Is a Home Inspection Necessary When Buying a House?

A home inspection can help find hidden problems when buying a house.

Professional home inspections are intended to provide peace of mind for prospective buyers by ensuring the structure is sound and that it will need no significant repairs soon after the sale closes. Prospective buyers have three inspection options: Add an inspection contingency to the offer. If a significant problem is found that the seller chooses…

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What Credit Score is Needed to Buy a Home?

Credit scores and homebuyers

FICO scores, commonly called credit scores, are a statistical gauge of an individual’s ability to repay a loan. Your credit score is a key consideration in any loan process. It is the primary factor lenders use to determine how much they will loan a borrower and the interest rate. In some instances, a low credit…

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Avoid These Common House-Hunting Mistakes

Common house-hunting mistakes to avoid

Whether the real estate market is hot or cold, prospective homebuyers need the guidance of a real estate professional. Together you can create a homebuying plan that will help you avoid selecting the wrong home and keep you from spending more than necessary. Sometimes, the excitement and frustrations created by the competition for buying a…

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Your Offer to Buy a Home Was Accepted: What’s Next?

Handshake after buying a home

The house hunt seems to be reaching its end, a homeowner has finally accepted your offer! But now what? Has the process ended, and is it time to plan the move? While an offer acceptance is a positive step toward homeownership, certain hurdles must be cleared before completing the process. Some of the steps depend…

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The Differences in Closing Costs and Prepaids

Discover the differences between closing costs and prepaids when purchasing a home.

When purchasing a home, buyers are responsible for paying closing costs and prepaids. The difference between the two can often be confusing, especially since they are paid when closing on a home purchase. Here’s what you need to know so you’re prepared for closing day. Closing Costs vs. Prepaids: What’s the Difference? You might hear…

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How to Get Started in Real Estate Investing

Beginning in Real Estate Investing

While growing wealth and investing can encompass many platforms and strategies, real estate has proven to be one of the most successful and dependable. Moreover, effective real estate investing can be a stabilizer and even a catalyst for increasing your net worth and is not as susceptible to market shifts and global uncertainty. Adding real…

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What to Expect at Closing

What to expect at the closing of a real estate transaction

Closing on a new house can be one of the most exciting days of your life. But before you get the keys, you’ll need to sign several documents at the closing table. So, here’s what to expect on your big day. What Are Closing Costs? Closing costs are the fees and expenses buyers and sellers…

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How Much House Can I Afford?

How to determine how much house you can afford before beginning a home search

Most of us, at some point, dream of buying and owning a home. In addition, the initial investment can grow into a significant profit because of property value appreciation. For both first-time and experienced homebuyers, the question becomes: “How much home can I afford?” Calculating the Limit Working with a professional Realtor and lender at…

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How Do Interest Rates Affect the Housing Market?

Interest rates and the housing market

Most prospective home buyers work with a mortgage lender to finance a home purchase. In fact, according to a U.S. Census statistic in 2020, 64.8% of current homeowners used a mortgage loan to buy their homes. As interest rates fluctuate, borrowers generally lock in fixed rates to ensure that their monthly mortgage payments remain steady…

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What Does a Realtor Do for the Homebuyer?

Realtor working with new homebuyer

Prospective homebuyers who begin their search without enlisting the knowledge and experience of a professional Realtor to represent them will miss out on a range of resources that can help them make an informed decision. Realtors add insight into the current market conditions and a real-time understanding of each neighborhood’s current conditions and characteristics. A…

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