You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders among other benefits. But … More Which Downpayment Strategy is Right for You?
Becoming a homeowner is a big step with big rewards. However, it can also be a challenge, especially when it comes to saving for a down payment. Thanks to a new law that goes into effect in 2019, Alabamians will be able to save for a down payment with the First-Time Homebuyer Savings Account Program, … More Alabama First-Time Homebuyer Savings Account!
The Central Alabama real estate market continues among the most affordable and generally stable markets in the US. Is this a good time to buy or sell? … More Central Alabama Market Update–Fall 2018
Are you stuck in a hamster wheel or are you on the path to live your dreams? Do you feel like you are working hard but not getting ahead? Have you thought about goals, but don’t think you’ll be able to reach them? It can be tempting to just give up or to work even … More Are You Living Your Dreams?
When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales … More 5 MAJOR FACTORS IN PRICING A HOME
Are you one of those people who wakes up at night thinking about money? Sometimes the thoughts keep us from even getting to sleep. Sometimes they creep up even during the day. Usually the thoughts are questions like: How to get more? How to pay the bills? Will I ever have enough to live, let … More Money! Part 1
When buying a new house, it’s easy to get distracted by size and think that bigger is better. However, depending on your situation, the opposite may be true. So how can you determine if your new home is too small, too big, or “just right?” You’ll want to consider these elements. What’s Your Long-Term Goal? … More How big of a home do you need?
What to Expect for 2018—Home Values Last month, our blog included a review of the state and the Montgomery area residential real estate markets. (If you missed it, you can take a look at the previous blog, “Real Estate Market Trends: Part 1”). We learned that by the end of 2017 the supply of residential … More Real Estate Market Trends: Part 2
Statewide trends Overall, Alabama real estate ended 2017 relatively strong. Demand for residential real estate in Alabama Statewide rose 9% in December 2017 compared to 2016. Prices also rose 10% over the prior year level. The increasing demand has resulted in significantly reduced supply over the same period last year; overall statewide the supply of … More Real Estate Market Trends: Part 1
Do you sometimes think you are throwing away your money on rent? With homeownership there are many advantages as shown in the graphic, but one of the biggest advantages is that at the end of the time period of your mortgage you will OWN THE PROPERTY and your monthy expenses will be greatly reduced! With … More Buy or Rent? What should you do in 2018?