If you want to purchase a home located in an urban area but are struggling to find one you can afford, then you should consider looking in an up-and-coming neighborhood. While you may prefer to live in an area that has low crime and excellent schools for your children, buying in an up-and-coming neighborhood can give you more bang for your budget and provide you with an excellent investment that will grow in value as the other homes around yours are improved. [Read More]
What Is Title Insurance & Who Should Pay for It?
One of the costs associated with the purchase of a home is for buying title insurance. The cost of title insurance is among the many financial transactions accounted for on the date of closing. Home buyers may be able to reduce the cost of closing by negotiating which party is to pay the expense of title insurance. Title insurance is typically required when you obtain a new mortgage. Title insurance protects the lender and buyer in the event that a defect is later discovered in the property title. [Read More]
Things To Do Before You Hire A Real Estate Agent
A real estate agent will want to start the process of advertising your home and showing it to potential buyers as soon as possible. While this is a good thing, you will want to make sure that you are ready for that. To ensure that your home is ready to officially go on the market, you will need to consider doing the following things: Remove the Clutter Whether this means that you need to rent a dumpster to clean out the garage, basement, and attic from the things you have been storing for years and that may not be any good anymore, or you start packing things up to take them to storage, you need to start removing the clutter as soon as possible. [Read More]
Three Ways To Speed Up Your Home's Closing
If you are in the process of purchasing a new home from one of the many realtors around the country and you are trying to get your family moved in before school starts, you probably only have a few weeks. While that can be a very small window of time, if your lender is able to process your documents, it is still possible to get it done but it is going to take some work on your part, as well as on the part of the real estate agent. [Read More]