The Important Differences Between Price and Value
One of Warren Buffett's most famous quotes (via Benjamin Graham) is, "Price is what you pay; value is what you get." It's an idea that largely guides his investment decisions and one that he has used to achieve an unparalleled level of success. What exactly does this quote mean, though, and how can
Can You Use Gifted Money As a Down Payment?
Often, first-time homebuyers may get gifts from family members to put toward their down payment, but there are stipulations. A mortgage lender will consider a few things, typically when you receive money as a gift for your down payment. First, they’ll look at the amount of the gift. Second, lenders
What Is the Worst Real Estate Advice?
Have you heard the following? "Marry the home. Date the rate." "Owning is always better than renting." "Wait for the crash." This advice isn't great. Here's why. About marrying the home and dating the rate, this advice made sense in the last 20 years, but it might not now. If a homebuyer bought a h
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