home purchase: What To Watch Out For When Buying A Home
- 12/10/20 09:27 AM
Buying a new home is an exciting experience. At the same time, it is also important for everyone to think about a few important topics that have to be discussed before they place an offer on a home. That way, everyone can rest easy, knowing they have done their due diligence when it comes to purchasing a new home.
Do Not Neglect The Noise Level Of The Neighborhood
One of the most commonly overlooked topics when it comes to buying a house is the noise level of the neighborhood. Some noise from the outside world is to be expected, particularly for those who move … (2 comments)
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home purchase: What Should I Consider Most When Buying A Home This Year?
- 04/16/20 11:31 AM
There are two times when it is best to buy a home. When you have to buy one and when you can afford to buy one. In general, owning a home is better than renting one because you are building up equity for yourself, instead of throwing your money away by helping the landlord buy the property with your rent money.
Best- And Worst-Case Scenario Planning
Be prepared for owning a home, especially if this will be your first time as a homebuyer. There is a natural tendency to stretch finances to the breaking point when wanting to own a home.
Try to be … (0 comments)
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home purchase: The Risks And The Rewards Of Buying Homes In An ‘As-Is’ Condition
- 12/18/19 10:19 AM
When considering buying a home in an “as-is” condition, the buyer takes all the risk of anything needed to bring the property back up to current building codes and make it ready for occupation or re-sale. There can be bargains in as-is properties if you know how to hunt for one.
How To Find As-Is Bargain Properties
To find these properties, look for those that sell at auction for tax liens or other reasons for governmental asset-seizure. The might be distressed as-is properties that are foreclosures, short-sales, or estate sales.
A popular home-flipping strategy is to buy an as-is property at a price that is … (1 comments)
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home purchase: Making Money Buying Homes And More From Estate Sales
- 07/11/19 01:09 PM
An estate sale is the sale of the property owned by a person after a person dies. This sale may include real property, such as a home, and personal property, such as the home’s contents.
There are two ways to buy property through an estate sale. One way is to buy it from the person who inherited the property. The other way is to buy it from the estate through the executor of the estate. The executor is the person with the legal authority to dispose of the estate’s assets according to the last will and testament of the person who died.
The … (0 comments)
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home purchase: Face The Numbers, A Mortgage That Works For You
- 01/01/14 10:19 PM
How to Find A Mortgage That Works For You?
Before taking out a mortgage to buy a home, it's time to take a realistic survey of your finances so that you can determine your price range and what size of home you can comfortably afford.
Buying a home that suits your finances will mean that your mortgage payments will be easily within your budget and won't cause you financial stress.
Stay In Your Price Range
Many people, when offered a large mortgage by the bank, are tempted to buy homes that are outside of their price range.
It's easy to … (0 comments)
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home purchase: Quick Tips To Beat Out Cash Buyers
- 09/20/13 12:40 AM
Quick Tips To Beat Out Cash Buyers
You’ve been searching for the perfect home for quite a while, and finally, you’ve found it! You get all of your finances in order and place an offer on the house.
However, you’re not the only one that loves the home, because there are multiple offers — and one of them is cash.
Cash buyers are seen as desirable because they’re almost always a guaranteed quick close.
They don’t have to borrow money from a bank therefore won’t have any financing hang-ups, which is where a large portion of offers fall through. Don’t … (0 comments)
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home purchase: Pending Home Sales Indicates That The Housing Recovery Is Progressing
- 08/28/13 11:34 PM
Pending Home Sales Indicates That The Housing Recovery Is Progressing
The National Association of REALTORS reported Wednesday that pending sales of existing homes fell by 1.30 percent in July.
According to the organization’s Pending Home Sales Index, this was the second straight month that pending home sales dropped. July’s Pending Home Sales Index reading was 109.50.
Signed Purchase Contracts For Existing Homes Tracked In The U.S.
·Northeast: – 6.60 percent ·Midwest: – 1.00 percent ·West: - 4.90 percent ·South: + 2.60 percent Pending home sales were 6.70 percent higher year-over-year on a national basis. … (0 comments)
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home purchase: Why It's Critically Important To Have A Home Inspection
- 06/12/13 11:13 PM
Why It's Critically Important To Have A Home Inspection
Many home buyers have found the perfect house, signed on the dotted line and may think they've watched enough home improvement shows to know if the home they're getting is in good shape. Unfortunately, some buyers make the mistake of skipping a home inspection in order to save a little cash.
