If you recently purchased a home with less than 20% down, your mortgage lender likely required that you carry Private Mortgage Insurance, or PMI. This $80-$200 fee tacked onto your monthly payment automatically drops off once your principal balance has been paid down to greater than 20%. Depending on your amortization schedule though, this might not happen until year 9 or year 10 of your Continue Reading
Public or Private? The Best Way to List Your Home This Spring
Your co-worker Steve is a great storyteller. Sometimes (though he’d never admit it) he even stretches the truth a little bit to make his stories that much more impressive. So when Steve told you about getting an offer $53,000 above his asking price on his newly listed home? You definitely took that with a grain of salt… only Steve wasn't exaggerating. Today’s extreme seller’s market affords unique Continue Reading
The Key to Pricing Your Home in a Sky High Market
There's no exact science to determine how much your home is worth. Instead, what a buyer is willing to pay has been the gold standard, and the definition of the “value of a home,” since the Great Depression. In today’s extreme Seller’s market, there’s a right way and a wrong way to list your house. Misstep, and you might fall short of your ultimate financial potential. And how you price Continue Reading
The ABCs of Real Estate
A lot of information is shared with you during the home buying and selling journey, and even if you've gone through it before, trying to remember what different terms mean — and where they come into play during the process — can be overwhelming. Here is a list of real estate ABCs to help familiarize yourself with the language of buying and selling. A | Appraisal: An estimation of a Continue Reading
