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.
Emotional Quotient Important When Buying A House
By Ilyce Glink| 2004-09-03T00:00:00-05:00 September 3rd, 2004|
Buying a home before you're ready almost always leads to buyer's remorse. Home buyers tend to try to fit both wants and needs into a single property. Here are ways to avoid five common emotional mistakes that come with buying a home.
Building A Home On Purchased Land
By GlinkAndTamkin| 2022-09-18T10:53:23-05:00 August 20th, 2004|
Building your own home is something you can always look back on as a major life accomplishment. However, before you build your house, it's good to understand the legal issues associated with building a home. You can build a home on land that you won and you don't need additional documentation to verify your ownership of the home.
How To Buy The Right House for You
By Ilyce Glink| 2004-08-20T00:00:00-05:00 August 20th, 2004|
House-hunting is difficult if you focus in on the wrong things when buying a house. Top agents will often recommend home buyers create a wish list of everything they want in a property, and then a list of items you can't live without. When you schedule a first showing, pull out your "must haves" list. You're looking to buy a home that meets your basic needs.
Suing Seller May Be Only Recouse
By GlinkAndTamkin| 2004-08-20T00:00:00-05:00 August 20th, 2004|
Suing the seller may be the only option for a home buyer that feels they were misled prior to purchase. If a developer made claims about the property that have turned out to be true, the buyer may have cause for misrepresentation. However, since the contract states the deposit was non-refundable, the buyers will have to sue. The dispute is between the buyer and the seller, and the credit card company can not get your money back for you.
Avoid Scams When Buying Property
By GlinkAndTamkin| 2004-08-13T00:00:00-05:00 August 13th, 2004|
Watch out for this real estate scam. The scam artist sells somebody else's property, collects the money, and then skips town. Here are some tips on how to avoid getting scammed when you buy property.
Down Payment Cash Comes From Chicago Employers
By Ilyce Glink| 2004-08-05T00:00:00-05:00 August 5th, 2004|
Some Chicago area employers give their employees cash for a down payment as an employee benefit. Learn which employers give employees cash for a home down payment and how they can take advantage of tax credits when they provide down payment assistance. Getting cash for a down payment from an employer can make home buying easier.
Buyer Worried Deal Will Fold
By GlinkAndTamkin| 2004-07-30T00:00:00-05:00 July 30th, 2004|
A buyer signs a contract to purchase a commercial property and is worried he will be held responsible if it goes under. If he is on the contract, the seller can pursue him as the contract permits. Depending on why the deal is going under, the seller may be able to go after any one of the buyers.
Home Buying: Complete Final Walk-Through Before Closing
By Ilyce Glink| 2004-07-30T00:00:00-05:00 July 30th, 2004|
Completing the final walk-through is extremely important when buying a home. The final walk-through is where you make sure everything stated in the purchase agreement is accounted for. If you find problems during the final walk-through, you can hold off on closing until the seller meets the terms of the agreement.
Buying A House – How To Avoid Getting Dizzy
By Ilyce Glink| 2004-07-23T00:00:00-05:00 July 23rd, 2004|
Buying a house can lead to information overload. After seeing ten or more house showings in a day, how do buyers remember what they've seen? Here are a few suggestions for buyers to keep organized during house-hunting madness.
Buying Property With Relatives — Beware!
By Ilyce Glink| 2004-07-16T00:00:00-05:00 July 16th, 2004|
This homeowner bought property with a relative, and her sister stopped paying her fair share of the property taxes on a jointly-owned vacation home. If the two jointly own the property, they are both jointly responsible for the expenses associated with the property, including property taxes. If one sibling can't pay the costs of the home on their own, it might be time to sell this jointly-owned property.