buying a home: You’ll find the right house – don’t worry!
- 09/19/13 12:04 PM
Sometimes prospective home buyers are worried that they may not be able to find just the right house for them. Maybe it seems there are so many houses available, that searching for the “right house” could be overwhelming. Maybe the real estate market is experiencing a “lack of inventory” and there’s a shortage of homes, so they don’t want to have to compete with other buyers for their dream home.
The bottom line is that at any given time, people move. Sometimes people move for happy reasons, like a job transfer, expanding their family, or moving up to a larger house. Other … (3 comments)
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buying a home: Sacrifices Made to Purchase Home
- 09/14/13 12:08 AM
Many home buyers made financial sacrifices to be able to purchase their home. Amazingly, over 42% of home buyers made NO sacrifices at all! The sacrifices were listed as:
Cut spending on luxury items or non-essential items Cut spending on entertainment Cut spending on clothes Canceled vacation plans Sold a vehicle or decided not to purchase a vehicle Earned extra income through a second job Read more in our book, "Buy Your First Home", http://tinyurl.com/cs4724e.
What is great about America? It is the American Dream, of course. It is the idea that we are in control of our own destiny, free … (3 comments)
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buying a home: Characteristics of Home Compromised
- 09/11/13 03:53 PM
We know that we can’t always get our entire wish list of features “granted” in a first home purchase. Most home buyers had to compromise on some features. But surprisingly, 32% of first home buyers did NOT have to compromise at all! The most common “wish list” features compromised were:
Price of home Condition of home Size of home Style of home Distance from job Lot size Distance from friends or family Quality of the neighborhood Quality of the schools Distance from school Read more in our book, "Buy Your First Home", http://tinyurl.com/dy2wjx4.
What is great about America? It is the … (2 comments)
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buying a home: Real Estate Glossary (Part 10 of 10)
- 09/08/13 05:17 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
… (3 comments)
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buying a home: Real Estate Glossary (Part 9 of 10)
- 09/04/13 12:17 AM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 10 of 10 … (2 comments)
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buying a home: Real Estate Glossary (Part 8 of 10)
- 08/30/13 08:03 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 9 of 10
Part 10 of 10 … (5 comments)
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buying a home: Real Estate Glossary (Part 7 of 10)
- 08/28/13 11:34 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 8 of 10
Part 9 of 10
Part 10 of 10 … (5 comments)
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buying a home: Real Estate Glossary (Part 6 of 10)
- 08/23/13 11:49 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
Part 10 … (2 comments)
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buying a home: Real Estate Glossary (Part 5 of 10)
- 08/20/13 09:18 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
Part 10 of 10 … (0 comments)
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buying a home: Real Estate Glossary (Part 4 of 10)
- 08/16/13 11:51 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 3 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
Part 10 of 10 … (2 comments)
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buying a home: Real Estate Glossary (Part 3 of 10)
- 08/14/13 03:17 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 2 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
Part 10 of 10 … (2 comments)
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buying a home: Real Estate Glossary (Part 2 of 10)
- 08/09/13 02:13 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 1 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
Part 10 of … (0 comments)
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buying a home: Real Estate Glossary (Part 1 of 10)
- 08/07/13 12:40 PM
Brief Definition of Terms
In the real estate industry, you will discover terms (jargon) that you've never heard before. What do they really mean? Here's a list that will guide consumers to understand terms commonly used in the real estate industry.
Disclaimer: Not intended as legal advice.
Consult your real estate attorney regarding your specific situation.
Check-out real estate glossary of terms (series) here:
Part 2 of 10
Part 3 of 10
Part 4 of 10
Part 5 of 10
Part 6 of 10
Part 7 of 10
Part 8 of 10
Part 9 of 10
Part 10 of 10
… (2 comments)
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buying a home: Benefits and challenges of a condo
- 08/01/13 01:08 PM
Benefits: Because of the common ownership, everyone contributes HOA fees, so prized amenities are available to all residents. For example, homeowners may have access to swimming pools, rec rooms, basketball courts, and BBQ facilities. Another benefit is that condos typically cost less than a free-standing home so they are perceived as more affordable.
