Category: Real Estate

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Our 12 Tips For Visiting Open Houses: We’ve Been To Over 270

It’s open house season! You perhaps thought these balmier temperatures and tulips indicated a season called spring, but no, tis the season of house buying. The inspiration for today’s post comes from a reader who recently sent me a fantastic question about one of my favorite things… open house etiquette! Before Mr. Frugalwoods and I slapped down the money to buy our current home, we frequented a ton of open houses. And by “ton,” I mean roughly 270+ over the years. The Young...

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What does it take to get a mortgage these days?

Several people in my office are thinking about buying a home and since I’m known as the resident real estate nerd, they’ve started asking me what they should do to prepare. I always start with finances–in my experience, that’s where people are most likely to get tripped up. Borrowing hundreds of thousands of dollars is complicated — and it should be! It’s not for everyone. It’s essential for potential home buyers to understand their finances and how...

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7 Reasons Condos Can Be a Bad Investment

Condos can look enticing. In hot real estate markets, they may appear more affordable than traditional homes. But there’s a lot not to like about condos. If you’re considering purchasing a condo, here are a seven things to look out for: Condo Fees: Any condo is going to have a fee. Usually this is referred to as a Home Owners Association (HOA) fee on the MLS listing. Make sure to factor this fee into your monthly payment calculations....

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Why Did We Buy Our House?

Buying a house is falling out of fashion in the Financial Independence and Early Retirement community. Not “Green Polyester Leisure Suit” out of fashion, more “Cherry Cabinets and Ornamental Backsplash” out of fashion. The oft-cited, and extensively researched, post on the matter is the awesome and amazing JCollinsNH’s “Rent v. Owning Your Home, opportunity cost and running some numbers.” If you haven’t read it, you should. Go ahead, I’ll wait. I weighed in with my own “Should...

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Is buying better than renting?

One of the biggest financial decisions you’ll ever make is whether to buy or rent your home. This decision can feel more important than mere numbers and ratios. After all, most realtors will quickly whisper in your ear “it’s not a house, it’s a home!” Once you’re settled in a career and have some money in the bank, the idea of renting quickly becomes less appealing. Moving every few years is a pain, landlords raise rent, and you’ve always wanted...