Everyone knows there’s a big difference between renting an apartment and buying a home but not everyone realizes that buying a condo is significantly different from buying a single-family home. There are many good reasons to want to live in a condominium, but the buying process can be a minefield of potential disasters to the […]
Tag Archives: buying a home
Who Pays the Real Estate Agent
Most home buyers and sellers work with a real estate agent, and the agent charges a commission. How much is the commission, and who pays it? The answer in both cases is: the terms are set in the listing contract the seller signs. Typically the buyer and the seller each have their own agent, and the […]
10 Questions to Ask the Lender When Applying for a Mortgage
Preparing to buy a home? We encourage buyers to ask prospective lenders these 10 important questions at or prior to mortgage application. (1) What are your qualifying guidelines? Ask about requirements relating to your income, employment, assets, liabilities and credit history. Qualifications for 1st-time homebuyer programs, Veterans Affairs loans and other government-sponsored mortgages are typically less stringent. […]
Home Inspections
Suppose you bought a house and later discovered, to your dismay, that the stucco exterior concealed a nasty case of dry rot. Or suppose that when you fired up the furnace in the winter, you discovered a cracked heat exchanger leaking gas into your home. The best way to avoid unpleasant surprises like these is […]
Buying a Home | The Closing Process
Congratulations! You’ve signed the contract and you’re ready to close on your new home! Knowing what costs are associated with the closing, what to bring, and what documents you should keep from your closing will help ease the process. We’ve provided this information for your convenience. Common Closing Costs for Home Buyers Once your lender […]
Life Expectancy of Common Household Items
Many factors affect the life expectancy of housing components and need to be considered when making replacement decisions, including the quality of the components, the quality of their installation, their level of maintenance, weather and climatic conditions, and intensity of their use. Some components remain functional but become obsolete because of changing styles and tastes […]
Tips For First-Time Home Buyers
For many people, buying their first home is a rite of passage and ownership is part of the American dream. And while many excited hours are spent planning interior color schemes, choosing new furniture and dreaming of moving day, many first-time buyers spend equal amounts of time fretting the home buying process. Let’s face it, if […]
Sources For Your Down Payment
Finding down payment cash is often the biggest challenge to buying a home. Rest assured we have lots of ideas to help you overcome this hurdle. PMI While PMI or Private Mortgage Insurance has pretty much made the traditional 20% down payment a thing of the past, buyers who are able to put more money […]
6 Reasons You Should Never Buy or Sell a Home Without an Agent
It’s Sunday morning, you’ve just picked up your Starbucks and are checking out the latest home listings on your favorite mobile real estate search app before you hit the road for a day of open houses. You’re DYIing this real estate thing, and you think you’ve got this covered—after all, thanks today’s real estate consumer search sites […]