RECENT BLOG POSTS
When shopping for a new home, consider traffic patterns along with other factors.  A house with ample floor space can feel crowded if the arrangement is awkward.  Start the evaluation with the entries. Is there a convenient "service" entry, in addition to the formal entrance?Ideally, sleeping qua...
04/25/2008
The first and last thing to remember when buying a home is that verbal agreements do not hold water.  Until your purchase offer is signed by the seller (s), and their signed acceptance is presented to your agent and/or you, the seller can entertain and even accept another offer.Once you have a bi...
04/25/2008
Shopping for a new home?  Don't wait until you find your new dream home to list your present one.You will invest a lot of time finding a new home.  Then you may discover you are in a poor position to bargain.  You are a contingent buyer, since your offer depends on the sale of your present home.W...
04/25/2008
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What happens when you pay for a title search?  First the Title Company looks up county records for the property in question.  Records are kept for every transaction in which the title changes hands, and in which a lien is placed against a property.If the title has been searched before, the record...
01/08/2008
Normally, homebuyers receive a warranty regarding the status of the property.  However, an "AS-IS" sale means the seller promises nothing about the physical condition, possible problems to potential repars associated with the property.If the buyer discovers a problem after closing, it's too late ...
01/08/2008
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You're selling your home. You know it has a few drawbacks. Should you ignore them? Try to pretend they don't exist?Absolutely not. Turn faults into features. For example, your home may have a smaller-than-average kitchen. Instead of assuming this is a flaw, imagine how attractive a compact kitche...
12/19/2007
It's easy for novice homebuyers and sellers to make mistakes. That's why real estate professionals strongly recommend putting all offers in writing.An oral offer is not enforceable, so the seller has no reason to respond. Furthermore, it could disrupt the negotiating process to the seller's disad...
12/19/2007
In most cases you cannot borrow from a down payment on a home...unless you can borrow from yourself!If you have invested in a 401(K) plan, you can borrow for a down payment without drawing either penalties from the IRS or disapproval from the lender. The loan must be paid back in equal quarterly ...
12/19/2007
Contingencies abound in the settlement of real estate transactions. The following are a few of the conditions upon which closing may depend:-- The buyer's ability to obtain adequate financing.-- Appraisal at an agreed upon amount.-- Satisfactory termite inspection.-- Further inspection, during wh...
12/19/2007
You may discover one day when you open your mail that your lender has sold your mortgage to another financial institution. It's not that your lender doesn't want your business. Most mortgages today are eventually grouped together with others in a practice called packaging, and sold on the seconda...
12/19/2007
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