Real Estate

Subscribe to Real Estate RSS

Owning a Second Home

Submitted by Heidi Clute on Wednesday, November 19, 2014 - 3:00pm

Daydreaming of owning a second, seasonal home? A mountainside vacation house with a fireplace or two? Sounds enticing, but fulfilling this dream takes attention to detail and a firm vision of your long-term goals.

Ready to Buy First Home?

Submitted by Mary Beth Storjohann on Monday, October 20, 2014 - 3:00pm

Owning your home is fantastic — if you are financially ready. Here’s a quick checklist to help you determine if you can afford to be a home owner.

The first home purchase is not only a major life milestone, but it’s also a big financial commitment, a decision you should not take lightly. There’s a lot more to buying a house than just the price of it. Other items to factor in include mortgage origination fees, closing costs, interest, homeowner’s insurance and property taxes, which can fluctuate depending on the yearly assessed value of your property.

Retiring Mortgage Free

Submitted by Josh Patrick on Thursday, October 2, 2014 - 12:00pm

How often do you think about paying off the mortgage? Retirement may be harder if you still have debt. Ideally, you should enter retirement as free from a mortgage as possible. Here’s why and how.

Not having a mortgage reduces your overhead. That is to say, you need less money to live. You lower your personal break-even point. With limited income in retirement, this is always a good thing. Say your mortgage is $1,500 per month. If you pay it off before you retire, you have $18,000 more per year in your pocket.

Rent During Renovations?

Submitted by Wes Moss on Monday, September 8, 2014 - 3:00pm

Seen The Money Pit? Tom Hanks and Shelley Long buy a $1 million distressed sale fixer-upper mansion for $200,000. What happens next? Maybe the same catastrophes you envision if you renovate your house while living in it. Is residing somewhere else for a while a smarter move and how do you pull it off?

Preparing for the Unexpected

Submitted by Sophia Bera on Tuesday, August 5, 2014 - 3:00pm

You probably go through many days feeling invincible. Bad things – or even just the weird and unexpected – happen to other people, not you. Wrong. When life throws you curves, almost always when you least expect, you need ready cash.

One possible curve: You come home to a wild turkey in your living room. A few months ago, one of my clients took a weekend trip with her boyfriend. On Saturday, they got engaged. On Sunday, they received a call that the patio door on their apartment “blew out.”

Pages