When the real estate market is booming and home prices are high, you may be wondering whether it's a good time to buy a home. Are homes including condominiums overpriced in a real estate market bubble? And what can you do to protect yourself when you're buying a home in a real estate market bubble?
Is a quit claim deed is the right answer for ensuring that beneficiaries avoid probate and that a home will ultimately go to your children? Quit-claim deeds often cause considerable problems for both the homeowner and the homeowners-to-be. A trust might be better for ensuring that inheritance avoids probate. Consult an estate planning attorney to learn about inheritance options.
Buyer closing costs can rack up in a hurry. Here's a detailed look at all of the closing costs you might have to pay when you buy a home.
We updated this article June 2009, take a look at the updated closing costs for buyers.
