Buyers pursue short sales to get great deals on distressed properties. So when you see a low price listed for a home that you think is too low for the neighborhood, before you jump on that price, ask your agent to call the listing agent to find out if the home is a short sale. …
Tag: tips
Oct 12
How Financing Details Affect Your Offer
How Financing Details Affect Your Offer Most buyers do not have enough cash available to buy a home, so they need to obtain a mortgage to finance the purchase. Since you will probably make your purchase contingent upon obtaining a mortgage, the seller has the right to be informed of your financing plans in order …
Oct 07
Writing an Offer – Safeguards Regarding the Property
Writing an Offer – Safeguards Regarding the Property Disclosures From the Seller Although you have toured the property, looked at the walls and ceiling, turned on the faucets and played with the light switches, you have not lived in it. The seller has years of knowledge about his or her home and there may be …
Oct 06
Offering to Purchase Real Estate- the Basics
Writing an Offer to Purchase Real Estate Once you find the home you want to buy, the next step is to write an offer – which is not as easy as it sounds. Your offer is the first step toward negotiating a sales contract with the seller. Since this is just the beginning of negotiations, …
Oct 05
Major Factors Influencing your Offer Price for the home you wish to purchase.
How Property Condition Affects Your Offer Since you have toured the property you are interested in, you should know how it compares to the general neighborhood. All you have to do is put the home in one of three categories – average, above average, or below average. When evaluating a home’s condition, there are a …
Oct 05
Comparable Sales and Your Offer Price of the Home you want to buy
Determining Your Offer Price When you prepare an offer to purchase a home, you already know the seller’s asking price. But what price are you going to offer and how do you come up with that figure? Determining your offer price is a three-step process. First, you look at recent sales of similar properties to …
Oct 04
The Business Cycle and Buying a Home
The Business Cycle and Buying a Home Recession and Expansion There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars, and…they buy new homes. Then, for one reason or another, the economy …
Oct 03
Don’t Buy a Car – or Did You Already Buy One?
Don’t Buy a Car When an individual’s income starts growing and they manage to set aside some savings, they commonly experience what may be considered an innate instinct of modern civilized mankind. The desire to spend money. Since North Americans have a special love affair with the automobile, this becomes a high priority item on …
Sep 30
Important Things To Avoid Before Buying a Home
Other Things to Avoid Before Purchasing a Home Don’t Move Money Around When a lender reviews your loan package for approval, one of the things they are concerned about is the source of funds for your down payment and closing costs. Most likely, you will be asked to provide statements for the last two or …
Sep 29
The Benefits of Owning Your Own Home
Benefits of Owning Your Own Home: The Best Investment As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. Five percent may not seem like that much at first. Stocks (at times) appreciate much …
