What is Home Equity?
Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example:
Current Home Market Value $325,000
Existing Mortgage $225,000
Homeowner Equity $100,000
…
The ‘smart home’ is the new ‘internet of things’, or objects that can serve you better by communicating with each other or directly with you through apps on your smart phone. In the ideal version of the wired future, all of our appliances and gadgets talk to each other …
Just like other fields, real estate has its own jargon. People in the industry throw around abbreviations and nicknames all the time:
FIZZBO (for sale by owner)
Transaction (when a home is under contract)
FHA or RD (Government backed loan programs)
Seller carry (when the …
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Maybe your dream home has the intricate details that you usually find only in older construction - wainscoting and crown molding in the interior, the front porch with a swing, an older tree shading the back yard, and the white picket fence.
Or maybe your dream …
Whether you're definitely putting your home on the market this year or in the next five years, it is a smart decision to start building your home's resale value now. Here are some ways to create a comfortable home while making it easier to put more money into your …
You can't avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn't place an unjust burden on you. As a Montana homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and …
The greatly anticipated rate hike is coming....likely tomorrow, December 16, 2015. Putting aside the buzz and confusion, here's an explanation to some of the terms being thrown around as well as what's due to happen in layman's terms:
What does "Fed funds" rate even mean?
According to Lou …
This is part one in a multi-part series. Number of parts to be determined by my desire to write more parts.
Now, on to the disclaimer: This post assumes you have already decided to yes, definitely sell your house. This post also assumes you don't have gobs of money …
Buyers shop for homes using logic and buy a home using emotion.
If you've ever purchased a home before, heck if you've even gone house shopping and not bought one, you know the drill:
Funny smells, strange 70's furniture, knick-knacks everywhere. Walking into a …
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Does this sound familiar?"I've had my house listed for almost three (or six or nine) months and absolutely nothing has happened. I haven't even heard from my real estate agent in weeks."