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During a final walkthrough, buyers can demand that the home be in the same clean, well-maintained condition as when the purchase agreement was signed.

Old houses can be well-maintained but likely require some renovation. Take extra care during the home inspection to make sure it's worth any potential headache.

A preliminary title report details all available information about the title and background of a property.

The average age at which people buy houses has declined over the decades along with homeownership rates but it's still possible and can be worthwhile.

With average food and utility costs, rising housing costs, and no state income tax, the cost of living in Dallas is only 3% above the national average.

Georgia has lower housing costs, daily expenses, and tax burdens than average, but higher healthcare costs making for an overall high quality of life.

The benefits of homeownership are the same for military members as they are for everyone. But there are also a few key benefits only service members receive.

The pied-à-terre once referred to a a modest, temporary lodging for a soldier and is now used in real estate to describe a homeowner’s second property.

Only a quarter of homes in the U.S. shave a septic tank and they are most common in New England and least common in California.

Buying a house these days is risky, which is why it’s especially important to take steps to avoid buyer’s remorse.

The key to buying a million dollar home is putting more money down up front to decrease your monthly mortgage payment.

Rewriting a house can cost at least a few thousand dollars and over $20,000 depending on the size and age of the home.

Steering is an illegal form of housing discrimination as defined by the 1968 Fair Housing Act, which is part of the Civil Rights Act.

Bedrooms are defined by their size, ceiling height, and the presence of electrical outlets, doors, and windows.

Container home cost anywhere from $25,000 to $250,000 depending on whether they're prefab or custom-built.

Though there's no hard evidence, anecdotally many homebuyers and real estate professionals say Friday is the worst day for closing on a home.

Before moving to Texas, you should know that the housing market is expensive, the cost of living is low, and the poverty rate and temperatures are high.

Depending on your mortgage lender and insurance provider, you may include homeowners insurance in your mortgage, or you might pay it ahead of time.

If you're thinking about moving to Colorado, you should know that it has a high cost of living matched by higher than average incomes.

Thinking about moving to Georgia? Before you hire a moving company and set off on your new adventure, here's what to know about the Peach State.

Colonial-style homes are known for their plain exteriors, minimal embellishments, and rectangular, symmetrical shapes.

Alaska is the most humid state with an average relative humidity of 74.3% and Arizona is the least humid state with just 40.4%.

We analyzed 100 cities for housing, healthcare, and quality of life indicators to find the top 15 best cities to retire.

Closing documents include a promissory note, mortgage or deed of trust, insurance policies, closing disclosure, and any affidavits related to the property.

Paying off a mortgage in a super-short amount of time really comes down to pay down your mortgage debt aggressively and generating extra money quickly.

A real estate closing disclosure is a form that summarizes the details of your mortgage loan and it’s provided to you by your bank or mortgage lender.

Amenities in housing are any desirable or useful features, which fall into two broad types: tangible amenities and intangible amenities.

These are the top first-time home buyer mistakes, how to avoid them, and the first-time home buyer habits you should follow.Ìý

Learn what a sustainable city is, key features of sustainable cities, and examples of green cities in practice.

Learn the definition of a forward mortgage, how they compare with reverse mortgages, and examples of both mortgage types.

Off-market homes provide a potential investment opportunity but can be tricky to navigate if you don’t have experience. Here's a guide on where to start.

The house-price-to-income ratio is a rule-of-thumb measure of housing affordability. It compares the median price of homes to the median household income.

Most lenders require an appraisal, but you can waive the appraisal in select circumstances

Buying an as-is home usually come with a lower purchase price, but may need extensive repairs. It's still a viable option if you're willing to take on the risk.

Unsure of whether to rent or buy a house? Use this rent vs. buy calculator to make an informed decision about which option makes the most financial sense.

Walk Score is a metric that helps homebuyers find walkable places to live. Properties are rated from 0-100 based on their walkability.

You can’t deduct homeowners insurance premiums on your federal taxes, with two key exceptions: your home is your primary workplace or you rent out your home.

The average HOA fee is $170 a month, but you could pay anywhere from $50 to $1,000 depending on where you live and what amenities your HOA community offers.

Buying a lake house comes with many costs, challenges, and potential regrets so you’ll need to consider whether these negatives outweigh the benefits.

There are a number of tax deductions available to homeowners, but most of these deductions are only available if you itemize deductions.

Mortgage credit certificates provide eligible homebuyers with a tax credit for a portion of the mortgage interest they pay annually.

You can cancel PMI early if your home value increases, but you’ll need to get an official appraisal showing what your home is worth.

After closing on a home you're not off the hook. There are various costs of homeownership you need to prepare for.

Putting your house in a trust entails retitling it in the trust's name and it can help avoid probate, gettin the property to your heirs faster than a will.

House poor is term used to describe someone who is overspending on their housing budget, usually with 30% or more of their income dedicated to housing costs.

Land value tax levies a tax on the value of unimproved land itself, regardless of what lies on the land, and is only asssessed in a few U.S. Cities.

Homeowners can write off state and local property taxes on their federal income tax return. Married couples can deduct up to $10,000; singles up to $5,000.

Disabled homeowners can qualify for grants and home loans by getting a mortgage backed by a government agency like a USDA or VA loan.

The residential energy tax credits help you save up to 30% of the costs of energey-efficient improvements, but there are certain limits and restrictions.

A no-closing cost mortgage is a type of mortgage where the borrower is not required to pay the traditional closing costs associated with purchasing the house

The homestead exemption shields a certain amount or percentage of your home’s assessed value from taxes, but it isn't available in every state.

