How Homeowners Can Address Falling Behind on Mortgage Payments

Falling behind on mortgage payments can be a difficult and stressful experience, but there are several steps homeowners can take to address the issue and get back on track. By contacting your lender, reviewing your finances, exploring assistance programs, considering selling your home, and seeking professional help, you can take steps to prevent foreclosure and […]

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What Does Contingent Mean in Real Estate?

In real estate, the term “contingent” refers to a condition that must be met before a real estate transaction can be completed. A contingent offer means that the sale of a property is dependent on certain conditions being met. For example, a buyer may make a contingent offer on a property that is subject to […]

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Should I Sell or Rent my House Out?

There are many cases and reasons why people start questioning whether they should sell or rent out their homes. When renting, you can get a new source of income from your tenant. Selling your real estate property helps you use your equity to buy a new house. What’s the best option for you? This article […]

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Tips For Selling a Damaged House As Is

If you or your beloved person are the owners of a house that’s been damaged due to natural causes, you might be already thinking of ways how to sell your house as is. Logically, an undamaged house will look much better than the damaged one and be valued at a higher price. However, many homeowners […]

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Can You Sell Your House Before 5 Years?

There are no strict rules regarding how fast you can sell a home after buying it. You may wait 5 years before selling your real estate or sell your property the next day after buying it. There is no 5-year rule for selling a house. However, there may be penalties for selling your mortgage term […]

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What are Carrying Costs in Real Estate?

You should be ready to pay some ongoing costs when buying real estate. Besides paying the price of your property, legal fees, governmental taxes, and broker’s fees, you should be ready to pay carrying costs. These are “operating costs” and may relate to a property pre- or post-operation. A property’s carrying costs can be a […]

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