Saturday, Apr 29th

Last update08:55:45 AM GMT

You are here: Home Real Estate

Real Estate

Real Estate Scams

E-mail Print PDF
Real estate scams have been proliferating all over the country, and even the most astute and vigilant among us can fall prey to the scammers. From young people, seeking their first rental in Manhattan, to older folks facing foreclosure—all are potential victims. Never assume that you are too smart or too experienced to fall...

Is Now the Time to ARM Yourself?

E-mail Print PDF
An Adjustable Rate Mortgage is a perfect solution for borrowers who are interested in saving money with a lower interest rate. In the past, the adjustable rate mortgage was the topic of many articles. Those articles pointed out the negatives, but overlooked the positives. Proper up-front analysis is the key. Some borrowers bought houses they couldn’t afford using exploding ARMs—a 2 percent teaser rate could jump to 8 percent within two years, even if market interest rates didn’t change. Today ARMs are only a small part of the market, but here’s the surprise: Most don’t adjust for five, seven or ten years and can make sense for homeowners with lots of equity if they plan to...

Open Houses: Worthwhile or Worthless?

E-mail Print PDF
They say, “Time is money”. On the surface it means time is a valuable commodity, so it’s best to do things as quickly as possible. When it comes to real estate and house-hunting, I would like to suggest that this expression means that one should spend the necessary time on things that get the best results while maximizing our efforts. Technology has afforded us the opportunity to live in an instant-access world which saves a lot of time and prevents delay. Real estate is no exception. The slew of information, photography and data available about any home on the market is endless.

Yet, despite the tremendous resources available, Open Houses seem to be a staple in the...

How to Prep Your Bank Account to Buy a Home in 2017

E-mail Print PDF
This is it: 2017 is the year you will finally buy a home! But even once you’ve made the ultimate decision to make the leap into homeownership, your hard work is far from complete. Buying a home is a big commitment and costs a lot of money — and getting the mortgage you want at the best interest rate possible is enough to stress anyone out. Organizing your financial house, so to speak, can help reduce that stress and set you up for home-buying success. If your goal is to nab the keys to a brand-new place, these six steps will help you get organized, stay on track, and fund your dreams.

1. Set a Specific Goal

It’s hard to make a plan of action if you don’t know where you want to...

Ask the Broker: What Is a Home Warranty? Should I Purchase It?

E-mail Print PDF
In the course of buying a home, sellers may offer buyers home warranties as a means of inducing or sweetening a sale. Depending upon what is specifically covered in the warranty contract, buyers of older homes may find reassurance in the promise that, should the home’s named appliances and systems fail to function, the homeowner will be saved from costly repair or replacement bills. Generally speaking, the homeowner pays a yearly fee, perhaps $350-$600, and pays perhaps $60-$75 for each service call. The warranty company sends a repair person to the home to evaluate and fix the problem and/or to determine whether or not the non-functioning appliance or system can be repaired or will...

Page 6 of 26