Buying a home can be incredibly exciting and is a sound investment in your future. However, the task can be very daunting and many questions will come up through the process. Come to Bright Hub for advice on choosing a realtor, viewing homes, inspections, offers and negotiations and more. Also read articles on different home styles and types, terminology, buying foreclosed homes and other pertinent information.
Buying a home can be satisfying or stressful event. Here’s an easy way to make sure you know the most important things about home buying before you hire a real estate agent or start looking at property. Test your real estate knowledge and get helpful tips along the way.
You’ve found the home of your dreams and you rush back to the office of your real estate agent to start putting the offer together. When to make an offer on a home depends on when you and your real estate agent have all of the information together to make an educated and complete offer.
Making a lowball offer on a house requires some homework before writing the offer. Even in a buyer’s market, you still need to choose the home well and craft the offer carefully to better your chances of having it accepted by the seller.
When writing an offer to purchase, house buyers typically rely on real estate professionals. If you are going to be doing this on your own or assisting your agent, it is helpful to understand more about these important contracts.
The abundance of foreclosed homes has made purchasing an REO home desirable for real estate investors as well as first-time home buyers. The process can be overwhelming for newbies and often includes more than a few potential pitfalls. Some advice, tips and warnings are discussed here.
Before you buy a home, whether it’s your first home, or even the second, there are some errors home seekers make all the time; some without even realizing the mistake. Learn some of the top five mistakes buyers make and how to avoid them.
Many homeowners find themselves wondering why their tax assessment appears higher than the market value of their home. When they put a home up for sale, they will need to address how close are the tax records for property market value with the buyer. In many cases, this formula is complex.
Most homes begin to settle as they age because the soil beneath them erodes over time from weather and other factors. Settling foundations may be the least of the issues that a homeowner has to be concerned about with unstable soil. Learn the facts about unstable soil and home ownership.
Caveat emptor – “let the buyer beware” is a phrase that applies to home buying as it does with any other purchase. Because certain repairs must be disclosed by sellers, as a buyer, you may wonder should you buy a house with foundation repairs. All forms of foundation repair are problematic.
When a seller closes late, buyers feel impotent. Numerous delays can occur during the course of a home purchase, but the seller delaying the close is the most frustrating. Buyers have limited options when a seller does not close on time, but there is no reason not to exercise those options.
You found the home of your dreams and you have your VA loan approval in hand. You approach the Realtor involved in the transaction only to find out that the buyer rejects your offer. This makes you wonder: if I get a VA loan, can a seller not accept my offer? It turns out sellers may reject offers.
How important is the housing market to the economy? The collapse of the housing bubble revealed a human tragedy beyond families losing their homes. Empty houses create blight in formerly vibrant neighborhoods. This also inhibits mobility and career prospects in an already tight job market.
For those who are considering buying a home that is in a trust, it is important to understand the types of trusts and the challenges that might be faced when trying to decide if buying a home in a trust is a prudent option. There may be legal challenges that could make this purchase difficult.
For those who are curious enough, public records can help them identify how much a home was purchased for by prior owners. While this may take some time, it is often helpful to understand the complete buy and sell history of a home before purchasing.
Buyers who have limited resources may be able to take advantage of seller concessions to help them purchase a home. In some cases, these concessions can reduce the amount of money a buyer needs to borrow or significantly reduce closing costs. Learn more about seller concessions.