Home Buying Advice Category
Hazard Insurance [incity]
Hazard Insurance can be a great thing to have for many homeowners, as it does protect homeowners against damages that may be caused by fires, severe storms, earthquakes or other natural disasters that could hit home.
Mother nature is unpredictable, and it is wise to expect the unexpected a lot of times, especially when it boils down to a person's investment. You can never be too prepared!
[state] Hazard Insurance Overview
To attain a Hazard Insurance for a... Continue Reading >
What You Need To Know About The Home Inspection Process [incity]
Congratulations on finding a house [incity]!
Once the seller accepts your offer “Time is of the Essence”. Depending on your purchase contract you now have only a few days from when you signed the purchase and sales agreement to have a home inspection.
Typically, your real estate agent made the offer contingent upon a satisfactory home inspection and obtaining mortgage financing. Communication with your real estate agent is key. Ask about your... Continue Reading >
HOA Hurdles to be Aware of When Looking at New Properties
A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project.
According to Wikipedia:
"A homeowners’ association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development of homes.
It allows the developer to exit financial and legal responsibility of the community, typically by transferring ownership... Continue Reading >
Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction
When purchasing a foreclosure, short sale or new construction home [incity] it is important to understand they each have their own unique factors that can affect financing.
If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or, worst case scenario, a denied loan.
Having an open line of communication with your mortgage professional will help you successfully navigate through the purchase... Continue Reading >
Where Does My Earnest Money Go?
A basic and very obvious question that most first-time [city] home buyers ask once their purchase contract gets accepted.
When a buyer makes an offer to buy residential real estate, he/she generally signs a contract and pays a sum acceptable to the seller by way of an Earnest Money Deposit or Good-Faith Deposit.
An Earnest Money Deposit (EMD) is simply held according to the terms of the executed purchase contract.
Earnest Money Deposit (EMD)
The amount varies... Continue Reading >
Learn the Pros and Cons of a Buyer's Agent [incity]
The National Association of Realtors estimates that 9 out 10 homebuyers will use a real estate agent in the search process. Some buyers may contact a listing [city] agent directly or others may find an agent of their own who represents them, the buyer.
Both agents can show you a home [incity], but unlike the listing agent who represents the seller’s interest, a buyer's agent protects the buyer's interests during the crucial... Continue Reading >
Building Your [city] Home Buying Team
Buying a new home [incity] means you will need a team of [city] professionals to help you through many tasks, important timelines, documents and responsibilities that all need special care and attention.
Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute on important decisions. A common misconception of many [city] first-time home buyers is that hiring a real estate agent will... Continue Reading >
Buying VS Renting [incity]
Buying a home versus renting is a major choice in a persons life and needs to be carefully considered.
You will find arguments for both sides, these are generally from people who are professionals in property management, real estate sales or real estate finance, which may be biased because they may be trying to sell a service or product.
It is in a potential [city] home buyers best interest to weigh all their options before making this life... Continue Reading >
