In real estate slang, a ‘fixer upper’ house is one that, although it can be inhabited as it is, it does need to have various features fixed. It may also require maintenance work, such as redesign, redecoration or even partial reconstruction. It’s usually quite a dream for … [Read more...]
What Everybody Ought to Know About Metal Building Homes
The Rise of Metal Building Homes For the longest period, humanity’s preferred choices when it came to building houses were wood, bricks, soil, glass and steel later on, and more recently, metal. Actually, more recently refers solely to residential buildings, as human kind … [Read more...]
What Is a Home Inspection and Do You Need One?
As a prospective home buyer, the answer to this question should definitely be ‘yes’. The reason is that you must try to minimize any surprises the house you are about to purchase might have in store for you. Mold, loose floor boards, ants, and so on need to be discovered and … [Read more...]
Buying a House – Closing Costs 101
If there is something every house buyer is interested in, then those are the closing costs. Evidently, every house-buyer wants to know as much as he can about the property, the sellers, the lenders, if they’re going for a loan, but the ultimate question is definitely – how … [Read more...]
3 Tips for Picking the Right Mortgage Broker
What would you choose: working with a mortgage broker, or a mortgage lender? In both scenarios, you’ll be working with a person (a “mortgage banker” or “loan officer” if you opt for working directly with the bank). And, as Mark Greene expertly writes for Forbes, you’ll be … [Read more...]
What Is a Short Sale in Real Estate?
If you’re asking yourself “what is short sale in real estate”, we can only hope you’re considering it from a buyer’s perspective. For a seller, the short sale definition basically describes a scenario that’s only one step above a foreclosure. We’ve covered the answer to … [Read more...]
The Best Time to Buy a House, Finally Revealed by Science!
When is the best time to buy a house? Research has a simple answer to that question: Monday, October 8. The next Monday with this date, as Business Insider points out, will fall in 2018, so you still have plenty of time to save up money. According to RealtyTrac and the 32 … [Read more...]
Does an Interest Only Mortgage Really Work for the First-Time Home Buyer?
An interest-only mortgage is a type of home loan with a term during which the borrower, or mortgagor, only has to pay a generally constant amount that goes toward covering the interest. The principal of the loan remains untouched throughout the duration of the term. However, … [Read more...]
The Quick Home Inspection Checklist + Cost Estimate
“How much does a home inspection cost?” is one of the most frequently asked questions from prospective home buyers. The bad news is we can’t give you the exact cost of home inspection procedures in your area, since they vary based on the state of the property, the presence … [Read more...]
Buying a Foreclosed Home in 5 Fast-Paced Steps
You’ve likely arrived at this post on how to buy a foreclosed home because you’re a first-time buyer, interested in the lower end segment of the market. Don’t worry, you are in no way alone. Not only are most foreclosed home buyers first-timers, but there are still plenty of … [Read more...]