One of the considerations in buying a home is property tax. Your EBA will research and explain property taxes in detail so that buyers are comfortable with the tax collected at the time of closing and property taxes due in the future. Your EBA will advise you what the...
When you begin the journey of buying a home, there is a critical step that should not be overlooked. Namely, obtaining a mortgage pre-approval! This may seem counter-intuitive for first-time home buyers. After all, how can you apply for a mortgage without knowing...
When buying or selling a home, one crucial step is the home appraisal. A home appraisal determines the fair market value of a property, providing both buyers and sellers with an objective assessment of its worth. However, the appraisal process is one of the most...
Buying a home from a builder is not necessarily easier or harder than buying from an individual home owner, but it is very different! This is because a builder constructs and sells multiple homes for a living, with no emotional attachment to any of them. National home...
Most of the time, home buyers do not need to pay their agent a fee out-of-pocket since normally it is built-in to the price of the home, but that doesn’t mean the fee is unimportant. The National Association of Exclusive Buyer Agents (NAEBA) offers the following...
HGTV’s “House Hunters” makes it look easy. Eager buyers look at three perfect homes for sale and choose one, making a quick decision. In real life, home buying takes time and effort. According to a recent article in Forbes, the average buyer spends about 17...
In a prior blog post, we talked about what home buyers should know about interest rates, and how rates impact home buying power. Home buyers should also know how their credit score affects the mortgage interest rate they’ll be offered! You cannot control the market...
Home inspections are an essential part of the home buying process. Home inspections are a common buyer contingency in the purchase contract, allowing for a third-party inspection of the home’s structure and mechanical elements. Put simply, a home inspection is a...
When you visit a home for sale, you might assume that certain things would be included with the deal, such as the appliances, light fixtures and window treatments. Yet these items are not always included in the sale. What’s included in a home sale can vary by local...
In many markets across the country, inventory is low and that can make it very difficult for buyers who wish to purchase a home. At the National Association of Exclusive Buyer Agents (NAEBA), we noticed that most of our members are still finding success for their...