October 15, 2012

Advice for Buyers (Part 2)

5. Making an Offer Once you find a house you want to make your home, your REALTOR® can help you develop an offer. In the offer, you should specify how much you’re willing to pay. State when the offer expires and suggest a closing date for the transaction. You can also propose some conditions on the offer. Some common types of conditions are: Getting a suitable mortgage (include the amount, interest rates and any other figures you feel important); Selling your current home (the seller may continue to look for a buyer, but will give you the right of first […]
October 8, 2012

Advice for Buyers (Part 1)

Finding the perfect home doesn’t happen in one day. It takes careful planning and lots of work. Fortunately, there are a number of things you can do to simplify the process. 1. Things to Consider Before Starting Your Search What Features Do You Need? Do you need an extra bathroom, a garage, a fenced backyard, or lower utility bills? Do you want a fireplace, a short drive to work, or maybe minimal yard work? Once your list is complete, decide what’s most important to you. What’s the Ideal Location? Where you live obviously affects your lifestyle; it’s also one of […]
October 1, 2012

Hire A Real Estate Agent With The Power To Succeed

Realtor.com says, on average nationwide, prices and sales  are blooming, inventories are wilting, and more and more markets reveal a  potential for growth not seen in years. “Things are picking up. All the prices are down and interest rates are really  low. It’s like Macy’s is having a sale,” said Martin Morales, Secretary-Treasurer of the Monterey County  (CA) Association of Realtors. No, you didn’t miss the bottom, but the potential for a buyers’ bum rush and forecasts for higher rates later this year could cause the  competition to heat up this spring. That’s your cue. Hire a real estate market […]
September 24, 2012

Traditional ‘Rules’ of Home Buying Return

Depending on the location, house hunters may find themselves in a  strange, transitional real estate market that’s emerging from historic  lows. Advantage: Buyer? Yes, in many areas, that’s still the case. But  buyers have guidelines for success in this type of market, too. They  need to show that they’re serious if they hope to secure their dream  house amid stiff deal-sniffing buyer competition or sellers so  frustrated they may be willing to hold out for a stronger market  turnaround. Professionalism and realistic expectations can go a long way  toward ensuring a smooth and timely closing transaction, which is  important to […]
September 17, 2012

How to Find a Real Estate Agent You can Trust

If you have been looking at homes online or thinking it is  time to sell your house, but don’t know to whom you can entrust this monumental  job, you are not alone. A home is probably the biggest investment of your money you will ever make,  and it also has an emotional tie to your life and your memories. Your agent must  be someone who is knowledgeable, proactive and connects with you and your wants  and needs.  The right person can make your upcoming real estate transaction  painless and very rewarding, but how do you find him? Here are a […]
September 10, 2012

Before You Buy Your First Home – Tips for a First-time Home Buyer

It’s not uncommon for a first-time home buyer to say to me, “Gosh, just last week I called you about buying a home and now I’m in about to move! How did this happen so fast?” The answer is it didn’t. First-time home buyers start the search long before most even realize it. Here’s what you can expect from your home shopping experience. You should buy a home. That’s what you’ve been hearing from friends and family, right? So, by now you have likely already weighed the benefits and decided that home ownership was the best decision for you. That’s […]
September 3, 2012

The Home Buying Process in a Nutshell

For First-time buyers, or those who haven’t purchased a home in a long time, the process of buying or selling a home can be a little daunting. Having a general understanding of what to expect can help. This is an outline of the typical home buying process. Emphasis on process — because it’s not an event , it’s a process that can take weeks to months, depending on a lot of variables. We also can emphasize typical, because the process can be different, depending on what type of purchase you have, like whether it’s a short sale or foreclosure, and […]
August 27, 2012

Buying Real Estate: The Tips And Tricks Of The Trade

Purchasing a property can be a scary prospect, especially if you have never dabbled in the real estate market before. However, it can also be the best investment you make and also has the added bonus of improving the quality of your life. This article will help both real estate newbies and veterans improve their knowledge of the real estate market. Even if you are buying your home only for yourself, you should have someone go with you to look at the house, preferably someone with home buying experience. An experienced home buyer might notice problems with a house that […]
August 20, 2012

How Much Home Can You Afford?

Making an Informed Investment If you’re in the market for a new home, take a moment to ask yourself a few key questions about what you should be looking for, how much you can comfortably afford to spend, and whether homeownership is right for you. How much home can you afford? Before you begin shopping for a home, prepare a simple budget, so you can figure out where most of your money is going on a monthly basis. If you aren’t sure how much you’re spending each month, use CMHC’s Household Budget Calculator to take a realistic look at your […]
April 30, 2012

How To Increase Your Credit Score

Increasing your credit score when considering the purchase of a home and obtaining a mortgage is important to have a high credit score.  But more importantly you should have good overall credit. Starting with the basics, what is a credit score and credit report? When applying for credit, companies consult one of two central reporting agencies – Equifax or TransUnion. Equifax, the larger of the two, is most commonly used.  Whenever a lending company extends credit they report to either Equifax or TransUnion or both, on your credit limit, credit used, and status of repayment. A person’s total score and […]