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5 Major Red Flags to Watch for When You’re Touring an Open House

An open house is one of the best opportunities a potential homeowner will have to take stock of a home and determine if it will work for them. However, it can also be a good opportunity to discover some glaring red flags that might make it a less worthwhile investment. If you're currently perusing the open houses in your neighborhood, here's some things you should make sure to watch out for. A Selling Hot-Spot It's well and good if you love the home you visit, but 'location, location, location' is a popular phrase for a reason. If you've noticed a…
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What’s Ahead For Mortgage Rates This Week – January 2, 2017

Last week's economic reports were in short supply due to the Christmas holiday. Events reported included Case-Shiller home price indices, pending home sales and weekly readings on mortgage rates and new jobless claims. Consumer confidence was also released.   Case-Shiller Readings Indicate No Slowdown in Home Price Gains Case-Shiller's October readings for its home price indices showed continued growth in home prices. In spite of rising home prices and mortgage rates, high demand for homes and slim supplies of homes for sale continued to fuel higher home prices. According to Case-Shiller's national home price index for October, home prices rose…
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Selling Social: How to Leverage Your Social Network to Sell Your Home Faster

There were days when the marketing of a home involved plunking a sign into the front yard, but with the power of the Internet, there are many mediums through which home sellers can find potential buyers. If you're currently looking at ways to use the power of social media in order to get your ideal purchase price, here are some things you can do to best harness its capabilities. Make A Facebook Page According to the social market service provider, Postling, approximately 80% of real estate agents are now using Facebook in order to market and sell their properties. This…
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Did You Know? A Mortgage Professional Can Save You a Lot of Money. Here’s How

Many people forego a mortgage broker and decide to go through the application process on their own, but a mortgage professional can actually work to save you money when it comes to your biggest investment. Whether you're new to the market and are looking for tips or are just a prospective buyer in need of advice, here are a few reasons you may want to consult a broker to make for an improved real estate investment. Liaising With The Lender If you go it alone without a lender, you may be able to find a good loan opportunity, but because…
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Case-Shiller: Home Price Growth Continues

Home increased in October according to Case-Shiller's 20City Home Price Index. Home prices rose from September's annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September's reading. West Continues to Lead Home Price Growth Top home price growth rates were in Seattle, Washington at 10.70 percent, Portland, Oregon at 10.30 percent and Denver, Colorado with a seasonally-adjusted annual price increase of…
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3 Things You Must Do after Inheriting a Home

There can be a lot of excitement when it comes to the realization that you've inherited a home, but simply because it's an inheritance doesn't mean there aren't a few strings attached. Whether you're expecting to be gifted with a home in the future or you're currently going through this process, here are a few things you may need to watch out for. The State Of The Mortgage Once a home has been effectively handed over to you, it's important to determine the status of the mortgage with the lender and if anything is still owed. While you have the…
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