If you’re hoping to buy your first home soon, one major step is saving for a down payment and closing costs. As a first-time home buyer, you may be eligible for a first-time home buyer savings account (FHSA), a special tax-advantaged account, that can help you save faster. In this Redfin article, we’ll cover what a first-time home buyer savings account is and which states offer this program. Whether...
Key Takeaways Realtors use a Comparative Market Analysis (CMA) to price homes, comparing them to recently sold, active, and expired listings. Market conditions, such as whether it’s a buyer’s or seller’s market and interest rates, significantly influence pricing. A realtor’s local expertise and understanding of buyers are vital for effective pricing. When it comes to selling your home, one of the...
Experiencing a foreclosure can be financially and emotionally challenging, but it doesn’t have to close the door to future homeownership forever. If you’re hoping to buy again using an FHA loan, it’s essential to understand the FHA foreclosure waiting period, how lenders evaluate your application, and what exceptions might allow you to qualify sooner. Whether you’re browsing homes in San Diego, CA...
When you make an offer on a home, you usually put down earnest money to show the seller you’re serious. This money is held in escrow until the sale is finalized, protecting both you and the seller during the transaction. So what happens to that money at closing? In most cases, your earnest money is applied toward your down payment or closing costs, reducing the cash you need to bring to the closing...
Key takeaways: A vacation home costs more than the purchase price—budget for taxes, insurance, upkeep, and travel. Pick a location you’ll actually enjoy that also has long-term resale potential. While rental income and tax perks are possible, vacation homes also bring added risks and responsibilities. Looking to buy a vacation home in Dewey Beach, DE, a ski chalet in Colorado, or a family house in...
Carpet has been a staple in homes for decades—but you should never install it in these...
If you’re planning on buying or selling your home this year, then chances are you’re considering working with a real estate agent. A great real estate agent can help make the homebuying or selling process easier, less stressful, and help you get the right deal. But, what exactly does a real estate agent do? In this Redfin article, we’ll outline what a real estate agent does and their...
Moving from an apartment to a house has its perks, from having more living space to finally being able to enjoy a lawn. However, it’s understandable if you feel a bit frightened by the possibility of intruders or other safety issues. After all, unlike apartments, which typically have their own safety measures in place, a new home is often a blank slate. The good news is that there are plenty of steps you...
There’s a trend taking hold in real estate right now: more buyers are choosing newly built...
From checkerboards to octagons, patterned wood floors bring rhythm, elegance, and a bespoke touch that bridges traditional and modern...
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