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Category | Home Purchase

Real Estate Offers: What to Offer When Buying a House

When makingĀ an offer on a home, it is important to make sure you are making an educated offer. You know what the seller is asking, but you should never just offer that asking price. You must first fully understand what you would be buying, and whether or not that price was fair before making any […]

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Gift Letters: What is a Mortgage Gift Letter?

Gift letters involve the provision of money to borrowers to enable them to make a down payment. A gift letter is generally referred to in terms of a mortgage. If you are buying a home, but lack the cash to make the required down payment, then a gift letter can be used to legally offer […]

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First Time Buyers: Buying Your First Home

First time buyers are usually excited but nervous when they decide to purchase their very first home. They worry about what is involved, and how to go about purchasing the best home they can for the money they have. It is the biggest commitment of anybody’s life after marriage and having children. Their home is […]

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Lease Option to Buy: Pros a Cons of Leasing a Home

A lease option to buy enables you rent out your home, but also offers the tenant to the right to buy at a prearranged price after a specified period of time. Leasing a home is also known by other terms such as ‘rent to buy,’ because you receive a monthly rent and at the end […]

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Boomerang Buyers and Mortgage after Foreclosure

Boomerang Buyers is the name given to those that are being offered new mortgages after suffering foreclosure on their previous homes. Foreclosure is a dreadful thing to happen to any home owner. However, under the right circumstances, it is possible get a mortgage after foreclosure. The stigma and fallout of going through a foreclosure does […]

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For Sale By Owner: Are There Problems?

When buying a home, you may occasionally come across a home that is ‘For Sale by Owner’ that seems to be a good deal. If you are in the process of looking for a new home, you might be tempted to look further into this – but what does it mean, and are there any […]

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Buying a Foreclosure – Problems Buying Distressed Homes

Buying a foreclosure might not be as easy as you think since buying distressed homes has its own issues to consider. People occasionally try to purchase a foreclosure adjoining their property because a distressed home can have a negative effect on the value of their own home. However, they then run into problems and wonder […]

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Home Inspections from Different Perspectives

Home inspections are essential if you intend to buy a home. Property inspections are not the easiest of things to understand, and even if you have a home inspection checklist, there might be some confusion about home inspections. You might love the house, but a negative report could mean you are unable to get the […]

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Selling Your House: Biggest Turnoffs When Touring a Home

When selling your house you must be aware of some of the biggest turnoffs when touring a home if you want to be given the offer you want. There are several aspects of the normal home that are definite turnoffs to those viewing with the objective of purchasing it. Staging your home properly is very […]

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Buy a Foreclosure: Tips on Buying Foreclosures

When you buy a foreclosure, it is not the same as buying a home on the general real estate market. Here are some tips on buying foreclosures that could get you a good home at a significantly lower price than its genuine value. Some may be sold at auction, although it is more common for […]

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