Whether you’ve been searching for the perfect existing home in St. Louis with no luck or you think now is the time to build your dream home, it makes sense to understand the differences between building vs. buying. What’s right for you and your family will really depend on the area where you want to live, your budget, your patience level, and whether you have a great realtor to guide you through the process.
For years now, websites like Zillow and Redfin have given us the ability to house hunt without any help. With tools like this at our fingertips, why use a realtor to buy a home?
Congrats! Your house is selling for substantially more than you paid for it! That’s a good thing… or is it? There are some scenarios when selling a home will come with hidden fees and tax liabilities.The IRS may want a chunk of the profits in the form of capital gains tax. But there are ways that homeowners can avoid taxes on home sales.
After budgeting how much to spend on a home, buyers can be thrown for a loop when asked if they’d like to add a home warranty at closing. An extra expense can seem like a lot — especially when its benefits are not clear. But the truth is that in some cases, a home warranty can actually save money and offer great peace of mind. If something goes wrong once the keys are in hand, having a home warranty makes repairs affordable.
Just a short drive outside St. Louis you’ll find rolling hills, farmland, and forests. In fact, more than 97% of Missouri is considered rural.
Rural living and hunting often go hand-in-hand. Whether spending weekends with friends in a duck blind or culling the deer population that’s encroaching on outlying suburbs, many Missourians hunt for recreation or out of necessity.
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The time has come. You’re tired of paying rent and ready to take the big step of buying a home of your own. You may be wondering what the best type of home for a first-time buyer is. It’s impossible for us to know whether you should go for the sleek modern city condo or opt for the cute suburban bungalow. What’s best will depend on an individual’s region, tastes, income, lifestyle, and more.
Preparing to sell a home can be expensive: Preparing a home to go on the market comes with the cost of repairs, updates, cleaning and staging. And of course buying one is a huge investment, too; buyers not only need to come up with a downpayment, but have to think about the cost of loan application fees and inspections.
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People in search of real estate bargains may find themselves considering foreclosures. Foreclosed homes have been seized by a lending bank after a homeowner has defaulted on their mortgage. Although not as common as during the real estate crisis of 2008, foreclosures still happen all over the country.
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It’s not news that buying a house is a big financial investment. But many first-time buyers wonder if buying a home is worth it. They wonder how long it will take before breaking even compared to renting. The St. Louis region actually has one of the shortest break-even times in the country.
While homebuyers can’t always relocate to enjoy the best market advantages, if you’re looking to buy in a new locale, the financial site WalletHub.com published a list of communities where new homebuyers might want to consider as their newest “home town.”
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