What Would an $80,000 House Really Cost?

On July 5, 2011 By

There are no simple answers to this question. When you buy a house, you incur all types of costs depending on your particular circumstances.

Some of those costs could be loan origination fees, title insurance, home warranty, escrow fees, document fees, HOA transfer fees, etc. These are all up-front costs, some of which can be [...]

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Is That Investment Profitable?

On April 29, 2011 By

I was poking through some of the properties in the Historic Phoenix Districts and I came across one that caught my attention, much like it would many people.

Aside from owning your primary residence free and clear and reaping the increasing valuation over time, there are two ways that I can think of off the [...]

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Defaulting on Your Home Equity Line of Credit (HELOC)

On April 16, 2011 By

If you’re not aware of what a Home Equity Line of Credit is, here’s a simple explanation.

If you purchase a home for $100,000 and the value increases to $150,000.00 you can borrow money against the value of your home. There are basically two ways to do this.

Cash Out Refinance:

That’s when you refinance [...]

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The Beginner’s Guide to Financing

On March 30, 2011 By

This is a very basic explanation of what financing is in the housing world.

When someone doesn’t have enough money to purchase a good or service, such as a home, they typically look to someone who does who is willing to lend that money to them.

In exchange for the use of someone else’s money, [...]

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The Right Time to Buy a Home May Not Be In A Down Market

On August 25, 2010 By

It’s all dependent upon the interpretation of the term, “The Right Time to Buy.”

For a pushy sales person, the right time for you to buy a home may be RIGHT NOW!  TODAY!  Don’t WAIT…can’t you smell the steak on this grill?  But the truth of the matter is, the right time for you to [...]

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Can You Appreciate This?

On August 15, 2009 By

In most instances, real estate increases in value over time. That makes it a great investment.  But as you think about your “investment” consider that those who pay cash for their homes, which most people cannot do, realize the greatest return on their investment.

Let’s take a look at the value of a $100,000 home [...]

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The Consequences Of Holding Out

On August 14, 2009 By

There are three compelling reasons to get a move on when it comes to buying a home.  1) You may be eligible for that $8000.00 first time home buyer tax credit, 2) homes are on sale, 3) most importantly, interest rates will probably increase.

The $8000.00 Tax Credit

First time home buyers have been given [...]

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Are You Really Ready to Buy a House?

On August 2, 2009 By

For most, buying a home is the largest purchase they’ll ever make, and it will most likely become the largest portion of their monthly budget as well.  There are many programs that have been put into place to make it easier for you to buy a home, but the question you must ask yourself is [...]

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