Over-improving your Home: doing too much of a good thing

Homeowners doing major renovations this summer may not want to hear it, but there's actually such a thing as doing too much. Spending too much. Adding too much. Bankrate's Dana Dratch says over-improving means you may be bringing a curse upon yourself: sinking so much into upgrades, renovations or additions that you've burned nearly all …

Does it make sense to waive a Home Inspection to strengthen an offer?

Okay. It may sound bureaucratic and boring. But there are a number of precautionary contractual conditions for any purchase agreement recommended by the Realtor community that protects homebuyers from liability as well as poor decision-making. And no matter how competitive the bidding for a home, they'll advise you to include them. One of them is …

Knowing the difference between a buyer’s and seller’s market is a good idea

shopping for a house

There is one verse missing from the famous and well-worn song Turn, Turn, Turn written by the Byrds back in 1962. The one that should be added is “there is a time to buy, a time to sell…” Realtor’s Terri Williams likens it to a card game (which was also a song) about knowing “when to hold ‘em …

As-Is; What does it really mean in a Real Estate transaction?

When Billy Joel wrote the song Just the Way You Are, it wasn't about buying a house. It would be too unromantic to say, "I'll take you as is." But that's what many sellers are stipulating when they list their homes. Those few words can have a significant impact on your transaction if you are the …

Take the emotion out of buying a home using good business sense

There is a good deal of emotion wrapped up in buying a home. Determining where we will spend the most intimate as well as memorable moments of our lives is no small decision. And it is no doubt one of the biggest investments most of us will ever make. Removing emotion is no easy task. …

If you can afford to Rent, Then you can afford to Buy!

If You Can Afford to Rent...Then You Can Probably Afford to Own. Interest rates are near historic lows. Purchasing power has increased, and the cost of renting in many areas is now greater than the cost to buy. Some say mortgage loans are impossible to obtain without perfect credit and 20% down. Want the truth? Read …

Is your Mortgage Rate over 4.00%?

Refinancing your mortgage means replacing your current mortgage with a new loan. The most common reasons why owners refinance are to lower their interest rates and lower their monthly payments. However, homeowners may refinance for a variety of reasons, such as wanting to change the terms of the loan, using their home’s equity to make …

10 Tips for First Time Homebuyers

10 Tips for First-Time Homebuyers Are you a renter with a secure source of income? Is your credit history good? Do you plan to stay in the same area for at least the next four years? If you answered yes to those questions, welcome to the housing market. It might be time to stop thinking …

Is your mortgage rate over 4.00%?

It's not just about interest rate anymore, it's about cashflow!  Creating wealth by increasing your monthly cash-flow.  Reasons to Refinance: If you can answer yes to any of these questions, then Refinancing might be right for you. Paying PMI (private mortgage insurance) Have an Adjustable Rate Mortgage Credit Card Balances over $10,000 Need cash for renovations …

The Home Buying Deal Killers

Buying a home is very exciting. However, nothing can be a bigger disappointment than finding out that your loan is denied before you are about to close your transaction! You’re a week away from having the keys to your new home and your loan officer calls to let you know that your loan was denied …