- Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the REALTOR® you chose is both highly skilled and a good fit with your personality.
- Remember, there’s no “right” time to buy, just as there’s no perfect time to sell<...
Below are five property tax questions you will want to ask when considering purchasing a home to make sure you find the right fit. Always discuss your own personal situation with a financial or tax professional.
- What is the assessed value of the property? Note that assessed value is generally less than market value. Ask to see a recent copy of the seller’s tax bill to help you determine this information
- How often are properties reassessed, and when was the last reassessment done? In gene...
The Federal Trade Commission, the nation’s consumer protection agency, has free information for you to protect your interests.
In high-priced housing markets, it can be difficult to afford a home. That’s why a growing number of home buyers are forgoing traditional fixed-rate mortgages and standard adjustable-rate mortgages and instead opting for a specialty mortgage that lets them “stretch” their income so they can qualify for a larger loan.
But before you choose one of these mortgages, make sure you understand the risks and how they work.
Specialty mortgages often begin with a low introductory interest rate or payment plan — a “teaser”— but the monthly mortgage payments are likely to in...
The subject of appraisals has been in the news recently. Here is information for you to help clarify the topic.
- Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ.
- For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
- Appraised value is not a...
It is a great time to purchase a first home home! If you are considering buying a new home, use this short checklist for your reference to make sure you end up with the property that you really want.
- Find the right agent who’s willing to help you through the home buying process ~ no matter how long this process takes.
- Ask your lender a variety of questions so you don’t end up missing out on the best deal.
- Carpe Diem – When you make your decision to buy a home do not delay before someone else buys the house.
- Make sur...
The following is reprinted with permission of the NATIONAL ASSOCIATION OF REALTORS®
It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you:
Seller’s representative (also known as a listing agent or seller’s agent)
A seller’s agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract.
Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are five reasons why it pays to work with a REALTOR®.
1. You’ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowle...
The following submission was created by Mike Collins at ICC Restoration & Cleaning Services, a resource listed for you in our business directory.
Water damage is a leading cause of property damage. Between 2007 and 2009, water caused approximately $9.1 billion in annual homeowner policy property losses. In fact, according to the American Insurance Association, water damage claims are the leading claim of homeowners insurance (www.leakdefensesystem.com/Water...
Home ownership is a significant investment for most. It is very important to obtain sound and professional advice in any real estate transaction. Below is a list of questions to help guide you in chosing your own real estate professional.
1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate — like many other professions — is mostly learned on the job.
2. How many homes did ...