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30 May 2018

What You Need To Know About Your Home Appraisal And Your Mortgage

When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted. Next the buyer schedules the inspection and home appraisal. Finally, everyone is ready for closing. It’s easy to overlook the impact of some of these steps, but when it comes to a mortgage, the home appraisal is actually quite important. Banks want to see that they are lending money for an investment that is worthwhile, so that appraisal is a crucial step to getting financing. Here is what buyers need…

What’s Ahead For Mortgage Rates This Week – May 29th, 2018

Financial ReportsHome Sales, Jobless Claims, Mortgage Rates

Last week's economic reports included readings on sales of new and previously-owned homes along with weekly readings on mortgage rates and new jobless claims. Home Sales Lower in April Sales of new and previously-owned homes were lower in April. The Commerce Department reported sales of new homes at a seasonally-adjusted annual rate of 662,000 sales. New home sales were 1.50 percent lower than for March, but were11.60 percent higher year-over-year. Analysts expected new home sales to rise to 682,000 sales based on the March reading of 672,000 new homes sold. Sales of new homes are calculated based on a small…

Smart Technology or Home Automation: What’s the Difference?

Real EstateAutomation, Improvements, Real Estate

Is it worth it to add smart appliances or automated features if you're selling a home? Just how much connectivity do buyers want? And what exactly do the terms refer to in terms of home updates. Although smart homes and home automation are sometimes used interchangeably, they actually refer to two basically different concepts about how appliances and home systems can operate. Then there is the need for "connectivity," adding another dimension to any discussion of futuristic home features. Home Automation According to a Texas-based Direct Energy blog, home automation has a long history, beginning with the first labor-saving devices…