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
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
For first-time homebuyers, the whole homebuying process may look a bit daunting. You’re going into what could be the biggest purchase of your life with no experience to fall back on. The good news is a little preparation can go a long way and help you approach this major decision with … [Read more...] about How to buy your first home
For many people, moving time means decision time: Do we buy a home or find a place to rent? This dilemma doesn’t just face young people starting out, but it also stumps established professionals relocating for a job and empty nesters who have sold the big family home. Corey Fick and his wife, … [Read more...] about Is it time to buy a house? 7 questions to ask
Most families at some point reach a difficult real estate crossroads: Do they renovate an existing home to fit their current needs, or do they go out and buy another house that’s already the way they like it? This is a question with no one-size-fits-all answer, although most families can make the … [Read more...] about Should you renovate your house or buy a new one?
If you're paying an interest rate of more than 5 percent, now may be the time to refinance your home mortgage. Although interest rates have risen slightly in the past few weeks, they are still at historic lows. The average rate for a 30-year, fixed-rate mortgage was 3.89 percent in the last week, … [Read more...] about How to get the best refinancing deal
For many years the mantra, when buying a home, was you should buy the biggest home you could afford. This may have made sense years ago when homes were a better long-term investment. Nowadays that mantra may just be self-serving advice from real-estate agents and mortgage brokers. The more you … [Read more...] about Downsize your home and build wealth
In the glow of the vacation moment, it seems like a wonderful idea: Buy a timeshare so you can return every year to relive the wonderful experience again and again. But years later, when your life has changed and you no longer want to return to the same vacation spot, getting rid of that … [Read more...] about How to get rid of your timeshare
When life seems too complicated, some people advocate this solution: Move into a smaller home to have a bigger life. For some, the tiny house movement has become a way of life, adjusting to a smaller space and fewer possessions, with a goal of saving money and focusing on relationships and … [Read more...] about Is the tiny house movement for you?
When a home hits the market, one of the first tasks for the seller is to put on an open house. If your home is listed with a real estate agent, your agent will tell you how to prepare your home and organize the open house. If you list your home without an agent, then it's all up to you. Either … [Read more...] about How to put on a perfect real estate open house
A few years ago, Marianne Kilkenny’s elderly parents moved into an assisted living community. That got her thinking about her own plans because she didn’t want to end up in a similar community or a facility run by a company. Kilkenny, 65, the founder of Women For Living in Community, is among a … [Read more...] about How to create your own retirement community
Before you buy a home, it’s always a good idea to get a professional home inspection. In most cases, you can make your purchase contract contingent on a satisfactory inspection. That means if you don’t like the inspection results, you can cancel the contract, get your deposit back and walk away from … [Read more...] about How to find the best home inspector