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home buyer: Home Buyer Tip - "Be Prepared For Competition" - 09/07/09 10:48 AM
Not long ago, a prospective home buyer who had no property to sell and who was financially-qualified was in the driver's seat. They had numerous properties from which to choose and most sellers were highly motivated.
No longer. Now when a nice property comes on the market, especially if it is not a short sale or bank-owned, there are frequently multiple offers and it often sells above the asking price.
If you want to purchase a home, you need anticipate that other buyers may be interested in the same property that you are. So how can you compete?
First, you should … (2 comments)
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home buyer: "Your Home Should Be A Good Investment" - 08/08/09 06:35 PM
Everyone has their own idea of what they want in a home. You need to buy a place in which you and your family will be comfortable.
On the other hand, you probably won't be in the house or condo forever and, when the time comes to sell, it would be nice to learn you made a sound financial investment.
Here are some thoughts about purchasing a property that will likely appreciate in value over the years.
There are some really unique homes out there. Custom houses or tract houses that have been severely customized can be very dramatic and appealing. … (0 comments)
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home buyer: "Buying New Builder Construction" - 02/06/09 10:50 AM
So you want to buy a brand new home. Should you work with an agent or just walk into the builder's sales office and check out the model homes?
Builders are affected by this "buyer's market" just like other homeowners. So they are offering incentives to attract buyers.
One incentive is a commission to real estate agents who bring prospective buyers to the sales office. If an agent accompanies you on your first trip to visit the models, most builders will pay the agent and you can benefit from the agent's professional advice.
So, what can an agent do for you when you purchase … (1 comments)
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home buyer: "Take Advantage Of Low Mortgage Interest Rates" - 12/09/08 11:18 AM
If you are in the market for a home, boy is your timing great!
Right now there are tons of houses to choose from; prices are low; and many sellers are desperate to cut a deal.
But, perhaps even better for the prospective home buyer are the current interest rates.
Lenders are now offering 30-year fixed-rate mortgages at 5.1%. This is the lowest that interest rates have been since the 1960s!
And the Federal Government is trying to push rates even lower - perhaps as low as 4.5% -- in the next few months in an effort to nudge buyers who … (0 comments)
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home buyer: "Beware Of Buying Short Sales" - 11/10/08 11:17 AM
If you are in the market to purchase a home, you will discover that many properties on the market these days are "short sales". This means the owners are upside-down. They owe more on the property than they will net if they sell the property.
Whenever an owner who is upside-down accepts a purchase offer, it will always be a contingent acceptance that is conditional upon the approval of the lender(s). This is because the banks must agree to accept less money than is owed to them.
The upside-down seller is often willing to accept any offer. After all, they will get no … (0 comments)
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home buyer: What You Should Know About Home Warranties - 05/16/07 10:46 AM
Although not mandatory, over 90% of home resales in California include a home warranty. Unless you are purchasing a property "as-is" at considerably below market value, you should always ask the seller to provide you with a warranty plan.
A home warranty or home protection plan is essentially an insurance policy that covers the basic systems of a home for one year. Usually, the homeowner can renew the policy to extend coverage for longer.
So what is covered? Basic home warranties cover the home's heating system, plumbing, and electrical system. In addition, the water heater and built-in appliances are covered.
Home warranty companies offer … (0 comments)
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This blog is about the wonderful community of Rancho Bernardo, California and will provide tips for home buyers and sellers.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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