Even if a home has already stolen your heart and you're ready to pay for it as-is, you need to bite the bullet and hire a home inspector to let you know what repairs and financial repercussions await you.
Why … (1 comments)
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home purchase: 7 Great Tips To Help Your Kids Adjust to Their New Home
- 03/26/13 07:11 AM
7 Great Tips To Help Your Kids Adjust to Their New Home
You've finally made the decision and are moving to a new city.
And while a move can be an exciting new adventure - new work, new friends, new life experiences - moving to a new home is a big deal, especially for a young child.
They might not understand what is happening, and even feel apprehensive, overwhelmed or stressed during a move.
However, there are ways that you can help your children adjust and make the transition of moving to a new house easier.
Here are a few tips … (1 comments)
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home purchase: What's Ahead For Mortgage Rates This Week in Montgomery County PA
- 02/04/13 10:03 PM
What's Ahead For Mortgage Rates This Week in Montgomery County PA
Mortgage rates worsened last week amid evidence of an improving economy. Conforming mortgage rates climbed in Pennsylvania and nationwide, rising to a 4-month high.
Freddie Mac has the average 30-year fixed rate mortgage rate at 3.53% for borrowers willing to pay 0.7 discount points plus a full set of closing costs.
There was plenty of news on which for rates to move last week.
First, the Federal Open Market Committee (FOMC) met and voted to hold the Fed Funds Rate in its current target range near 0.00 percent. The … (0 comments)
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home purchase: 3 Reasons To Attend Your Own Home Inspection
- 01/31/13 12:38 AM
3 Reasons To Attend Your Own Home Inspection
As a home buyer in Montgomery County , you can get a feel for whether a home's systems and appliances are in working order. However, you can't know for certain until after the home's been inspected.
This is why real estate agents recommend that buyers hire a licensed home inspectors immediately after going into contract. It's the best way to really know the home which you're buying.
By definition, a home inspection is a top-to-bottom check-up of a home's physical condition and systems, including a review of the structure, and its … (3 comments)
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home purchase: 27 Months Of Consecutive Job Growth Helping Home Prices Rise
- 01/14/13 11:02 PM
27 Months Of Consecutive Job Growth Helping Home Prices Rise
The Bureau of Labor Statistics (BLS) Non-Farm Payrolls report for December exceeded Wall Street's
expectations by 5,000 net new jobs, showing 155,000 positions created in December.
The December tally raised the economy's 12-month total to 1.84 million net new jobs created nationwide. Jobs added in December mark the 27th consecutive month of job growth.
Job sectors showing the strongest growth to close out 2012 included:
Health Care Drinking and Eating Establishments Construction Manufacturing Private-sector hiring is driving the jobs market, too. 168,000 new private sector jobs were added in December. Government jobs … (0 comments)
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home purchase: Choosing "Green Homes" in Montgomery County PA
- 01/13/13 10:38 PM
Choosing "Green Homes" in Montgomery County PA
"Green" homes can be great for the environment and can save you money over time.
For environmentally-conscious homeowners wanting to minimize their footprint and their energy bills, there are four areas upon which to focus.
In-Home Energy-Efficiency
According to the Environmental Protection Agency (EPA), as of December 2012, buildings account for 68 percent of the nation's total energy consumption. Green homes can reduce this figure via energy-efficient appliances; well-sealed, double-glazed windows; and good insulation. Alternative energy sources such as solar panels can also reduce energy use.
Green Building Materials
Building materials are determined to be … (0 comments)
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home purchase: Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data
- 01/07/13 10:21 PM
Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data
Mortgage rates moved higher Wednesday up congressional leaders voted to avoid the "Fiscal Cliff".
Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That's what happened Wednesday.
For Thursday and Friday, expect jobs data to dictate where Montgomery County mortgage rates are headed.
