Eight things to know about buying a home today

Eight things to know about buying a home today The home-sale market is showing signs of life. More buyers are confident now than they were a year ago that now might be a good time to buy. Interest rates are near all-time lows and home prices in some areas are back to 2002-2003 levels. Some …

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The advantages of preapproval

The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a preapproval. The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what …

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Four steps to buying a house in 2012

Q: I am on a mission to buy a home. I’ve wanted to own a home my entire life, and thought I would miss the opportunity to buy while the market was down, because I had no real savings when the market crashed. I think I’m ready, though, and prices still seem low. What should …

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Can an HOA disrupt your home purchase?

When Catherine submitted her offer on a lovely townhome in June, she was told to expect a slight delay in closing because appraisers and home inspectors were so busy with the early summer rush of sales. But she never expected her closing date to be delayed at the last minute because of issues caused by …

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