Mindblown: a blog about philosophy.
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What Should You Do if a Home Seller Backs out of a Sale?
The buyer has a few options if the seller backs out of a home sale after accepting the buyer's offer: 1. Sue for specific performance 2. Sue for damages 3. Or walk away from the deal
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Can You Transfer a Mortgage?
In most cases, only government-insured and adjustable-rate conventional loans can be transferred. The buyer assumes the seller's interest rate, remaining loan term, and principal balance. This option can save money on interest costs, but buyers need to buy out the seller's equity. Continue to full article
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Oklahoma: States With the Cheapest Rent Prices
In Oklahoma, the cost of living is 12% < the national avg, and housing is 28% lowerA 1-bed apartment in Broken Arrow spanning 681 sq ft is listed at $1,005/mo.
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Oklahoma Housing Market: Stable, Affordable, and Seller-Friendly
Oklahoma's housing market boasts stability and growth, offering significant affordability compared to national trends.With a median home price of ~ $241K, Oklahoma remains much more affordable than the national average.
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Honoring Our Nation’s Heroes on Memorial Day.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
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First-Time Buyers Beware: NAR’s $418M Settlement
The settlement aims to shift commission responsibility to buyers, potentially reducing costs for sellers in the process. Legal experts anticipate negotiations over commissions, which may pose challenges for both agents and first-time buyers.
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Oklahoma’s Rent: The Salary You Need
Median monthly rent: $989 Monthly income needed: $3,297
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Guide to buying your first property
One of the most crucial decisions in life is whether to buy property, seen as both a home and an investment. Consider affordability, shop around for loans and properties, research the neighborhood and property developers, and save for attorney fees before making a purchase. Continue to full article
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Happy Mother’s Day
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society. The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods. Anna Jarvis’s lobbying…
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Will mortgage rates rise after this week’s Fed meeting?
The Federal Reserve meeting this week will impact mortgage rates. A rate cut is unlikely due to high inflation. Mortgage rates may rise even if the Fed keeps rates steady. Homebuyers can still secure lower rates by buying points, considering adjustable-rate mortgages, or shopping around for the best deals. Continue to full article
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