21 May 2020
By RESCO Realty

Some Millennials Are Finding Home Buying Overwhelming

Real Estate, ,
Many millennials are reaching the age where they are thinking about buying homes for the first time. It turns out that many members of this generation are finding this process challenging. Even though the housing market is great for those looking to buy, surveys indicate that this generation also finds the process overwhelming. Reports have been published showing that many millennials are planning to buy their first home in the next year, showing that owning property is still a strong part of the American dream. Furthermore, many millennials also know that this is a great time to buy. Why are…
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05 Apr 2019
By RESCO Realty

5 Options To Consider When Your Appraisal Comes In Low

Mortgage, ,
Yikes! You are set on buying the home that you picked out and the appraisal comes back at a lower amount than the amount needed for the home loan to be approved. What do you do? After you calm down your significant other and then take three deep breaths, here are some options to consider. Request A New Appraisal Appraisals are only one person's professional opinion. There are rules that must be followed when making an appraisal; however, there is still some flexibility in how to apply the rules. Check the comparables (also called "comps") that the appraiser used as…
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01 Feb 2019
By RESCO Realty

Auction 101: Bidding On Your First Property

Real Estate, ,
With the right combination of strategy, knowledge, and luck, flipping houses can create big profits for short-term investors. However, your path to success starts at your first auction. For first-timers who are intimidated by their lack of experience at public auctions, follow these steps to ease the confusion of your first property purchase. Locate Auctions In Your Area Finding live auctions is as simple as an internet search. Websites run by government agencies list homes that have been seized due to tax liens or foreclosures. Try searching databases maintained by: Fannie Mae The FDIC The US Department of Housing and…
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