The process of buying a home is always exciting, but when you are facing the process of buying a home amid a national pandemic, you may not know what to expect. During the COVID-19 pandemic of 2020, the buying and selling of residential properties may have slowed, but homes are bought and sold just the same. The home-buying process does look somewhat different for those buyers who ventured out to find their next place to call home.
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If you're ready to sell your home and you want to rent a place instead, it's time to look at a townhouse. Apartments and single-family homes are the right option for some. But, when you're ready to retire, a townhouse is the way to go. Before you choose an apartment or a home, tour a townhouse instead. Here are just four of the reasons you should rent a townhouse now that you're going to retire.
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Terms like "luxury real estate" and "luxury homes for sale" can seem confusing to home buyers who are ready to begin their search for their next home. The use of the word luxury could lead some prospective buyers to envision homes equipped with gold-plated fixtures, satin-covered surfaces or other very expensive features.
While opulent interiors are sure to be found on some properties advertised as luxury real estate, it is not an actual requirement.
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Typically, buying real estate is a wise decision, as it is an asset that appreciates over time. In addition, when you own your residence, you can qualify for tax breaks. Additionally, in many major metro areas of the country, a mortgage payment is less expensive than paying rent. If you're interested in purchasing residential real estate, you will need to decide whether to opt for a single-family home or an attached unit home, such as a townhouse or a condominium.
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Buying a new construction home is a little different than purchasing a home that is being resold by someone who has lived in the home for years. The entire buying process, when purchasing a new construction home, is a little different.
Thing #1: Be Prepared to Pay Asking Price
When you purchase a resale home, which is essentially a home that someone has lived in for any period of time it is common to get a price reduction or to get the seller to pay for repairs or cover the closing costs.
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