Morgan My agent
Your Housing Needs Is My Business
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US home-buying season finally signaling a recovery
Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery.
The spring buying season got an early lift-off from an uncommonly warm January and February — a winter that was the best for sales of previously occupied homes in five years. Permits to build houses and apartments rose in February to their highest level since 2008. Read more
When it comes to choosing the best home for you, bigger isn't always better. Once upon a time, a widely-used rule of thumb among real estate experts and home buyers alike was to buy as 'much' home as you could qualify for, as soon as you could qualify for it: even if you didn't need the space or extra expense. Back then, big homes were en vogue, mortgage money was free-flowing, and all homes increased in value so rapidly that it was seen as foolhardy to buy something smaller and lose out on the potential appreciation you'd get for every extra bedroom or square foot you coulda, woulda or shoulda bought... Read More
The fact is that there are still a handful of scenarios in which buyers can't expect as much protection from laws and forms, and have to be uber-vigilant in sussing out problems with properties. Here are five of those modern-day "caveat emptor" home-sale transaction types:
1. Buying in a "caveat emptor" state . In most states, homes that are sold "as is" are implied to have an "as-disclosed" contractual condition, which just means that the seller is not responsible to do any repairs, but is responsible for telling the buyers of any problems with the property that the seller is aware of (or should be aware of)...Read More
6 truths about no-cost mortgages
It is time-honored real estate wisdom that buying a car on credit right before you buy a home is one of the easiest ways to shoot yourself in the foot, because the additional debt can impact your debt-to-income ratio, can either or both reduce the dollar amount of mortgage dollars for which you qualify, or increase the interest rate you are charged.
So, generally speaking, the insider real estate advice would be to wait a couple of months, close the deal and then buy your car.
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Morgan Jalili . |
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| Over the past decade, the real estate market has endured wild fluctuations in pricing and availability. Most people are aware of these changes. |
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