Home Hunting and the Internet

So, it’s home hunting time. Where do you start? Who do you contact? Well, home hunting has been made much easier with the advent of the Internet. There are plenty of websites these days with huge numbers of real estate listings, which make the task of finding a home so much easier. You can now browse through home listings, compare prices, compare the specifics of each home before deciding on which home you wish to see. Not only do you save on a lot of time but you get to choose from among a variety of homes hence not missing out on any home you may regret not having seen earlier. In addition, you also stand to benefit when it …

Home Sellers – Things To Look Out For When You Receive An Offer On Your Home

You are selling your home and just received an offer from a prospective buyer. It is time to read over the purchase agreement presented to you. The agreement is a very important document because it is a legally binding contract between you, the home seller, and the home buyer. It spells out all of the details of the sale of your property. It is best to get a real estate attorney or Realtor to help you with this. Besides the obvious price, financing terms and closing date here are a few things to look out for: Financing Contingency How long does your buyer have to get financing? This is very important to know because you don’t want to take your …

How To Buy Your First Home!

Avoid the 10 Most Common, Painful, Frustrating Mistakes First-Time Home Buyers Make. Buying a residence can be a hair raising experience. You will experience a roller coaster of emotions while finding the right place, securing the loan, closing and finally moving in. For most of us, the first time home purchase is the largest investment we’ve ever considered. The emotions of purchasing something so expensive and personal can often cloud our business judgment. Most home purchasers do little or no research before they make such a large investment. Doesn’t it make sense to become as completely informed as possible before you buy your first home? This special report is designed to help you avoid 10 common and crucial mistakes. 1. …

How To Buy An Air Filter In 3 Easy Steps

I’ve got a confession to make. I don’t like shopping for car parts. In fact, I always see it as an unnecessary expense that should magically fix itself. Guess what? Cars need air filters every 30,000 miles or so. I’m not a mechanic so I don’t have a way to sell you an air filter over the web, but I can save you some bucks on either replacing or cleaning your air filter when the time comes. I’ve done the research so you don’t have to. 1) Compare offers online. Since you are most likely reading this over the web, you can certainly take a look through the various auto part retailing websites. Just enter you car make and model …

How Long Will It Take To Sell Your Home?

I am often asked how long it will take to sell a home in today’s market. Many parts of the country are generally enjoying a seller’s market and have been for several years. Apart from the obvious factors (e.g., homes in very high price ranges have fewer buyers than $300,000 homes), a word about economic reality is in order. We have all been taught that the real equation in real estate is “location, location, location.” This is utterly false. People actually live in Kansas! The real equation in real estate is price vs. condition. If your home is marketed effectively, (i.e., at least two dozen showings, and it’s in the best possible showing condition) you should get a favorable response …

How Much Rent is Too Much Rent?

You want what every apartment renter wants: the most comfortable surroundings you can get for the lowest possible monthly rent. Some of today’s newly constructed apartment communities have taken luxury to an entirely new level. Some complexes have gas fireplaces, TV monitors by the front door, drive-through mail service, and office equipment for their tenants, among other creature comforts. Every renter has to consider the importance of amenities like these. Are they important enough to you to merit a rent increase of perhaps $200 more than the rent you pay now, at a modest yet affordable complex? While some of us consider an apartment as just a place to hang one’s hat, others place a premium on home surroundings. But …

A Guide to Buying a New Home

If you’ve decided to make the leap from renting a home to owning a home, you might be a little overwhelmed at the prospect of shopping for homes and applying for mortgage loans. While mortgage loans can seem a bit confusing at first, you’ll find that they aren’t nearly as bad as they might seem once you’ve taken the time to learn more about the mortgage loan process. While this is by no means to be considered a complete list of everything that might come up while shopping for a new home, you’ll find below a brief guide to the process of shopping for a home and applying for a mortgage loan. Searching for a home The first part of …

8 Tips for Renting the Right Apartment

So, you’re looking for an apartment to rent or share with a roommate. Whether you’re a first-timer or an experienced apartment-hunter, it’s worth taking the time to decide what’s most important to you in where you live and to plan your search strategy accordingly. With that in mind, here are eight tips to consider: 1. Make a list of your top housing priorities. Do you need extra parking spaces? A place that welcomes pets? A large kitchen or linen closet? A ground-floor entrance to your home? Or what? Thinking through your needs ahead of time can help you find an apartment that meets those needs, instead of one that just strikes your fancy at first glance. 2. Check out the …

5 Reasons Why People Lose Their Homes To Foreclosure

Here are five reasons why people lose their homes to foreclosure: 1. Illness – Illness makes it impossible to work and most people when they don’t work, they don’t make money. Many Americans don’t have adequate health insurance, which makes matters worse. When you are ill your base expenses continue and in addition, many times doctor, hospital and the cost of treatment can eat up a person’s life’s savings in no time at all. 2. Divorce – Divorce causes great physical, emotional and financial strains. Often in a divorce money problems may be hidden from the other partner because they are embarrassed or simply cannot communicate. 3. Money Management – Our educational system fails in a very critical area and …

4 Things You Shouldn’t Do When You’re Buying A Home

1. Don’t Make a Major Purchase You’ve just found out your credit is A . That’s great news, because a new car would look fantastic in the driveway of your new home. But hang on–if you are depending on a mortgage to move in, you’d best wait until after closing to buy the car. An increase in your debt to income ratio reduces the amount of monthly income available for your mortgage payment. If you tack on a higher car payment, the bank might decide you cannot afford the home. Using cash to purchase the car could also create a problem, since banks consider cash reserves when approving your mortgage. If you make a major purchase before closing, talk to …

How to Save Your Home from Foreclosure

The Great American Dream of homeownership is what many in our country diligently strive for. Homeownership brings many benefits, as well as responsibilities. Entrance into the status of homeowner may come with little or no cash investment for a down-payment. The loan that is obtained by a first time homebuyer is usually a special loan designed to assist those in the entry level, who have not yet accumulated a substantial sum for the down-payment. Banks will always prefer to lend to a borrower that has more to invest. Usually, the desired amount is at least ten or twenty percent of the purchase price in the form of cash. Almost without exception, the banks or mortgage lenders will make special loans …