As millions of Americans go in search of their first home this spring, many may find that the starter homes they once envisioned now have long-term home prices. Now what? Spring Madness is a week-long Inman series analyzing this year’s spring homebuying season. We’re digging into the state of the housing market, the impact of … Read more
Cash, credit cards, loans; not all financing options are created equal…
Buying land is one way to get your dream house, but the rules can be much tougher. And you might have to source your own electricity. To Vicky and Mickey Popat, it seemed as if everyone in Orlando, Fla., wanted to buy a house last spring. “The market here was so skimpy that any time … Read more
If omicron (and future variants of the novel coronavirus) does not require more federal intervention, experts say they expect to see 30-year mortgage interest rates of 3.5 percent in 2022 If only we could foretell the future, we’d have bought Apple stock at the start of the pandemic. While we can’t look forward with that … Read more
One significant disadvantage of holding properties in an LLC is that you may not find a lender willing to finance the properties while the ownership is in an LLC. You may also not be able to secure the lowest interest rates with the lower fees. I own two residential rental properties, and the first piece … Read more
Psychologists, addiction experts and gamification specialists agree search portals like Zillow and Realtor.com can be irresistible to vulnerable users. But the question is, how big of a problem is it? Consensus grows as users scroll… “Redfin and Zillow put me to bed every night,” Patrice Grell Yursik admitted in a recent discussion on Facebook. Yursik … Read more
Financial experts say that’s not smart. In fact, it’s a terrible idea. For Baltimore’s top lawyer, it led to federal charges. Even if Baltimore State’s Attorney Marilyn J. Mosby isn’t guilty of the charges brought against her, she is certainly guilty of making a monumentally bad financial move. Mosby withdrew retirement money to invest in … Read more
Buying a home can seem like a daunting process — it just may be the most expensive and emotionally charged purchase of your life. But even during a pandemic, with careful research and determination, the keys to that dream home can be yours. We’ll help you along your path toward homeownership. The Decision to Buy… … Read more
They come with character and charm, but repairs, insurance and historic commission rules can make the purchase of an older property more complicated than new homeowners realize Brian Sanders, 47, co-owner of a McMinnville, Ore., car dealership, and his wife, Heather, 29, didn’t set out to purchase a 90-year-old home, but when they began their … Read more
Here’s How to Win Their Heart (Or at Least Get on Their Schedule). They’re as unattainable as the Prom King or Queen. Fortunately, the tactics you used to win the high school hottie also work on plumbers, electricians, carpenters and other skilled craftspeople. It’s virtually impossible at the moment to hire anyone to do any … Read more
