Valerie Lai, NerdWallet Published 9:00 am PDT, Tuesday, March 12, 2019 This article was first published on NerdWallet.com. In this series, NerdWallet interviews new homeowners across the country about their unique homebuying journeys and the financial decisions that helped them along the way. (Do you want to share your first-time homebuying story? Reach out to [email protected]) Detroit took a massive hit during the 2008 financial crisis, and to this day, many residents can’t afford the down payment, mortgage and other costs associated with owning a home. That’s partly why renters still outnumber homeowners in the city. However, some have become homeowners in unconventional ways: Keitha Caldwell was able to buy a fixer-upper for $17,500 after winning a lawsuit against her former employer over a workplace injury. The 38-year-old retail manager and single mother of two, who eventually had to move in with her parents after the injury, saw the purchase as a … [Read more...] about How I Bought a Home in Detroit
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I’ve been working in real estate for 7 years, and I have a warning for anyone trying to buy a home with help from their parents
Dana Bull is a real estate agent, investor, and coach based in Boston. Bull estimates about half of her millennial clients receive financial help from parents or grandparents to buy their first home. Whether the homebuyer receives help in the form of a gift, loan, or co-sign, it’s important to develop a plan before starting the home-shopping process – and leave the family drama out of it. The real-estate market has been booming. So much so, that it seems like everyone and their mother is buying a new home, and I mean that in the most literal way. In high-priced housing markets mum and dad are shelling out cash and helping their adult children live the American Dream of homeownership. Parents opening up their wallets and assisting with home loans has been going on for generations, but the trend is on the rise according to the 2018 NAR Home Buyer and Seller Generational Trends Report. In Boston, where I practice real estate, I am seeing it more and more with first-time … [Read more...] about I’ve been working in real estate for 7 years, and I have a warning for anyone trying to buy a home with help from their parents
Cameroon get first win for Seedorf, Salah injured in Egypt victory
By Mark Gleeson CAPE TOWN (Reuters) - Captain Eric Maxim Choupo-Moting provided new Cameroon coach Clarence Seedorf with a winning home debut but the Indomitable Lions remained unconvincing as they edged Malawi 1-0 in African Nations Cup qualifying on Friday. The striker hammered home a powerful shot from outside the penalty area midway through the second half to earn former Dutch international Seedorf his first victory in the job after his opening game in the Comoros Islands ended in a draw for one of African football’s most successful teams. Cameroon are participating in the qualifiers despite hosting next year’s finals, although the tournament could be taken away from them if the Confederation of African Football decides after a final inspection next month that they are not ready to stage the expanded 24-team event. Algeria, Angola, the Cape Verde Islands, Egypt, Gabon, Guinea and the Ivory Coast were also winners as all but two qualifiers on Friday went the way of the … [Read more...] about Cameroon get first win for Seedorf, Salah injured in Egypt victory
W. Sac mayoral candidate lands in small claims court over ‘garbage, filth’ left at home he sold
SECTIONS Search E-edition Customer Service Customer Service SacBee Rewards About Us About Us Contact Us Apps Mobile & Apps Twitter, Facebook, Google+, YouTube News in Education (NIE) Newsletters Local Sacramento Region Arena City Beat Crime Local Govt Salary Database The Homeless Marcos Bretón Transportation Education Environment Health & Medicine Traffic Conditions Weather Communities Elk Grove Folsom/El Dorado Roseville/Placer Yolo Sports Sports Kings NBA News 49ers Giants Oakland A's High School Sports Joe Davidson More Sports Raiders NFL News MLB News River Cats Soccer Colleges Golf Autos Racing Politics Politics Capitol Alert State Workers The California Influencer Series Local Elections PoliGRAPH State Worker Salary Database Legislative Gifts … [Read more...] about W. Sac mayoral candidate lands in small claims court over ‘garbage, filth’ left at home he sold
Fall House Hunt: Tips for making that winning offer
Historically low inventory and years of pent-up demand in Greater Boston have combined to create a market that favors sellers and pits home buyers against one another. Buyers who know what sellers want can craft a winning offer in a crowded field without putting themselves at risk. Price is important, but it’s only the beginning of the offer, according to Jim Nemetz, manager and senior vice president of Hammond Residential Real Estate in Brookline and Newton. In this market it’s impossible to know how high other people are willing to go, Nemetz said, so buyers have to make bids with which they’re comfortable. “It can be subjective and emotional,’’ he said. “Offering anything more than the comps support is an emotional purchase. It comes down to [this]: Put in an offer that if you get the property, you’ll be happy, and if someone offers to pay more and beats you, you say, ‘God, bless them.’ ’’ A somewhat … [Read more...] about Fall House Hunt: Tips for making that winning offer