Category Archives: Home Buying

homebuying competitive market

How to Buy a Home in the Current Economic Situation?

The economy of the United States has recovered from the Great Recession. However, the real estate market has become a tough place for the home buyers to survive. The prices of the properties have soared and buying a home does not seem to be a viable option anymore for millions of Americans. How can a buyer achieve homeownership these days where there are so many hurdles? Read More →

down payment

5 Slightly Unusual Ways to Gather Money for Down Payment

Saving and collecting money for down payment takes the true test of our money management skills. It is probably the biggest single cash expenditure that most of us will make in our life. So, it’s obvious that amassing the total down payment is a burden for many would-be homebuyers. Read More →

homebuyers mistakes

7 Mistakes First-Time Homebuyers Should Not Make

What if you have paid too much for something and later realized that it was a mistake? It definitely will be a huge financial hit. Similarly, a home purchase can be a financial regret for the first-time homebuyers if done wrong. It’s a complex process and making one of these mistakes can cost you big time: Read More →

cost deduction

The Expenses You Can Deduct as a First-Time Homebuyer

Homeownership comes with huge responsibilities, which may seem overwhelming if you are playing the homeowner’s role for the first time. It’s financially taxing too as you need to pay the mortgage, insurance, and taxes. However, doing some research will help you understand that it’s possible to cut expenses in these areas and take the advantage of many programs and incentives. Read More →

vacation home

Are You Ready to Buy a Vacation Home?

The idea of owning a second home for spending the holidays sounds glamorous. No more dealing with the hassle of booking a hotel and paying for the overpriced accommodation! You can stay at your own home for as many days as you want and the way you like. However, buying and maintaining another home can be a pain in the back if you just jump on a deal without much thinking. You should really consider these following things before making the decision: Read More →

upsizing home trends

To Upsize or Not to Upsize? What Does the Market Say?

Most homeowners don’t feel confident about upsizing because it’s a critical decision to make. You have to have a proper plan about what to with those extra square footage and how to manage the money for moving to a bigger home. Well, it seems that today’s homeowners are not scared to take risks. A research conducted by Zillow, an online real estate database company, has shown an uptick in the trend of transitioning to bigger residences. Read More →

home buying offer

4 Ways to Take Preparation before Making a Home Buying Offer

It’s finally the time to make an offer when you have landed your dream house and the asking seems within your budget. However, it’s not a small thing as it’s going to dictate probably the biggest purchase of your life. A mistake could put you under the risk of wasting money or losing the perfect home! Read More →

homeownership problems

5 Least-Talked Problems in Your Journey to Homeownership

Making a leap from being a renter to a homeowner is huge. Most people think about buying a home at some stage of their life, and for many, it’s the fulfillment of their American Dream. Nevertheless, it’s a long-term commitment, and the responsibilities and financial activities involved will affect your future and your finances. Read More →

phases of homeownership

The Different Phases of Homeownership

Homeownership could be a wild ride – from the process of hunting a home to purchasing it, moving out, settling in, and finally moving to another place. Find out the various phases of homeownership and the responsibilities they demand. Read More →

homeownership costs

The Unexpected Costs of Homeownership No One Thinks of

A new homeowner might have thought that the financial burden will be over after paying for the mortgage and property tax. The truth is the spending just begins with the homeownership. Most people can’t imagine that the hidden costs including the expenses of maintenance and repair can exceed or equal to the mortgage payments. Let’s find out the outlays that you can’t keep out of your home budget: Read More →