What You Should Look for When House Hunting

If you’re shopping for a home and can afford to buy one, you couldn’t be in a better position right now. In many parts of the country, housing inventory is high and both home prices and interest rates are low and as a buyer, you can take advantage of that.

With so many properties on the market, you can probably take a more leisurely approach to house hunting without getting into a fast-paced bidding war. There is a caveat, however. The best homes priced properly for the market conditions will always be in higher demand.

As you begin your search for the right home for you, it pays to keep in mind things you need to check carefully so that they don’t cost you big bucks in the long run.

 

Written By: Diana Lundin. If you would like to continue reading, click here.

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Renting to Own

A good option for first-time homebuyers?

When Chris and Sarah Kane of Visalia, Calif. decided to purchase their first house, their hopes of becoming first-time homebuyers were nearly dashed by ever-soaring prices and a down payment out of their reach.

“We found a home we really liked for $221,000 and figured we would just have to rent it,” said Chris Kane. “But as we thought more about it, we knew we didn’t want to spend over $2000 a month on a home with nothing to show for it.”

Instead, they took a different tack with the seller.

 

Written By:Suzanne L. Coates. If you would like to  continue reading, click here.

New House or an Old One?

Consider the pros and cons to each

As you embark on your venture to buy a home, one of the first decisions to make is whether to buy new or purchase an existing home. Each choice has its advantages, and there is no single answer that works for everyone.

You may be drawn to the shiny new, energy-efficient appliances, the great room, and the beautiful master suite offered in a new home. But you may also like the charm, the canopy of trees that drape over the sleepy neighborhood streets, and the increasing value of an existing home you’ve been eying.

 

Written By: Michele Dawson. If you would like to continue reading, click here.

Make Them An Offer They Can’t Refuse

Follow three key steps to buy your house

Two people shaking hands
Once you’re preapproved for a loan and you’ve survived the rigors of house hunting, the time will come when you find a house that you’d like to call home. But first, you’ll need to make an offer.

The offer is the first step in the negotiation process. A good basic offer includes the price you’re willing to pay for the house, your financing terms, and contingencies, such as specifying what will happen if negative findings come up during the inspection.

Purchase contracts vary from state to state. Regardless of where you live, if you’re making an offer, you want it to be carefully worded and well thought out.

 

Written By: Michele Dawson. If you would like to continue reading, click here.

Do You Have Buyer’s Paralysis?

You’ve looked at dozens of homes. Your REALTOR® is about to tear her hair out with frustration. You are paralyzed, letting one great home after another pass you by. Why can’t you make a decision?
Buying a home can be an overwhelming process. There are so many decisions to make and any of them can mean serious financial consequences. A home, after all, is hardly a liquid asset. Nor is it a growth investment, according to Wall Street definitions. It’s your greatest financial debt, even while it puts a roof over your head. As it appreciates, it also needs repairs and maintenance. With all that weighing on you, no wonder you’ve got commitmentphobia.

Yet, you really want to buy a home. You know that few purchases will provide you the quality of life that a home of your own does.

 

Written By: Blanche Evans. If you would like to continue reading, click here.