Start With Defining The Basics: Why do you want a second house? Is it for vacation or retirement, or is it a financial investment? Determining this will help point you in the right direction for the location, price and type of second home you ultimately purchase. Next, Location, Location, Location: You want a vacation home that's convenient to your primary residence, but still far enough away to create a...

When considering purchasing property, several basic questions may arise in the mind of the prospective buyer, whether it is a $2M or $200K purchase being considered. Some of these might include 1). What is the most I can borrow? 2). How much will I pay monthly? 3). What is the interest rate? Although the thought of purchasing a home is viewed with enthusiasm and excitement, the mortgage process can...

Studio-living is a unique experience. It offers the convenience of walking from one living space to another by simply moving around one or two rooms. Such easy access can, of course, be both a blessing and a headache. On one hand, tidying up and putting items away becomes a quick chore. And preparing a snack during your favorite television program is easily accomplished. On the other hand, living out of...

In sellers' markets, multiple offer situations often drive up the purchase price higher than any comparable sales in the area, so sellers worry the appraisals will come in low. In buyer's markets, when prices are soft or falling, sellers are also concerned that the home will bring a low appraisal. Low appraisals can happen in any marketplace: hot, cold or neutral. Why Do Low Appraisals Happen? There are a...