(TNS)—The Fed lowered rates by a quarter of a percentage point Wednesday, for the third time this year, in an 8-2 vote. Citing “global developments for the economic outlook as well as muted inflation pressures” in a statement released by the Federal Reserve, policymakers dropped the target range for the federal funds rate to 1-1/2 to 1-3/4 percent.
Taking on a mortgage, especially as a first-time homebuyer, can be intimidating. Finding out that it can lower your credit score can be downright stressful. It’s a bit of a “Catch 22”: You need good credit to buy a house, but buying a house lowers your credit.
Whether buying or selling a home in St. Louis, finding the best realtor will involve some work. You’ll want to ask people you know for referrals, do some research, and finally, interview the best candidates. (Read Follow These 3 Steps to Find a Real Estate Agent.) Sales statistics and experience are important, but you need to feel confident in your decision on a more personal level, too.
After the real estate bubble burst in 2008, it seemed like foreclosed houses could be found in almost every neighborhood across the country. The number of foreclosed homes reached an all-time high in 2010 but has steadily decreased each year since. Nevertheless, as long as there have been mortgages, there have been people unable to pay them. Buyers can get a bargain buying a foreclosed home. But if they’re not cautious, they can get more than they bargained for.
Whether you're a new homeowner or just a homeowner new to an HOA, it can be difficult to understand exactly what your responsibilities are and how these new rules will be enforced.
Believe it or not, most realtors still encourage open houses. Far from being obsolete, they can be a great way to showcase a home when they’re managed by a competent real estate professional.
To understand why that’s the case, it helps to understand the psychology of how people buy houses, even with today’s modern technology.
You’ve made the decision to sell your home and you want to do it fast. Selling a house is stressful, and every day it’s on the market can ramp up the anxiety. You just want it done so you can move to your new home and get on with your life.
When you’re planning to sell a home or buy a home—it’s a big deal. Sure, you can do it on your own, but it’s a complicated process and will take up a lot of your time. There are some things that are better left to the experts, and real estate is one of them.
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No matter why you’re moving or where your new home is, there’s one thing every seller wants—to find a buyer fast. Sure, it’s partly luck, but there are some things that can speed up the process.
Most people find it difficult to move out of an apartment and into a permanent home as quickly as they'd like, but some have particular urgency in their search. Whether it's the growth of the family, a toxic landlord or just the innate desire to break ties and own your own land, the months-long process just isn't fast enough for some folks.
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