08
Feb
By Barbara Bodnar
Home Buyer Tips , ,

Is It Worth It to Put More Than 20 Percent Down?

Are you thinking of buying a new home this spring or summer? If so, you're not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you're a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment. With that in mind, let's try to answer the question of whether or not it is worth it to put more than 20 percent of the home's price…
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25
Jan
By Barbara Bodnar
Home Buyer Tips , ,

Curious About Homeowners’ Association (HOA) Fees? Here’s What You Need to Know

If you are thinking of buying a condominium or a home that is part of a planned community, you have likely come across the term "homeowners' association" or HOA. In short, the HOA is a coalition of local homeowners who have banded together to manage the needs of the local community. Let's explore the concept of the homeowners' association, why they charge fees and what you can expect from your HOA if you buy a home that is part of one. HOA Fees Are Meant To Make Things Easier HOA fees are meant to make your life easier. Common sense…
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16
Dec
By Barbara Bodnar
Home Buyer Tips , ,

Landlord Squeezing You for yet Another Rent Increase? It’s Time to Buy a Starter Home

Did you recently receive your annual notice that the rent is going up? If so, you're not alone. Millions of renters are seeing more and more of their income drained away due to higher rents. To make matters worse, every dollar in rent is one that you are not saving, investing or using to build your net worth. If you're feeling the pinch of higher rents, it might be time to buy your first starter home. Comparing Rent With A Mortgage Have you ever done the math to understand how close your monthly rent might be to a mortgage payment?…
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10
Nov
By Barbara Bodnar
Home Buyer Tips , ,

3 Reasons Why Your First Home Should Be a Spacious One

Buying a home for the first time? One of the key considerations you'll need to make is just how much 'house' you want to buy. While going minimal might seem like a good idea to save on costs, having a smaller living space can end up cramping your lifestyle in many ways. Let's take a look at three great reasons why your first home should be roomy, spacious and luxurious. You Might End Up With More Family Than You Think Have you considered whether or not you want to have a family? Whether you're a single young professional or part…
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02
Nov
By Barbara Bodnar
Home Buyer Tips , ,

What Is a “Short Sale” And How Does It Work?

Are you on the hunt for great deals on a local home? If so, you have probably heard about "short sale" homes, although it can take a bit of searching to find one. Let's take a closer look at real estate short sales to learn how they work and when you might want to take advantage. What Is A Real Estate Short Sale? A real estate short sale takes place when a homeowner sells their home for less than they owe on it. This tends to take place in volatile real estate markets where a substantial price increase took place…
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