According to Time Magazine, January is the best month to purchase a home. This is because there are simply fewer buyers willing to brave the cold weather, which also helps drive the prices of homes down. Unfortunately, if you're the one trying to sell your house during the winter, you might get frustrated at the lack of potential buyers, and may even consider accepting a lower offer than you could secure in the warmer months.
- If you want to avoid having major expenses to pay for after buying a house, you may want to consider getting a home inspection completed. A home inspection can reveal issues with a house you may not have thought of; however, home inspections can also be costly. Instead of paying for a home inspection, you may just want to inspect the house yourself. As you do this, here are three areas you should thoroughly investigate.
- Anyone in the process of looking for their first home knows how stressful it can be. In addition to talking openly about your personal financial situation with your lender, you might also be worried about potential neighborhoods, commutes, and costs. However, you might be able to fend off stress by doing a little extra legwork ahead of time. Here are two things you should do before signing paperwork on that new home, so that you can avoid a serious case of buyer's remorse:
- If you look around at homes for sale, you will probably notice that most have real estate signs in the front yard. There may be a few, here and there, that have "For Sale By Owner" signs, though. When people try to sell their homes themselves, it is normally because they are trying to save money. While this method can work for some people, it is not always the most effective method.
- The profitability of rental property often comes down to one thing: the quality of your tenants. If you have good tenants, they will pay their rent payments on time and will typically take care of their apartments. Bad tenants, on the other hand, can cause a myriad of problems for property managers. Because it can be hard to select the right tenants, many property management firms are now beginning to utilize landlord credit bureau services.