Deciding how long to stay in a home to make the purchase financially worthwhile involves considering various factors, including transaction costs, equity accumulation, tax implications, and market conditions. A commonly referenced guideline is the "5-year rule," which suggests that homeowners should plan to live in their property for at least five years before selling. This timeframe allows for the...
Buying a home in 2025 can feel like an uphill battle, but some cities still offer affordability, strong job markets, and a vibrant cultural scene. If you're a first-time homebuyer looking for the best bang for your buck, these eight cities provide the perfect mix of economic opportunity and quality of life. .1. Detroit, Michigan Affordability: Median home price: $175,000 | Median household...
How to Handle Lowball Offers on Your Home Without Losing Your Cool It's time for a little heart-to-heart. You’ve worked hard to price your home fairly, and then some joker comes in with an offer so low it makes your head spin. I get it. Your first instinct might be to roll your eyes, fire off a snarky reply, or flat-out ignore them. But let’s take a deep breath and handle this like a pro—because...
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