One of the most important documents in purchasing property is the purchase contract, also known as a purchase and sale agreement. It stipulates the agreement between the parties, and prepares the transaction for closing.
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Raising the money for a down payment on a home could be the most challenging step towards homeownership. One way to get the amount you need is to borrow against your 401(k)--although there are numerous options you can consider depending on what’s wise for you at the moment.But first, what’s ...
There’s not an ounce of doubt that today’s home buyers know how to prepare for the house hunting process—especially in a market where competition is tight. Very seldom will you find a home buyer who isn’t pre-approved, and most savvy buyers are sure to have everything else sorted out ...
Before landing your dream home, the first order of business would be the initial process of finding it. Buyers should expect a lot of tours before finding “the one”--but although sellers are often the ones who have to “impress,” buyers should not be too lax about their behavior. If competition ...
Congratulations, you just purchased a new house and are now ready to move. The hassle of the home buying process is over, but the settling-in process is not quite done yet. While the hassle of moving your things can sometimes be unnoticeable because of all the excitement, it wouldn’t hurt to ...
The VA Loan is a powerful mortgage option that has helped more than 22 million veterans, active duty military members and their families, purchase homes and achieve their American dream of homeownership. The program was created in 1944 and is guaranteed by the U.S. Department of Veterans ...
Want to know what lenders look at when they evaluate your loan application? It’s a combination of things.Banks evaluate your attitude towards debt, predict your future income based on past and current employment, and measure your seriousness to purchase a home by asking how much down payment ...
The prospect of losing your home to foreclosure can be heartbreaking, and dealing with it can be equally devastating for you and your family. After all, when the bank decides to foreclose on your home, your credit report may be permanently stained -- leaving your financial future scarily ...
In the 2018 Home Staging Resource Survey of over 4,200 homes, 85% of the staged homes sold for 6-25% more than the unstaged homes. It’s proof that even if sellers might think it can cost them so much time, money, and effort to do home staging, it usually pays off in the end as it can give them ...
What drives up my home insurance costs? Why is my insurance premiums so high? If you’re a new homeowner, this must be one of the many questions that have crossed your mind since you embarked on this new journey. Well, the location, construction, condition, and certain features of your home all ...
Congratulations, you’re about to purchase your first home! We’re guessing you’ve already gone through the mortgage pre-approval phase, and now it’s time to do the exciting part: house hunting! While you can shop with confidence because of the pre-approval letter provided by your lender, you ...
Another complicated thing about selling a home is the issue of what you and your real estate agent need to disclose. You really want to sell your house and at the best possible price. But on the other hand, you don’t want to be a sneaky seller and feel like you are deceiving anyone. It can be ...
When is the right time to buy your first home? It’s a common thing to be pressured by family and peers in considering the right age to buy your own property. Some people are eager and ready enough to fulfill this American dream early while in their 20s. But others may want to take their ...
As a renter, there’s nothing more valuable than maintaining a good relationship with your landlord or property manager. One way you can keep a positive connection is by being honest and upfront right from the start. However, one surefire way to form a negative relationship is to lie or hide ...
Like moths attracted to flames, potential buyers can get riveted to a home with an excellent curb appeal. Buyers who will be drawn to your home’s appearance will definitely want to discover more of what lies behind your front door. Fortunately, maximizing your home’s curb appeal doesn’t ...
Tempting as it may seem, jacking up the listing price of your home to leave room for negotiations is a dangerous risk that a lot of sellers regret taking.If you are really serious about selling your home, it is best to take pricing seriously by listing your home at its fair market value. ...
When looking for homes online, home buyers might chance upon a property with a “contingent offer” status. This means that an offer has been made and accepted, but the sale is still conditional while both parties work on meeting certain criteria.These criteria, or contingencies, are actions ...
Buyer’s remorse (the feeling of regret after making a huge purchase) is a common sentiment that a lot of people understand and sympathize with, given that the average person makes huge purchases more often than he/she gets to sell anything of substantial value.This is why the seller ...