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For buyers looking at every possible home option in their chosen market, it's important to understand foreclosures and short sales. Both foreclosures and short sales are types of distressed sales, meaning that a property is being sold urgently, and often at a significantly lower price than it might otherwise go for. But how do these two types of sales work? How are short sales and foreclosures different? And what do buyers need to know before they start looking at short sales and foreclosures as an option?

Private mortgage insurance (PMI), is a way for many homebuyers to be able to purchase their dream home, with a lower downpayment than many may expect. If you want to make your dream of home ownership a reality, it may be important to understand PMI — including what it is, how it works, and when borrowers do and do not need it.

What is Mortgage Insurance?

Oftentimes, homebuyers won't be able to afford a 20 percent downpayment on the property of their dreams. In fact, it's quite common to put less than 20 percent down. A recent study found that 60 percent of home buyers were able to finance their home purchase with a downpayment of 6 percent or less. Similarly, in 2017, the median down payment on a home was 10 percent, according to a Motley Fool report.

As we close the books on our 163rd year, we continue to take great pride in our collective success — and 2018 was no exception. Looking back on what we checked off our list, we're blown away by everything our team was able to accomplish together, in every corner of our company.   Of course, it all starts with making sure we...

"Fixer upper." Those words have become almost ubiquitous in our culture, thanks to HGTV and its roster of charming celebrities, including Chip and Joanna Gaines. Home-focused TV shows are all the rage, and they're inspiring countless people to think big when it comes to their real estate search, dreaming of all of the renovations and changes they could make to transform a property into their deluxe dream home. For others, it's all about "flipping" a house for profit. That is, buyers see the potential of investing their time and money to fix up a property, so that they can then turn around and sell it for a higher price. Now, these fixer upper and home flipping shows are certainly entertaining while sitting on the couch and enjoying their shiny results thanks to the magic of editing. But it's worth asking yourself: What's at stake when it comes to actually taking on a fixer upper?
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