Category: Buying Process

Whether you are searching for small personal space or a starter family home, this tool can help you find a property to fit your needs. The Multiple Listing Service is composed of hundreds of database computer systems located throughout the USA for real estate agents to showcase their available real estate listings that are for sale and for lease. Using the MLS optimizes your chances of finding your perfect home!

Creative Ways to Save for a Down Payment on a Home

One of the biggest obstacles deterring hopeful home shoppers from buying a new home is the down payment. But it doesn’t have to be that way. Once you’ve figured out how much of a down payment you really need, the only step left is to find out how you’re going to start saving. For those

5 Signs It’s Time to Walk Away From a Home Purchase

Buying a home is an exciting, stressful and emotional process.  Once you’ve gone to lots of open houses and started making offers, chances are you might get hooked on a house or two. But even when you’re this far into it, several situations can occur to make the deal seem less appealing. It’s tough to

5 Surprising Reasons Co-op Boards Turn Down Buyers

You found a beautiful pre-war co-op with ample closet space and a subway-tiled bathroom. Your offer was accepted. So it’s a green light to move in, right? No quite. In a co-op, you become a shareholder in a corporation that owns the property, so as such, you must surmount one final hurdle: an interview with the

5 Not-So-Obvious Qualities to Look For in Long Term Buy & Hold Properties

You’re a rental property investor. You’d like to purchase a house you can own for a very long time. Ideally, it will maintain its value and have minimal repairs and maintenance. It should also be located in an area that has strong tenant quality and gives you a healthy cap rate and cash on cash

Buying a home? Look past the staging

Buying a home? Then you’ve likely come across a staged home. Home sellers rearrange furniture to make rooms look bigger and bake cookies to fill the air with a homey aroma. But you, smart homebuyer, should look beyond the stagecraft. “While not all staging is trickery, because the basic premise of staging is to make

What to Do If Your Home Purchase Appraisal Comes Up Short

Since a home is collateral for your mortgage, your mortgage can’t be approved without an appraisal report on the home’s value. Appraisals aren’t guaranteed to come in at your contract price, and your loan options change if your appraisal comes in short. Here’s what to do if this happens. How a low appraisal changes your loan options When

Why You Shouldn’t Rush Through the Final Walk-Through

The final walk-through in real estate was designed so that the buyer could literally “walk through” one last time before the closing. From time to time, a buyer and seller will have negotiated any number of fixes during escrow. The walk-through gives the buyer an opportunity to make sure all the agreed-upon work has been

3 Real Estate Scams And How To Avoid Them

At the AARP conference in May, an attendee came over to Barbara Floyd Jones’ booth and shared a unfortunate tale of financial woe. A fake company masquerading as a government-affiliated housing agency had swindled the unsuspecting homeowner out of $10,000 amid promises to modify the mortgage. After coughing up cash for phony “processing fees”, the

9 Things Buyers Regret Overlooking

The last thing you want after moving into your new house is buyer’s remorse. With so many details to track when buying a home, items can slip through the cracks. Figuring out which areas you shouldn’t overlook is the first step toward mitigating remorse. With avoiding that sinking feeling in mind,® spoke with a

Buying a House With Cash: Should You Do It?

    You’ve just sold your home and are ready to buy again. For the first time in your life, you may have enough money to pay cash for a home—but should you? Buying a house with cash has its upside and its downside, too. Let’s explore the pros and cons and what you could stand

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