Although most of the real estate news seems to focus on the First Time Home Buyer Tax Credit, there has also been a new tax credit that will be signed in that is geared to help existing home owners. The goal behind this bill is to encourage potential buyers who already own a home and [...]
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When you purchase a home, you may, as a first-time buyer, be overwhelmed by all the paperwork and fees involved! Understandable. Your home purchase will probably be the single largest financial transaction you will ever be involved in! There are numerous federal and state laws that must be obeyed, and many of those laws are [...]
Continue reading about Buying a Home – What is All This Paperwork?
You may have just stepped into one of the most beautiful homes you’ve ever seen and you’re urgently moving to make an offer. Before you move to soon and commit to the home you should remember that your home is not just your property. It extends into the surrounding community. Your neighborhood is your home [...]
Continue reading about Tips From Realtors – Choosing a Neighborhood
Myth #1: You don’t need a realtor when you build a new home because you can save a commission and, therefore, get a better deal from the builder.Myth #2: You don’t need a realtor since you will be working directly with the builder. The builder will take care of the financing, the title company, and [...]
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1. Your first step is to get pre-approved from your Lender. All REO (real estate owned) bank sellers won’t negotiate your offer unless they see a “pre-approval” or commitment letter from your lender first. This first step is critical to your success and additionally to your knowledge of what you can afford.2. All bank owned [...]
Continue reading about 5 Important Steps in Buying Foreclosures
Negotiating with a Home BuilderA dirt construction is a home built from the ground upAn inventory home is a home that is already built and ready to be moved into immediately.The ability to negotiate on your new home is going to be highly dependent on three variables:o What type of home you are buying: dirt [...]
Continue reading about Why Use a Realtor When Purchasing a New Home From a Home Builder?
The buying of a new home takes a bit of time to accomplish, and is not a decision that can be made on the spur of the moment.The decision to buy or build is a weighty decision at best, and will be among the more important ones you will ever make.Decide before you do purchase [...]
Continue reading about What Steps to Take to Prepare for Purchasing a Home
In today’s real estate market the foreclosure rate is through the roof. Everyone is trying to buy foreclosure homes being that there are so many. Some may say that this foreclosure market offers some of the best investment opportunities. This is true, but how do you find these foreclosure homes if you are a newbie? [...]
It is no surprise that the internet has improved our lives a great deal. You can purchase anything you want over the internet from groceries, to TV’s, and yes, even your new home. Many realtors and home owners have their properties available to be viewed on the web. You can get all the information you [...]
Buying (and also selling) a home used to be so much less complex than it is today. Twenty years ago, all you did was find a Realtor and get them to show you houses. The commissions were all 6%, 7% in some areas. The closing process was pretty much predictable. You didn’t have to worry [...]
Continue reading about Tips on Home Buying in Today’s Market