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When you go house hunting, you might come across a property you love in a community governed by a homeowners association (HOA). Buying a house that belongs to an HOA could carry benefits, but it would also come with rules, restrictions and fees. The specifics …
Moving from renter status to owning your own home is a proud and exciting experience. You’ve worked hard to get there, and nothing should jeopardize your achievement. The money management experts at Investopedia propose seven strategies new homeowners should employ to be sure nothing gets …
Those considering purchasing a new home may want to consider becoming a condo owner. Popular with every homeowner—from first-time buyers to retirees—condos offer many advantages over a traditional stand-alone property. Below are the top three. Affordability: If you’re looking for a newly built home, a condo …
For generations, most home purchases were made by married couples. With many people postponing marriage to pursue an education and a career, more and more single adults are overcoming challenges to become homeowners. Meet Income RequirementsIf you want to buy a house by yourself, the …
If you plan to sell your home in the future, you want to earn a profit…or at least get back what you paid for it. A house can depreciate, or lose value, for a variety of reasons. Some are beyond your control, but you can …
There are many ways parents can help their children purchase a home: contributing to a down payment, helping with closing costs, co-signing a mortgage or allowing their kids to move back home so that they can save money. While most of these avenues involve giving …
Often, those looking to purchase an additional home get confused between a second home and an investment property. However, the two are not interchangeable – especially when it comes to their financing. Second Home, DefinedA second home is real property that the homeowner intends to occupy …
If you’re buying a house with cash only, you may have gotten a lower price for it and you certainly won’t have to deal with a bank to get a mortgage loan. Another advantage is that you don’t have to buy title insurance to protect …
Look in the legal notices section of your local newspaper and online. A notice is also usually posted on the property itself and somewhere in the city where the sale will take place. However, agents are the best source for information about foreclosures before they …
When you want to move, there is no guarantee that things will happen quickly. You might find your dream house in a few days, secure a mortgage and be able to move in right away. On the other hand, it might take months to find …
