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Given the recent state of the economy and the rising rate of mortgage foreclosures, the number of properties available at rock bottom prices is at an all time high. While purchasing one of these homes may seem like a sound investment and a great way to get more house for your dollar, there are some issues to consider before purchasing a foreclosed property. Depending on your financial situation, your experience as a homeowner, and your access to information about the foreclosure market in your area, there are some risks involved. Finances Of Foreclosure The financial considerations of

Buying A Home Long Distance

Tuesday, 19 March 2013 by

The process of purchasing a home can be a complicated and stressful experience, but if you have to purchase a new home in another city the experience can become even more complicated. Whether you are relocating for a job, retiring to a dream location, or are just looking for a change, purchasing a home long distance has a whole separate to-do list on top of the already long list of things that need to be done to purchase a new home. Here are some tips to make purchasing a home long distance a little easier, and still get the home of your dreams! The Internet Is A Powerful Tool! The internet

If you are a first time homeowner, or are purchasing a home after a major life change such as marriage or having children, what should you consider to be sure your new home can grow with your changing family? The time and effort that go into purchasing and decorating a new home, not to mention finding it in the first place, means that you’ll want to ensure that your home will be right for you and your family for years to come. So what should you look for in your new home so that it will give you enjoyment and be functional both now and in the future? Size Though a cute two-bedroom home

There is a reason the term “location, location, location” is used so commonly within the real estate industry. The location of a property is one of the most important considerations when selecting a home, as it will affect the value of your home, your day-to-day life, and even your own and your family’s safety. So what can you do to find out a little about the area in which you are considering a home purchase, and what in particular should you be looking for? Know Your Needs The biggest obstacle to finding a home in an area that can meet all of your needs is not knowing clearly

Hiring A Home Inspector

Tuesday, 19 March 2013 by

You’ve gone to countless open houses, searched online for months, and have finally found the house of your dreams, but before signing your name on the dotted line there are a few key steps you should not overlook. When purchasing a home, hiring the right home inspector can be the most important decision you make. Knowing the condition of the house you are going to purchase cannot be left to appearances or promises, and some undetected problems can be even more costly than the price of the house itself. Making sure you have the services of a home inspector who knows what he or she is

How Much House Do You Need?

Tuesday, 19 March 2013 by

While it may be nice to have a home with five bedrooms, an eat-in kitchen, and a four-car garage, how many of us really need this much space? The best approach is to look at a few particular aspects of your life and lifestyle to make the right choice. What Is The Size Of Your Family And Will It Grow In The Near Future? If you are a newly married couple who plan on having children, purchasing a family home with ample room to grow may be the right choice for you. Childless couples, retired couples, or singles may want to rethink the large home and opt for something a little more size

How To Handle A Bidding War

Tuesday, 19 March 2013 by

So you have found the home of your dreams, it has all the features you want, and it is in the right neighborhood. Even the price is right, but suddenly you find yourself in a bidding war with one or more people who also think this is the perfect home. This can be a stressful and sometimes even heartbreaking experience, but what knowledge should you arm yourself with before entering a bidding war with other potential buyers? Here are a few important tips to remember in order to get the house of your dreams without breaking the budget. Know Your Budget Having a good idea of what you can afford

Often ads for homes on the market include the phrase “motivated seller,” and while this sounds as if it may be to your benefit as a home buyer, what does it actually mean? If a seller is truly motivated you can benefit from a number of potential perks they may be willing to throw in to get their home sold, or they may even be willing to accept a lower offer than the asking price. Here are a few tips on how to find motivated sellers, and how to get the best deal possible. Is The Seller Really Motivated? Believe it or not, all “motivated sellers” are not really motivated. The phrase

The appeal of income properties and the potential for what may seem like easy money and early retirement have likely crossed the mind of anyone who has heard of this business venture. There is a lot more to consider before entering the income property game, however, than simply purchasing a property and watching the dollars roll in. Here are a few things to consider before launching into your new career. Can You Recognize An Income Property When You See It? There are a lot of features that make a good income property. Whether you are considering flipping it for a profit or renting it out to

When the housing market is up and sales seem to favor sellers rather than buyers, negotiation contract contingencies may seem like a lost cause. But there are always cases where you as the buyer can effectively negotiate purchase protection into the contract of your home, and you may even be able to convince your seller to throw in a few perks. Here are some tips to negotiating contract contingencies from the seller. Common Contract Contingencies Knowing what contingencies are often included in home purchase contracts is the first step in getting what you want from the seller. There are a