Buying your first home is intimidating, and the current economy makes it even tougher. According to a recent article in Market Watch, the inventory of starter homes available to first time home buyers is dwindling. Many homes are in need of major repairs, which drives up the investment cost.But … [Read more...] about How to buy your first house
Real estate
How to buy a house with 5% (or less) down payment
One hurdle many would-be home buyers face – or think they face — is the need to come up with a big chunk of cash to make a 20% down payment. The good news is that you don’t have to have 20% down, even in today’s tight credit environment, to buy a house.Buyers with good jobs and decent credit … [Read more...] about How to buy a house with 5% (or less) down payment
5 tips for getting your security deposit back
Move out of a rental, and you’re likely to have plans for the security deposit your landlord has been kindly holding for you. Make sure you get your hard-earned money returned when you vacate the premises by keeping the following five tips in mind.Pre-qualify your potential landlord. Before … [Read more...] about 5 tips for getting your security deposit back
14 home improvements that save on your heating bill
Winter is definitely here, and for many that means high utility bills to heat their homes.While you can’t do anything about the chilly weather, you can take steps to make your home more energy efficient and pay less for heating.To start, the U.S. Department of Energy has a do-it-yourself … [Read more...] about 14 home improvements that save on your heating bill
How to avoid buying the wrong home in a hot market
Many home-buyers are finding themselves in an unusual situation: They have enough money and are preapproved for a mortgage, but can they actually secure a house?The number of homes for sale continues to fall, with the supply of homes of homes for sale even tighter at the lower price … [Read more...] about How to avoid buying the wrong home in a hot market
House-Hacking: Eliminate your housing expense using other people’s money
This blog post provides an overview of some concepts discussed at length in my new book, "Set for Life." The book walks full-time employees from little to no net worth to hundreds of thousands of dollars in after-tax wealth not including home equity and retirement accounts and towards early … [Read more...] about House-Hacking: Eliminate your housing expense using other people’s money
How to buy a home in a sellers’ market
If you’ve decided to buy a home this year, good luck to you. Your challenge will be not just finding a home you like, but also beating out all the other home buyers who like it and want to make an offer on it, too.The number of homes for sale is low nationwide, particularly in the price ranges … [Read more...] about How to buy a home in a sellers’ market
How to make money renting out a room
The sharing economy has introduced all kinds of services that make being a landlord easier. Thanks in large part to these services, many Americans have found financial gains in renting out rooms or entire homes to vacationers as well as long-term tenants.If you think this might be steady source … [Read more...] about How to make money renting out a room
What to know before buying a vacation home, plus how to rent it out
As you schlep your ski gear to your favorite resort for the umpteenth time or search for lodging near your favorite beach on a holiday weekend, you may think how much easier life would be if you had your own vacation home.An estimated 1.13 million vacation homes were sold in the U.S. in 2014, … [Read more...] about What to know before buying a vacation home, plus how to rent it out
7 online tools to estimate home value, and why your estimate may be wrong
When it comes time to sell your house, you have one burning question: What is my home worth?In recent years, a proliferation of online resources has emerged to provide you with an answer before you ever consult a human. But while consumers have access to more information than they could have … [Read more...] about 7 online tools to estimate home value, and why your estimate may be wrong
How to get the best deal on a mortgage
Most people will need a mortgage to buy a home. That means that not only do you need to shop for a home, you need to shop for a home loan. But a survey of 2013 borrowers by the U.S. Consumer Financial Protection Bureau found that almost half of borrowers didn’t shop around before settling on a … [Read more...] about How to get the best deal on a mortgage
New ways to sell your home without an agent
Technology has made drastic changes in how Americans shop for real estate. You can see all the homes for sale in a neighborhood with the click of a mouse, and information about nearby home sale prices is easily available.But little has changed in the way real estate is actually bought and sold. … [Read more...] about New ways to sell your home without an agent
12 tech tools to help sell your home
As the housing market has improved, so has another aspect of real estate: the tech tools available to help you sell your home.“Before the recession, agents were still marketing to other agents,” says Brian Balduf, co-founder and CEO of VHT Studios, which provides digital marketing services … [Read more...] about 12 tech tools to help sell your home
What you need to know before you buy rental property
Investing in rental property has long been a popular option for people who want to diversify their investments beyond stocks and mutual funds. But, unlike those more mainstream investments, rental properties can require significant hands-on work, including dealing with tenants and keeping up with … [Read more...] about What you need to know before you buy rental property
How to buy a home in a sellers’ market
If you’ve decided to buy a home, good luck to you. Your challenge will be not just finding a home you like, but also beating out all the other home buyers who like it and want to make an offer on it, too.The number of homes for sale is low nationwide, particularly in the price ranges desired by … [Read more...] about How to buy a home in a sellers’ market