Winter house hunters have an advantage. While house hunting in spring or summer, it’s difficult to gauge how comfortable a home will be during colder nights. Winter conditions provide an excellent opportunity to assess a house’s insulation and identify...
Buying Basics
Social Rooms: Which Will You Use?
When house hunting, many people envision how they'll use their new home for years to come. For some, it's the perfect dining room for Thanksgiving dinners; for others, it's a spacious family room for game nights or a Super Bowl party. Here’s a guide to help you choose...
Why Are There So Many Ranches in This Town?
How Builders Shape Neighborhoods: A Guide to House Styles and Choices When builders decide what types of houses to construct, they consider not just current trends but also practical factors like the landscape, materials, and potential buyers’ preferences. Key...
Mortgage Payments and Closing Costs
Mortgages are like any other loan, except bigger. Getting a mortgage also comes with more up-front costs. What is a mortgage principal? The mortgage principal is the amount you are borrowing. How is mortgage interest calculated? Interest is the amount you pay for the...
Winning in Negotiations by Being Organized
There are several strategies a buyer can use that don’t cost money but can still lead to success in real estate. What defines a win? Securing a property in competition, without paying way more than the competition. Getting a property for less than the competing...
Relocation Q&A: How Do I Get Settled in a New State?
Moving to a new state or region can feel overwhelming, especially when it comes to settling into an unfamiliar community. Whether you've moved locally before or this is your first big relocation, there’s more to it than just packing boxes and changing addresses....
House Hunting with Children
House hunting is mainly an adult activity, but there are times when you need or want to involve your children. House hunters need to pay attention to the property to get the details of the home in their mind. Children can be a distraction, sometimes. Children’s needs...
Buyer Agent Agreements, The Basics
Q: I went to a buyer’s agent who said that he can’t send me property listings until I sign a contract with him. Another agent worked with me all weekend and never asked for one. Which one is right? A: All buyers agents should present a buyer’s agent agreement before...
How Does a Buyers Agent Fee Get Paid?
Every buyer’s agent is required to provide a buyer’s agent contract when they begin working with a home buyer. One thing the buyer’s agent agreement must include is a clear description of what the buyer will be paying the agent and when the agent gets paid. How...
What is a buyer’s agent agreement?
Whenever you hire a professional for something, it is a good idea to have a contract. That’s what a buyer’s agent agreement is – it’s a buyer’s agent contract. It’s a legal document that tells you what the agent is going to do for you and what it is going to cost for...
How the NAR Settlement Affects Home Buyers
In light of the recent settlement between the National Association of Realtors (NAR) and the plaintiffs represented by class-action attorneys, home buyers need to be aware of new rules that will take effect nationwide on August 17, 2024. Here’s what you need...
Pre-Qualification, Pre-Approval, Pre-Underwriting
When you create an offer on a house, the Seller is going to ask you to prove that your mortgage will close on time. All you need is a pre-qualification, right? Nope. You need a pre-approval. A pre-underwritten mortgage is even better! What’s the difference? A...