Buying a House - MoneyTips

How To Buy Land and Build a House: A Step-by-Step Guide

MoneyTips Writer — Mon, 23 Oct 2023 14:16:33 +0000

Buying a home can be complicated when the house has already been built. Buying land with the intent to build on top of it is an even longer process. No need to stress. In this guide, we’ll walk you through seven straightforward steps for how to buy land and build a house. We’ll cover the...

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Breaking a Lease To Buy a House: What To Know

MoneyTips Writer — Thu, 28 Sep 2023 13:05:15 +0000

The housing market waits for nobody. If a great deal pops up in the right area, it could be gone before you have a chance to let your lease expire. But is breaking a lease to buy a house really a good idea? Or should you wait until you’re closer to the end of your...

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Buyer’s Agents: Explained for First-Time Buyers

MoneyTips Writer — Tue, 12 Sep 2023 19:23:30 +0000

When you’re ready to buy a home, chances are you’ll need to at least consider using a real estate agent. But real estate agents perform different functions, and the jargon surrounding their names can be confusing to say the least. We’ll walk you through buyer’s agents – the type you need to help you purchase...

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A Guide To Buying a House for Sale by Owner

MoneyTips Writer — Tue, 12 Sep 2023 13:26:47 +0000

Most of the time, when you find a property listed online, you’ll also see the listing agent’s contact information. But every now and then, you may stumble across a home listed as for sale by owner (FSBO). This means the homeowner wants to sell their home without the help of a real estate agent. Usually,...

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Multifamily Homes: Everything You Need To Know

MoneyTips Writer — Mon, 07 Aug 2023 19:13:11 +0000

Multifamily homes have been increasing in demand. According to the National Association of Home Builders, construction of these homes exceeded 500,000 units in 2022 – the first time that’s happened since the Great Recession. While that number is expected to come down in 2023, investing in a multifamily home remains a viable, potentially lucrative path...

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Should You Ever Waive the Inspection Contingency?

MoneyTips Writer — Tue, 01 Aug 2023 19:21:09 +0000

When the housing market gets competitive, people will pull out all the stops they can to win a bidding war. One tactic available to potential buyers is to wave the inspection contingency. In May of 2023, 25% of buyers waived the inspection contingency. That’s a significant number, especially given how risky the move is. We’ll...

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Home Buying, Simplified: 5 Steps with Helpful Resources

Nathan Grant — Tue, 01 Aug 2023 13:51:31 +0000

Buying a home can be overwhelming, especially for first-time buyers. That’s where we come in. We’ve broken down the process into five straightforward steps, including resources to help you complete each one. As the adage goes, “How do you climb Mt. Everest? One step at a time.” 1. Organize Your Finances Your first order of...

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Bidding Wars: A Guide for First-Time Home Buyers

MoneyTips Writer — Tue, 25 Jul 2023 19:05:40 +0000

The process of buying a home can differ depending on the market conditions. In a buyer’s market, you might be able to get a home below the asking price, and there may even be seller’s concessions. You’re more likely to get into a bidding war in a seller’s market. A bidding war is defined as...

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Condo vs. Apartment: Which Should You Choose?

MoneyTips Writer — Mon, 10 Jul 2023 19:04:52 +0000

If you’re looking for a new place to live, you might find yourself seeing a lot of condo or apartment listings. On the surface, these dwellings have a lot in common, and it can be hard to tell the difference from pictures alone. We’ll explain the differences and the pros and cons of each type...

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Can You Buy a House With Bitcoin? A Guide

Dan Rafter — Mon, 10 Jul 2023 14:54:41 +0000

Can you buy a house with Bitcoin or another type of cryptocurrency? Maybe – if you’re buying a home without a mortgage loan. But if you want to finance the purchase of a home with a mortgage, you’ll usually need to rely on old-fashioned U.S. dollars. However, that doesn’t mean cryptocurrency – digital money like...

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What Does Contingent Mean in Real Estate?

MoneyTips Writer — Wed, 05 Jul 2023 19:59:02 +0000

If you’re looking for a house, chances are you’ll come across listings that are classified as contingent. But what does that mean? Well, the word “contingent” means something will only happen if certain conditions are met. We’ll explain what that means in practice and how prospective buyers should think about contingent homes. Defining Contingent in...

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Distressed Property: What Buyers Need To Know

MoneyTips Writer — Tue, 20 Jun 2023 18:39:13 +0000

One of the most challenging aspects of buying a home can be finding the right property at the right price. Buyers in search of serious bargains often turn to distressed properties to find an affordable home. And while you can get a good deal on a distressed property – where there is a reward, you’ll...

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