Trulia’s report indicates that buying a home is more cost-effective than renting in 100 of the largest metro areas, boasting an average savings of 37.7%. Ralph McLaughlin, Trulia’s Chief Economist, emphasizes the financial benefits of homeownership as a means to build long-term wealth. Here are five reasons supporting the financial sense of owning a home: […]
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Power of attorney is a legal arrangement that grants someone the authority to act on your behalf in various matters, including the sale of your house. Here are key points to understand about power of attorney in the context of selling a home: Granting Authority: Power of attorney empowers an individual (the agent or attorney-in-fact)
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Navigating the home buying process can be both exciting and challenging. Here are some practical tips to guide you through the journey: Before Starting the Process: Save for a Down Payment: Aim to save approximately 20% of the home’s purchase price. Consult with a Realtor to understand the specific requirements and options. Work on Your
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Selling an inherited house is a significant decision that involves various considerations, from emotional attachments to financial implications. Here are key points and considerations when faced with the prospect of selling an inherited property: Tax Implications: Before making any decisions, consult with a tax advisor to understand the potential tax implications of inheriting the property.
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NRTC stands for “Not Represented To Code,” and it is commonly used in the context of real estate transactions, particularly when dealing with features like wood-burning or gas fireplaces and wood stoves. Here’s a breakdown of what NRTC means and why it’s used: Definition of NRTC: NRTC literally translates to “Not Represented To Code.” Application
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Private Mortgage Insurance (PMI) is a crucial component in the home-buying process, especially for first-time homeowners. Here’s a breakdown of PMI, its purpose, and why it’s necessary: What is PMI? PMI stands for Private Mortgage Insurance. It is required by mortgage lenders when the homebuyer’s down payment is less than 20% of the purchase price.
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Have you had “the talk” with your parents yet? No, not the one about the birds and the bees, but a crucial conversation about their changing needs and the potential transition from the family home. While the family home may have been ideal for raising a bustling household, circumstances change as children grow up and
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VA Mortgage: A VA (Veterans Administration) mortgage allows active service members, veterans and surviving spouses to receive backing for home financing that takes the form of guarantees by the Veterans Administration. Benefits can include a more favorable mortgage term, zero downpayment and more!
Olear Makes It Clear – Episode 23 – VA Mortgage Read More »
Appointing an executor after death is a crucial step in managing the affairs of a deceased individual. Your outlined guidelines provide a clear overview of the process for those seeking to become an executor. It’s important to emphasize the significance of understanding state-specific requirements and laws, as they can vary. Additionally, you’ve rightly highlighted the
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The adoption of an amendment to Williamsville’s village code allowing residents to keep chickens in their backyards reflects a growing trend in various communities where urban or suburban agriculture is gaining popularity. Here are some key points and considerations regarding this change: Special Permit Requirement: Residents interested in keeping chickens in their backyards will need
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