When you're buying a home, the seller is usually responsible for making repairs before closing. But when you're buying a foreclosure, the responsibility for fixing the home does not usually lie with the mortgage lender who's selling it. When you're trying to decide whether to buy a foreclosure you should think about how extensive the repairs will be and whether it's worth it to you to roll the cost of them into the mortgage loan.
When you're buying a home, a home inspector will go over the property with you to point out any issues that may require home repair. It's a good idea to walk around with the home inspector during a home inspection because he may make comments that won't appear on the final report. After you know the home inspection issues you'll need to decide who should fix them and whether you want to go through with the home purchase, if the problems are significant.
What can you do if you're selling a home and the buyer moves in before closing, on the advice of the real estate agent? At a minimum, you can file a complaint against the real estate agent with the licensing board and the managing broker of the real estate firm. You should also look at the home sale contract and whether it discusses when the buyer can move in.
When you are selling your home without the help of an agent, there are a lot of Internet resources and websites you can use. How do you know which one is right for you? Our experienced FSBO sellers said they used a simple Google search to see what was out there, but they made their choice by evaluating the FSBO websites from the perspective of a buyer. They also said that most FSBO websites cost about the same amount, but if you comparison shop you may be able to strike a great bargain. Watch this Expert Real Estate Tips video for more help on how to choose the best FSBO Internet resources.
How old is too old to be a first time home buyer? You can be 53 or 70 and still buy your first home - you just need to be aware of your changing responsibilities. When you own your own home you no longer have a landlord to call for help with maintenance. Regardless of your age, you should thoroughly research buying a home before taking that step.
$11,034,225,094,391.03 about 20 hours ago from web So tweeted the National Debt Twitter. Growing to over $11 trillion this week, and with too ma...
If you decide to buy a house and change your mind just before closing can you get out of your home purchase contract? It depends on the contract and the reason that you want to cancel your home purchase. You may or may not be able to get your earnest money or down payment money back when you cancel a home purchase contract. To understand what to do it's advisable to contact a real estate attorney who can review your contract.
If you lose a home to foreclosure, but only one spouse's name was on the mortgage loan that went bad, can you try to buy another home or property using the credit of the other spouse? While there's currently no law preventing you from using the other spouse's good credit, it's hard to know how mortgage lenders' guidelines will evolve. You can be sure that the spouse whose name was on the unpaid mortgage loan that led to foreclosure will not be able to successfully apply for a new mortgage loan.
When trying to sell your home without an agent, you should take advantage of all the resources available on the Internet. Try different sites like Craigslist, Zillow, and FSBO. One "For Sale By Owner Expert" recommends using many different sites, but linking all the sites back to one main source, so keep everything consistent. Watch this Expert Real Estate Tips video for more ideas on how to use Internet resources when selling your home without an agent.
The federal government launches a new Web site today: MakingHomeAffordable.gov The site is geared to two main groups: homeowners whose homes have los...
