Patrick McCarthy Real Estate Blog – Advice Category

Patrick McCarthy Real Estate Blog – Advice Category: Blog archive posts from the Patrick McCarthy Real Estate Blog that were categorized as Advice.

15 10, 2019

How Would Another Recession Impact Real Estate?

By |2019-10-17T10:44:04-04:00October 15th, 2019|Advice, Real Estate|

With fears increasing about the possibility of another U.S. recession, many homeowners and investment property owners alike are seeking ways to keep the value of their properties from plummeting like they did in 2008. In August (2019), the Chairman of the Federal Reserve noted the possibility of lowering interest rates. But it was also stated [...]

1 10, 2019

Don’t Leave Money on the Table When You Secure Your Next Home Mortgage

By |2019-10-03T16:47:47-04:00October 1st, 2019|Advice, Financing|

It has been estimated that roughly one-third of home mortgage borrowers unknowingly leave thousands of dollars one the table by not shopping around and comparing rates for the best loan, as well as the added loan acquisition fees. In fact, according to a recent Fannie Mae study, 34% of first-time home purchasers get a quote [...]

17 09, 2019

Home Mortgage Options for U.S. Military Members and Veterans

By |2019-09-19T15:32:32-04:00September 17th, 2019|Advice, Home Buying|

If you’re currently serving in the United States military, or if you are a veteran who served in the past, you have a number of home-buying benefits that are available to you. These include mortgage loan options. For instance, with a Veterans Administration home loan, there are looser credit requirements. So, these loans can be [...]

20 08, 2019

Being Pre-approved vs Pre-qualified for a Mortgage – There IS a Difference

By |2019-08-20T09:52:39-04:00August 20th, 2019|Advice, Financing|

Buying a new home is typically one of the largest purchases anyone makes during their lifetime – and because of that, it will oftentimes require financing (usually a mortgage) from a bank or other lender. Having your financing lined up before you even start looking at potential properties can help you to narrow down the [...]

16 07, 2019

Faced with a Bidding War on Your Dream Home? How to Get the Seller to Pick You – Even If Your Offer is for a Lower Price

By |2019-07-18T12:31:23-04:00July 16th, 2019|Advice, Home Buying|

After searching the area for months, you’ve finally found the perfect home for you. But unfortunately, there is someone else who also feels the very same way, and you’re now on the cusp of an outright bidding war. Now what? While a bidding war is typically a seller’s dream scenario, the reality is that it [...]

2 07, 2019

Think You Can’t Afford to Buy a Home? You May Actually Be in a Better Buying Position than You Realize

By |2019-10-04T14:20:12-04:00July 2nd, 2019|Advice, Home Buying|

Photo by Mark McClure for the Sightline Institute Middle Homes Photo Library. Used with permission, licensed under Creative Commons Attribution 4.0 International License. If you have the itch to convert from a renter to a homeowner, but you’re afraid that you can't afford the monthly costs, you could resort to “house hacking” in order to [...]

21 05, 2019

Putting Your Home on the Market this Spring? Here’s the Good, the Bad, and the Potentially Ugly

By |2019-05-24T16:22:32-04:00May 21st, 2019|Advice, seasonal advice|

The spring and summer months have traditionally been the peak time for putting a home on the market. This is particularly the case in areas that can have cold and snowy winters, as ice and slush don’t make for very enjoyable home shopping. But, even though potential buyers are certainly more plentiful in warmer weather, [...]