Posts Covering Buying a home
May 24, 2018 in Buying a home
The costs of owning a home may surprise you if you’re a first-timer. House expenses should be part of your budget when you buy a home. Costs of home ownership are manageable if you plan ahead.
May 20, 2018 in Buying a home
Buying a home means paying certain costs at specified times during the process. The earnest money check is one of the first things you’ll pay. But if things don’t work out, you usually get the money back.
May 13, 2018 in Buying a home
How much do real estate agents make? And how do real estate agents get paid? Local custom generally determines who pays which closing costs, but everything is negotiable.
May 12, 2018 in Buying a home
Home inspections can help you dodge bullets While most home inspections go off without a hitch, no home is perfect. What you do with the results depends on the findings and how you structure your home purchase agreement. Here’s what to look for in a home inspection. Minor items can be fixed or ignored Major […]
May 11, 2018 in Buying a home
How do discount real estate brokers work? Do discount brokers save homebuyers money?
May 10, 2018 in Buying a home
Dual agency in real estate is almost never a good idea for homebuyers. Here’s why you should avoid it, and how to get your own representation.
May 9, 2018 in Buying a home
You open a newspaper or website and search for “open houses near me” and spend your weekend checking out homes. But is that really the best way to buy?
May 4, 2018 in Buying a home
Whether you call it a purchase agreement, real estate contract, or home purchase agreement, this document is one of the most important things you’ll sign in your life. Here’s how to get it right.
May 1, 2018 in Buying a home
A home inspection is not fun or sexy. But, like health insurance, pulling weeds and annual checkups, it can save you money, prevent mistakes and increase your chances of long and successful home ownership.
Types of homes Different types of homes qualify for different mortgage loans and rates. The main types of homes you can buy are: single family residence manufactured home condominium cooperative (co-op) townhouse multi-unit (2-to-4 unit) properties So how does this work in practice? Your loan availability and what you pay for it depends in part […]
Rules of thumb for home affordability There are several easy rough estimates for how much you can spend on a home. Choose a total payment that is close to what you spend now for rent Select your maximum home price at three times your annual income Choose a total housing payment that does not exceed […]
April 19, 2018 in Buying a home
What is title insurance? Title insurance companies cover you and/or your mortgage lender if you buy property that others make claims against. Issues can pop up even from the distant past or the future, for example: Your seller purchased the property after an illegal foreclosure sale (not uncommon during the Great Recession) A long-lost relative […]
April 16, 2018 in Buying a home
An age-old question: should I rent or buy? You’re established in your career, and don’t expect to move for a few years. And your last rent increase was sky-high. Perhaps it’s time to examine your stage of life and compare buying a condo vs renting. Most experts believe buying is right if you plan to […]
2018 Conforming, FHA, & VA Loan Limits
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)