Tagged : homebuyers

Found 14 blog entries tagged as "homebuyers".

houseinfingers_lehui_450money.cnn.com - Big purchases often come with big expectations.

So it's no wonder that in a recent survey of 2,000 homebuyers, a whopping 80% said they regretted at least one thing about their home.

The number one complaint: The home just isn't big enough, mortgage information site HSH.com found. Others complained about a lack of closet space or that the place didn't have enough bathrooms. Bad neighbors were also a problem, as was a substandard school system.

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house_nikolaichuk_450homes.yahoo.com -You don’t need to be a world-class negotiator to nab a great deal on your dream home.

More often, it’s a matter of knowing what not to say. One errant comment or paperwork misstep can compromise your negotiating position. Playing it close to the vest around home sellers and listing agents is critical.

Here’s a look at four messages and mindsets buyers should avoid broadcasting.

1. “I’m Not Pre-Approved”
2. “I’m Pre-Approved for This Exact Amount” 3. “I Can’t Live Without This Home” 4. “This Is My Forever Home”

 

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new_construction_buchachon_450money.cnn.com - As construction and homebuyer activity in communities across the country demonstrate, the housing market continues to recover. Home prices nationwide were up as much as 13% in the past year, which helped lift four million homeowners from being underwater.

And while the collapse of the housing market was a major cause of the Great Recession, stronger residential investment has helped boost economic growth over the last few years by spurring construction activity and helping American families build back their hard-earned wealth.

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goldhouse_buchachon_450money.cnn.com - The number of available houses in the hottest markets has dropped dramatically over the past year, says the National Association of Realtors: In the Boston area, for one, inventory levels are down 29% vs. 2012. And Denver, Seattle, and San Francisco aren't far behind.

"Some homes are flying off the market in a matter of days," says Paul Bishop, VP of research for NAR.

Shopping in a popular spot? You'll have to go beyond the usual sellers' market tactics, such as getting prequalified for a mortgage. These strategies will help you find homes first, stopping a bidding war before it starts.

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interest__max5128_450homes.yahoo.com - If you don't have 20 percent to put down on a new home, that doesn't mean you can't buy one. Does that surprise you? Then listen to this: there are all kinds of strategies for prospective home buyers who can't get the cash together for the traditional 20 percent down.

In fact, homebuyers could get a loan with as little as 3.5 percent down through the Federal Housing Administration, says Joe Parsons, senior loan officer with PFS Funding in Dublin, CA and author of "Growing Equity: A Guide for the Hopeful Investor." 

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money.cnn.com - Homebuyers may have enjoyed record low mortgage rates over the past year, but they were paying a pretty penny when it came time to close the deal.

Nationwide, closing costs averaged $2,402 over the past year, up 6% from $2,264 in 2012, according to a survey by Bankrate.com. The estimates were based on a $200,000 mortgage for buyers with good credit and a 20% down payment.

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inman.com - One in 3 buyers are willing to bid higher than a home’s asking price, according to a survey conducted by Trulia in partnership with Harris Interactive.

That was just one of several other findings of the survey that appear to show that homebuyers are feeling the squeeze of market conditions that are significantly altered from those of a year ago. At the same time, they capture improved sentiment towards the housing market.

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money.cnn.com - Sell quickly. Win a bidding war.

Sell your home fast 
Underprice it from the start. If you list your home for at least 10% less than it's worth, you'll often sell it for 10% more.

Win a bidding war 
Go as high as the maximum price you'd ever be willing to pay -- if someone outbids you, you'll feel confident you gave it your best shot.

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homes.yahoo.com - Right now homebuyers across the country, already in frenzied bidding wars for homes, are increasingly losing out to the almighty all-cash buyer.

To answer why, you have to look at the appraisal process. Price appraisals are common during the home selling process. They confirm that the home’s value is not substantially below the asking price. The step is necessary for buyers who are getting a mortgage—the bank won’t lend buyers $300,000 for a home worth only $250,000.

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lifeince.today.com - It’s a seller’s market in many parts of the country right now. That’s a big change from the past six or seven years. With buyers competing for the same property, home prices are going up. It’s a good thing mortgage interest rates are at historic lows.

“If you want to get the home of your dreams, you need to be really serious,” advises real estate expert Ilyce Glink,author of the book Buy, Close, Move In. “You've got to get pre-approved, not pre-qualified for your purchase. You have to know what you want and how much you feel comfortable spending (it may be less than what the bank suggests). If you know what you want and how much you want to spend, and you've spent a lot of time in your neighborhood of choice, when the right property

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