If you own a historic property or are considering buying one, there are more advantages than just unique and original architecture and design. There are also several tax incentives at the federal, state, and local levels that are put in place to encourage homeowners to preserve these historic properties and rehabilitate them appropriately rather than tear them down in favor of new construction.
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Buying a house is most likely the biggest investment you will ever make, so before you dive head-first into the deal, you’ll want to have some questions answered about your mortgage. After all, you’ll be responsible for making good on your mortgage payments every month for years, so make sure you’re well advised about your home loan before you sign on the dotted line.
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As a buyer, the more you can get out of a real estate deal, the better, and that includes a lower purchase price. Having said that, any information you can gather about the seller regarding the motivations that lie beneath why they’re selling and how open they are to negotiate would be very helpful.
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The spring season is off to a sizzling start in California with both existing home sales and median prices jumping in March from the month and the year before.
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It’s not called a “family room” for no reason. This important space in the home is dedicated to serving as a retreat for everyone in the home whenever they feel the need to chill out, play, and just hang with loved ones. Based on this description of what a family room is and should be, it needs to be designed and decorated accordingly.
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Buying a house is not the time to be making mistakes. It’s likely the biggest financial investment you’ll ever make, so you want to be sure to get it right. If you’re in the middle of a hot seller’s market, steer clear of making any one of the following buyer blunders.
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Do you know how much your home loan will cost you? It’s a critical question that you need to ask if you’re going to be able to budget accordingly. Luckily, the answer to this can be found on the Loan Estimate, which recently replaced the Good Faith Estimate (GFE) as well as the Truth-in-Lending (TIL) disclosure statement under TRID guidelines.
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You’ve most likely already heard of a homeowner’s association (HOA), which is basically the governing entity over homes and common areas within an HOA community. It’s the HOA that sets forth a set of rules and regulations that homeowners need to follow and charges a set monthly fee that covers the cost of maintaining the community.
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Rarely will you find real estate markets that are exactly the same. In fact, your market could be drastically different compared to the one in the next community over. Of course, the differences typically tend to become increasingly noticeable the further away you go. For instance, a market from one state to another might be a lot different from each other compared to markets in different cities.
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Out of all the purchases you ever make in your life, a home is likely the biggest. Take the time to consider the following in order to ensure you’re making a sound buying decision.
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