home buying

What Happens When a One-of-a-Kind Home Needs a New Owner?

When shopping for a home, it’s not uncommon to come across one that truly stands out. It’s not because the home is an old fixer-upper or that it’s a newly renovated home with a designer kitchen. It’s a home that’s architecturally significant or in some way conveys a “different” attribute. For instance, it might be

5 Reasons to Buy a Home This Fall

Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers. If you’re in the market for a home, here are some reasons why fall can be

The Huge Risk Home Buyers Take When They Waive Inspections

If you’re buying a home in a competitive market and your offers keep getting beat out, you may be tempted to resort to desperate measures. In addition to offering more than the asking price or a quick closing, some buyers agree to waive inspections. This is never a good idea. The home may look OK

5 Facts Home Buyers and Sellers Should Know About Credits

After months of searching for the perfect home, making some offers, and maybe even competing with other buyers, you finally have a deal on your dream home. It took some negotiations, but you and the seller have come to terms. Or have you? Too often, getting a signed contract and putting your money into escrow

Is Buying a ‘Starter Home’ Still Smart?

When the Baby Boomer generation was venturing into adulthood, it was common to buy a “starter home” – a modest, small dwelling. As their families grew and careers advanced, they moved into bigger or better homes. Now, many people struggle to come up with the down payment for a first home. They may wonder if it’s

What Do Buyers and Sellers Pay in Closing Costs?

Rarely does a buyer or seller show up to the closing without knowing exactly what their costs of sale will be. In fact, based on the mortgage loan amount of the purchase/sale price, it’s not hard to ballpark either side’s closing costs. Before you get too far along in the process, ask your real estate agent or

5 Ways Home Buyers Make Their Agent’s Job Harder

Buying a home can be a long and challenging process. It’s a big, expensive and infrequent transaction that can cause lots of stress and anxiety. Some buyers take years to complete a purchase, and they require a lot of hand-holding and make lots of requests. Others are more self-sufficient, and only bring in the agent from

Renters: Are You Ready to Buy a Home?

For renters planning to buy a home, preliminary steps like creating a budget and saving for a down payment are obvious. Here are five more advanced steps toward moving out of your rental and into a dream home of your own. Understand the full cost of homeownership As a renter, a single rental fee covers your monthly

4 Things to Know About Buying a ‘For Sale by Owner’ Home

During the home-buying process you’ll see tons of homes, mostly listed by real estate agents. But from time to time you might encounter a home listed for sale by owner (FSBO). You may even have a friend or relative who wants to sell you their home directly. While it may seem that buying a FSBO home without