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.
One of the hardest hit sectors of the economy during the COVID-19 pandemic has been housing. With the substantial number of job losses suffered from coast to coast (and worldwide), millions of people are having trouble keeping up with their mortgage payments.
When making any type of big-ticket purchase, most people don’t feel comfortable moving forward sight unseen. This is particularly the case with buying personal and / or investment real estate.
Although Spring is traditionally a great time to list a home for sale, the year 2020 will likely go down in history as one of panic, fear, and uncertainty due to the worldwide COVID-19 virus. Due to the nationwide social distancing rules that are currently in force, the traditional in-person showings and open houses may not be an option – at least for now.
Handling a Lowball Offer Everyone loves a good deal. But when you’re the seller – and particularly when it has to do with the sale of your home – low offers can not only seem disappointing, but in some cases they can even be insulting. By definition, a lowball offer is considered one that is [...]
For most people, a home mortgage will be the largest debt of their life. A mortgage can also oftentimes be the biggest check you write out every month…typically for a period of 15 or 30 years! But, while it can be a nice feeling to pay off your debts and not be saddled with large monthly [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]