Yes, the interest paid on a home equity loan or HELOC is deductible if you used the loan to buy, build or improve the home used to get the loan.

Certain fees that you pay as part of closing costs are tax deductible (like mortgage points and mortgage insurance), but you can't deduct everything.

The VA funding fee is a one-time fee that is charged to borrowers who use their VA home-loan benefits to finance the purchase of a home.

The states with the least natural disasters include Indiana, Ohio, Wisconsin, and Wyoming. The state with the most natural disasters is Washington.

As long as you meet all the requirements and your house qualifies, you can deduct mortgage interest on your taxes but there are limits.

You’ll recognize a Victorian house (or a Victorian-inspired home) by its ornate wood exterior, steep roof, and large bay windows.

Buying down your interest rate can lower your monthly mortgage payment, and it's most beneficial when rates aren't expected to go down in the future.

Mother-in-law suites are living areas with a private entrance separate from the main home. While meant for in-laws, they can serve a variety of other functions.

VA loans don't require a down payment, but there are benefits to putting some money down even if it's not mandatory.

Duplexes are more affordable than single-family homes, and if you rent out half you'll have passive income, but you'll have to contend with being a landlord.

An update to our 2022 study: These cities offer LGBTQ+ homebuyers affordability, reasonable competition, high quality of life, and inclusive laws and policies.

To make buying a house with a friend work, you need to agree on a co-ownership arrangement and understand your financial duties as a borrower.

Craftsman homes emphasize natural materials and individualistic handmade touches. This style of house and was made famous by architects like Frank Lloyd Wright.

The primary difference between the two homes is that a bi-level home is a single level home, whereas a split-story home has multiple stories.Ìý

If you love the idea of a flexible lifestyle and don’t mind living in a small home, a tiny home, which is less than 600 square feet, might be right for you.

Realtor fees and real estate agent commission are paid by sellers and not homebuyers, and there are ways for you to save money on fees when selling your house.

You can browse homes to buy online on real estate websites, some of which allow you to carry out whole homebuying process on the internet, too.

Recasting a mortgage can help lower your monthly mortgage payment, but it won't lower the interest rate or change the terms of your loan.

Barndominiums or barndos are barns adapted into a residence, or a house that relies on a typical barn structure, and they can be cheaper than most homes.

If you can afford it, buying a home during a recession isn't a bad idea since you'll face less competition and lower home prices, too.

A gift letter is a form signed by you and the person who's giving you money towards yourÌýmortgage loan. You can usually get a gift letter form from your lender.

While A-frame houses are cheaper to buy or build, usually with a kit, compared to other homes, they come with their own set of disadvantages.

You can distinguish different types of homes by building structure, like condo or single-family, or by architecture style — like ranch or Colonial.

Property taxes are based on the assessed value of your home and the tax rate, both of which are set by your local government.

A home inspection contingency clause allows a potential homebuyer to back out of a purchase contract if a professional finds there are issues with the property.

Living in a gated community can bring security, but there are disadvantanges to living in this type of neighborhood, including extra costs.

The first step to save for a house while renting is to create a budget and get familiar with your finances. Here are 12 ways to get started.

An assumable mortgage is when a buyer takes on an existing mortgage, including its remaining balance and mortgage rate, from the person selling their home.

MLS stands for multiple listing service. This database provides information about real estate properties for sale and only licensed agents have access.

A joint mortgage allows you to borrow money with another person — or a few other people — and use it to buy a house together.

After your offer has been accepted you'll sign a purchase agreement, which is typically contingent upon a few things, laid out in the terms of the contract.

Private mortgage insurance or PMI protects the mortgage lender, and it's required if you put down less than 20% when you buy a home.

The average home tour lasts 15 to 30 minutes. Make the most of your time by looking for odors, signs of damage, and more.

The Marriage or Mortgage Report explores the evolving homebuying attitudes of 2,000 Americans in various stages of relationships and family planning.

A property survey is a professional evaluation that determines the boundaries of a property, and it's required by a mortgage lender before you close on a home.

You can get mortgage pre-approval from an online lender in minutes by filling out an application, providing financial documents, and undergoing a credit check.

A co-borrower takes out the loan with you and is equally responsible for it. A cosigner signs the loan with you but is only responsible if you neglect to pay.

When you're moving out of a house, make sure everything is squared away in your current one. Here are eight things to do before you leave.

Although it's costly to install, forced air is the preferable method of heating your home compared to baseboard heaters, which are less energy efficient.

FHA loans are backed by the government and have less strict requirements compared to conventional loans.

Turnkey real estate refers to move-in-ready homes and properties that don't require repairs or renovations. This makes them particularly desirable to investors.

Hypothecation is when one party agrees to use an asset as collateral in exchange for the loan, and it occurs commonly in mortgages.

Legally, a transaction broker has to act as a neutral party — unlike a real estate agent who represents the buyer or seller and their best interests.

Here are the top 13 questions every homebuyer should ask themself, their agent, and the seller to ensure that they've covered all their bases.

A well inspection involves testing a home's water source for purity and quanity to ensure the water is safe to drink and that there's enough of it.

Mortgage applications require documents demonstrating your personal details, credit, income, and assets, as well as information about the house you're buying.

In a buyer’s market, prospective homebuyers have an advantage over sellers, while a seller’s market give sellers the upper hand.

A house may collapse if you see signs of structural issues, like sagging walls, uneven floors, leaking roofs, or visible cracks.

Well water is a private form of water that comes an aquifer on your property, while city water is a public water source that is managed by the government.