If you’re ready to buy a home, look no further! It’ll be an exciting time taking such a significant life change. Friends and family will offer their advice, but what worked for them might not work for you and the real estate market now. Here are some common home buying myths you’ll hear that aren’t true and will cost you time and money. Home Buying Myth #1: You need 20% for a down...
Last blog post, we covered an introduction to home improvement loans, an FHA 203(K) loan, an FHA Title 1 Property Improvement Loan, and the advantages and disadvantages of each one. In this post, we’ll continue the conversation by discussing the four other options: Home Equity Loans (HEL), Home Equity Line of Credit (HELOC), Personal Loans, and Credit Cards. Types of Home Improvement Loans Home...
Buying a home is a massive milestone for many people, and it’s one you should be able to achieve. We understand that between closing costs and a 20% down payment, it’s a significant investment, and sometimes, no matter how much you save, it won’t be enough. Especially now that the median sales price has almost increased by 50%! But we’re here to reassure you that you can still buy a home without a...
As we know, there’s an inventory shortage of homes, and prices are on the rise. In large part, the pandemic has contributed to this shortage, especially when paired with historically low-interest rates. One survey revealed that 55% of people said they regret taking out a mortgage during the pandemic. But you can avoid homebuyers remorse, even during this competitive market. Before purchasing, learn the...
Prepare for buying a home by not just saving for a down payment, closing costs, and bills. There are a couple of other big expense items you want to be able to buy after moving in and paying for the essentials. Here are the three: Maintenance and repairs Being a homeowner means you are now responsible for the maintenance of your house. Maintenance is crucial because it helps avoid those...
What Renovations Give You the BEST ROI in Austin? Staging is a great way to increase the return on investment you see on your home, but to guarantee you get the absolute best offer for your home, it may take a few renovations. Before listing your doubts and reasons you have for not wanting to make the leap, check out some of the renovations that have the best ROI and can get you more money for your...
Deciding to move from renting to buying a home in Austin is one of the most important financial decisions you'll ever make. Leasing comes with many perks: less commitment, fewer responsibilities, easy to move around...the list goes on. However, renting costs you more than you think. While the months of rent payments have bought you a laid back lifestyle, that money has been going into someone else's...
Fall is a great time to tackle a few household chores and make sure your home is ready for the change in weather. If you’ve been holding off on some home maintenance projects because the summer heat was too hot to handle, now is the time to take care of some fall home improvement projects. 1. Check the gutters and make sure they’re clean. Gutters can be a pain to clean, but they’re crucial in...
In real estate, it’s often you’ll hear things like, “it’s a hot market,” “we’re seeing low inventory,” and “buyers are receiving multiple offers,” but what does that mean? Well, low inventory refers to the number of homes on the market, which can create a hot seller’s market if there are more buyers than sellers. This hot seller’s market makes buyers more competitive, and the...
Real estate is an evolving industry, and it comes with its own dictionary of terms to know, understand, and follow in order to be successful. If you’re considering becoming an investor, be sure to know the real estate terms below like the back of your hand. Single-family home - A residential building that houses one family and is not attached to any other structures, units, or homes.Multi-family home...