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.
Can IRA Withdrawal Be Used To Buy Home?
By Ilyce Glink| 2007-11-13T00:00:00-06:00 November 13th, 2007|
An IRA is a retirement account that typically allow people to put money in and receive a tax benefit on their federal income taxes for their contributions. At age 59 1/2, you can withdraw money from your IRA but must pay income taxes on it. In some cases, you can withdraw money from your IRA to buy a home.
Buying Tax Sale Properties
By GlinkAndTamkin| 2007-11-01T00:00:00-05:00 November 1st, 2007|
The process of obtaining title to a piece of property is very much a question of local action and laws. In essence, most local governments want to make sure they get their real estate taxes paid. When a homeowner fails to pay these taxes, the local governmental body can sell off the property to satisfy the amount due. Tax sale properties are sold by local governments so they can receive property tax due to them.
106 Mortgage Secrets All Borrowers Must Learn – But Lenders Don’t Tell
By Staff| 2007-10-26T00:00:00-05:00 October 26th, 2007|
Each year, more than ten million American homebuyers, homeowners, and realty investors enter the mortgage arena to finance or refinance their homes an...
Custom Home Builder Purchase Contract
By GlinkAndTamkin| 2007-10-20T00:00:00-05:00 October 20th, 2007|
Custom home builders all use different contracts which govern the terms of the deal. Your builder might come back to you after closing and claim that more bills came in and you owe him more money. You need to look at your contract and determine if these extra expenses fall under the contract. If it was an honest mistake, you may want to pay the bill anyway in exchange for an extended warranty or some other concession.
Contract Terms For Buying A Home
By Ilyce Glink| 2007-10-18T00:00:00-05:00 October 18th, 2007|
Buying a home is a complicated process. Be sure to completely understand the contract and hire a reputable real estate attorney.
Rent To Own Homes
By Ilyce Glink| 2007-10-12T00:00:00-05:00 October 12th, 2007|
How can you sell a property if you only own part of it? You have to be clear about how your home ownership is structured. If you want to sell a property that you co-own, your co-owner must agree to sell the property.
Agent Required To Disclose Plans To Demolish Home?
By Ilyce Glink| 2007-10-10T00:00:00-05:00 October 10th, 2007|
A home buyer wonders if the listing agent had any duty to disclose that the expansion of a nearby highway will mean his house will be demolished.
New Home Construction Questions
By Ilyce Glink| 2007-10-03T00:00:00-05:00 October 3rd, 2007|
New construction presents different issues for a home buyer. Negotiating a new construction contract should not be taken lightly. There are certain questions that every buyer needs to ask. What should be included in the contract? Should I build or buy a model home? A buyer should hire a good real estate attorney and do lots of research before closing on the purchase.
Home Buyer Loses Earnest Money When Closing Fails
By Ilyce Glink| 2007-09-05T00:00:00-05:00 September 5th, 2007|
When financing falls through for a mortgage, the seller wants to keep the buyer's earnest money. The buyer withdrew from the home buying contract but now the seller's attorney says the buyer can't get her earnest money back. Keeping the earnest money will compensate the seller for taking the property off the market while the financing was pending.
Buying Property With Easement
By GlinkAndTamkin| 2007-08-27T00:00:00-05:00 August 27th, 2007|
If you are the beneficiary of an easement and you buy that property, the easement is no longer needed and merges into the newly formed property. The easement does not become a "giant easement." The easement is eliminated.