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The first thing that most of us think of is the adage... "location, location, location". While that is certainly very critical, there are many other things to consider when buying real estate. Here are some universal guidelines. How long do you intend to stay in a home This is an important question to consider because moving is quite expensive. If you're in a temporary job and may soon be relocating to another city or even state, renting rather than owning might be a better option. While none of us entirely knows how our future will play out, understanding how [...]

In a market where demand is strong and it has become more difficult to figure out how much buyers are willing to spend, how do real estate agents determine the right asking price for a house? It has never been an exact science. These days, agents often find themselves starting at a higher price than is borne out by the facts and go from there. Supply and demand, of course, dictate asking price. Obviously, if the supply is low, the asking price will have to be adjusted upward to meet it. In general, though, the asking price is a [...]

If you're entering into the real estate market for the first time, you'll hear the old adage: location, location, location. That's three of the key factors... I'm kidding but, location is, indeed, a very important concern. However, many buyers think location is most important because of the surrounding area. So, if the neighborhood is nice, with parks, good schools, retail stores nearby, and somewhat close to freeways, it's a good location. But what also makes it a good location is how close it is to your work. These days many people are telecommuting, which allows them to work from [...]

Some myths take on a life of their own. Not only do they refuse to die, but also they grow and expand. Recently, it has come to our attention that this seems to be true of what we might call the real estate myth of prohibited language. Like most myths, it began in a truth. The truth was, and is, that Section 804(c) of the Fair Housing Act "prohibits the making, printing, and publishing of advertisements which state a preference, limitation or discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin." The prohibition [...]

What you should know when looking for a house If you’re shopping for a home and can afford to buy one, you couldn’t be in a better position right now. In many parts of the country, housing inventory is high and both home prices and interest rates are low and as a buyer, you can take advantage of that. With so many properties on the market, you can probably take a more leisurely approach to house hunting without getting into a fast-paced bidding war. There is a caveat, however. The best homes priced properly for the market conditions [...]