Tagged : buying a home

Found 10 blog entries tagged as "buying a home".

goldhouse_buchachon_450zillow.com - Someone being transferred for work or making a major move for personal reasons may end up selling in one market and buying in another. The ideal scenario would be to sell in a sellers’ market, like the San Francisco Bay area or Seattle, and buy in a buyers’ market, such as Providence, RI. The worst-case scenario is to do the opposite.

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menhouse_sellingpix_450Before purchasing a new home, it is important to nosy around the neighborhood. You must have questions to ask neighbors in the area before you decide if the house is right for you.

Potential homebuyers don’t spend nearly enough time thoroughly examining the neighborhood by getting out of their cars and talking to the neighbors.

1. Ask about the house  2. Find out about the neighborhood vibe  3. Determine if the area is kid-friendly  4. Rate your experience

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houseinfingers_lehui_450When you buy a home, you probably assume that you own everything in and around it within the property lines. But in some parts of the country, homeowners are discovering the property they’re buying does not fully include the land beneath it.

For example, in Tampa Bay, FL a family realized at closing that their home builder had already signed away the rights to the land underneath their home to its own energy company. The “mineral rights” grant gave the energy company the freedom to drill, mine or explore for precious minerals beneath the home.

How is this even possible, and how can it be avoided? Who really owns the land beneath your home? Here’s what you need to know.

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househill_sellingpix_450The real estate market is open 365 days a year – yes, even on holidays – but there are cyclical trends to the marketplace. Some of those ups and downs are based on mortgage interest rates and housing availability, but some are based on season.

Next to spring, fall is the busiest season for home buying and selling. Autumn offers certain benefits to home buyers, including year-end tax breaks, pleasant weather conditions for moving and a wide selection of homes for sale. Read on to learn the advantages of buying in the fall.

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realtor.com - When people buy a home, a plethora of factors influence their decision. The look of the home, as well as its size, layout, age, and proximity to amenities are all important to varying degrees, depending on the individual buyer.

The local school district is one factor with significant influence. We’ve always known that good schools attract families with school-age children, but recent statistics add concrete numbers and surprising trends to the storyline.

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thestreet.com - Homeowners who've wanted to sell should be cheered by recent news of rising home prices, easier lending terms for buyers and general economic improvement that encourages house hunting.

But the silver cloud has a dark lining: Rising interest rates can undercut home prices.

 

Rising mortgage rates are hardly a crisis, as they're still low by historical standards, but prospective sellers should keep the rate and price relationship in mind as they plot their strategies.

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Buying a home with cash has definite advantages in today’s market. National Association of Realtors® research on cash sales shows that about 30 percent of residential sales are cash transactions. Among investors and international buyers, more than 70 percent of properties are bought outright. If you can afford to buy up front, the advantages are many:

  • Sellers are likely to favor buyers who can pay in cash.  
  • The home price may be reduced for those who pay in full up front.  
  • All-cash purchases streamline the home-buying process: No loans means less paperwork and no delays for mortgage approval.
  • Cash buyers can save money on closing costs, bank appraisals, mortgage applications and fees, title insurance, and so on.
  • Cash purchases eliminate the
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homeowner_2761.  Basic Market Trends - Have you ever heard the saying that the three most important criteria in setting the value of a home are "location, location, location." Well, that remains true today, but they might want to add: "timing, timing, timing."

2. Your Financial Picture - One of the main considerations you have to make is this: does your current financial picture putyou in a strong position for home ownership? If not, then buying a house will not be a good idea no matter what the market trends indicate.

3. How Much Do You Have Saved Up? - Assuming that you're not worried about debt paydown or losing your job, then the most important factor to consider is how much savings you have. Many home purchases require 10 or 20 percent as a down payment on a

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realestate.aol.com - First comes love ... then comes a house ... then comes marriage. Getting hitched may not be the ultimate sign of commitment these days as more and more couples opt to buy a house together before walking down the aisle, new research shows. Nearly 1 in 4 married couples ages 18 to 34 purchased a home together before getting married, according to a recent Coldwell Banker Real Estate survey released this week. That compares to just 14 percent of married couples ages 45 and older.

It's not that these young couples are less committed by putting the purchase of a house before a wedding. According to the Coldwell Banker survey, 80 percent of all married couples who bought a home together at any stage of their relationship said that purchase

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builderonline.com - They may have watched the value of their parents’ homes soar then crash. And, chances are, they know someone who is losing their home to foreclosure. Still, the hope of homeownership is alive among people who rent and want to buy, according to a recent survey by PulteGroup.

The home builder’s survey results showed that 60% of renters who say they want to buy a home in the future have increased their intent to buy compared to a year ago. And 61% of that group says they plan to purchase a home within the next two years.

It also indicates that homeownership continues to be as much an emotional desire as a practical one. Nearly half said they wanted to own a home because they would like being able to call themselves homeowners.

To

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