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Builders will Buy Your Existing Home
In a day in time when mortgages are becoming increasingly more difficult to obtain and as home builders are looking to find more pre-sales, builders are finding more creative ways to help their clients be able to qualify for a home loan, and in turn, buy their new home product. Just the other day I [...]
10 Ways to Turn Off a Homebuyer
Original Article: http://finance.yahoo.com/news/10-ways-turn-off-homebuyer-070118154.html What a difference a couple of years makes. Back in 2007, homebuyers would beg to purchase your house. They would even bid more than the asking price for the privilege to do so. Today … well, not so much. Once the real estate bubble burst and foreclosures poisoned the housing pool, buyers suddenly [...]
What is the difference between a Buyer’s Agent and a Seller’s Agent?
There is a huge difference. As you might intuitively guess, one agent is the buyer’s, and one is the seller’s. A Seller’s Agent The seller’s agent is also called the listing agent, who is the agent that has a sign in their seller’s yard. It is also the agent who may have his phone number [...]
What is earnest money and how does that work?
Before even considering buying a home, you must know that you will have to put some amount of money “down” when making an offer. This is called earnest money in real estate. The amount of earnest money varies with the sale price of the home, but you can typically expect $500 earnest money for homes [...]
What to do if you are upside down in your house?
If you owe more than the market value of your house will bring, you are “upside down” in your house. There are 4 things you can do about this: Continue to Pay Until Clear. You can continue to pay your mortgage payment in hopes that the market will bounce back, and that the market value [...]
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