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How Lease Options Work When You ‘Rent To Own’ A House

We spend a lot of time debating when you know it's a good time for you to buy a home and, sometimes, offering gentle reminders that it can be smart to rent. But there's another option: One that melds the pros and cons of both home ownership and … [Read more...]

How Do You Know When You’re Ready To Buy A Home?

Sibling rivalry doesn't end at childhood; just ask my sister. Amber bought her home at 25 years old, almost immediately after I purchased my house. She couldn't let her baby brother be the only homeowner in the family. After all, owning a home is … [Read more...]

A Home Buying Checklist: Organize Your Wants and Needs

If you came to me as a prospective home buyer and asked to go out shopping for houses, there are two things I would ask you: What do you want in a house and What do you need in a house? To many people, this subtlety is lost. If buyers tell … [Read more...]

What I Learned From Buying My First Home

A few weeks ago, I closed on my first home. (Two months ago, I didn’t even know what closing on a home really meant...that's how fast this all happened!) Still, we've been on the road to this day for a few years. My husband and I paid off our s … [Read more...]

Is It Your Time To Buy A House? Four Questions To Ask Yourself

Editor’s Note:  Many of you write in asking if you’re ready to buy a home. Others have asked if rental real estate makes a good investment, which we will get into in two upcoming posts. If you’re a happy renter, know that we're not unduly glorifying r … [Read more...]

Lessons from a Realtor: 7 Dos and Don’ts for Buying or Selling a Home

Between the dream of home ownership and turning the key to your new home, a lot has to happen---and a lot can go wrong. After all, real estate transactions take place between two imperfect parties: human beings. When I started out as a Realtor, I … [Read more...]

Why So Many People Are House Poor and How You Can Avoid the Same Fate

Wouldn’t it be nice if buying a home were as easy as walking into a store and out with a new smartphone? Unfortunately, it’s hardly so simple. As I'm finding out, getting ready to buy a home requires a ton of preparation (not to mention saving). But a … [Read more...]

How Much Is Your Home Worth?

Millions of you want to know the answer to one seemingly simple question: How much is my home worth? Sadly, in many cases, the only simple answer is "much less than you paid for it." (Go ahead, you can share your story in the comments. This should … [Read more...]

Buying a Short Sale: Is It Worth It? (And Does It Really Take Six Months?)

Many U.S. real estate markets are flooded with short sales and, according to the National Association of Realtors, that number is only expected to increase in the near future. So if you’re in the market for a new home, there’s a good possibility that … [Read more...]

How to Buy a House at Auction: Can You Really Get a Home for 50 Percent Off?

You’ve heard the stories and seen the ads. Perhaps you even know somebody who bought a home for cheap at a foreclosure auction. Now, you’re thinking about buying a home of your own. You have CASH from savings or an inheritance. And you’re … [Read more...]