4 Red Flags To Look Out For When Purchasing A Single Family Home
If you're like most people, purchasing a single family home isn't just to have a place to live, it is also a big financial investment. While house hunting, it can be easy to fall in love with a home, but it is also important to look out for red flags that pop up during the home inspection that may indicate that you should walk away if the seller doesn't want to make repairs.
Can a Low Home Appraisal Keep You From Buying a Home?
Your purchase offer for a home likely contains several contingency, including one that is based on the home appraisal. The results of the appraisal could have a bearing on whether or not your lender is willing to fund the purchase of the home. If you have an appraisal upcoming, here is what you need to know. What Is the Home Appraisal? The home appraisal is an estimate of what the home you want to buy is worth.
Oh The Places You Will Go! Investigating A Home Like A Pro Before Making An Offer
The whole process of shopping for a home you will make your own is terribly exciting. You get to spend your days traipsing through houses and envisioning your family and belongings tucked inside, and this can definitely be a lot of fun. However, in all seriousness, buying a home is a really big deal and deserves a keen eye for detail and a little dirty work. Way too many buyers sift through home after home without stopping to check in all the hidden spots before they decide to make an offer.
Rats And Trash: Two Reasons Your Basement Apartment Tenants Keep Leaving
If you have a multi-family house and rely on the basement apartment income to help cover the mortgage, then you know how important long term tenants are. Every time you have to screen new tenants, show the place, and let it sit empty, you are losing money. So, if your prior tenants have complained about rodents and the smell (or sight) of trash, then you need to do something about it.
Looking For A House But Looking For Something Older For More Space? Make The Best Investment With Help
If you are looking to purchase an older home because you want to get more space for your money, you want to work with a real estate agent to make sure you make a great financial decision. You want to know that you aren't going to buy a property, stick a lot of money into it, and then end up losing money on the property over time. Although you can't always predict how much a property will increase or decrease in value, you can make smart investment decisions.
Figure Out The Answers To These Questions Before You Rent Your House
Being a landlord of a rented house requires you to wear many different hats, including emergency repair person and financial negotiator. Renting a house to tenants, however, can be a money-making business that improves your financial standing with minimal headaches. In order to avoid some of the hassles that can arise when you're a landlord, it's a good idea to come up with a solid list of rules before you seek your first tenants.
Three Ways to Finance Your Bare Land Purchase
If you have been searching for just the right parcel of land to build your future home or cabin on, then it is important that you plan for how you will finance the purchase. While you can easily obtain a mortgage for an existing cabin or home, getting a loan for a land purchase is a much harder thing to accomplish because many lenders do not offer this type of financing.
Wondering If You Are Ready To Become A Homeowner? Answer These Questions To Find Out
Owning a home has long been considered part of the American dream and there are many benefits to doing so. But buying a home, especially if it is your very first real estate purchase, is a big decision that comes with serious responsibilities that must be considered. If you have been wondering whether you should stop renting and buy a home of your own but have doubts or fears, answering the following questions can help you determine which path is best for you at this point in time.
4 Reasons To Hire A Real Estate Agent When Buying A Home
When it comes to home buying, it's always a good idea to hire a real estate agent, especially if this is your first time buying a home or you don't have the best experience with home buying. Here are four reasons hiring a real estate agent is extremely helpful in these situations: They Know Prices: Homes are not always priced at fair market value and your real estate agent will know if this is the case based on the neighborhood the home is listed in and how the home compares to other homes in the neighborhood as far as features and size.
3 Tips For Buying A Vacant Home
Buying a home that has been vacant for a considerable period of time can be a risk, but it could be one worth taking. Owners and mortgage lenders who are anxious to sell the homes often lower the purchase prices to bargain rates. If you are considering buying a vacant home, here are some tips to ensure it is worth the price. Turn on the Utilities In an effort to save money, some owners and lenders turn off the utilities to vacant homes.