​​Karen Summers Realtor
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Informative Articles For Buyers, Sellers, and Investors

5 Costly Mistakes When Buying a Home
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5 OF THE MOST COSTLY MISTAKES WHEN BUYING A HOME

For many people, a home is the largest purchase they will ever make, but it need not be the most difficult.  Shopping for a home is exciting, exhausting and a little bit scary. In the end, your aim is to end up with a home you love at a price you can afford. 

It is really important to be aware of some emotional mistakes that can influence your buying decision.  Arm yourself with these tips below to get the most out of your purchase and avoid making 5 of the most costly mistakes that could put a hold on that sold sign.     Read More .

5 More Costly Mistakes To Avoid When Buying a Home

5 MORE COSTLY MISTAKES TO AVOID WHEN BUYING A HOME

This is a continuation of the previous article above on costly mistakes to avoid when buying a home.  

6. Being Swept Away or Falling in Love At First Sight
Infatuated buyers who leap at a property tend to overlook the value of the process itself -- from inspection to appraisal. Minor upgrades and cosmetic fixes are often inexpensive tricks playing on your emotions and eliciting a much higher price tag.

If you're on a budget, look for homes whose full potential has yet to be realized. Also, first-time home buyers should always look for a house they can add value to.  Sometimes those overlooked details ....    Read More .

Fixed Versus Variable Rate Mortgages

FIXED OR VARIABLE RATE MORTGAGE LOAN: WHICH IS BETTER?

Fixed or Variable Rate Mortgage Loan: Which Is Better?  This is a common question.  There are several types of mortgages available, but fixed-rate mortgages are the most popular type of mortgage loan in the United States.  So let’s examine them first.

What Is A Fixed-Rate Mortgage (FRM)?
A "fixed-rate" mortgage comes with an interest rate that won't change for the life of your loan.  This means that your total monthly payment of interest rate and principal (the money you borrowed) will remain the same throughout the entire term of the loan.    Read More .