Buying

Information that would be useful or intreresting for those buying real estate.

Found 78 blog entries about Buying.

Buying real estate involves more than just finding an available house or plot of land. Most buyers simply find what they want, make an offer, and go from there. But it’s wise to do a land survey first before buying a plot of land with or without a house on it. The land survey will reveal important things about the property you need to know.

The Importance of a Land Survey

A land survey tells you exactly what you’re getting. The surveyor will measure property boundaries to make sure they’re correct. Otherwise, you could actually get less than what you’re expecting. The surveyor can also determine if nearby driveways, sidewalks, fences, or other structures are on the property.

The survey is also important because someone might have a building or

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Before a buyer chooses a home, there are certain conditions that they should be aware of. Most real estate agents can guide a buyer to a better selection, but if the buyer wants to look for their own home, they should read about the statistics within the neighborhood before moving into a home. Since a buyer is looking to purchase a home, there are additional facts to consider. Some of those facts are:

  • deteriorating houses in the neighborhood
  •  no street lights
  •  no caution lights
  •  no traffic lights
  •  drugs in the neighborhood
  •  no friendly neighbors
  •  increased crime rates
  •  people speeding through the neighborhood
  •   poor lawn service
  •   loud noises

A buyer can usually find statistics about a neighborhood in the local

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There are a lot more options to buying a home than you might think. Prospective buyers will narrow in on amenities and square footage based on the budget at their disposal, but there are plenty of other factors to consider. It can be a truly intimidating task, especially considering the financial investment involved.

That is why we’ve created this guide to help you navigate the pros and cons of two of the most common options for buying a home: building a custom home and buying pre-owned. While the better option will depend on your situation, this guide should help you determine which route will best suit your needs.

Building a Custom House

 

Pros:

The biggest perk of building a custom house is being in control of every detail. You can add

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Taking out a mortgage is one of the biggest expenses most people will make in their lifetime. Even though it is a huge financial responsibility, almost half of new home buyers don't put in the necessary time to compare different lenders to find the best rate.

These days, there are more options to consider than traditional credit unions, banks and mortgage brokers. Many home buyers are turning to the internet to find mortgage lenders. It can be intimidating to think about taking out a huge mortgage from an online lender. Below are some of the pros and cons of using an online mortgage company to take into consideration.

Pros Of Using An Online Mortgage Company

1. Lower Interest Rates Available

One of the main advantages of an online mortgage

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The housing market is doing well at the moment, but lenders still consider a 20-percent down payment as optimal for most would-be home buyers. That said, fewer and fewer Americans have instant access to potentially hundreds of thousands of dollars in liquidity.

In fact, most homeowners have their net worth wrapped predominately in the home itself, which creates something of a quandary for those looking to buy their first home or invest in their dream home.

You might be wondering - How are first-time homeowners able to come up with enough money for a down payment while having money left over for renovations and mortgage payments? There are also property taxes to factor in. Bearing that in mind, there are a lot of ways to come up with more money for

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In today's cut-throat and volatile real estate environment, sellers often find themselves struggling to attract suitable buyers for their properties. We live in a world where the housing market is brought to us at our fingertips, and platforms such as Zillow, Trulia, and Redfin are virtual online shopping catalogs for houses.

In order to attract buyers and sell successfully, one needs to understand and adapt to the fast-changing technology. Although other factors are important, the key to attracting buyers in today's world is making a strong first-time impression.

A strong impression can be efficiently achieved by providing as much visual detail as possible in a given property listing. If your goal is to attract quality buyers and truly showcase the

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A housing bubble, or real estate bubble, is an unsustainable increase in housing prices powered by speculation, heightened demand, and "irrational exuberance."

A housing bubble, like other kinds of economic bubbles, often occurs in the context of predatory lending, poorly thought out mortgages, and lowered interest rates with the Federal Reserve. This very constellation of factors came together to fuel the 2008 Subprime mortgage; subprime mortgages were named such because they were mortgages of lower quality.

What's worse, these subprime mortgages were secured by the big banks leading up to the 2008 housing market collapse. The fact that what otherwise would have been decentralized assets - housing markets are traditionally thought to be

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Metal shipping containers are definitely a popular trend in the tiny house movement. At first glance, a shipping container might seem like the perfect solution for small space living. They are affordable to purchase and are seemingly the complete package with exterior walls, a floor, and a roof. So, what could possibly be the downside? There are a few reasons metal shipping containers are not really as practical as they promise to be. Let’s explore 5 of the disadvantages so that you are properly prepared for this journey.

Transport and Delivery

Shipping containers are quite heavy. Weights can range from 2 to 4 tons. Once you purchase a container you then have to figure out how to get it delivered to your land. You will need to hire a hauling company

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Dealing with demanding home buyers or sellers can be a daunting task. Below are a few tips to guide you when dealing with difficult buyers or sellers.

Listen

Listening is a sign of respect and professionalism. You will know about the concerns of the seller or buyer and whether they are legitimate. Don't interrupt them when talking to avoid a misunderstanding even when you know where they are aiming. This way, you will be showing them that you care. Encourage them to be open and transparent for clarity. Additionally, you ought to ask questions and support their statements. As an agent, you have to be straightforward when communicating whether it is a text or verbally. You should use a professional language when dealing with first-time clients because

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Buying your first home is exhilarating. It's also the biggest investment you'll likely ever make, and probably the biggest one you've made so far. It's easy, whether from excitement or lack of knowledge, to make mistakes that you regret down the road.

Here are 4 common mistakes that you can avoid making:

1. Go to only one lender

Particularly if you've heard that each inquiry affects your credit score, you may be tempted to go to just one lender and hope for the best. Putting all your eggs in one basket like this is a bad idea. Ideally, you should talk to at least one national bank, one local bank or credit union, and an online lender. If you're concerned about your credit score taking a hit from the inquiries, consider hiring a broker instead -

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