Buying a home is often the biggest single purchase you’ll ever make. But it isn’t just choosing a home to buy that’s complicated. You’ve got to think through neighborhood issues, size issues, and cost issues. Buying a home can also include legal issues, construction or building concerns, and have serious tax implications. Financing your home purchase is another big topic of interest for most home buyers. From this topic page, you’ll be able to find articles and videos that help you understand how to balance what you want in a home with what you can afford to spend. You’ll also be able to refine your search about buying a home by using the topic cloud on the right navigation.
Home Buyer’s Offer For Seller’s Home: Reasonable?
By Ilyce Glink| 2007-04-09T00:00:00-05:00 April 9th, 2007|
What constitutes a reasonable offer on a new home? Ilyce explains that it depends how well the house is priced, but a buyer who puts in a bid considered to be 5-10 percent below the list price would be giving a reasonable offer. But if the home seller priced the home to high, a buyer's reasonable offer may seem like a "low ball" offer.
Home Warranty On Existing Home
By Ilyce Glink| 2007-04-08T00:00:00-05:00 April 8th, 2007|
There are two kinds of home warranties available in the market. One warranty is given to a buyer of a newly construction home and one is given to buyers of existing homes. A home buyer purchased an existing home that was supposed to come with a warranty but found out it didn't and wonders if there is any recourse.
Home Buyer Needs Attorney To Protect Real Estate Purchase
By Ilyce Glink| 2007-04-02T00:00:00-05:00 April 2nd, 2007|
Having an attorney is one of the best ways for a home buyer to protect himself when purchasing real estate - especially if he is buying from a real estate agent or mortgage lender. The attorney can protect the home buyer from being cheated when purchasing real estate from someone who has a background in real estate. A home buyer should always hire an attorney, appraiser or someone with a background in real estate to make sure the make a sound purchase and investment.
Co-Buyer Wants Off Title
By Ilyce Glink| 2007-03-29T00:00:00-05:00 March 29th, 2007|
He helped a friend buy a home by agreeing to be the "co-buyer," but now that the friend can't make the payments he wants off the title. He is not the "co-buyer," he is the owner and his credit score depends on the payment of this mortgage.
Buying Most Expensive Home On Block
By Ilyce Glink| 2007-03-19T00:00:00-05:00 March 19th, 2007|
Everyone knows they shouldn't buy the most expensive home on the block but what if it is new construction? Most buyers want a new construction home and the competition upon selling it will be homes even newer than the home you want to purchase now. It's tough to tell how homes will appreciate in a new construction neighborhood.
Buy Tear Down Or New Home?
By Ilyce Glink| 2007-03-13T00:00:00-05:00 March 13th, 2007|
A home buyer is purchasing a home in a neighborhood that is experiencing a common transition - many of the older homes are being torn down and new larger homes are being built. While no one really knows how long it will take for a neighborhood to complete a turnaround, it's good to have the time to wait it out. Many neighborhoods around the country are transitioning from smaller homes to larger ones.
Deveoper Charges Lender Change Fee
By GlinkAndTamkin| 2007-03-01T00:00:00-06:00 March 1st, 2007|
A buyer put a deposit on a lot in order to build a new home. Now the developer would like an additional deposit and is including a lender change fee in the contract. Here's why developers charge you for changing lenders and give tips to the reader for completing the deal.
It’s A Good Time To Be A Buyer — If You Make Good Choices
By Ilyce Glink| 2007-02-26T00:00:00-06:00 February 26th, 2007|
It's the first buyer's market in a decade, but it's still possible for homebuyers to make mistakes. You can truly be a buyer in the strongest buyers' market in a decade and wind up with a lousy home that was overpriced. How does a buyer avoid making a bad mistake when the market is in your favor? It requires a little planning.
Check Crime Statistics Before Buying Home
By Ilyce Glink| 2007-02-18T00:00:00-06:00 February 18th, 2007|
Check the crime statistics of your new neighborhood before moving into a home. Talk to the local police officers, shop owners and aldermen or city council members. But nothing beats your own research. Walk or drive around and check out how things look.
Buying Home With Friend Leads To Problems
By GlinkAndTamkin| 2007-02-15T00:00:00-06:00 February 15th, 2007|
A homeowner had a friend buy half her home for a short period of time. The friend now wants the equity the home earned during the time she was an owner. Even though this deal had no documentation, the friend is owed the equity on her short-term investment. A sound contract up front would have made it clear if the friend was owed equity after selling the house back.