When you choose an ARM, you must take steps now to prepare for the worst, not the best. If you think you can’t afford a fixed-rate mortgage, I am going to ask you to stand in your truth. You likely can if you lower your price point for a home. Expand your search a little ...
Ask about their connections. If you're trying to find the right house in a seller's market, your agent will have to be on top of finding new properties that meet your needs. Well-connected agents find out about these properties before they're listed to give you an advantage. They'...
What Every Home Buyer Needs to KnowRichard Simon
What every first-time homebuyer needs to know about owning a home: It’s easy to be overwhelmed when problems and unexpected expenses arise, especially during your first year of homeownership, and the only way to handle issues with minimum stress is to b
If you have bad credit but are a first-time homebuyer, start maximizing your score before you begin house hunting. Check your credit score so you know where you stand, review your credit history to make sure it’s accurate and remember to consistently pay your bills on time. You canchec...
“It's important for me to let them know I want to know the rules of engagement for their neighborhood and to ask what I need to know to be a good neighbor," Conti says. "I want to play nice in the sandbox.” She adds: “This practice alone has paved the way for many wonder...
Other homes in the neighborhood influence the value of your home as well. These are known as comparables or "comps". One way to initiate home comps is by looking at the prices of homes like yours that have recently sold to help determine your home’s potential value. ...
Home inspectors do not usually have to check specifically for termite damage, mold, asbestos, or water contamination. If you are concerned about these issues, ask your inspector for a heads-up if they suspect any of these problems. Interior Inspection ...
An inspection report can include everything from material defects that negatively impact a home's value to minor cosmetic issues. Based on the report, the buyer may decide to proceed with the sale, schedule additional inspections, renegotiate the sale price with the homeowner, ask that certain re...
Usually, an addendum is attached to the signed lease or purchase agreement and describes financing terms and property inspection requirements. Addendums are in frequent use within the real estate market. As a potential home buyer and seller negotiate an agreement, often referred to as the ...