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Archive for June, 2018
Home Buying Isn’t as Far Fetched as You May Think
Owning a home is part of “The American Dream” and can often feel unattainable, especially for lower-income families. The thought of saving a down payment can seem a daunting task. Add the stress of finding the right home at the right price, and it can feel downright impossible. It’s not impossible! The United States Department of Agriculture (USDA) and Interfaith Housing Association have introduced the Purchase-Repair Homeownership Program. This program makes it possible for lower-income families to purchase homes that fulfill the USDA requirements and have money built into the mortgage to complete repairs on the home because almost all…
The Best Time to Buy and Sell
The decision has been made to sell (or buy) your house, but what do you need to know before you start? When you are looking to buy or sell a home, it is important to know the current market and how it will affect your transaction. A local Realtor® will be able to best assist you in coming up with a strategy to optimize both your buying and selling power keeping your best interest in mind. Seller’s market You’ve heard the term “seller’s market” but what exactly does it mean? A seller’s market occurs when the demand is greater than…
Show Me the Money
Getting a mortgage is one of the biggest financial steps you will take in your lifetime. It’s important to know how much home you can afford before you start looking and your lender can help with this process. If you are a first-time homebuyer, this is all new to you so we shed some light on what you can expect. Pre-qualification and pre-approval A lot of people think that the terms pre-qualification and pre-approval are synonymous. Don’t confuse them, as they are two different terms with two very different meanings. A pre-qualification will give you a rough idea of what…
Property Taxes and What to Expect in Certain Areas
Property tax is assessed on real estate and is usually based on the value of the property you own. This tax is assessed by the local or municipal government and is typically used to repair roads, build schools, remove snow or other similar services in your area. Depending on what county you live in, you will see different tax rates and if you live within the city or town limits, you will see an additional tax for that municipality. In Maryland, county and city taxes are not all you will see on your tax bill. Below, we discuss some of…
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