Buyer How To Make The Most Of Using Your 401(k) On A Home Raising the money for a down payment on a home could be the most challenging step towards homeownership. One way to get the amount you need is to borrow against your 401(k)–although there are numerous options you can consider depending on what’s wise for you at the moment. But first, what’s the real deal behind […]
Buyer Important House Hunting Tips That Will Minimize Your Stress And Keep You Sane There’s not an ounce of doubt that today’s home buyers know how to prepare for the house hunting process—especially in a market where competition is tight. Very seldom will you find a home buyer who isn’t pre-approved, and most savvy buyers are sure to have everything else sorted out financially. A well-informed buyer will have […]
Buyer Home Viewing Etiquette For Buyers Before landing your dream home, the first order of business would be the initial process of finding it. Buyers should expect a lot of tours before finding “the one”–but although sellers are often the ones who have to “impress,” buyers should not be too lax about their behavior. If competition ends up being tight, the […]
Buyer How To Pull Off A Long Distance Move To Your New Home Congratulations, you just purchased a new house and are now ready to move. The hassle of the home buying process is over, but the settling-in process is not quite done yet. While the hassle of moving your things can sometimes be unnoticeable because of all the excitement, it wouldn’t hurt to do a few things […]
Buyer Understanding Property Liens and How They Can Be a Nightmare To Your Home Sale First things first: you need to have a clear idea of what a lien is. A property lien, in simplest terms, is a legal claim a creditor can put against your property as a consequence of an unpaid debt. It is the creditor’s way of collecting debts you owe to them by intending to fund […]
Buyer Important Factors That Affect Your Mortgage Application Want to know what lenders look at when they evaluate your loan application? It’s a combination of things. Banks evaluate your attitude towards debt, predict your future income based on past and current employment, and measure your seriousness to purchase a home by asking how much down payment you will be able to put down. […]
General How To Properly Deal With The Threat Of Foreclosure The prospect of losing your home to foreclosure can be heartbreaking, and dealing with it can be equally devastating for you and your family. After all, when the bank decides to foreclose on your home, your credit report may be permanently stained — leaving your financial future scarily uncertain. On top of this, you will […]
Seller 6 Staging Mistakes To Avoid When Selling Your Home In the 2018 Home Staging Resource Survey of over 4,200 homes, 85% of the staged homes sold for 6-25% more than the unstaged homes. It’s proof that even if sellers might think it can cost them so much time, money, and effort to do home staging, it usually pays off in the end as it […]
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Buyer Beware: These Features Can Drive Up The Cost Of Your Homeowner’s Insurance What drives up my home insurance costs? Why is my insurance premiums so high? If you’re a new homeowner, this must be one of the many questions that have crossed your mind since you embarked on this new journey. Well, the location, construction, condition, and certain features of your home all play a significant part […]
Buyer What’s In A Mortgage? Breaking Down the Components of A Mortgage Payment In simplest terms, a mortgage is a long-term loan designed to help borrowers purchase a house. It allows individuals to become homeowners without making a large down payment and thus, fulfilling The American Dream. Once you become a homeowner, a mortgage represents one of your life’s biggest financial commitments. So it’s important to understand the […]
Buyer The First-Time Home Buyer’s Guide To Earnest Money Deposits Congratulations, you’re about to purchase your first home! We’re guessing you’ve already gone through the mortgage pre-approval phase, and now it’s time to do the exciting part: house hunting! While you can shop with confidence because of the pre-approval letter provided by your lender, you should also be aware of the importance of having enough […]
Buyer What To Do When Your Offer Is Rejected: Tips On How To Become A Better Home Buyer Once you finally decide to place an offer on a house, you have to be ready for what comes next. In a slow market, your offer has a high chance of getting accepted given that there is little to no competition. But in a hot market where bidding wars are won by people offering to […]
Buyer What Things Should You Disclose When Selling A Home? Another complicated thing about selling a home is the issue of what you and your real estate agent need to disclose. You really want to sell your house and at the best possible price. But on the other hand, you don’t want to be a sneaky seller and feel like you are deceiving anyone. It […]
General 5 Things That Might Cost You If You Hide Things From Your Landlord As a renter, there’s nothing more valuable than maintaining a good relationship with your landlord or property manager. One way you can keep a positive connection is by being honest and upfront right from the start. However, one surefire way to form a negative relationship is to lie or hide things from them. And because […]
Seller Home Sellers: Check This Easy Guide To Boost Your Home’s Curb Appeal Like moths attracted to flames, potential buyers can get riveted to a home with an excellent curb appeal. Buyers who will be drawn to your home’s appearance will definitely want to discover more of what lies behind your front door. Fortunately, maximizing your home’s curb appeal doesn’t necessarily mean spending thousands of dollars on big […]
Seller Top 7 Reasons Why You Shouldn’t Overprice Your Home Tempting as it may seem, jacking up the listing price of your home to leave room for negotiations is a dangerous risk that a lot of sellers regret taking.If you are really serious about selling your home, it is best to take pricing seriously by listing your home at its fair market value. Otherwise, you […]
Buyer Understanding Contingencies: A Guide For Buyers and Sellers When looking for homes online, home buyers might chance upon a property with a “contingent offer” status. This means that an offer has been made and accepted, but the sale is still conditional while both parties work on meeting certain criteria. These criteria, or contingencies, are actions that must be met for a contract to […]
Seller Getting Cold Feet? Here’s How You Can Prevent Seller’s Remorse Buyer’s remorse (the feeling of regret after making a huge purchase) is a common sentiment that a lot of people understand and sympathize with, given that the average person makes huge purchases more often than he/she gets to sell anything of substantial value. This is why the seller counterpart of this feeling is quite unheard […]
Buyer Opportunities And Risks Of An Interest-Only Mortgage: A Guide For Home Buyers Opportunities 1. Lower monthly payments The main and obvious advantage of an interest-only mortgage is its low monthly payments. This benefits buyers who are looking to buy a relatively expensive property, since an interest only loan allows you to buy a pricier house than you would be able to afford with a standard fixed-rate mortgage. […]
Buyer In Love With Historic Homes? Here Are The Pros And Cons Of Buying One Owning a historic home certainly comes with its own set of benefits and challenges. You need to make sure that you are ready for the challenges and responsibilities—financially, emotionally and even physically. Beyond its unique and charming characteristics, it is also important to determine whether the home meets your lifestyle and certain life choices. Historic […]