The Most Common and Costly Mistakes Made by New Homeowners

A new home is one of the biggest purchases homeowners will make in their lifetimes. Regrettably, sometimes costly mistakes are made by various parties of the transaction – builders, remodeling contractors, or even the new homeowners, themselves. Knowing a few of the common mistakes homeowners make can prevent future snafus from happening and save you …

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Checking Out a House? Check Your Credit First

If you’re in the market for a house, you might find the home-buying process complicated by one little number: your credit score. Whether you like it or not, the most important financial decisions of your life are affected by your credit rating, so it doesn’t hurt to be prepared well in advance. As home prices …

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Home purchases now made primarily by current homeowners

According to an article on DSNews.com, investors are no longer buying as much of the real estate inventory–but instead, current homeowners are. HousePulse attributes this change to the rising home prices and decrease in distressed inventory; home purchases from investors are now at 19.7 percent, down from 23.1 percent. First-time homebuyers had just a slight …

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6 in 10 homes on the market get multiple offers

A dramatic shortage of homes for sale in California has created an especially tough market for first-time buyers, with nearly 6 in 10 homes getting multiple offers, a California Association of Realtors survey shows. Fifty-seven percent of homes for sale got multiple offers in 2012, the highest percentage in at least the past dozen years, …

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