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August 2014

Found 19 blog entries for August 2014.

goldhouse_buchachon_450When preparing to sell your home, you probably spend a lot of time and energy getting it in its best showing condition. But can improvements to your neighbor’s property help sell your home?

Imagine that you’ve spent time and energy weeding the front yard, painting the front door, power-washing your siding and planting flowers. You’ve updated the kitchen and bathrooms and de-cluttered the home. You’re ready to go to market.

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558 Views, 0 Comments - National home prices rose 6.2% this spring, compared to the same three months last year, according to the S&P/Case-Shiller national home price index.

Prices in the index's 10 and 20 city measures rose at a slower year-over-year pace in June alone, with every city reporting lower gains -- the first time that's happened in more than six years. Both city indexes rose 8.1% on an annual basis.

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665 Views, 0 Comments - Are you planning on buying your first home but don't have a plan for doing it? That may be a mistake, because there are a lot of details that go into getting it right.

It's important not to rush into buying a home, because a mortgage is usually the largest debt that people will get into in their lives, says Jim Duffy, a senior loan officer with Primary Residential Mortgage, Inc. "So it's much better to ask all the right questions, plan accordingly, and plan early," he explains.

And when he says early, he means it. "It's worth a year of planning in my opinion, because there are so many decisions you could regret later if they are made in haste," Duffy says.

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647 Views, 0 Comments - Your bags are packed — you’re ready to move. The last thing you want to do is follow your agent’s advice about putting time and money into your listing photos. But if you don’t, your photos could prevent the home from selling quickly. Consider 10 do’s and don’ts to help your listing attract the attention it deserves.

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1,018 Views, 0 Comments - Experienced professionals often advise against entering business relationships with close friends. The risk of financial issues ruining long-term friendships is strong. At the same time, some landlords might feel more comfortable renting to friends and family members they can trust.

To help determine whether ease of mind is worth jeopardizing close bonds, we asked eight personal finance specialists to weigh in on leasing to and from friends.

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651 Views, 0 Comments - In today’s work universe, we are a nation of independent employees, and it’s the “age of the freelancer,” Fortune magazine has declared.

The self-employed workforce should total 40% of the whole by 2020, says another study—that’s 60 million people!

Are you a self-employed home buyer needing a mortgage? Loans can be tricky to get when something as straight-forward-seeming as what you earned last year gets bogged down in a pile of pay stubs from various clients.


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505 Views, 0 Comments - Homeowners looking to sell usually face the tough task of not only getting their homes ready to go on the market, but also keeping them in “showing” condition once they’re listed. It is a delicate balance to have your home showing in its best possible light while also living there comfortably. If your home is priced right and shows well, the amount of time you need to live in your “for sale” home should be minimized.

Here are some tips to make living in your home bearable while it is on the market.

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552 Views, 0 Comments - Just about every homeowner has experienced the same sensation at one time or another: The excitement of a home purchase is deflated at the closing table when the closing agent slides over the Truth in Lending Statement that shows just how much money the loan will cost over the term of the loan.

It is a sinking feeling to see that a $250,000 loan will likely cost in excess of $500,000. To avoid this, many people strive to pay off their loans early. Indeed, one extra mortgage payment a year can make a huge dent in reducing the length and total cost of your loan. Assuming you can, the question still remains: Should you? Saving money seems like a no-brainer, but the answer that is right for you may be more complex.

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construction_adamvilimek_450zillow - If there’s one thing that can mar the excitement of a home remodeling project, it’s the nightmare of living through it. Just ask the Gargers of Hicksville, NY. A planned 16-week renovation of their three-bedroom Cape Cod–style home turned into a 14-month ordeal.

The low point? Pick one. It could have been when the entire family — husband Tom, wife Dolores, two children and two dogs — was forced to sleep in a single room for nearly four months. Or when Tom became trapped behind a cascading pile of boxes in a storage shed for 20 minutes before managing to crawl out. “It was moments like that I had to keep a good humor about things,” he says.

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Photo:  ©[Adam Vilimek]/123RF.COM

516 Views, 0 Comments - You’ve just sold your home and are ready to buy again. For the first time in your life, you may have enough money to pay cash for a home—but should you? Buying a house with cash has its upside and its downside, too.

Let’s explore the pros and cons and what you could stand to gain–or lose—if you purchase your new home for cash.

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