home buyer tips: Five Powerful Buying Strategies - 10/16/09 01:37 PM
In today's crazy Long Island area real estate housing market, making rational decisions based on sound information is a must! In reality, emotions often take over, and sometimes, it's all you can do not to lose all conscientiousness when you think you have found that dream home. But if you'll follow … (0 comments)
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home buyer tips: Social Network for Homebuyers - 05/11/09 02:06 PM
A short time ago, we told you about how Twitter was being used to market homes for sale, and communicate with buyers and sellers. Now, a new social network has been created for the purpose of providing an on-line forum for networking, exchanging ideas and dialog concerning the many issues faced … (3 comments)
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home buyer tips: Home Inspections: The Different Types - 04/28/09 12:59 PM
Home inspections tend to confuse homebuyers, especially if buying a house is a first-time experience. Below are different types of home inspections you may encounter:
Primary Home Inspection
This is the most important thing to do when buying a house. It is unbelievable how many homebuyers overlook this when purchasing a … (1 comments)
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home buyer tips: Car Carrot Carrying Over to Homebuyers - 04/20/09 01:52 PM
Free granite countertops, swimming pools and landscaping aren't going to convince anyone who's afraid of losing a job to buy a home. But what about a promise to pay your mortgage if you get laid off?
It started in the auto industry when ads started popping up from dealers promising to … (1 comments)
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home buyer tips: Reasons to Buy Real Estate Before 2009 - 12/01/08 04:31 PM
You may be among the masses of people wondering if they should consider buying real estate now, or wait. There are some strong reasons to act now… namely significant changes in the FHA loan requirements that are scheduled to change in January of 2009.
Statitics show that nearly 80% of the … (3 comments)
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home buyer tips: How to Come Up With a Down Payment - 09/12/08 08:33 AM
Not long ago, no-down-payment loans were big for homebuyers. But now that lenders have tightened their standards, borrowers once again are expected to pony up some cash of their own for a down payment.
Many homebuyers have difficulty coming up with a down payment. Here are some ways to do it:
… (1 comments)
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home buyer tips: Mortgage Points: Why Pay For Them? - 08/11/08 11:31 AM
If you are in the market for a home or considering refinancing your current mortgage, you probably have heard your mortgage professional talking about points. They may advise you to buy points or they may advise you not to, depending on your situation. The question is, do you really understand points … (0 comments)
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home buyer tips: Free Credit Scores, Not Just a Credit Report - 07/14/08 09:48 AM
If you're thinking about buying a home or refinancing - even if you've got excellent credit - you may want to avail yourself of a forthcoming free service that could help you get a better mortgage rate.
Under the terms of a national class-action settlement, you may qualify for six or … (2 comments)
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home buyer tips: Jumbo Loans for Larger Home Loans - 07/07/08 01:13 PM
In some real estate markets, a house in the $400,000 range may be considered a starter home. So the million dollar question is, "Why is it that a home loan in the mid $400's is considered a Jumbo Mortgage Loan?"
While most of us see the term "jumbo" as relative, Fannie … (1 comments)
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home buyer tips: Is Anywhere Totally Safe from Disasters? - 07/07/08 01:08 PM
This is a question worth answering no matter where you live. People in some parts of the country are highly susceptible to hurricanes, while others face virtually no risk from them. Some live with the risk of earthquakes, others do not.
Recent flooding that swamped parts of the Midwest, including Indiana, … (1 comments)
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home buyer tips: What is Happening to Mortgage Brokers? - 05/29/08 11:53 AM
What a difference a burst bubble can make. Only two years ago, mortgage brokers originated more than two-thirds of new loans, according to Wholesale Access, a mortgage research firm. Now their share of the mortgage pie has dropped to 45%.
That's a shocking loss of market share when you consider that … (2 comments)
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home buyer tips: Home Loans Without the Big Down Payment - 05/25/08 03:48 PM
Many people give up on the dream of home ownership before they even get started because they just don’t believe they will ever be able to afford the down payment and closing costs.
A down payment can be as much as 20 percent or more of the purchase price of the … (2 comments)
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home buyer tips: Credit Score: Do Something Before It's Too Late - 05/12/08 11:58 AM
Making sure you have a good credit score is more important today than ever before. Not only is it crucial to helping you get the best interest rates possible when applying for any type of loan, it could mean the difference as to whether you can even find a job, if … (1 comments)
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home buyer tips: Home Inspections: What Types Are There? - 04/19/08 09:42 PM
Professional home inspectors examine existing homes using professional standards as a measure to accurately report their condition to parties involved in a real estate transaction.
There are many types of property inspections offered by home inspectors, depending on your needs. These include:
Pre-Listing Inspections
Pre-Purchase Inspections
New Construction Inspections
HUD/FHA Inspections … (3 comments)
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home buyer tips: Playing the Housing Slump - 03/26/08 10:34 AM
Financial lore says you should buy when there's blood in the street — which suggests real estate is a bargain, because there's blood all over the neighborhood right now.
Time to invest? Now could spell opportunity for this year's buyers. But what if you already own a home — and … (1 comments)
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home buyer tips: Finding the Right Real Estate Agent - 03/05/08 10:38 AM
When someone decides it is time to sell their home, they interview several Realtors from different companies to determine which one is best for them. They want someone who will represent them and someone they feel will do an effective job at marketing their home.
However, when someone decides to buy … (2 comments)
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home buyer tips: A Quick Home Inspection Checklist - 02/25/08 10:00 AM
With home prices dropping in many areas, home inspectors are finding more and more homes which are less maintained today than they were in the past. Home buyers are cautioned to keep this in mind when searching for a home, and use this quick home inspection list as a reference when … (2 comments)
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home buyer tips: Who Does Your Agent Work For? - 02/11/08 10:01 AM
Today, many states have enacted laws to help protect and educate buyers. Most real estate agents are required to disclose whom they work for. The disclosure may take place at your first face-to-face meeting, during a phone call, or by e-mail, but it should always be made before a real … (2 comments)
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home buyer tips: When is the Best Time to Buy Real Estate? - 02/11/08 09:55 AM
Buy when times are hard. Buy when blood is running in the streets. Buy after a flood, blizzard, riot. During such times, insurance firms and banks have properties they don't want. Owners are also desperate, as they suffer the anxieties of having to feed a white elephant.
Winter and summer … (0 comments)
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home buyer tips: No Time Like Now for Buying Long Island Real Estate - 01/22/08 11:57 AM
Despite what you've heard and read and despite what others are telling you, now is one of the best times in history to be in the market for a home, especially if you're interested in moving on up, or getting a more expensive home. The other two purchase scenarios offering the … (0 comments)
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