Things To Consider When Buying A Home


























Comments

Post a Comment

Popular posts from this blog

Walkable neighborhoods: Demand up but supply low

Image
                                       Walkable neighborhoods: Demand up but supply low   WASHINGTON (AP) – Jan. 29, 2016 – Few neighborhoods can match the perks of Adams Morgan in Washington, D.C. – a reality that reflects a broader problem for the U.S. housing market. Residents of Adams Morgan enjoy a bevy of bars, restaurants, exercise studios and shopping, just steps from their row houses and condo buildings. Home values are reasonable relative to neighborhood incomes. And in general, the area schools rate as better than average nationally. Across the country, just 14 percent of neighborhoods manage to be at once affordably priced, walkable and near decent schools. And many of those neighborhoods exist in only two cities: Washington and Seattle, according to a new ana...
Read more

Applying For A Mortgage: Why So Much Paperwork? We are often asked why there is so much paperwork m

Image
    Applying For A Mortgage: Why So Much Paperwork? We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage. During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happ...
Read more

5 Reasons You Shouldn't For Sale By Owner

Image
       Thinking of Selling? 5 Reasons You Shouldn’t For Sale By Owner In today's market, with homes selling quickly and prices rising some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five reasons: 1. There Are Too Many People to Negotiate With Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner: The buyer who wants the best deal possible The buyer’s agent who solely represents the best interest of the buyer The buyer’s attorney (in some parts of the country) The home inspection companies, which work for the buyer and will almost always find some problems with the house. The appraiser if there is a question of value  2.  Exposure to Prospective Purchasers Recent studies have shown that 88% of ...
Read more