How to Ease Home Buyer Stress

The home buying process can be a happy and exciting experience if you prepare yourself before beginning your home search. You can minimize stress if you take the following steps: Determine what you can afford. Examine your financial position, total income, monthly expenses and the amount you have available for a down payment. Check your

Choosing a Neighborhood

Before you start your home search, keep in mind that you’re buying more than just a home, you’re buying a lifestyle. The neighborhood you choose will influence your family’s life for years to come so it is important to identify neighborhoods that will meet the needs of you and your family. When evaluating a neighborhood

Questions to Ask When Buying a Condo

Buying a condo isn’t exactly the same as buying a home. With a condo, you have to consider both the unit you are buying as well as the condo project as a whole. So, before you buy a condo, make sure you know the answers to some important questions. Ask about the condo association’s rules

What are Comparables?

Comparables (or “comps”) is a real estate appraisal term that refers to properties with characteristics similar to a subject property whose value is being determined. If you are purchasing a home or using your home as collateral for a loan, your lender will ask a licensed or certified appraiser to determine the current market value

Buying Versus Renting

Considering buying your first home? You’re probably trying to decide if it is better to buy or rent. The benefits of owning a home become much clearer as you compare the two options. Let’s take a look at the primary benefits of buying versus renting. When you own a home you can truly make it

What is a Counter Offer?

When a buyer finds the home of their dreams, they submit an offer to purchase to the seller. The seller then has the right to accept the offer, reject it or make a counter offer. Let’s take a look at what a counter offer is. A counter offer usually states that the seller will accept

Is Moving Insurance Necessary?

Most people don’t think to buy moving insurance because they’re under the impression that their moving company automatically covers items that are damaged or destroyed during the move. The fact is moving companies don’t provide moving insurance, they only provide “valuation” coverage which is not the same. Valuation coverage is a predetermined limit of liability

Buying a Home in Today’s Market

Today’s housing market is very competitive. As a potential home buyer, you can increase the odds of being the winning bidder on the home of your dreams with these important tips. Get pre-approved, not pre-qualified. Pre-approval confirms you are able to secure a loan for a set amount based on your verified credit, income and

What Is a Sump Pump?

A sump pump is a device used to remove ground water from underneath your home. Let’s take a look at how it works. A sump pump is usually installed in the lowest part of a basement or crawlspace. Its job is to continually keep the area under the building dry and to prevent it from

What Documents to Keep After Closing

  There’s lots of paperwork involved in a real estate transaction. Here is a list of the documents you should keep after the closing: *  The purchase agreement and all attachments. *  The seller disclosure form. *  The home inspection report. *  The HUD-1 settlement statement that itemizes your closing costs. *  The deed that states