Tagged : home purchase

Found 5 blog entries tagged as "home purchase".

menhouse_sellingpix_450realtor.com - Whether you have owned your home for a few years or a few decades, you know its quirks, best features and flaws. When you morph from homeowner to home seller you need to be aware that your experience with your home is something you may have to share with potential buyers.

Most buyers opt to have a home inspection before they finalize their purchase, but you as the seller must also follow state and federal regulations regarding disclosure of known facts about your property’s condition.

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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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interest__max5128_450Mortgage rates in the U.S. saw a tiny increase this week, but most popular loans remain under 4.5 percent as 2013 comes to a close.

The average rate on a 30-year fixed mortgage inched upward to 4.48 percent, according to the latest survey from mortgage buyer Freddie Mac. Last week, the 30-year fixed average was at 4.47 percent. However, at this time last year, the average was at 3.35 percent – an increase of 1.13 percent year-over-year.

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househill_sellingpix_450homes.yahoo.com - The Federal Housing Administration (FHA) recently enacted a rule change allowing borrowers who have fallen into foreclosure, bankruptcy, or a short sale to become eligible for a brand new mortgage backed by the FHA in as little as one year from the date of their previous foreclosure auction, the date of closing on a short sale, or the discharge date on a Chapter 7 bankruptcy. Considering the previous waiting period for a government-backed mortgage was three years, the new rule that shortens the wait to one year is a shiny new present to buyers who had all but accepted the reality of becoming renters for the foreseeable future. The new rule is in effect till Sept. 30, 2016.

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realtor.com - You’re ready to dive into the real estate market; you’ve seen the stories about low inventory; and you know you need to move quickly. Open houses can be a great place to get a head start, by literally getting your foot in the door first!

Being prepared is the key to turning an open house visit into a home purchase.  

Here are four steps to ensure that you find a home you love and find it first.

Time your search to find the most open houses.  Explore the area you are interested in and plan your itinerary.  Take notes and rate homes while they are still fresh in your mind.  Save the listings you like and set up alerts to go right to your device.

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