What Is Cap Rate in Real Estate? How Much You’ll Earn On an Investment
By Jamie Wiebe Sep 26, 2023 (Getty Images) If you’re thinking of investing in real estate by buying a home and renting it out, there’s one term you’ll need to know above all else: “cap rate.” Cap rate, or capitalization rate, is the ratio of a property’s net [...]
How HOA Fees Work in New Construction Communities: What to Expect
By Kimberly Dawn Neumann Sep 28, 2023 (Getty Images) When purchasing a new-construction home, most buyers prepare for the down payment, closing costs, and subsequent monthly mortgage payments. But one additional expense that sometimes gets forgotten in initial calculations is homeowners association (HOA) fees. These “neighborhood dues” [...]
Home Appraisals 101: 5 Things Appraisers Wish Sellers Knew
By Jamie Wiebe Sep 19, 2023 (Getty Images) Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial [...]
Interested in Buying an Unfinished Home? The Truth About Taking On What Someone Else Started
By Lisa Marie Conklin Sep 12, 2023 (Getty Images) The current inventory crunch means finding a house within your budget is tougher than ever. But what’s that you say? You found a house that’s half-built and on the market at a bargain price? There are myriad [...]
How To Get a Loan for a New-Construction Home: What Homebuyers Need to Know
By Kimberly Dawn Neumann Sep 19, 2023 (Getty Images) If you’re thinking of buying a brand-new home, you might be wondering if securing a mortgage will differ from one for a previously owned property. While much of the financing works the same for homes both new and [...]
4 Ways to Deal If Your Appraisal Comes in Low
By Maureen Dempsey Sep 13, 2023 (-Oxford-/iStock) The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisalcomes in significantly lower than the accepted offer. This is, to use technical real estate lingo, [...]
