Whether it’s your first or fourth, home purchase can be a nerve-wracking experience. From the search for your ideal home to negotiating and getting your loan approved, real estate transactions can be complex, to say the least. Given what is at stake, it goes without...
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Residential Real Estate
What to know about buying a short sale
A short sale occurs when a homeowner needs to sell their home for less than what they currently owe on it. They usually arise if a homeowner is dealing with financial issues and they need to eliminate the monthly payment. If you want to purchase a short-sale home,...
3 suggestions for selecting the ideal real estate agent for you
One of the most stressful things you can do is move. Sometimes it seems like nothing ever seems to go as planned and that a lot of time is wasted waiting. A good real estate agent can determine how smoothly the process goes. It's a smart idea to "shop around" for a...
2 terms you should know when buying a home
Buying a home, especially a first home, comes with a lot of uncertainties. This complex process is nothing like walking into a store to buy new clothes. Instead, you have to find a home you’re interested in, make an offer on it, and wait for the seller to respond to...
5 unexpected clues about a home’s condition
Buying a home is a detailed process. During your search, you may tour several homes. While most people know to look for things like cracks in the walls and signs of water damage, there are some subtler clues that things are wrong with the home. Taking the time to...
2 closing costs you can avoid but probably shouldn’t
When you buy a piece of residential real estate, you will typically be the one paying the closing costs. You have to make deposits into an escrow account for taxes and insurance. You have to pay the fees associated with loan origination and the actual appointment to...
3 indicators that now is the right time to downsize your home
While owning a big home is thrilling, it comes with many responsibilities. Therefore, if your home doesn’t match your lifestyle, you might want to purchase or move to a smaller one. Besides, downsizing your home has many benefits. You can increase your cash flow,...
Be sure to consider a new home objectively
When you’re in the market for a new home, you probably have a list of must-haves. Some people also refer to this as a wish list. It just means that you’ve created an organized list of the things that you’re looking for in the home. This doesn’t necessarily just mean...
What makes real estate comps inaccurate?
When buying and selling real estate, comps are very important. These are used to determine the value of the property. Essentially, you just find comparable properties that have sold, you look at the market value for those properties, and you use it to set the value on...
Why you shouldn’t look at “love letters” from potential buyers
If it’s been years since you’ve had a home on the market, you may be surprised and touched when your real estate agent forwards you emails or even hand-written letters from prospective buyers. These “love letters” have become common – particularly in highly...