buying a home: "Take Advantage Of Low Mortgage Interest Rates"
- 12/09/08 03:18 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)
buying a home: "Beware Of Buying Short Sales"
- 11/10/08 03:17 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)
buying a home: Should You Sell Your Current Home Or Buy A New Home First?
- 05/31/07 12:32 PM
I frequently receive a question from potential home buyers who also have a home to sell asking if they should buy first or sell first. If you are financially capable of buying your new home without selling, then you have options. You can buy first, move into the new house, and then sell your old one. Or you can sell first. However, if you need the equity from your current home to use as a down payment for the new place, then you should probably sell first. Here is the preferred scenario. Put your current house on the market. When an offer comes in, negotiate … (0 comments)
buying a home: The 10 Most Common Problems Found By Home Inspectors
- 05/23/07 05:00 AM
California homebuyers should make their purchase offer contingent upon being able to have the property inspected. And a licensed contractor should be hired to conduct the inspection. I have attended hundreds of these inspections. So let me give you the benefit of my experience so that, whether you are a home seller or buyer, you will have some idea what to expect. I can tell you that the inspector will always find something. No property is perfect and the buyer should understand that there will be some wear and tear unless it is brand new construction. The goal of the buyer should be to … (0 comments)
If you are in the market for a home, boy is your timing great!;)
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