Renting or Buying… Either Way You’re Paying a Mortgage

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month […]

You Can Never Have TMI about PMI

          You Can Never Have TMI about PMI When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, […]

Housing Market Could Get a Bump From Trump

Donald Trump was most famous for being a real estate developer before he became a reality TV star and then wound up Leader of the Free World. So it may not be a huge shock to find out that homebuilders have been on fire since he was inaugurated. Pulte (PHM), DR Horton (DHI) and Lennar […]

BOYFRIEND IS JUST AN IMPLIED TENANT, AND CAN BE EVICTED

By Christopher Combs April 1st, 2017 Boyfriend is Just an Implied Tenant, and Can be Evicted  Question: Two years ago our daughter’s boyfriend moved into the Gilbert home our daughter has owned since 2011. Her boyfriend gets drunk all of the time, is a womanizer, and abuses both my daughter and her two young children. The […]

How to Transfer Property Out of Trust for Beneficiary Deed

February 22nd, 2017 How to Transfer Property Out of Trust for Beneficiary Deed   Question: My mother is the trustee of her revocable living trust (“RLT”), and I am the sole beneficiary. The only asset in the RLT is my mother’s Sun City home. My mother wants to execute a beneficiary deed to me for her home which will […]

What to Expect From Your Home Inspection

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price paid for the home, ask the sellers to […]

Is This the Year to Move Up to Your Dream Home?

Is This the Year to Move Up to Your Dream Home? If So, Do it Early It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys: The University of Michigan Consumer Sentiment Index National Federation of Independent Businesses’ […]

RSS Simplifying the Market™

  • Slaying Home Buying Myths [INFOGRAPHIC]
    Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall.
  • Tax Return Depressing? Owning a Home Could Help
    Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.
  • Measuring Your Ability to Achieve the American Dream
    Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”
  • US Housing Market Continues the Move into ‘Buy Territory’!
    According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
  • Thinking of Selling? Now Is the Time to Act
    If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is […]
  • Is Your First Home Within Your Grasp? [INFOGRAPHIC]
    Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!
  • Home Mortgages: Rates Up, Requirements Easing
    The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen.
  • Millennials Flock to Low Down Payment Programs
    A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.