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Buying a House

Three Escrows Of Real Estate

By | February 6th, 2005|

In real estate jargon, "escrow" is a confusing word. There are three separate and distinct uses for the word "escrow" in real estate and to those unfamiliar with the intricacies of real estate language, they can be fairly difficult to understand.

Most Buyers Must Compromise On Their Dream Home

By | February 2nd, 2005|

Unless you have unlimited funds in your home buying war chest, you will usually have to give up some things you want in order to get everything you need. You want to believe your housing dollars, however much you have, will buy the house of your dreams. Your dollars will buy more in a less expensive neighborhood and less in a more expensive neighborhood.

Synthetic Stucco Finish Affects Home Buying Decision

By | January 28th, 2005|

When you're buying a home you want to make sure that the home has as few problems as possible. If the home has a hard exterior coating it could be synthetic stucco, which is known for having water damage problems. How can you tell if a home is covered in synthetic stucco? Synthetic stucco feels quite different than conventional hard-coat stucco and it is also a more recent covering so knowing the age of the home may help. You can also knock on the door of the home you're interested in and find out whether it's covered in synthetic stucco, also known as EIFS.

Agreeing To Agree: Buying A Home Proves Stressful For Many Couples

By | January 24th, 2005|

Brokers say buying a home is often one of the most stressful things married couples do together. Buying a home together can put your marriage or friendship to the test. But brokers say there are ways to quell home-buying squabbles in your marriege without calling in a referee.

The Bottom Line For Home Buyers Is Still Buyer Beware

By | January 16th, 2005|

A buyer should do everything in his or her power to make sure that the property is sound and the deed valid. Why? Because at the end of the day, it's the buyer's money that's been plunked down on the bottom line.

Buying A Home: Getting The Most Out Of A Property Showing

By | January 14th, 2005|

When in the market to buy a home, be as objective as possible when going to a showing of the property. When you're looking to buy a home, you will want to react to the lovely artwork or perfectly awful carpet – but the idea is to react intellectually rather than emotionally when you're at a showing of the property. When buying a home, make sure everything you want in real estate property is there, and make sure to ask all the questions you want answered at the showing.

Buying A Home: Potential Home Buyers Should Create Wish And Reality Lists

By | January 14th, 2005|

Once you've decided to buy a home what do you do next? Potential home buyers should make two lists: A wish list and a reality list. With both lists in hand, potential home buyers should narrow down what they really want when buying a home and what they can do with out or add later.

Clarifying Pre-Approval Versus Pre-Qualification

By | January 14th, 2005|

A reader helps to clarify the issue of pre-approval letters versus pre-qualification. Ilyce continues to hear about sellers in some areas of the country who have been requiring buyers to submit copies of their credit reports and credit scores along with their offer to purchase.

Earnest Money Seals The Down Payment

By | January 10th, 2005|

Want to show the seller you're seriously interested in buying his or her home? Brokers say the best way to get that message across is to attach a large check - part of the earnest money - to your offer for purchase. Appropriately named, earnest money demonstrates the buyer's level of commitment to closing the deal and purchasing the home.

Buyers Should Keep Some Information To Themselves

By | January 7th, 2005|

When buying a home, it's best not to tell your real estate broker how much you are willing to pay for a home, especially if the agent represents the seller as well. That's because sometimes agents let proprietary information slip out and that can compromise your ability to negotiate the best deal. Many states have agency laws which state that agents working with buyers are buyer's agents and agents working with sellers are seller's agents.

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