Challenges: Common walls and small yards can reduce your privacy, and this can be a drawback. Living in close communities means that nosy neighbors may annoy each other, and there could be more friction. When the real estate market drops, condos are the usually the first to depreciate because … (4 comments)
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buying a home: What is a condominium?
- 07/31/13 11:20 AM
A condominium is a home attached to other homes, in which each homeowner owns ONLY their building, while the HOA owns and is responsible for the land, common areas, some exterior features of the buildings, and possibly the attached walls. The exact ownership is specified in the condo’s CC&Rs and varies by condo complex. Condos may include garages, carports, parking spaces, or no parking rights at all.
Homeowners are said to own “airspace” within the boundaries of their house. They also share in the HOA ownership. With a condo, some insurance may already be included for the building structure, so find out … (2 comments)
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buying a home: "Can do" Attitude
- 07/28/13 06:56 PM
How important is attitude? Extremely important! You need to choose a REALTOR® who can persevere despite obstacles; someone with a positive attitude. If your REALTOR® has good negotiating skills, you can feel confident that you will get a great deal with no hassles because he will go to bat for you. If there is a challenge, she will craft a solution. You need a professional with this type of fortitude and persistence to work on your behalf.
A person with a positive “can do” attitude will help your buying experience to be smooth and enjoyable. It is great to have a professional … (4 comments)
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buying a home: Architectural Styles: Learn the Lingo - Part 1
- 07/24/13 11:57 PM
American architectural styles reflect our vibrant cultures, vast geographic areas, and time-forgotten eras. Discover the rich heritage of the most popular home types you may encounter in your real estate career. Designs and colors were influenced by local building materials available, and adapted to regional landscapes.
Ever wonder how to distinguish a Cape Cod from a Colonial? A Mission from a Mediterranean? A Prairie from a Pueblo? Unravel the mysteries of house architecture designs with Part 1 of our handy guide below. Part 2 was just published and quickly became an AR feature!
Architectural Styles of American Homes
Now you can speak intelligently … (36 comments)
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buying a home: What is a Single Family Residence?
- 07/24/13 11:37 PM
A single family residence (SFR) is a detached stick-built free-standing home that is built as an individually owned home on its own lot (parcel). It does not share any walls with any other houses. Also called a “single-detached dwelling” or “detached home”, the building is owned individually and occupied by 1 family unit. It usually includes an attached or detached garage. The property may also include a detached mother-in-law suite (granny unit) or a “casita” studio apartment.
A single family residence is the simplest type of home construction. Many home buyers prefer to have a separate, detached home. An SFR is the … (0 comments)
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buying a home: Communication style
- 07/19/13 02:59 PM
What is your communication style? It is important to select a Realtor® who operates with the same communication style as you do. Are you a young person who prefers to text message or Skype your friends rather than call them on the phone? Would you prefer to meet up on Facebook instead of in person? Are you from the boomer generation and e-mail is best for you? Do you prefer written letters and cards, along with a personal handshake when you meet someone in person? You will find this step critical as you go through the process because you need to … (3 comments)
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buying a home: Number of Years Expected to Live in Home
- 07/12/13 11:56 PM
Most first home buyers expect to live in their new house for at least 8 years, with 24% planning to live in their home for 16 or more years. Talk about a long-term investment!
We always advise you to hold your property for the long-term so you’ll have the opportunity to earn equity. With a long-term investment of 10 or more years, you won’t be affected by short-term swings in the real estate market.
Read more in our book, http://tinyurl.com/cs4724e.
What is great about America? It is the American Dream, of course. It is the idea that we are in control of our own … (4 comments)
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Sometimes prospective home buyers are worried that they may not be able to find just the right house for them. Maybe it seems there are so many houses available, that searching for the “right house” could be overwhelming. Maybe the real estate market is experiencing a “lack of inventory” and there’s a shortage of homes, so they don’t want to have to compete with other buyers for their dream home.
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