6 Unexpected Expenses New Homebuyers Should Know

Quicken Loans

When first-time homebuyers finally close the deal on their first home, they are often so focused on the price of the home and the mortgage, that they forget about the other expenses involved with the closing process. Here we’ll take a look at some of the typical fees that often catch first-time homebuyers by surprise, […]

Published or Updated: January 29, 2012

The Interesting Process of a Real Estate Auction

Housing

Many people are familiar with the concept of a foreclosure auction. In most people’s minds, such an auction works like so: A property that has been seized by a bank due to delinquent payments is offered up for sale and sold to the highest bidder. While that can be part of the process in some cases, […]

Published or Updated: April 3, 2013

10 Most Expensive Cities to Buy a Home in the US

House

Between February and August of this year, Coldwell Banker studied average home prices in nearly 300 markets where the firm operates. The firm tracked the average prices of four bedroom, two bathroom houses in markets across the United States. The resulting report shows huge differences across the US, with average prices for comparable homes ranging […]

Published or Updated: April 4, 2013

The Pros and Cons of Buying a New Construction Home

New Homes

You’ve been hard at work, soundly managing and saving your money. You have a good credit score, and you’ve amassed enough cash for a down payment on your first home. Or, perhaps you’re looking to sell your current flat and upgrade to some new digs. Either way, you might find yourself considering a new construction […]

Published or Updated: April 5, 2013

Is Our Economy in a Foreclosure Freeze?

Foreclosure

As if the sub-prime mortgage crisis followed by a collapse of the housing market wasn’t enough. Behold the foreclosure crisis sparked by Jeffrey Stephan, head of Ally’s (formerly GMAC) foreclosure document processing team. Stephan admitted under oath to having signed off on documents that he had not reviewed for 10,000 foreclosure cases per month for […]

Published or Updated: April 5, 2013

How Does the Making Homes Affordable Program Work?

MHA

The Home Affordable Modification Program, which aims to stabilize the housing market and help homeowners who are struggling to pay their mortgages, was introduced in February 2009 as part of Obama’s Financial Stability Plan. The Financial Stability Plan attempts to address the key problems at the heart of the current economic crisis and to get […]

Published or Updated: April 21, 2014

How Much is a Great View Worth?

view

Depending on what state or country you live in, you might have a different opinion of what a great view is.  For some, the ideal living quarters is a house or condo next to the water.  For others, it’s stepping outside on your patio or porch and overlooking the forestry and world below.  But no […]

Published or Updated: April 26, 2010

Is Flipping Houses Investing or Speculating?

A few days ago I wrote an article entitled, Real Estate or Stocks: Which is the better investment? In response, Enough Wealth wrote a comment worth reading. Of interest here, Enough Wealth wrote: The problems experienced with both stock or property investments are more often due to the investor rather than the asset class. This […]

Published or Updated: April 21, 2014

The 1% Solution to Real Estate Investing

When I first began looking into real estate investing, I spent a lot of time trying to figure out what criteria I would use in selecting which property to buy. I have built many Excel spreadsheets with mind-numbing calculations and data, all geared to finding that perfect investment property. Having now purchased four rental properties […]

Published or Updated: March 1, 2014