Working to get your home ship-shape for showings will increase its value and shorten your sales time. 1. Have a home inspection Be proactive by arranging for a pre-sale home inspection. For $250 to $400, an inspector will warn you about troubles that could make potential buyers balk. Make repairs before putting your home on…
When will a Foreclosure be removed from your credit report?
Use this handy guide to figure out how quickly you can buy a home after a major financial setback when applying for a loan through FHA, Fannie Mae, or Freddie Mac. Government entities set guidelines for credit events The chart below outlines the criteria that government entities FHA, Fannie Mae, and Freddie Mac follow for…
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5 Common First Time Home Buyer Mistakes
1. They don’t ask enough questions of their lender and end up missing out on the best deal. 2. They don’t act quickly enough to make a decision and someone else buys the house. 3. They don’t find the right agent who’s willing to help them through the home buying process. 4. They don’t do…
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Get Ready For Home Ownership
This is a great article for Buyers who are getting ready for home ownership. 1. Decide what you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop your home wish list. Then, prioritize the features on your list. 3. Select where you…
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Keep Your Home Sale from Falling Apart
After finding a buyer, all you have to do to make it to closing is to avoid these five traps. Mistake #1: Ignore contingencies If your contract requires you to do something before the sale, do it. If the buyers make the sale contingent on certain repairs, don’t do cheap patch-jobs and expect the buyers…