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The real estate industry is going through changes, despite the attempt of some to keep it the same. Learn more about reduced commission agents, online options and other non-traditional services.
Home buying and selling mistakes
We're coming up one of the housing market’s peak buying and selling times. With that in mind, what are the biggest mistakes made by both sellers and buyers? For sellers, I find the number one mistake they make is in selecting an agent. If you're interviewing agents, don’t list with ...
Increase in home equity bodes well for worker mobility
Equity in homes is going up for the first time since the real estate bust began. That's a clear sign of recovery in so many places. One third of Americans who have a home now own it free and clear, according to the latest data from Zillow. The cities where ...
Sandwich generation impacts home sales, building trends
Get ready to take a bite out of the great American sandwich! As if raising children weren't hard enough, many of us are now taking on financial responsibility for parents too. The sandwich generation -- a term that describes those homeowners who are getting hit with money obligations arising from ...
Free smartphone app gives buyers instant info on homes
When you're shopping for a home, trying to zero in on the best property is more art than science. But there's a new tool out there that's trying to shift the balance toward science. HomeSnap is a free app that lets you drive down a street, pull out your smartphone, ...
Gotchas for new homebuyers
People are buying new homes again, but there are a couple of gotchas you've got to look out for. About a year ago, I told you that Wall Street firms had been inserting a new, hidden resale fee into the paperwork when homebuyers purchased new homes from developers. The firms ...
Foreclosures being rented by bogus landlords
Con artists have been taking advantage of the housing meltdown by acting as bogus landlords and renting foreclosures. Here's how this typically plays out: A criminal will scout out a neighborhood and find the foreclosures. Then they call a locksmith out to the property and say they locked themselves out. ...
New government incentives for home buyers
MONEY-SAVING MOMENT: Fannie Mae and Freddie Mac are offering special incentives to buyers (and to agents that bring buyers to the table) if you buy one of their REOs over the summer. The incentive money for buyers is available strictly for people who want to occupy these REOs (real estate ...
Mortgage brokers will be required by law to give you the best rate
New rules going into effect in the next few days will outlaw the practice of mortgage brokers putting borrowers into higher-rate mortgages in return for kickbacks from lenders. This egregious practice was happening throughout the housing boom (and the bust) and very often homebuyers were none the wiser. That's because ...
First-time homebuyer tips
For many people, right now is most ideal time that may come along in your lifetime to be a first-time homebuyer. There are two reasons: Cheap home prices and incredible mortgage interest rates. Here are some key pointers to keep in mind as you undertake the process of qualifying for ...
Closing costs reach national average of $2,730
The disparity in closing costs around the nation really proves that all real estate is local. A new BankRate.com survey shows that $2,730 is the national average. But a state like Nevada can be as little as $2,236, while the average in Texas is a whopping $3,855. You should know ...
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