Once you are under contract, your lender will send out an appraiser to make sure the purchase price is in line with the property’s value.
Like marriage, home-buying is one part love, one part legal transaction, and starts with a proposal. When you’re ready to buy a home, making an offer is important: oral promises are not legally enforceable in real estate sales.
Every year, nearly half (45 percent) of the United States population uses New Year's as an opportunity to reflect on shortcomings, hopes for the future, and the relationship between the two.
The home buying process is stressful enough without worrying about who you can and cannot trust. Your buyer’s agent is your trusted advocate.
REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:
Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely.
Top 5 Reasons Residents Prefer Professionally Managed Properties
ost people think that the year's end is a quiet period in the real estate calendar, so they hold off listing their homes until spring. But data released by Realtor.com ahead of last year's festive season revealed a significant surge in online property searches around Black Friday. And December 28th was one of the busiest days for real estate searches in the entire year. Listing your home ahead of the celebrations can pay dividends!
olicies for homeowner's insurance usually take several pages to explain the circumstances that are covered under the policy guidelines. Most homeowners don't bother to take the time to read through them, even when they attempt to submit a claim. Here is a look at some of the situations that most homeowner's insurance doesn't cover, unless you obtain a rider (i.e., add-on) policy that does.
ou've bought a house and you can't wait to move in. It's a perfect space for you and your family, and you're looking forward to beginning this new stage of your life. Well, there's one aspect of that new house and that new stage that you should consider—your neighbors. Here are eight ways to promote good neighborly relations:
Taxes rarely make for exciting reading material, but if you own an investment property, there’s at least one set of IRS regulations you absolutely will want to understand: 1031 exchange rules. Why? Because normally when you sell an investment property for more than what you paid for it, you’d have to pay a hefty capital gains tax.
Here’s how to clean up your credit so you get the least-expensive home loan possible.
Getting the loan that suits your situation at the best possible price and terms makes home buying easier and more affordable. Here are seven ways to boost your credit score so you can do just that.
You’ve heard of spring cleaning, but what about fall? Cooler temperatures and storms often mean unexpected leaks, cold drafts, home repairs—and home repair bills. Fortunately, basic fall home maintenance can prevent many of these repairs. Below are a few tips to prepare your home and prevent maintenance issues.