25 Jan 2019
By RESCO Realty

Buy Or Build Your Home? 5 Factors To Consider

Real Estate, ,
A home is one of the biggest investments you can make, and the American Dream for many. Most people spend significant time finding or designing their "dream home." The first decision is whether to buy or build.  As of September 2018, the average sales price of a new home was $377,200, according to joint data collected from the U.S. Census Bureau and the Department of Housing and Urban Development. Existing homes sales price was approximately $258,100, according to the National Association of Realtors.  New homes attract bigger prices than existing ones, meaning building costs are also high. So, how do…
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23 Jan 2019
By RESCO Realty

How The Title Search Works

Real Estate, ,
A title search is an early warning system for buyers and lenders. It reveals flaws the owner must resolve prior to a closing or refinance request. This allows the owner to clear any issues on the title so that the process can move forward. Also, it protects the buyer or lender from assuming an obligation they aren't responsible for.  Title Search A chain of title exists in the public records. It shows the history of property title transfer from each previous owner to the next. Unfortunately, these searches are labor intensive and require a specialist called a title examiner. The…
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18 Jan 2019
By RESCO Realty

5 Home-Buying Pitfalls To Avoid

Real Estate, ,
Buying your home can be nerve-racking, especially if it's the first time. The buying process is exciting and often complex. The chances of making a mistake are relatively high.  In today's real estate market where demand surpasses supply, you can't afford to make mistakes. And this is just the tip of the iceberg. If you are in the market to buy a house, here are five pitfalls avoid.  Not Doing Your Homework Well  Fortune favors the prepared in real estate. And preparedness begins with understanding your finances. A wise buyer examines assets, analyzes debts and gets finances pre-approved before jumping…
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