A home buyer bought a home from a builder she hadn't heard of and found many problems. The builder is now avoiding the buyer's calls to request repairs. The warranty has now expired for the builder to repair problems, and the buyer wonders if she has any recourse.
A newly constructed home should be independently inspected at various points during the construction. The builder of the new construction should be aware of the home inspection and put it as a rider for both you and the builder to sign. Having a home inspection early will detect potential later problems in your new home.
Thanks to continuing low interest rates, the Mortgage Bankers Association of America (MBA) has newly revised its forecast for how much money home buyers and homeowners will borrow this year: A whopping $2.5 trillion.
When home prices rise in the real estate market you as a home buyer may be wondering if it is the right time to buy a home. Will home prices fall enough later on to make a home more affordable? When buying a home you should consider market inflation and interest rates.
How do you know if an interest-only loan is good for you? Interest-only loans generally work best for short-term circumstances to avoid getting into higher payments you cannot afford. Rates for interest-only loans can me lower or higher than a conventional fixed-rate or adjustable mortgage.
Owners believe a new construction home has a furnace that is too small. Having the furnace checked out by a heating contractor will help assess if it is an adequate size for the new construction home. A home inspection on this new construction home would have ensured any problems were found up front.
Do you want to build your dream house? Poor worksmanship can derail your plans, but a good home inspection can help you. Just because a new construction meets building codes doesn't mean the work is done to your standards. Have a home inspection done at several points in the building process.
