So you missed the boat on the summer buying season, huh? If you've got kids in school, you probably think you have to stay put now for another year.
But maybe not.
Here are a few reasons you should buy a house right now.
Inventory is down but so is the buyer pool. That means prices may be coming down.
You may well have less competition for homes right now, especially if you're in the ultra-competitive first-time buyer market. That means your chances of finding a home—and getting it for the right price—are good.
Read More : http://realtytimes.com/consumeradvice/buyersadvice1/item/30317-20140904-why-its-the-right-time-to-buy-a-home-now
Autumn is historically the start of the slow season for home sales, but after a sluggish spring and summer, wrought with still-tight supply and higher costs, the stage may be set for a small rebound in U.S. housing this fall, at least according to a new report from Redfin, a real estate brokerage.
More sellers are lowering their price expectations, because the number of homes that sold above list price in July was down nearly 26 percent from a year ago, noted the Redfin report. That is the biggest drop of the year. Lower prices, still-low mortgage rates and increasing supply could push sales higher.
According to CoreLogic's July 2014 CoreLogic Home Price Index (HPI) report, U.S. home prices nationwide, including distressed sales, increased 7.4 percent in July 2014 compared to July 2013. This change represents 29 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.2 percent in July 2014 compared to June 2014.
Read More : http://www.worldpropertychannel.com/north-america-residential-news/corelogics-july-2014-corelogic-home-price-index-hpi-us-home-prices-nationwide-july-2014-distressed-sales-reo-sales-sam-khater-8472.php
The rich patina of wood floors adds beauty and elegance to any home.
Older homes were once routinely constructed with hardwood floors, but that practice was abandoned in the 1950s, when new technologies made wall-to-wall carpeting available. Builders were able to build more homes faster, for the post-war baby boom, and save money on labor.
But today, many homeowners prefer hardwoods to carpet. Hardwoods help give the impression that your home is well-built with quality materials. Hardwoods are easy to maintain and improve with wear, unlike carpet that eventually needs to be replaced.
Before you start seriously shopping for a home, there's some groundwork you should do to put yourself in the best position to buy a home.
Start early, a couple of months before you talk to a lender or hire a real estate professional.
The Fair Credit Reporting Act requires the three nationwide consumer credit report companies, Equifax, Experian, and TransUnion, to provide you with a free copy of your credit report and FICO scores upon request once a year.
If your home sits by the ocean, atop a fire-prone canyon or even in a not-so-nice neighborhood, you probably know you're paying more for homeowners insurance, but something even closer to home may be driving your monthly payments higher: your personal credit score.
Lower credit scores are widely known to impact mortgage availability and rates, but what most home buyers don't know is that they also increase the cost of homeowners insurance.
Occasionally, disputes about money arise between real estate agents. An agreement to split the commission on a listing; a share-the-buyer arrangement on an open house; a listing referral that becomes a new claim when the sellers turn into buyers; etc. etc. The list of possibilities goes on.
Moreover, it is entirely predictable that more of these disputes will arise as the number of teams and various joint enterprises grows and grows.
Staying comfortable through the summer often comes at a price (after all, air conditioning ain't cheap). If your energy bills have your blood pressure rising faster than the mercury in the thermometer, don't miss these tips on maximizing comfort with the AC turned off and minimizing expense with it turned on.
Read More : http://www.bobvila.com/keep-your-cool/47816-7-simple-ways-to-cut-your-home-cooling-costs/slideshows#.U_dp5cWSySo
A first-quarter survey of homebuyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent.
Homebuyers usually have a better grasp of current market value in the area where they’re looking to buy than do sellers who own and live there. Buyers look at a lot of new listings. They make offers, know what sells quickly and for how much, and what doesn’t and why. HomeGain reported that homebuyers still think sellers are overpricing their homes.
August is a great time for a family vacation—one last fling before school starts. But before you take a plane, train, or automobile out of town, make sure to protect your home against threats, ranging from burglars to basement floods. Read More : http://www.bobvila.com/mow-the-lawn/47767-9-ways-to-safeguard-your-house-before-a-vacation/slideshows#.U-o_qOOSySo