There are many types of mortgages, and one that may be a fit for your situation is a Federal Housing Administration (FHA) loan.
Usually a real estate “For Sale” sign is pretty straightforward and announces that a house is for sale. However, with recent market conditions, there has been a trend across the country of “For Sale” signs having a sign rider attached that says, “Coming Soon”.
March Madness is here – and with Boulder’s red-hot real estate market, it’s not just for college basketball fans.
Homebuyers and home sellers hire real estate brokers to assist them with what is commonly the largest financial transaction in most people’s lives. In today’s real estate world, there is a copious variety of business models seeking to serve the needs of homebuyers and sellers. As markets change, types of real estate business models change and evolve with the market. When the market heated up prior to the recession, a business model evolved called limited service companies. The fees charged and services rendered varied greatly. The fees, commissions, and services are 100 percent negotiated between a broker and their principal. The Division of Real Estate does not regulate commissions or services offered. However, the level of services dropped so low, in some cases, that both brokers and their clients were contacting the Division of Real Estate for clarity regarding the minimum amount of service required was to serve the home buying and selling public.
Foreclosure auctions sound appealing to buyers given the prospect of getting a discounted price on a home. However, the term “foreclosure” is often mistaken for “bank-owned.” Buying a true foreclosure means buying a home at auction. This process is not ideal for first time buyers and here are a few reasons why.
Gen Z is poised to be the largest source of homebuyers in the United States. The post-millennial generation, or those born after 1996, make up about 32 percent of the population. And, according to a recent report by Realtor.com, 80 percent of them want to own a home before they turn 30.
Buying or selling your home is one of the biggest and most important decisions you will make in your lifetime – and the process can be complicated with many financial and legal considerations — so it makes sense to rely on a real estate agent who has been around the block, so to speak.
If you have three different professionals measure a home, you will likely be presented with three slightly different results. Why is that? Different standards, rounding differences, and local customs are just a few of the reasons.
The last thing consumers should have to worry about is being scammed when they buy or rent a home, or consider refinancing options. Unfortunately, criminals are getting more creative in how they target their victims, leading to major financial headaches for their unsuspecting victims.