June, 2018

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How to Buy a Home From a Family Member Without the Risk of a Huge Feud

Realtor

pepifoto/iStock; realtor.com Buying a home is hard, but if you want to learn how to buy a home from a family member, you’re entering truly treacherous territory. Because, let’s face it, we’ve all been to family dinners where a seemingly benign issue can instantly turn into a blood feud. And when it comes to real estate—usually the largest asset most people have—there’s a lot at stake financially.

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6 Smart Ways to Build Home Equity

Zillow

Home equity is the percentage of your home's value that you own, and it's key to building wealth through homeownership. Let's take a closer look at how to build home equity without blowing your budget - and how to access it when you need it. How much equity do you have? Equity is easy to calculate when you first buy a home because it's basically your down payment.

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How to Buy a Home From a Family Member Without the Risk of a Huge Feud

Realtor

pepifoto/iStock; realtor.com Buying a home is hard, but if you want to learn how to buy a home from a family member, you’re entering truly treacherous territory. Because, let’s face it, we’ve all been to family dinners where a seemingly benign issue can instantly turn into a blood feud. And when it comes to real estate—usually the largest asset most people have—there’s a lot at stake financially.

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Everything You Need to Know About Employer Relocation Packages

Zillow

If your company has asked you to move to a new city or state for work, you're not alone. Each year, nearly seven million people in the United States relocate because of their jobs. Before you start packing boxes, it's important to know what your employer will and won't offer in terms of relocation assistance, and how that could affect both your move and your pocketbook.

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The Do's and Don'ts of Home Equity Loans

Zillow

Home equity is a valued resource, and if you have it, you might be tempted to tap that wealth for other purposes. A home equity loan, which allows you to use your home’s equity as collateral, is a great way to do this. But depending on your personal situation, it may not be the right thing to do. Here's when a home equity loan makes sense - and when it doesn’t.

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Entertaining With Pets: How to Keep Them Safe (and Sane) at Your Next Soiree

Zillow

Whether you throw a housewarming party or a backyard barbecue, it's important to understand that your pets may not share your enthusiasm for entertaining. Despite the term “party animals,” many dogs and cats don't like raucous gatherings with strangers invading their space. Some pets get really spooked by unusual activity in the home - even moving furniture around can upset them.

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5 Mortgage Misconceptions Set Straight

Zillow

Getting a mortgage can be a breeze or a slog, depending on what you know about the process. To get organized and set your expectations properly, let’s debunk some common mortgage myths. 1. Lenders use your best credit scores. If you're applying for a mortgage jointly with a co-borrower, logic suggests that your lender would use the highest credit score between both of you.

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'You're Throwing Money Away' and Other Myths About Renting

Zillow

Renting often gets a bad rap. It’s true that some aspects of being a renter are less than glamorous, but it’s not all bad. In fact, the number of renters is on the rise, and the traditional mindset about renting is changing. Let’s debunk three of the most common myths about renting. 1. You're throwing money away. Many people say that paying rent is like taking your money and throwing it away.

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Renters Beware: These Hidden Costs May Be in Your Lease

Zillow

By Leigh Raper. The rental market is extremely competitive in many urban markets right now. According to the Zillow Group Consumer Housing Trends Report 2017 , renters account for 37 percent of all households in America - or just over 43.7 million homes, up more than 6.9 million since 2005. This jump in the number of renters has put pressure on both tenants and landlords.

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The Top 5 Renting Nightmares and How to Face Them

Zillow

Renting offers its fair share of perks, but with great flexibility in your living arrangement comes a unique set of challenges - most of which are out of your control. Here are a few tips to help you face the top five renting woes. 1. Pest infestation. Pests can be an all-too-common occurrence for renters. They can hide in your drains, in your kitchen cabinets and sometimes even on your bed.

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10 Ways to Make Sure You Get Your Security Deposit Back

Zillow

Getting your security deposit back after you move may feel like an impossible feat, but it isn't. Remember that your security deposit is essentially your money, so not all hope is lost when it's time to move out. "It's the landlord's obligation to return [the deposit] at the end of the lease,” says Abbie Philpott with move-out company Pleased to Clean You.

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Want to Rent Your Vacation Home? Beware These Lender Rules

Zillow

Ready to buy that ski cabin or lake house? Renting it out while you’re not using it is a great way to make it happen - but not so fast. Lender rules may not allow it, so here's what you need to know. Different loans have different rules. The first step to financing your vacation home is understanding what mortgages are available and their rules about renting: Primary residence loans.

Finance 36
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How to Buy a Vacation Home in 5 Steps

Zillow

Dream of owning a vacation home but find the idea of buying one too intimidating? It’s actually easier than you may think. Here’s a guide to help you analyze your options. 1. Match housing choices to your lifestyle Many people assume they must own a primary residence before owning a vacation home, but that’s not necessarily true. What’s really important is matching your housing choices to your lifestyle.