Blog

Zillow calculator helps you look at value of buying vs. renting

Zillow is offering a new app that helps you decide whether you should rent or buy based on what they call “the breakeven horizon.” Deciding whether you should rent or buy largely depends on the amount of time you plan to stay in the same place because there’s a threshold for when buying makes more sense financially than renting. For example, if the average breakeven horizon for Portland 2.8 years, and you plan to live there for a year, it would make more sense to rent. But if you plan to live there for 2.8 years or longer, after purchase and selling costs, taxes, maintenance, appreciatio...

August 2nd, 2012 Zillow calculator helps you look at value of buying vs. renting

Before closing, do a final walk through

If you’re one of the lucky people who will be closing on a home in the near future, you may feel that the long journey to homeownership is just about over. But there’s at least one more thing you need to do, which Brendon Desimone discusses in “5 Tips for the Final Walk-Through.” It’s important to know that a home inspection and a walk through are very different things. A walk through comes after the inspection, and it’s the last chance you have to make sure all the agreed-upon repairs have been made, and no new damage is evident. The walk through should be done with your real esta...

July 31st, 2012 Before closing, do a final walk through

Understanding the basics of homeowner’s insurance

When purchasing a home, people often get so caught up in the fine print of the mortgage that they pay little attention to the homeowner’s insurance, and what is and isn’t covered. It’s important to understand what that payment you make every month offers you for protection, and whether it’s adequate for your needs. In his Zillow blog post “The Ins and Outs of Homeowner’s Insurance,” Leonard Barron highlights the major components of insurance, and how you should go about traders insurance and deciding what is best you for. Dwelling coverage. This is th...

July 26th, 2012 Understanding the basics of homeowner’s insurance

Housing market shows promise with annual gain

It appears that the housing market has reached its bottom, as Zillow reports that its home value index rose on an annual basis for the first time since 2007.  During the first quarter of 2012, home values were 0.2 percent higher than they were during the first quarter of 2011. The increase, though small, suggests that things are looking up, and home values have risen for four consecutive months. Despite job uncertainty, it seems that low mortgage rates and home values are pushing people to buy now. Home foreclosures were also down again in June, continuing the steady decline that began in Jan...

July 24th, 2012 Housing market shows promise with annual gain

Rental costs continue to rise

In a Zillow blog post, “Rents Rise as More Americans Flock Back Into Cities,” contributor John Kelly gives yet another reason why buying a home now is a good idea: Rental costs are going up monthly. Census data shows more people, particularly young ones, are moving into the cities, therefore the demand for dwellings is on the up. Kelly points out that many young adults just out of college can’t afford to buy, so they have no other choice but to rent. If renting is a necessity, then rising costs won’t deter people from renting. But before you assume you fall into the cat...

July 18th, 2012 Rental costs continue to rise

Why now is the perfect time to buy…

Owning your home is one of the best, most practical investments you can make to secure your financial future. There are typically two prime times to buy a home: When mortgage rates are low, or when home prices are down. But right now is an exceptionally rare occasion when both of those driving factors are in play. Mortgage rates are hovering at once-in-a-lifetime historically low levels, and home prices are still down, though they are slowly beginning to recover. On top of that, the cost of renting is creeping up nationally and locally. Many people make the false assumption that owning a home ...

July 18th, 2012 Why now is the perfect time to buy…

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636

 

Search Our Site