video The preference to rent is still a major headwind for the for-sale housing market: Real estate expert Marcus & Millichap CEO Hessam Nadji on the outlook for the U.S. housing market. Before making an offer on a house, you want to be absolutely sure that it’s “the one.” But with so many options out there, how do you find your perfect match? Continue Reading Below Finding the right home involves research, so you’ll need to ask the right questions. That way you know you’re making a competitive offer on a home that you can afford — and meets your long-term needs. MORE FROM FOXBUSINESS.COM TRUMP SAYS TAXPAYER PAIN COULD WORSEN IN NEW YORK, CALIFORNIA OLDER AMERICANS' HOUSING WEALTH SURGES TO RECORD HIGH To weed out the duds from the diamonds, here are 15 questions to ask when buying a house. 1. What’s my total budget? It could be a waste of time to start looking at houses without understanding how much house you can … [Read more...] about Buying a house? 15 questions to ask
Things to inspect when buying a house
As the late, great George Carlin once tried to remind us, "That's all your house is -- a place to keep your stuff." Now, his philosophy didn't convince many people, of course, because there are just too many other emotions tied up in the idea of homeownership. It appeals to our territorial instinct to plant roots, to have a little place of our own that we can do with as we please, or to show the world that we're real, responsible adults. So in our ongoing Motley Fool Answers series covering major life events, this week, co-hosts Alison Southwick and Robert Brokamp tackle the complexities of buying a home, with aid and insight from Ross Anderson of Motley Fool Wealth Management -- a sister company of the Motley Fool. And in this segment, they lead off with one of the biggest questions that people may forget to ask: Should we be buying a home in the first place? It's not a one-size-fits-all answer, and emotions and "stuff" notwithstanding, you'll want to look hard at the real math before … [Read more...] about Is Buying a House a Smart Move for You?
As the late, great George Carlin once tried to remind us, "That's all your house is -- a place to keep your stuff." Fortunately for the real estate industry, his philosophy didn't gain too much traction in American society. People who can afford to own rather than rent generally do -- and even plenty of people who can't. But the process of transitioning from tenant to property owner is long, complicated, and filled with potential pitfalls. So in our ongoing Motley Fool Answers series covering major life events, this week, co-hosts Alison Southwick and Robert Brokamp have asked financial planner Ross Anderson of Motley Fool Wealth Management -- a sister company of The Motley Fool -- to share some of his best advice. He and his wife purchased a home recently -- and your friendly hosts have done so, too -- so this podcast includes lessons learned from painful experience, as well as professional wisdom. Join them for a meandering walk through the process, from how to tell if you're ready … [Read more...] about So You Want to Buy a House: A Not-Quite-Step-by-Step Guide
Photo: H. Armstrong Roberts/ClassicStock/Getty Images After embarking on the home-buying journey, my first thought was, “This is terrible. Let’s just rent forever.” My realtor was throwing around terms like appraisals, inspections, and earnest deposits, and it felt like my head was spinning. After renting for eight-plus years in Philadelphia, figuring out how to buy a house was like learning a brand-new language. But with the rapid rate of job growth and development in the city, rising interest rates, and the possibility of a growing family, my husband and I decided 2017 was the best time, if any, to make the switch to home ownership. We had quite a ride — our most memorable experience as first-time home buyers was when we settled on a house only to have to exit the contract because of an appraisal issue. I won’t scare you with any other anecdotes, but we agreed that the house is not yours until you have the keys. Buying a home for many can feel like an … [Read more...] about How to Buy a House and Not Go Insane
A car vending machine opened on the north side of Indy this week, and left some wondering how the thing works (and if it's legit). Here's what we know about the Carvana vending machine at 8130 Summit Hill Dr. to help you decide whether getting a car like a gumball is right for you: Is it actually a vending machine? Well, yes...and no. It's a seven-story glass tower that holds 26 already-claimed used cars awaiting pickup from people who bought them online. The buyers come to Carvana on an appointment basis, and pick up the car. OK, so how do I buy one? Head to www.carvana.com and search more than 10,000 cars from all over the country. The website will walk you through everything: Finding and selecting the car right for you, setting up financing, and selling or trading in your existing car. Once you've gone through the process, which Carvana says could take as little as 10 minutes, you can choose to have the car delivered straight to your house or pick it up at the … [Read more...] about Here’s what you need to know about buying a car from Indy’s new car vending machine