Have real estate questions? Here, you’ll find helpful articles and other resources that cover issues related to real estate, buying, selling, financing, refinancing, credit and debt, insurance, second homes, vacation homes, real estate investment, new construction, and renovation.
Use Caution When Offering Seller Financing
A seller received an offer on a building for sale, but the buyer has asked for seller financing. There are several risks involved in a seller-financed deal because the buyer might not be able to get a loan from a traditional lender. A real estate attorney is essential to ensuring a seller-financed deal goes through safely.
Selecting An Adjustable Rate Mortgage
A 10-year ARM typically carries an interest rate that is fixed for the first 10 years. Compared with a 30-year mortgage, a 10-year ARM's interest rate will be slightly lower. These days the difference in the interest rate between the two loan types is very small.
How To Finance Home Repairs
A homeowner is having repairs made to her home costing a large amount of money and considering using the equity in her home instead of cash. The cash can be used to make the repairs and an equity loan or line of credit can be open for emergencies. It makes more sense to use cash earning little interest than to take out a home equity loan at a much higher percentage.
Dealing With Bad Homebuyer Behavior
Five years after the "as is" sale of her home, a seller is being asked by the buyer to pay for a new septic system. This bad buyer may sue the seller, but the suit won't likely win in court. In many states, the statute of limitations would have already expired and the buyer could not sue the seller for damages.
Ilyce Glink on WSB Radio – June 4, 2006
In her June 4 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
Home Inspection When You’re Selling Your Home
When you're selling your home you may have a prelisting home inspection. Can you get in trouble if your home differs from what your local government has on record? If your home has work on it without the appropriate building permits you need to get that resolved prior to selling.
If You Want To Sell Faster, Fix What’s Broke!
In the current real estate market, a home may not sell for months. One home seller managed to sell her home at the first open house. She gives you tips on getting your house in "blue ribbon" condition and selling it fast.
Mortgage Lenders And Refinancing: Finding The Best Deal
There are several ways to find mortgage lenders who can give you the best deal on refinancing your home. The easiest thing to do is go online and search for mortgage lenders and what kind deals they are offering for refinancing. After you've narrowed your search to about 2 or 3 mortgage lenders you must do background checks and even visit their offices in person before making your final choice and refinancing your home.
Transferring Deeds On Inherited Property
To divide multiple properties acquired through inheritance, the owners will have to have new deeds drafter. Each partywill have to sign each new deed, but the "grantee" on the deed will become the official new owner. Don't forget to hire an attorney to help you in drafting the deeds and in making sure that they get recorded with any additional documentation that is required of you.