Real estate is a major investment. Darrow Wealth Management has guidance on buying before selling a home, becoming a landlord, financing and refinancing, different mortgages types, buying a home for retirement, inheriting a home, owning a rental property, vacation and second home considerations, tapping home equity, and more. Real estate can make a great investment, but it is also very illiquid and often emotional. Before making a big financial decision, consider all aspects of your financial situation.
Why own a home in a revocable trust? There is one main reason to consider putting a house in trust: to avoid probate court. Although a living trust can be an effective estate planning technique, it is important to understand the benefits it can and cannot provide. A living trust
Can I buy another house before I sell mine? Updated for 2025. Because who wants to move twice? To buy a new house while selling yours (or selling and buying a home at the same time), you need cash and potentially the ability to carry two mortgages. Although challenging, here
Should you get a mortgage if you can buy the home with cash? The idea of living mortgage-free can be particularly enticing for individuals nearing retirement. At this time, it’s also common for empty-nesters to consider selling the large family home in favor of a smaller property or condo that’s
Should You Pay Off Your Mortgage Early or Invest Extra Cash? It’s true: the idea of living without a mortgage payment sounds enticing. On the surface, it may also seem like a no-brainer financially…paying off debts is typically considered a positive thing. Unfortunately, many homeowners get so wrapped up in
Moving and wondering whether you should sell or rent your house? It’s common for homeowners to wonder if they should rent or sell their home after buying a new house. Owning a rental property can be a great way to diversify your streams of income, particularly if you have a
Buying, Selling, Financing, and Inheriting Real Estate Real estate is often a big part of an individual’s net worth, whether by accident or design. In the last 10 years, we’ve seen a tremendous comeback in the real estate market across the country. Buyers today generally enjoy low (but increasing) interest
Inheriting a home, such as the family home or a vacation home can be emotional. As you begin to sort through the emotional and practical issues, you may initially be left with more questions than answers. As an added complexity, you may have inherited a house with siblings. Varying wishes