In honor of National Grammar Day, here are the biggest typos to avoid.
If a homebuyer comes across an online home listing with horrible photos (or no photos), odds are that buyer will move on to the next option. But what reaction do buyers have to home listings with bad grammar or misspellings?
It turns out that grammar and spelling matter to homebuyers. In fact, 43.4 percent of 1,291 people surveyed online said they would be much less inclined to tour a home if its online listing contained misspellings or improper grammar.
You may save some money come tax time if you consider these options.
Many people make lots of moves – real estate and otherwise – to minimize what they owe and maximize what they get back on their taxes. The first step is to make sure you're not actually missing any tax deductions and breaks you already qualify for.
The tax code is 4 million words and over 70,000 pages long, but most Americans tap into fewer than 15 pages of it when filing their returns. To make sure we're not missing anything we're due, here are a few of the real estate-related tax breaks that are often missed, overlooked and underused.
Local customs dictate how real estate agents describe patios, stoves and other house elements in listings.
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These properties are for sale right now in the Big Easy, as Fat Tuesday approaches.
It's Mardi Gras time in New Orleans.
Every year, hundreds of thousands of revelers flock to Louisiana in search of beads, booze and Bourbon Street.
After the party's over, most folks head back home with nothing but a hangover and a few stray doubloons.
But what if you wanted to stay in the French Quarter year-round and let the good times roll on a permanent basis?
Mortgage rates would need to exceed 10 percent for renting to become the less-costly option, Trulia says.
Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas according to Trulia's latest winter "Rent vs. Buy" report. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5 percent, buying is 38 percent cheaper than renting nationally, versus being 44 percent cheaper one year ago.
The rent-versus-buy math is different in each local market. Buying ranges from being just 5 percent cheaper than renting in Honolulu to being 66 percent cheaper than renting in Detroit. But even for a specific market, the cost of buying versus renting depends on how much home prices rise (or fall) after you buy. Our model assumes conservative home-price appreciation, but — as we all know after the last decade — home prices can unexpectedly rocket or plummet.
In a competitive market, homebuying can be a contact sport. Here’s your game plan.
After all, new-home construction is only a third of what it was in the prerecession days of 2006, so it's expected that demand will outstrip supply. Meanwhile, after housing prices have shot up over the past year – 11.3 percent, according to the S&P/Case-Shiller Home Price Index – prices have dropped by 1 percent in each of the last two months. If you're thinking this spring is a good time to starting looking for a house, you are hardly alone. That, of course, is the problem. Your dream house, which might have been easy enough for you to grab a few years ago, is being eyed by other potential buyers.
If you're trying to decide between an ARM or a fixed-rate mortgage, you're not alone. Here's a primer on mortgage types.
When it comes to buying a house, you have to make lots of decisions. You have to figure out which neighborhood you want, which school district, how much of a down payment to make, etc. One of these decisions is whether you will take out a fixed-rate or adjustable-rate mortgage.
A homeowner's cherished art might rub a potential buyer the wrong way.
It was the man in white underpants who got the biggest reaction. The painting, hanging in Adrienne Leigh and Jeffrey Schubiner's master bedroom, topped the list of artworks her real estate agent advised her to stow away during showings when they put their home outside San Francisco up for sale last year.
"I never thought my art would offend anyone," says Leigh, whose great aunt painted the portrait of the man when she was a student at the Art Institute of Chicago. Also on the list of works to be hidden: a topless woman painted by her mother, which hung over the fireplace in the living room. In its place went a large, bland print from Pier 1. The couple sold their house and promptly put all the paintings up in their new place.