The Federal Reserve has said that the national Unemployment Rate will dictate future monetary policy, with the central banker planning to raise the Fed Funds Rate from its target range near zero percent once joblessness falls … (1 comments)
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home purchase: 3 Ways To Purchase Foreclosed Properties in Montgomery County
- 01/02/13 09:55 PM
3 Ways To Purchase Foreclosed Properties in Montgomery County
The process of buying a foreclosed home is slightly different from the process of buying a non-foreclosure home. If you want to invest in Montgomery County foreclosures, therefore, it is important to understand the different ways by which to purchase a foreclosed home.
There are three main ways to buy a foreclosed home.
Buying before the auction Some delinquent homeowners may want to sell their homes before facing an actual foreclosure.In this instance, the homeowner, in agreement with the lender, agrees to sell the home for less than the amount owed … (0 comments)
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home purchase: More Winter Tips - How To Install A Water Heater Jacket
- 12/26/12 10:39 PM
More Winter Tips - How To Install A Water Heater Jacket
A simple way to save money is to improve your home's energy efficiency rating. For example, Montgomery County homeowners can save up to 9 percent per year on water heating costs simply by installing a water heater jacket.
Water heater jackets are easy to install. Here's how you do it :
First, before you go shopping, check whether your water heater is a gas model, or an electric one. Then, write down your water heater model number. Most water heater jackets list compatible water heater models on their respective packaging. Look … (1 comments)
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home purchase: Short Sales Outnumber Foreclosure Sales For Third Straight Quarter
- 12/23/12 09:17 PM
Short Sales Outnumber Foreclosure Sales For Third Straight Quarter
Foreclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale.
In its Q3 2012 report, RealtyTrac says that 193,059 homes in some stage of foreclosure were sold, accounting for 19% of all residential home sales. In addition, pre-foreclosure sales -- also known as "short sales" -- climbed 22% on a year-over-year basis.
For the first time since 2007, the number of short sales outnumbered the number of homes sold in foreclosure over three consecutive quarters.
The average price of a short sale home fell by 5 percent … (0 comments)
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home purchase: Improving Market Index : Up To 201 Cities For December 2012
- 12/19/12 11:21 PM
Last week's National Association of Home Builders/First American Improving Markets Index (IMI) brought positive news about U.S. housing markets and the broader U.S. economy, in general.
According to the IMI, there are now 201 U.S. markets which can be considered "improving".
To meet this standard, a local area economy must exhibit at least six consecutive months of improvement in terms of local employment, single-family housing permits and area home prices; and, at least six months must have passed since each of these readings were at their respective low points, called troughs.
The Improving Market Index added 76 metropolitan areas in December as compared … (0 comments)
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home purchase: What's Ahead For Mortgage Rates This Week : December 17, 2012
- 12/17/12 11:00 PM
What's Ahead For Mortgage Rates This Week : December 17, 2012
Mortgage bonds worsened last week, moving mortgage rates higher. Economic news was mostly positive and the Federal Open Market Committee (FOMC) changed some of Wall Street expectations for future monetary policy.
Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.32 percent nationwide for borrowers willing to pay an accompanying 0.7 discount points plus closing costs. The average 15-year fixed rate mortgage rate was listed at 2.66 percent nationwide with an accompanying 0.6 discount points plus closing costs.
Both mortgage rates had climbed by week's end, however. … (1 comments)
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home purchase: How To Maintain Adequate Homeowners Insurance Coverage
- 12/09/12 11:18 PM
How To Maintain Adequate Homeowners Insurance Coverage
In the aftermath of Hurricane Sandy, stories have emerged of homeowners whose hazard insurance coverage was too low to cover the damage to their respective properties.
Unfortunately, this scenario is common among U.S. homeowners, and is not just limited to damage from natural disasters. Homeowners in Montgomery County and nationwide are often woefully under-insured against catastrophe in its many forms.
Whether you're buying a home, or own one already, revisit your hazard insurance policy choices and be sure that your bases are covered.
Here are four common components of a homeowners insurance policy :
Dwelling/Building Coverage Look … (0 comments)
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Buying a new home is an exciting experience. At the same time, it is also important for everyone to think about a few important topics that have to be discussed before they place an offer on a home. That way, everyone can rest easy, knowing they have done their due diligence when it comes to purchasing a new home.
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