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December
23

As we move closer to a new year and the spring home buying season that follows, it should be time to start thinking about buying or selling a new home. With that in mind, here are 5 Home Buying Tips to help you find your new home. 1. Know What You Want This should go without saying but some home-buyers forget the type of home that suits them best when they see a fantastic price or a home that shows well but yet may no be practical. Decide ahead of time what you're looking for whether that's a new or existing home, a ranch or multistory home. 2. Research, research, research! With any major purchase, research is vital in today's economic world. Once you've decided what type of home is for you, you'll need to learn about the different cities, counties, neighborhoods and subdivisions. A great place to start is Dickerson Nieman's website which has tons of great information about the Rockford real estate market. You'll also be able to search for all...

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December
16

You think you are ready, rates on fixed-rate loans are still appealing, and experts say it's still cheaper to buy than rent. But is now the right time? The answer is this: if you're looking for that first house or if you've thought of moving up, now is as good a time as any to get into the marketplace, and perhaps a better time than seen in recent years. But how can this be? Let's look at 5 key issues. 1. Interest Rates are still down. The average rate for a 30-year fixed rate loan is 4.43 percent at the time of publication. While this is a 1.15 percent increase from the historic low of 3.35 percent at the end of 2012, it's still an attractive rate for prospective home buyers. 2. It's still cheaper to buy than rent. According to a 2012 Trulia Trends study, buying a home is 44 percent cheaper than renting in the 100 largest metro a...

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December
9

When you're in the market for a home, it seems as if there are millions of questions to ask--and no doubt plenty more. As buyers we become so wrapped up in the physical aspects of the house--the rooms, amenities and structure--that we give less attention to quiet issues which may strongly impact our ability to enjoy a home. What kinds of factors will affect your quality of life? The obvious ones are the first to come to mind: the distance to work, the special programs available through the local school system and neighborhood shopping and recreation. Those factors, while important, may not touch the issues specific to your situation. Consider the thousands of families who have an aging parent residing with them. The average age of our population has grown older, meaning we are living longer lives, spending longer periods as widows and widowers and increasingly ch...

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December
2

Homebuyers today face a steep learning curve. There's much to know, much to learn and a great potential for "rookie mistakes"--with potentially costly consequences. What should you check? Here are 10 basic issues to consider. 1. Rushing into the transaction. Buyers looking for homes in extremely tight markets may feel pressured to make an immediate offer. Instead, it makes sense to become familiar with the local market before making a purchase offer. Click here for our local community information. 2. Not asking enough questions. First-time home buyers, by definition, simply don't have home buying experience. It may be uncomfortable to ask questions, but ask anyway. Brokers can't answer unasked queries. 3. Searching in vain for the "ideal" house. Many buyers run themselves and their brokers ragged as they repeatedly dismiss homes that meet most--but not all--of their specifications. A buyer who turns down a house that meets mos...

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