Making repairs when selling your home

Sellers often make repairs to their home when they sell, either in the course of fixing up the home for sale or during the transaction if the buyers and sellers agree that the sellers will make repairs in exchange for the buyers removing their inspection contingency. It’s natural to want to have repairs done for …

Continue reading ‘Making repairs when selling your home’ »

Forgo final property inspection at your own risk

Sellers don’t always play by rules when moving out Purchase contracts often include a provision for the buyers to walk through the property with their real estate agent about five days or so before closing. This is not a contingency of the contract. It provides the buyers an opportunity to confirm that the property is …

Continue reading ‘Forgo final property inspection at your own risk’ »

How Much Should You Borrow for a Home Loan?

According to a 2011 report issued by CoreLogic, roughly 23.1 percent of mortgaged homes were underwater – worth less than the amount mortgaged – in the fourth quarter of 2010. If you are one of the lucky 75 percent of homeowners with some equity, then you might be considering taking out a loan in order …

Continue reading ‘How Much Should You Borrow for a Home Loan?’ »

Seller musts when fixing home defects

Some experienced investors buy foreclosure properties cheaply without even having seen the property. However, most buyers shouldn’t buy a property unless they have had it thoroughly inspected by qualified professionals. Inspections are a necessary part of the homebuying and selling process. Sellers should be leery of buyers who offer to purchase without an inspection contingency. …

Continue reading ‘Seller musts when fixing home defects’ »