5 questions to consider before buying the home

You hear so much about now being the ideal time to buy. And it is. But don’t let that pressure you into buying a home that isn’t the right home. In his blog post, “Five Questions to Ask Yourself Before Deciding to Buy,” Leonard Baron covers the major questions that may seem obvious, but that you want to stop and think about before signing that contract. Will I own it for at least 5 years? Five years is about the break-even point for earning appreciation in value above the buying and selling transaction costs, according to Baron. So to ensure that you won’t end up losing money on the ...

June 14th, 2012 5 questions to consider before buying the home

What should and shouldn’t be included in your home purchase

Interesting blog post by Brendon Desimone regards the things that are and aren’t included with a home purchase. In “5 Things Not Necessarily Included in Your Home Purchase,” Desimone offers an antidotal account of one buyer who fell in love with the large, unique mirror in the foyer of the home she was purchasing. When she came to move in, the mirror was gone, and all that was left were a few holes and missing wallpaper. Unfortunately, things like this happen all the time. It’s important to know, and include in your purchase agreement, what is and isn’t part of the buy. Appliances. T...

June 14th, 2012 What should and shouldn’t be included in your home purchase

Moms share real estate advice

We know it’s a little late, but this idea was too cute to pass over. In her blog post, “Moms Share Their Advice for Real Estate,” Erika Riggs shares the advice mothers have given their children in regards to purchasing a home. The number one word of advice, Riggs said, was to have financial sense. One mother, Kristie Caron-White, said don’t take the amount you’re approved to borrow as the amount you have to spend. You can always spend less if you don’t have much saved. Melissa Nowak said to buy as if you only have one income. Another big piece of advice was ...

May 18th, 2012 Moms share real estate advice

Reasons why now is the best time to buy

In his MSN Money article, “Why now is a good time to buy a home,” Eric Pianin sums up the primary reasons why now is a good time to buy a home. Housing affordability is the best it has been in more than two decades, Pianin explains, as both mortgage rates and home prices are low, which is much more rare than many consumers believe. “Housing affordability, a ratio of the typical household income relative to the annual income necessary to buy a median-priced home at prevailing mortgages rates and under reasonable underwriting criteria, decreased dramatically in the early to mid-2000s as h...

April 13th, 2012 Reasons why now is the best time to buy

Money Mistakes to Avoid with Housing

In her blog post “Foolish Money Mistakes to Avoid,” Vera Gibbons highlights some of the big money mistakes that people make when it comes to housing. Here’s her list: Trying to time the market. This is a big one. Professionals have been saying for a few years that it’s critical to take advantage of low home costs and mortgage rates now while you still can. A lot of people are thinking that, since this has been the case for a while, there’s no rush, and they’d rather wait it out and see if prices drop even further. The truth of the matter is, no one can say for certain when prices w...

April 12th, 2012 Money Mistakes to Avoid with Housing

Organize Your Finances Once and For All

It’s not too late to start a New Year’s resolution. If one of your goals is to get your personal finances under control, Brian O’Connell’s article “5 Tips to Organize Your Financial Records Once and For All” may be just what you need. Here are some of his suggestions: Reduce paperwork: O’Connell offers a good rule of thumb for what to do with bills – if they can’t be used for tax purposes, don’t save them. Get a folder to put receipts and bills for tax purposes, and shred the rest. You may also consider going paperless to reduce paper. Some people like to get a physical bil...

February 20th, 2012 Organize Your Finances Once and For All

Acadia Lending Group LLC

190 Riverside Street Unit 4B
Portland , Maine 04103

Phone: 207-899-4500

Fax: 207-899-4503

NMLS: 370636


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