down payment? Twenty percent of the total price of the house, at least this is the amount that the lenders prefer. However, managing such a big amount of cash is not possible for most of the buyers. There are many ways to subsidize the down payment and gift fund is one of them. Read More →

rent controlled apartment

The Legal Steps to Inherit a Rent-Controlled Apartment

Can you inherit a rental unit? Yes, but it’s not something like taking over a house from parents or a family member. It means receiving the right of renting an apartment where a family member or a relative was the primary tenant. Read More →

rental questions

Some Minor (But Essential) Questions to Ask Before Renting

You will get plenty of articles explaining the things that you should do or know before moving into a rental. However, most of them focus on the major issues like reviewing the lease, the rights of the renters, the ways to get the security deposit back, and other such things. But, where to find answers to the questions like ‘where to put the trash’ or ‘is it necessary to change the locks’? Read More →

rising interest rates

How Do Rising Interest Rates Affect the Housing Market?

A housing market with rising interest rates is difficult for the buyers and tricky for the sellers. Or, it is what everyone knows. Is it really bad news for the real estate market? Well, an escalating interest rate is nothing to be panicked of. It does have an impact on all the aspects of home buying, but you can avoid the bad effects if you are smart. Let’s see how it affects the housing market. Read More →

home buying 2018

Buying Home 2018: What You Should Do Now

Many people have already planned to start their home hunting mission in 218.If you are one of them, consider this November and December as the perfect time for prepping. If you have done the homework right, you will be able to hit the ground at the beginning of the next year. Read More →

moving

Get Paid for Moving to These Places! – Part 2

Last week, we covered a topic about the states in the United States that pay people to move there. There are many programs that provide monetary grants and other incentives to eligible candidates. This week, we will cover the cities that have supporting programs for the interested parties. Read More →

title insurance

Everything You Need to Know about Title Insurance

Buying a home requires dealing with lots of paperwork and legal processes. Title insurance is one of them. The title refers to a legal documentation about the ownership of a property. The buyer gets it in the form of a deed that contains detailed information about the previous ownership and current purchase. A title search is essential prior to the closing of a deal to ensure that your purchased house does not have any other owners. Read More →