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Estate planning is a critical process that every individual should undertake to ensure their assets are distributed according to their wishes upon their death or incapacity. One of the primary ways to achieve this is through the creation of either a will or a trust. While both a will and a trust serve similar purposes, there are significant differences between the two.
As we get older, our needs and priorities change, and we may find ourselves in a situation where we need to downsize our living arrangements. Whether it's because you are tired of the cold Northern Nevada winters, exhausted from maintaining a large property, the kids moving out, or just want change, downsizing can be a great way to simplify our lives and focus on what's important.
When purchasing a new home, title companies provide an essential service to ensure the transaction goes smoothly and without any issues. In this blog, we will discuss title companies and their role in the home-buying process.
One of the most common questions that buyers have is: What is mortgage insurance and when do I have to get it? In our podcast we sat down with Elena Boland, of Wholesale Mortage, to learn more details. Mortgage insurance is essentially an insurance against loss, paid as a monthly fee when putting anything less than 20% down on most loan types. These fees are paid into entities such as government reserves or private mortgage insurance reserves that help pay for foreclosures or back up any losses for banks.
Are you a homeowner in Nevada? Have you heard of the Declaration of Homestead? If not, you could be putting your primary residence at risk.
If you are considering selling your home, there are likely some updates that you can make to help entice buyers. Many factors determine the value of your home - from location and curb appeal to the finishes inside your home. Potential updates can include your home’s plumbing, roof, siding, and cosmetic updates such as paint color and appliances. There are two categories of updates to consider - essential and cosmetic. Essentials are items to ensure your home is safe and will last. Cosmetics are the things that make your house feel like a home.
Finding a place to live can be a daunting task. So many things go through your head when you make this decision. The first is probably “Should I buy a house or keep renting?”
Today, I want to share a personal story about my career path and offer to pay it forward if you are looking to make a bold change in 2023. Back in the Summer of 2016, I watched a YouTube episode of the Family Feud with my son, which was being hosted by Steve Harvey. At the end of the episode, Steve walked over to the audience and delivered one of the most inspiring and motivational dialogues I had ever heard called “To be successful you have to jump." Below is the YouTube video of his dialogue after the show and I highly recommend you watch it.
Your home is likely to be your single largest asset, and deciding to buy is a big decision - perhaps the biggest financial one of your life. With our years of experience in the local Reno-Sparks Real Estate Market, we have many tips and insights to share with our clients. If you are getting ready to start house hunting for your next home, here are some tips that we have found to be beneficial for our buyers:
With mortgage rates doubling in the last 12 months, buyers are scrambling to find lower-rate options to buy a home. One option is an adjustable-rate mortgage, also known as ARMs. An adjustable-rate mortgage is a home loan with an interest rate that can fluctuate periodically based on the performance of a specific benchmark. ARMs generally have caps that limit how much the interest rate and/or payments can rise per year or over the lifetime of the loan.