Submitting an offer on a home is a huge deal. When submitting the offer, the buyer(s) are required to provide an ‘earnest money’ deposit to the home owner as a show of good faith that they are fully committed to their offer. For many buyers, it can feel like a huge risk. This can cause […]
What Does it Mean to Sell a Home As-Is? Selling a home as-is essentially means selling it in its current condition. Homes sold as is come with a disclaimer that the seller will not make repairs, upgrades, or offer credits for any issues before closing. Common Reasons for an as-is sale. The seller can’t afford […]
As an empty nester, it’s natural to start thinking about downsizing and moving closer to your adult children. However, this move is much more than finding a new home. There are several steps that you will need to take to ensure that your move is successful and that you’re happy in your new home. This […]
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How to Keep Your Monthly Payment Low When Mortgage Rates are High With mortgage rates currently near 20-year highs, many prospective homebuyers are maintaining a ‘wait and see’ approach. This is keeping many homebuyers sidelined until they see rates drop back down to the all-time low interest rates of the past 10 years. Unfortunately, no […]
Many people across the country dream of homeownership. But often, realizing that dream first means finding financial stability. If you’re looking to buy a house within the next year, you’ll need to manage your debt carefully. Additionally, balancing your savings will be key. Determine Your Debt-to-Income Ratio Knowing and understanding your debt-to-income ratio is one […]
We all understand that living in a bustling U.S. metropolitan city comes with a premium price tag. Whether it’s New York City, Chicago, Miami, or Los Angeles, the cost of living is going to be exponentially higher than it is in more rural or suburban areas of the country. One common factor in this inflated […]
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There’s no doubt about it, some of South Bay’s most exclusive and coveted properties are located on the Stand. Beyond just having a majestic beachfront location, homes built on The Strand boast fine craftsmanship, unique designs, and epic ocean views from sprawling balconies and rooftops. Let’s take a look at some of the most stunning […]
Everyone loves a bargain, especially when purchasing real estate. As much as we love a good bargain, finding one in our South Bay real estate market is easier said than done. Often, home buyers need to dig a little deeper into some of the financial numbers, physical stats, and future value & income potential. If […]
It’s well-understood that buying a home can be an exciting, yet emotionally charged process. During the home search specifically, buyers are continuously challenged by homes for sale that doesn’t check every box on their list. Perspective home buyers often have to make compromises when choosing a home to move forward with. Although there may be […]
Luxury listings are always fun to preview, whether you are in that particular market or just curious to see how the rich folks are living. Here at Merit Real Estate, we too love previewing these stunning luxury listings that grace our local marketplace. This week, we are highlighting our top 5 luxury listings in Palos […]
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