High prices, limited inventory and bidding wars are forcing shoppers to get creative as they search for the perfect house. Gone are the days of driving up and down city blocks looking for colorful 'open house' signs and being at the mercy of a real estate agent. Numerous technological tools are available that make home shopping easier than ever.
KGTV in San Diego recently reported on a man who made an offer on a home after seeing it only through FaceTime on his iPhone.
Google Maps and Yelp can function as the ideal way to search neighborhoods for desirable schools, restaurants and local businesses. Government agencies now post a registry of sexual offenders and other public crime data – vital as safety is a constantly ranked as a top priority for buyers.
Although only professionals can provide exact figures, both iOS and Android have a variety of mortgage calculator apps that can crunch numbers and provide estimates of monthly payments.
Today, conforming no-point 30-year fixed mortgage rates average 3.625 percent while the 15-year rate is near 2.875 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.