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Advice Topic:
Affordable Housing

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Affordable Housing

54 questions found

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Is it a bad idea to sell my house after only living in it for three years?

I bought my current home about three years ago, but my job is relocating me to another state. I know there are usually closing costs and agent fees involved when selling. Will I lose a lot of money if I sell this soon, or has enough time passed to at least break even?

8 Answers

Can I get a mortgage with only 3% down if I have a strong income but low savings?

My husband and I recently graduated and started great jobs in Seattle, but the rent is killing our ability to save a massive lump sum. We have excellent credit scores and make good money, just not a lot of cash in the bank right now. Are there conventional loan options that allow for a very low down payment in high-cost areas?

9 Answers

Can I use a personal loan to cover the down payment for my first house?

My fiance and I are looking to buy our first home in Ohio. We have great credit and pre-approval for a conventional mortgage, but our cash savings are a bit short for the down payment we want to make. Would a lender allow us to take out a small personal loan to make up the difference, or will that disqualify us from getting the mortgage?

7 Answers

What is a build to rent community and should I buy near one?

There is a huge new development nearby but a friend told me it is all build to rent houses owned by a giant corporation. Does living next to a neighborhood of 100 percent renters hurt my property value or does it mean the area will have better amenities like parks and pools?

9 Answers

What are the hidden costs of buying a new Construction home?

Looking at a new build development. The base price is in my budget, but then they mentioned lot premiums, design center upgrades, and something called a SID/LID tax. By the time I add a backyard and blinds, am I going to be $100k over budget? What should I ask the builder before I sign?

19 Answers

What is house hacking?

I keep seeing videos on TikTok talk about house hacking and how you can live rent free. Does this just mean getting a roommate, or is there a specific way to buy a multi-unit property with a loan and then charge renters more than the mortgage?

16 Answers

I want a fixer-upper - what are deal breaker, don't buy redflags for fixer uppers?

I'm not super handy or knowledgeable about this stuff but I think I can handle a fixer-upper that maybe just needs cosmetic and then I pay someone to do one or two of the bigger projects. I’m looking at cheaper houses that need work. I don't mind painting, but what are the issues that are too expensive to fix? Foundation? Mold? Knob and tube wiring? What should make me instantly cancel the contract?

15 Answers

How are we supposed to sell and buy at the same time with these rates?

I have a 3.8% mortgage. If I sell, I’m looking at 7%. I feel locked in. Are people actually selling right now, or is everyone just waiting for rates to drop? Is there a strategy to make the math work?

11 Answers

Sell house and move or HELOC?

I have been in my house since 2019. It's small. My family is outgrowing it. rnCurrent house was $110k. Have about 75k left. Our mortgage is awesome. ~$800/mo. 4% interest rate. I am terrified of being house poor. We can definitely afford a higher monthly payment on a bigger house but with the current market I'm not sure a few extra hundred per month is going to get us a bigger house.rnrnI am considering a HELOC because we have a basement that would add so much room if able to finish it. The basement would need a ton of work. Probably 15k in sump and waterproofing before we could even put up walls, electricity, etc. I have some savings but I'd like to keep it for emergencies. Opinions?

18 Answers

Why are houses so expensive?

I am finally ready to buy. I have been renting for years and I want to own. I have been paying $1400/month in rent recently for a 2 bed 1 bath and I was hoping that I could buy a slightly bigger home and have a similar monthly mortgage payment but I can find nothing. Even outside of my desired area home prices are going crazy. What should I do? Why are home prices so high will they come down?

13 Answers

Related Blogs

How to Find a Trustworthy Real Estate Agent: Questions, Red Flags & More

Advice Topic:
Affordable Housing

Ask An Agent

Affordable Housing

Is it a bad idea to sell my house after only living in it for three years?

Can I get a mortgage with only 3% down if I have a strong income but low savings?

Can I use a personal loan to cover the down payment for my first house?

What is a build to rent community and should I buy near one?

What are the hidden costs of buying a new Construction home?

What is house hacking?

I want a fixer-upper - what are deal breaker, don't buy redflags for fixer uppers?

How are we supposed to sell and buy at the same time with these rates?

Sell house and move or HELOC?

Why are houses so expensive?

Related Blogs

How to Find a Trustworthy Real Estate Agent: Questions, Red Flags & More

Turning a Second Home Into a Rental: Tax Tips to Avoid Trouble

The Hidden Property Risks Buyers Overlook Before Making an Offer

Contributing Real Estate Professionals

Zoltan Peresztegi

Keith Jean Pierre

Juan Picos

Michael Atkinson

Loodmy Jacques

Kevin Neely

Jonathan Claudio

Alla Novytska

Amanda Courtney

Austin Moore

Barrett Henry

Becky Groe

Advice Topic: Affordable Housing

Ask An Agent

Affordable Housing

Related Blogs

How to Find a Trustworthy Real Estate Agent: Questions, Red Flags & More

Turning a Second Home Into a Rental: Tax Tips to Avoid Trouble

The Hidden Property Risks Buyers Overlook Before Making an Offer

Contributing Real Estate Professionals

Zoltan Peresztegi

Keith Jean Pierre

Juan Picos

Michael Atkinson

Loodmy Jacques

Kevin Neely

Jonathan Claudio

Alla Novytska

Amanda Courtney

Austin Moore

Barrett Henry

Becky Groe

Advice Topic:
Affordable Housing