Category Archives: Real Estate Primer

November 17

The Home Equity Playbook

What is Home Equity? Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example: Current Home Market Value $325,000 Existing Mortgage $225,000 Homeowner Equity $100,000 One side of the equation is well defined, and it […]

September 15

A Beginner’s Guide to Real Estate Investing

Despite the grim economic outlook for some industries, one sector is gaining viability — real estate. According to the 2016 Emerging Trends in Real Estate, which was released by the Urban Land Institute earlier this year, trends such as “18-hour cities” and millennial parents increasingly moving from urban areas out into the suburbs signal that […]

September 08

Why You Need to Get a Home Inspection

Okay, you made one of the most important decisions in your life: you’re buying a home! You found your ideal home. It’s in your desired neighborhood, close to everything you love, you love its design and feel, and you’re ready to finalize the deal. But, whoa … wait a minute! Buying a home isn’t like buying […]

September 01

Is It Better to Buy a New or Existing Home?

Maybe your dream home has the intricate details that you usually find only in older construction – wainscoting and crown molding in the interior, the front porch with a swing, an older tree shading the back yard, and the white picket fence. Or maybe your dream home has all the conveniences of modern living – […]

Lessons from a Lender: Credit Score Advice

Written by Don Frutchey of Atlantic Coast Mortgage LLC One of the most important aspects in the “underwriting triangle” is the credit score. Not only is credit elemental to the loan approval but also has an impact on the monthly payment. Of the three critical underwriting elements and aside from the down payment, credit (typically […]

March 28

How to Buy a Home: 7 Tips and Tricks from Real Estate Insiders

No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a […]

What is An Appraisal?

There are a few things that every home buyer and seller should know about appraisals. What Are Appraisals and Why Are They Important? An appraisal is the valuation of a property by an authorized person.  They are particularly important for purchasers who will be taking out a loan on their next home, which is the majority of purchasers. […]

February 15

What is an Absorption Rate?

  In real estate, the term “absorption rate” is thrown around a lot.  Different people define the term in different ways, but either way an absorption rate is all about supply and demand. As an indicator of what has sold/gone under contract. The absorption rate is sometimes used as an indicator of how many properties […]