What Do Buyers and Sellers Pay in Closing Costs?

Usually, the buyer faces more line-item expenses, but the seller pays the commission. Rarely does a buyer or seller show up to the closing without knowing exactly what their costs of sale will be. In fact, based on the mortgage loan amount of the purchase/sale price, it’s not hard to ballpark either side’s closing costs. Before you get too far …

How To Pay Off Your Mortgage Early

Your loan term might be fixed, but it doesn’t have to dictate when you’ll be mortgage-free. Find out how to speed up the process. A lot can happen in 30 years. Kids become adults, jobs change, and life goals are accomplished and reset. Change during such a lengthy period is inevitable. But if you’re a homeowner, there’s one thing that …

Renters: Are You Ready to Buy a Home?

While you save up your down payment, take these 5 steps to get you closer to closing. For renters planning to buy a home, preliminary steps like creating a budget and saving for a down payment are obvious. Here are five more advanced steps toward moving out of your rental and into a dream home of your own. Understand the …

Important Credit Lessons Your Parents Didn’t Teach You

Listen up, kids: Paying interest is painful. Really, really painful. Parental wisdom is easy to ignore until you’re left scratching your head over simple adult responsibilities like paying taxes and budgeting. (We all have to make our own mistakes, right?). But even if you were listening to your parents, there are some important credit tips they likely didn’t mention. When …

Your Essential Moving Checklist

Map out everything you need to do, week by week, until the big day. Editor’s note: For many people, spring kicks off prime moving season. Wherever you’re headed, being well prepared to relocate will help minimize the upheaval and ensure that you can get settled into your new place as painlessly as possible. Every day this week, we’ll be giving …

We Weren’t The Highest Bidders, But Our Home Offer Letter Helped Us Get The House Anyway

When the home they loved was above their budget, this couple wrote an offer letter — and walked away with a win. After renting in Los Angeles, CA, for eight years, Jessica Arana and her husband, Nathan Stubley, decided it was time to put their money toward a mortgage. “We saw a few of our friends settle down into homes …

3 Steps to Buying a Vacation Home With Friends

Find out if teaming up to buy a second home is right for you and your pals. Given the current strength of the dollar abroad and the fast-moving real estate market at home, you may be thinking about buying a second home at your family’s tried-and-true vacation spot, on a sunny beach, or near your favorite ski destination. But what …

6 Things Buyers Can Do To Ace An Open House

How maximizing time at an open house can help buyers land their dream homes. Even if you start your house hunt on Trulia, traditional home-buying methods like open houses are still important, especially in hot markets like New York, NY, Chicago, IL, and San Francisco, CA. In areas where inventory is low and demand is high, even a weekday morning …

Design Trend: Shiplap All Over the House

See how you can apply this hot look in any space. Shiplap may be overtaking subway tile as the wall accent everyone’s talking about. There’s just something about those clean, orderly boards that makes people swoon. Many credit Chip and Joanna Gaines of HGTV’s “Fixer Upper” with popularizing the look, which they use to cover a variety of wall woes. …

8 Home Issues That Could Cause A Home Sale To Fall Through

Do you know what issues most often turn off buyers or kill a sale? Here are some of the big ones. From a leaky or aging roof to a positive radon test in the basement, there’s probably a lot on your home sale to-do list. And while, yes, you want your house to look its best for prospective buyers, there …