What Is a Mortgage Escrow Account?

Understanding the escrow account for a mortgage

A mortgage escrow account is one of the terms you’ll likely come across in your home purchase process. Moreover, a mortgage escrow account comes into play after you’ve bought the house. If you’re unsure how this concept works, you’re in the right place. Keep reading to learn more. According to a Statista report, home purchases…

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BRRRR: A Method to Build a Profitable Real Estate Portfolio

A profitable real estate investing strategy can be BRRRR

There are plenty of benefits to investing in real estate. Owning land, houses, and other properties offer excellent returns, tax benefits, and long-term appreciation. It’s also helpful to diversify an investment portfolio by acquiring various assets, such as real estate. Some investors opt to apply the Buy, Renovate, Rent, Refinance, and Repeat (BRRRR) method to…

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Screen Appeal is the New Curb Appeal

Besides Curb Appeal, don't forget screen appeal when selling your home

Gone are the days of driving from house to house and physically taking a tour with a real estate agent. Although some people still prefer this approach to buying their next home, the practice has led to a new way of showcasing homes online with images and videos. Nowadays, potential buyers can peruse properties online.…

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What is the Best Time of Year to Buy a Home?

The best time of the year to buy a home

Several external factors determine the best time to invest in a property, whether it involves getting a mortgage or making an instant purchase. However, the most significant influence tends to be the yearly seasons of winter, spring, summer, and fall. The social, economic, and political calendar of the United States operates based on the yearly…

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Five Red Flags When Buying a Home “As Is”

Avoid these five red flags when you are looking for a new home

You might come across listings for homes sold “as is.” These listings grab buyers’ attention because they’re often priced lower than similar properties on the market. A seller’s market could also make would-be buyers eager to act and make an offer without inspecting the property, which 47% of them did in recent years. However, as…

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How Do You Know It Is Time to Downsize Your Home?

Tips on when to consider downsize your home

Homeownership continues to be a goal for many people, with it being a sign of stability and financial capability. And for young professionals, it’s often considered an important milestone in their journey toward a secure future. However, economic landscapes and homeowners’ lifestyle goals continue to evolve over time. Therefore, downsizing to a smaller home benefits…

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Why Choose a Real Estate Agent Over “For Sale By Owner”

The benefits of using a real estate agent when selling your home

The number of houses sold in the U.S. has steadily risen since 2011, except for 2014 and 2018. In 2021, the United States sold over 6.1 million homes. This number is the highest in the recent history of the country’s real estate market. Experts expect this trend to dip slightly in 2022 and regain its…

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How to Find the Right Real Estate Agent

Tips to help find the Right Real Estate Agent for you

Since buying or selling a home is one of the most significant transactions you’ll ever make, working with an expert is essential. As a seller, you risk overpricing or underpricing your home. On the other hand, if you’re a first-time buyer, you might not have the bargaining power to purchase a home at a good…

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How to Use an Escalation Clause When Buying a Home

Tips on using an Escalation Clause When Buying a Home

Home prices have consistently risen. For instance, according to Statista, the median price for a single-family house stood at about $391,200 in April 2022. That represents an increase of over $100,000 since 2018. Mortgage rates have also risen significantly. You’d expect these sharply higher rates to slow down house price appreciation. As a prospective buyer,…

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What are the Financial and Tax Benefits of Homeownership?

Benefits of being a homeowner

Homeowners who have maintained their properties in good condition can see a significant return. Even adjusting for inflation, home values tend to have positive gains over the years. Note: Consult your licensed financial tax expert before making changes in homeownership for financial and tax purposes. Home Price Trends While the average home price has risen…

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