Taking on a mortgage, especially as a first-time homebuyer, can be intimidating. Finding out that it can lower your credit score can be downright stressful. It’s a bit of a “Catch 22”: You need good credit to buy a house, but buying a house lowers your credit.
If you live in an older home (and there are many of them in St. Louis) it might have knob and tube wiring. Knob and tube (or K&T) was the standard method of electrical wiring when electricity was first used in homes in the 1880s. New innovations in cable and wire came along in the 1920s, but K&T was still common up until the 1950s when more modern methods took over.
Whether buying or selling a home in St. Louis, finding the best realtor will involve some work. You’ll want to ask people you know for referrals, do some research, and finally, interview the best candidates. (Read Follow These 3 Steps to Find a Real Estate Agent.) Sales statistics and experience are important, but you need to feel confident in your decision on a more personal level, too.
After the real estate bubble burst in 2008, it seemed like foreclosed houses could be found in almost every neighborhood across the country. The number of foreclosed homes reached an all-time high in 2010 but has steadily decreased each year since. Nevertheless, as long as there have been mortgages, there have been people unable to pay them. Buyers can get a bargain buying a foreclosed home. But if they’re not cautious, they can get more than they bargained for.
Believe it or not, most realtors still encourage open houses. Far from being obsolete, they can be a great way to showcase a home when they’re managed by a competent real estate professional.
You’ve made the decision to sell your home and you want to do it fast. Selling a house is stressful, and every day it’s on the market can ramp up the anxiety. You just want it done so you can move to your new home and get on with your life.
When you’re planning to sell a home or buy a home—it’s a big deal. Sure, you can do it on your own, but it’s a complicated process and will take up a lot of your time. There are some things that are better left to the experts, and real estate is one of them.
When buying a home, there is one basic thing you should do without a doubt – get a home inspection. By hiring an expert to come out and explain the condition of a home, you can feel confident when moving forward with your purchase. Still not sold? Read on for five reasons why home inspections are important.