An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. It’s an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the land contract buyer on fulfillment of the […]
Is Renting Really Better Than Owning a Home? We Think Not! Owning versus renting is an age-old debate. It’s no secret that housing costs have increased in recent years. This has caused many people to rethink the idea of buying a home and instead, opt for renting. But is renting really better than owning a […]
A duplex is a two-family structure. There is some misconception that a duplex is just for investors, but this is simply not true. With the rising rates, some smart home buyers are looking at a duplex as their housing option. This does not require any special financing. HUD allows for two-family homes with FHA financing. […]
Designed to house multiple generations in one property, multigenerational homes are making a comeback. With the prices of homes on the rise and a sneaking sense of a recession in the air, many families are considering living together. This can work for some but might be tricky. Here are some multigenerational home scenarios: A recent […]
Single women buying homes is more common than you might think. In a more traditional setting, a woman would live with her parents until she got married. Women were conditioned to wait to purchase a home until they made that commitment with their husbands. Comments like, “Oh you don’t want to ruin that experience. You […]