All-cash buyers are active in many markets, and they can strike fear in new home buyers. The cash buyer can perform and close quickly and provide sellers with a sense of comfort. But, does this mean a solid buyer putting down 20 percent or more shouldn’t attempt to compete with the cash buyer? Absolutely not. What if you can’t buy a house with cash? The truth is, a buyer getting a mortgage can still compete against a cash buyer and…

Do you have a bit of a fixer upper on your hands? Or maybe you’re just ready for a major change? Remodeling your home can be a lot of work, but the results, when done well, are well worth it. Before you get too excited and start tearing down walls and ripping up the floors, read through this guide to keep yourself on track. Check the space allocation Having enough space, especially in bathrooms and kitchens, can make or break…

Tax assessed value This figure varies throughout the U.S. since it is determined by the taxing authority of the city, county, or state where you live. Sometimes it is the same as the market assessed value and other times counties will multiply the market value by an assessment ratio to get the tax assessed value, which is often lower than the market assessed value. For example, suppose where you live, homes are assessed at 100 percent of market value. If…

It’s not every day that you find a silo you can sleep in. Not that Victoria Crawford was even looking for a silo – let alone a house in snow country. The New York City resident and avid skier was casually home shopping during a weekend getaway to Vermont, when a house across the way caught her eye. It was farm-inspired on the outside, luxurious on the inside and … perfect. “We were across the street in the neighbor’s house that…

Most people only know of one type of real estate ownership: fee simple, also known as freehold. But a handful of states have another form of ownership, known as leasehold. The difference in these two types of land tenure is very different and affects the value of the real estate.  It is important to know the difference, especially if you’re buying real estate in a leasehold state (i.e., Hawaii, New York, Florida). What is the difference between leasehold and fee simple? Fee…

Building or renovating a home is a complex project with plenty of moving parts. Even if you’re planning to take a DIY approach, it’s likely you’ll need some help from contractors along the way. Here’s a guide to the types of contractors you might enlist to help you complete your dream home. General contractors If you think of a general contractor like a general in the military, you have the basic idea of what a general contractor does. Like a…

Your life changes over time: new relationships, new jobs, new hobbies. Sometimes, you can make changes to your home to adapt to your lifestyle – but sometimes you can’t. And the hardest part? Knowing when to let go. Take our quiz to find out your relationship status – with your living space. How Much Do You Love Your Home? You’re in the honeymoon phase. Your weekends consist of trips to the hardware store, DIY projects and shopping for deck furniture…

Is cross-country skiing calling your name? Are you mapping out black diamonds in Aspen or craving a steep downhill course at Winter Park? Whatever your ski style might be, here are 10 mountain homes on the market for less than $1 million. Bonus: Some of them are ski in/ski out, so you can start the day from your own backyard. See you at the chairlift! Stratton, VT 777 Stratton Arlington Rd For sale: $199,000 Photo by Adam Granger. Halfway between a…

After demolishing an older home on this property along the Tennessee River, architect Josh Cooper, principal at JCC Design Studio, erected a three-story home, taking inspiration from the client’s love for Belgian-style architecture. For the home’s exterior, Cooper incorporated materials like mountain stone, durable Siberian-larch siding and LifePine roofing. “The roof is extra special, because there isn’t a single straight line in the roofline,” says Cooper. “The third floor is tucked up underneath an elegant curving roofline, creating these great…

Fact: Real estate brokers’ commission rates are not regulated in any state and are ALWAYS 100% negotiable. When you decide to sell your house, if you are like most people, you will want to hire – or at least consider hiring – a real estate agent to handle the process. Surprisingly, many people think that real estate brokerage commission rates are “set” in their area and they have to pay a specific percentage of the sales price to the agent in order to get their services.…