5 Tips on How to Approach an Open House
10 Tips on How to Make Your Next Open House Successful
Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the real estate lender assumed ownership and is now trying to sell it to recoup some of its costs.
The faces behind home sales are changing quickly, and while the Hannahs and Austins still have a long way to go to catch up with the Michaels and Johns, they are closing the gap. Buyer data on home sales for the first nine months of the year not only reveals a fun mosaic of names participating in today’s housing market, but also a sneak preview into key emerging trends. The analysis, while limited in interpretation, uncovers a story of sales increasingly skewing toward three key demographics: Millennials, Women, and Hispanics. Names associated with these groups are taking a larger share of all sales, and rapidly changing the landscape of the U.S. housing market. If these buyers can continue breaking through the affordability barrier, we should expect them to emerge further in 2019 and dominate the market in the years to come. Learn more about the methodology here.
Most potential home buyers wait to talk to a mortgage lender until they’re ready to buy. Makes sense, right? Why bother digging up your financial statements and filling out a bunch of paperwork if you’re not going to buy right away?
If buying a home is one of your long-term goals, you may be doing yourself a disservice by not talking to a lender sooner rather than later. The goal of any good mortgage lender is to help you get “mortgage-ready.” This means getting you and your finances in order so you can qualify for the best mortgage possible, with financial terms and a monthly payment that make sense for you and your budget.
This year, I helped my mom sell our family home. The hardest part? Going through decades worth of old belongings, deciding what to keep ... and what to chuck.
Before this move, I never thought of myself as an especially sentimental person. Yet, as I opened boxes to uncover stuffed animals from my childhood or a box of family photos, packing would come to a screeching halt while I sat down and studied every object and image with care. While a small part of me longed to keep everything, I knew that my mom's new place lacked the space, and my own home was already cluttered enough. This forced me to make some tough decisions.
In the end, we got it done—and I learned a ton in the process. Here are a few hard-won lessons to help declutter and move without sacrificing all those memories.