Buying

What to Look for When Buying a Condo

Buying a condominium can be an exciting time in your life. Whether or not you got a promotion and can finally afford a condominium, or you're just looking to find a perfect spot downtown where all the fun is, one can't deny the usefulness of having a condominium. However, people who are planning to venture into buying for the first time need to have some basic knowledge of what they're getting into. Being prepared is the first step to plan for what may come, and having the right information when deciding to buy will help you immensely overall. When purchasing a condominium, it's important to get some information on the association that owns the projects. Here...

Houses For Sale

Everyone dreams of finding the perfect home for sale and settling down at some point. The pressure to find the dream home is usually greatest among first-time homeowners. However, getting the ideal home is an equally exciting experience for empty nesters who want to downgrade. To find one's dream property, you need to do a lot of homework and prepare well beforehand. The following tips and guidelines will make your house hunting manageable. One mistake that many home owners make is lack of sufficient financial preparation before trying to own a home. It is advisable to hope for the best, but at the same time, prepare for the worst. Foreclosures happen because...

Cheap Houses

Buying a house is an expensive investment. The more the house costs, the more you'll pay for: Closing Costs Realtor's Commission Mortgage Interest Insurance Home Maintenance Even if you qualify for a more expensive home, you may want to consider one that's cheaper. The more you spend, the higher the realtor's commission is. For example, if you buy a home for $250,000 and the agent's commission is 6%, they'll earn $15,000 on the sale. If you're paying an interest rate of 3.375% on a 20-year mortgage, your payment will be $946 per month. When you add homeowner's insurance payments, general maintenance, and home repairs, you're spending a lot of money for...