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Buying? Must-Have Contingencies to Include in Your Real Estate Contract

A home purchase is not like buying a dishwasher – you can’t just “return” it if things don’t pan out the way you planned a few weeks down the road. Once you’ve sealed the deal, you’re stuck. And while this is usually a good thing when you find the right home, it’s important to place a few contingencies in the contract before you agree to take over ownership and commit yourself to a mortgage.

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5 Reasons to Beef Up Your Down Payment

Nowadays, there are options for homeowners to put a minimal down payment towards the purchase of a property. Amounts as little as 5%, 3.5%, and even zero percent have been pretty popular, particularly with first-timers who are trying to break into the housing market for the first time and don’t have the funds from a previous property to put towards another purchase. But while small down payments are definitely an option, they’re not the best choice if you want to be free of mortgage payments sooner rather than later.

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Are Foreign Investors Upping the Competition With American Buyers?

Not only is there a serious lack of inventory in many parts of the US, there’s also a housing affordability issue at play. And depending on where you live, both of these matters combined spell trouble for the average American who is looking to get into the real estate market but can’t find the right property at the right price.

How much do foreign investors have to do with this scenario?

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‘Micro’ Apartments – the Newest Trend in Housing Across the US

Picture yourself living in a 300 square-foot minuscule apartment, and paying the same rent price as you would for a place three times the size. That’s exactly what an increasing number of renters are doing these days just to be able to claim zip code in some of the country’s most expensive places to live.

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What’s Driving California Housing Prices Up?

Housing prices in California have long been higher than most other states in the US, and the gap just seems to be getting bigger. Unfortunately, that’s driving many blue-collar and middle-class residents out of the state.

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What’s the Difference Between a Mortgage Pre-Qualification and Pre-Approval?

Real estate agents will often recommend that their clients get pre-approved for a mortgage before embarking on a home search. It gives buyers a better idea of how much they can comfortably afford, and gives sellers the peace of mind knowing that there’s a good chance that the buyers will be capable of obtaining financing for a streamlined deal.

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Should You Pay Your Mortgage Off or Keep Refinancing?

Taking out a mortgage typically means making regular payments until the loan is paid off. But while this may have been the traditional way of looking at mortgages, many homeowners these days are choosing to keep their mortgages by refinancing to take advantage of certain benefits, such as getting a lower interest rate, using the equity to invest, consolidating debt, or taking advantage of tax deductions.

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INFOGRAPHIC: How Did California’s 2015 Housing Market Stack Up Against 2014?

California’s housing market has been through an extended period of tight inventory, high prices, and mediocre housing affordability. But the numbers are teetering in our favor, no matter how gradual and slow the improvement. All in all, the overall housing market in California improved in 2015 from 2014 with sales increasing, affordability improving, and foreclosures on the decline.

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Luxury Real Estate in San Fran Headed For a Cooling Off Period

If there’s any place on the planet that’s known for its luxury housing, it’s San Francisco. But despite flourishing since the market started improving after the recession of 2008, the luxury market in San Fran is beginning to cool off.

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5 Financial Benefits of Owning Real Estate

Home is where the heart is. But it’s also where the money is. Your home is more than just a place to lay your head at night and raise a family. It also comes with a number of financial perks, even though you may have had to take out a loan in order to buy […]

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