Buying Process

June 7, 2012

National Homeownership Month in June Highlights Opportunities to Support Homeownership

The National Association of Home Builders (NAHB) wants current and future home owners to know about the many opportunities they have to show their support for the American dream of homeownership during National Homeownership Month in June. For anyone looking to buy their first home, or to move up to …

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May 28, 2012

Home inspections: Scope and Limitations

Do you find these familiar?

  • Health and safety issues
  • Roofs with a short life expectancy
  • Furnace / A/C malfunctions
  • Foundation deficiencies
  • Moisture / drainage issues



Yes, these are services needed for home inspections - Checklist it is!! Doing this maybe time and money hassle …

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May 21, 2012

Pre-approval Gives Everyone Confidence

The benefits of buyer's pre-approval are without question; it is good for the buyers, the sellers and the agents. It saves time, money and removes the uncertainty of knowing whether the buyer is qualified. The direct benefits include:

  • Amount the buyer can borrow decreases as interest rates …
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May 14, 2012

Just a thought

Whether you're refinancing your current home or buying a new one, something worth considering is a 15 year loan rather than a 30 year term. The payments will be a little higher but you'll get a lower interest rate and you'll build equity much faster.

Let's look at …

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May 3, 2012

Question of the Day - Where can you find fixer-uppers?

Q: Where can you find fixer-uppers?

A: They are literally everywhere, even in wealthy enclaves. What sets them apart is price. They have lower market value than other houses in the immediate area because they have either been poorly maintained or abandoned.
To determine if a property that interests you …

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April 13, 2012

Americans' Expectations Align to Encourage Home Buying

More consumers may be looking to purchase homes with a shift in several key housing market indicators, according to Fannie Mae’s March 2012 consumer attitudinal National Housing Survey. More Americans now expect both home rental and home purchase prices to increase over the next year. Nearly half of consumers expect …

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Feb. 27, 2012

Question of the day - What is a bridge loan?

Q: What is a bridge loan?

A
: It is a short-term bank loan of the equity in the home you are selling. You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on …

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Feb. 24, 2012

More Previous Homeowners are Looking to Rent in 2012

Increasingly more people are looking to renting as an affordable, flexible lifestyle option, causing apartment vacancies to fall to their lowest point in 10 years. Reis reported that the apartment vacancy rate dropped to 5.2 percent in Q4 of 2011, down from their reports of 5.6 percent in Q3 of …

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Jan. 9, 2012

What You Need to Know Before Purchasing a Home with a Friend

Whether it’s to focus on a career, education or simply themselves, people are getting married later in life these days, however, that doesn’t mean they’ve given up on the prospect of owning a home.

In fact, buying a home with a friend or non-spousal family member is a trend …

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Nov. 29, 2011

Why Pay Full Price?

No one wants to pay more than its value regardless of the product. When you buy bananas for 49 cents a pound at one store and see them for 39 cents a pound at another store, it's not the ten cent difference as much as it is about overpaying.

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