Is 2017 the year you finally sell your home? If you’ve been contemplating making a move but have been hesitant to do so up until this point, 2017 just might be the right time to bite the bullet. Of course, such a move should only be made after making the appropriate plans and preparing yourself to sell.
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Homebuyers have been enjoying incredibly low mortgage rates for many years now. In fact, the average annual rate on 30-year fixed-rate mortgages has only hit 4% once over the past five years.
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It’s a small, unassuming space, but it’s a crucial one nonetheless. Bathrooms are one of the more important rooms that can add a great deal of value to a home if they’re modernized and up-to-date, not to mention bring years of comfort and pleasure to those who use it.
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When it comes to selling your home, you want it to be in pristine condition to impress the slew of buyers who will come across it. Many home sellers will often invest in professional home staging services in order to showcase their homes in the best light and attract as many buyers as possible, which in turn will help bring more sizeable offers to the table and get the property sold in a relatively short amount of time.
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It can be a real challenge to find the perfect rental unit in the location your desire, in a complex you love, and at a price point you can afford. When you finally do land one, you might be a little over eager to sign the lease.
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Condominium buildings and planned unit developments are typically run by a homeowners’ association (HOA), which in turn is run by an owner-elected Board of Directors. The members who serve on the board are responsible for making a lot of critical decisions about the association’s finances, a well as the overall state of the building.
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As if the purchase price of a home isn’t expensive enough, there are also plenty of other expenses associated with closing that can really add up. In fact, these closing costs can add up to be anywhere between 2% to 5% of the purchase price of the home, on average. The more expensive the home, the more you can expect to pay in closing costs.
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It’s a terrible feeling that no buyer wants to experience: regretting your decision after agreeing to buy a house. Whether you’re reconsidering the location, the lack of a master ensuite, or the expense related to updating the place, there are plenty of reasons why you might wish you could turn back the hands of time.
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Real estate has long been one of the most concrete and profitable investment vehicles, and can certainly be a solid financial move when done right. The rent collected each month can provide a regular stream of income while building equity and reaping the rewards of appreciation in the property.
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When you first apply for a mortgage, you might not give too much consideration to the prepayment penalty – but you probably should.
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