Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2023 home seller resolutions.
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Q: My wife and I bought a house in Maryland in early July 2022. The sellers wanted to stay in the house rent free for 30 days. They put up a $2,000 security deposit. After the sellers moved out, we found they had removed a light fixture, damaged a wall while removing an art object, and hired a contractor to do tree work without our prior approval.
The 2020s have mistreated home buyers. 2023 could mark a turning point in which the housing market gives them a fairer shake. Here are real estate trends to watch for in the coming year.Reasons for optimismThe outlook for home buyers is brighter than it has been since the beginning of the pandemic."There will be some...
Seven years ago, Phil Levin and his girlfriend, Kristen Berman, pondered a common question: Should we move in together?Levin assumed they’d take a predictable path and find a more affordable apartment outside of pricey San Francisco. But Berman, a behavioral scientist, shared her reservations about leaving their friend network – and some facts to back...
The third-quarter housing market was, yet again, unfriendly to first-time buyers. High mortgage rates moderated any relief from the high prices and scant listings that have dominated the past few…
Q: We tried to purchase two different lots in a lake community about two hours from where we live. They have a right of first refusal clause in the bylaws of the community association. We had signed contracts on both of these lots.
The housing market is in grim shape. The hopeful news is that America has been through this before — in 1981 — and things eventually got better.
Recently, the National Association of Realtors released their 2022 Profile of Home Buyers and Sellers. The news wasn’t good for first-time buyers or for those who have been waiting, impatiently, to buy their first home.
A typical first-time buyer was 36 in 2022, three years older than in 2021, data from the National Association of Realtors showed.
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it…
Q: My daughter bought a condo several years ago. Her condo is located in a suburb of Chicago. Last summer, she was notified that the complex was going to be reconverted to rentals. She was offered a price for her place along with an extra amount if she committed to selling by a certain date.
The housing market in 2021 was one for the record books. With prices at historic highs and the number of listings in a deep hole, open houses looked like Black…
Coming up with the money to buy a home is tricky. Here are some avenues to explore. PennyGem’s Johana Restrepo has more.
Q: My neighbor built retaining walls around his property about eight years ago. He recently sold the home. His retaining wall along my property encroaches onto my property by a bit less than a foot.
One week ago, the NBA fined Sarver $10 million and suspended him for a year after racist and sexist workplace behavior was discovered.
After two long years of home sellers calling all of the shots, home buyers are eager for the housing market to tilt in their favor. But modest improvements in the…
Q: The very competitive housing market is making it difficult for my daughter (and her partner) to win a bid for purchase. They have been pre-approved for a loan. I have ready cash. What would be the pros and cons of making a short-term loan, including tax implications, so that they can make a cash offer? And, what are the various ways we could go about it? Thank you for sharing your experience and expertise!
Q: I live in a nine-unit self-managed condominium building. Over the years, the board members rented out their units. In one year, two units sold and a third unit is up for sale. I’m concerned about the direction we’re going in. The president still rents out his unit. I’m a long-time resident. What do you think of the status of this situation?
Selling a home these days isn’t as effortless as a year ago, when a seller could choose among competing buyers. “Overall, I’d say the buying/selling experience right now is comparable…
Home prices rose by double-digit percentages in most major US cities at the beginning of this year.
Police say he bought catalytic converters that thieves cut from victims' cars.
Rates for home loans have pushed above 5%, further straining affordability in an already challenging housing market.
Here's a worrying tidbit that comes disguised as good news: More homes are under construction than at any time in the past five decades.
There are times when opting for a known brand does make sense, even if it costs you more. Veuer’s Chloe Hurst has the story!
Showings start April 1st at 9am. Welcome home to this stunning Contemporary masterpiece situated on a quiet culdesac in the popular Stonefield…