20 Jun 2024
By RESCO Realty

Transforming Space to Fit Your Lifestyle

Real Estate, ,
Have you found yourself staring at that spare room wondering what to do with it? Whether it's a small nook or a spacious area, there are endless possibilities to transform it into something that enhances your home life. Here are some inspiring ideas to help you make the most of that extra space: 1. Playroom for the Little Ones:Why not create a vibrant playroom where your kids can unleash their creativity and energy? Fill it with colorful mats, storage bins for toys, and maybe even a mini-table for arts and crafts. It's a win-win: a space for them to play…
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14 Jun 2024
By RESCO Realty

Key Elements and Tips for Maximizing Your Borrowing Power

Real Estate, ,
When it comes to buying a home, securing the right home loan is essential. But what determines how much you can borrow? Understanding the key factors that influence your borrowing power can help you make informed decisions and potentially increase the amount you can secure. Let’s explore these determinants and some actionable tips to maximize your borrowing power. Key Determinants of Borrowing Power Income and Employment Stability Income Level: Your income is a primary factor that lenders consider when determining your borrowing power. Higher income levels generally mean you can afford to borrow more. Employment History: A stable job history…
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11 Jun 2024
By RESCO Realty

Understanding the Real Estate Terms: Pending vs. Under Contract

Real Estate, ,
Navigating the real estate market can be challenging, especially with all the industry-specific terms that get tossed around. Two phrases you're likely to encounter are "pending" and "under contract." While they might seem similar at first glance, they represent different stages of the home-buying process. Let's break down what each term means and how they impact your home-buying or selling journey. What Does "Under Contract" Mean? When a home is listed as "under contract," it means that the seller has accepted an offer from a buyer. However, the sale is not yet final. There are still several steps that need…
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