17 Jun 2020
By RESCO Realty

Should You Buy A Fixer Upper?

Real Estate, ,
If you've expressed any interest in buying a home that you can work on, your real estate agent may present you with one or two fixer upper properties for your consideration. Fixer upper homes can offer good value for certain kinds of homebuyers. But not everyone should buy a fixer upper. Here are some considerations to keep in mind. There May Be Unforeseen Conditions Until you actually get in there and start renovating, you cannot know exactly what is behind those walls. Fixer uppers could have unforeseen conditions that could blow away your renovation budget. If you do decide to…
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16 Jun 2020
By RESCO Realty

How Do Real Estate Agents Make Their Money?

Real Estate, ,
If you are planning to buy or sell a home, you will want to enlist the services of a real estate agent. But sometimes homebuyers and homeowners worry about paying for the services of a real estate agent. After all real estate agents put an enormous amount of time and energy working for clients. They deserve to be compensated, but where does the money come from? When You Buy A Home When you contract with a real estate agent to buy a home, you do not pay the agent anything at all. In fact, they do not make a dime…
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15 Jun 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – June 15, 2020

Financial Reports, ,
Last week’s economic reporting included readings on inflation, the post-meeting statement from the Fed’s Federal Open Market Committee, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Ticks Up in May May’s Consumer Price Index moved from April’s reading of -0.80 percent to -0.10 percent. The Core Consumer Price Index, which excludes volatile food and energy sectors, rose to -0.40 percent in May as compared to April’s reading of -0.40 percent. The Consumer Price Indices are used to calculate overall and core inflation rates. The Federal Reserve uses an annual inflation rate of 2.00…
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