If you’re a home buyer looking for a bargain (what buyer isn’t?) then one option to consider is a HUD home. This is a home owned by the U.S. Department of Housing and Urban Development. When a buyer who took out an FHA loan forecloses, the property goes to HUD. But...
You'll often hear that homeownership builds wealth. Usually what people mean by that is owning a home builds equity. Equity is a term that refers to how much of your home you actually own. Anyone who takes out a mortgage will need to make a down payment. How much of a...
When on the hunt for your future home there will be a lot of things to consider and compare. Every buyer will have different needs and wants and a smart buyer will have these clearly established in their mind before they begin their home search. After all, a buyer’s...
Nothing talks quite like money in real estate. The ability to put down an all-cash offer on a home immediately puts you ahead of those offers who are relying on financing. Why? Because it cuts out the time and hassle of the mortgage approval process. For those who...
Buying a Condominium If you want the benefits of home ownership without the obligations of having to perform your maintenance, a condominium could be right for you. When you purchase a condo, you are obtaining ownership of a specific unit within a building. Condo...
A home purchase is a significant and expensive transaction with long-term financial implications. Buying a home wisely, at the right price and terms, can provide a lifetime of benefits and enjoyment! But if you overpay for a home, or choose a home that involves more...
The National Association of Exclusive Buyers Agents (NAEBA) released a letter to Congress today urging members to include real estate agency disclosure language in legislation relating to mortgage lending reform, including the Anti-Predatory Lending Act and the...
The American Homeowners Foundation (AHF), the independent national nonprofit consumer education organization serving American homeowners since 1984, has published a free guide to help home buyers avoid the many traps related to buyer representation. These traps have...
