Buying a home with family members can make homeownership more affordable. Your parents may help you buy a first home, you may purchase rental property with your siblings or you may buy a home with relatives for multigenerational living. Sharing ownership also creates...
Buying a home directly from a seller can seem like a straightforward way to save money. Without an agent involved, both parties may cut down on commission costs. But going into a for-sale-by-owner (FSBO) deal requires you to be careful. You want to make sure the...
Not every home purchaser provides earnest money. However, people use this “good faith” money to show their interest in a property if they need some time to secure a mortgage, do a title search or take other steps prior to a home purchase. Depending on the market, the...
When purchasing real estate, sometimes you only find out about issues when it is too late. That is to say -- only after the sale has gone through. While contingency clauses allow you to back out of a purchase if you discover issues in the closing process, they will...
There have been some interesting trends in the housing market in recent months. With a volatile economy, political instability and an ongoing global pandemic, there is almost no way to predict what will happen in the upcoming months and years. In southeast Wisconsin,...
Everyone involved in renting real estate takes some amount of risk. Tenants have the risks that come from lack of stability, as their landlord could evict them or terminate the lease often with little notice. Landlords take risks because their tenants could become...
Despite many areas of the economy seeing a downturn, the Milwaukee area real estate market for home buyers is picking up. Despite overall sales being down a bit from the same time last year, according to the Greater Milwaukee Realtors Association, the performance was...
When buying a home there are many costs that need to be calculated into your budget. One of those costs is a closing cost. Closing costs include things such as, the appraisal, home inspection, title insurance, loan origination, and so on. All of these costs need to be...
It’s probably taken you some time to purchase your first rental property; you’ve probably put in a lot of work and now you’re finally ready to make some money. If you’re first starting out, it can be overwhelming trying to set everything up, especially the legal...
Owning a home is an important investment, but purchasing homeowners insurance can be confusing, and purchasing the right homeowners insurance can be even more confusing. However, there are some basic items that you should take into consideration. We’re going to...
