Posts by allanmcnabb
Avoid These Common House-Hunting Mistakes
Whether the real estate market is hot or cold, prospective homebuyers need the guidance of a real estate professional. Together you can create a homebuying plan that will help you avoid selecting the wrong home and keep you from spending more than necessary. Sometimes, the excitement and frustrations created by the competition for buying a…
Read MoreYour Offer to Buy a Home Was Accepted: What’s Next?
The house hunt seems to be reaching its end, a homeowner has finally accepted your offer! But now what? Has the process ended, and is it time to plan the move? While an offer acceptance is a positive step toward homeownership, certain hurdles must be cleared before completing the process. Some of the steps depend…
Read MoreThe Differences in Closing Costs and Prepaids
When purchasing a home, buyers are responsible for paying closing costs and prepaids. The difference between the two can often be confusing, especially since they are paid when closing on a home purchase. Here’s what you need to know so you’re prepared for closing day. Closing Costs vs. Prepaids: What’s the Difference? You might hear…
Read MoreHow to Get Started in Real Estate Investing
While growing wealth and investing can encompass many platforms and strategies, real estate has proven to be one of the most successful and dependable. Moreover, effective real estate investing can be a stabilizer and even a catalyst for increasing your net worth and is not as susceptible to market shifts and global uncertainty. Adding real…
Read MoreWhat to Expect at Closing
Closing on a new house can be one of the most exciting days of your life. But before you get the keys, you’ll need to sign several documents at the closing table. So, here’s what to expect on your big day. What Are Closing Costs? Closing costs are the fees and expenses buyers and sellers…
Read MoreHow Much House Can I Afford?
Most of us, at some point, dream of buying and owning a home. In addition, the initial investment can grow into a significant profit because of property value appreciation. For both first-time and experienced homebuyers, the question becomes: “How much home can I afford?” Calculating the Limit Working with a professional Realtor and lender at…
Read MoreHow Do Interest Rates Affect the Housing Market?
Most prospective home buyers work with a mortgage lender to finance a home purchase. In fact, according to a U.S. Census statistic in 2020, 64.8% of current homeowners used a mortgage loan to buy their homes. As interest rates fluctuate, borrowers generally lock in fixed rates to ensure that their monthly mortgage payments remain steady…
Read MoreWhat Does a Realtor Do for the Homebuyer?
Prospective homebuyers who begin their search without enlisting the knowledge and experience of a professional Realtor to represent them will miss out on a range of resources that can help them make an informed decision. Realtors add insight into the current market conditions and a real-time understanding of each neighborhood’s current conditions and characteristics. A…
Read MoreWhat Does a Realtor Do for the Home Seller?
Just about anyone who has ever sold a home with the help of a knowledgeable Realtor appreciates the role they played in counseling, guiding, advising, and managing the process. Roles of a Professional Realtor When Selling a Home Once a home seller connects with a knowledgeable Realtor to market and sell a home, they have…
Read MoreWhat is a Mortgage?
Unless homebuyers pay cash for the total price of a home, they are likely to borrow at least some of the money needed to make the purchase. Lenders offer a broad array of secured loans, known as mortgages, to help buyers realize their dream. A mortgage is a loan used to purchase real estate, a…
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