Archive for the 'Buying A Home' Category

What is a Buyers Agent?

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Kerry Plowright asked: As the name suggests, Buyers Agents are the intermediaries between you the buyer and a vendor or real estate agent, when transacting a property purchase. The theory being is that traditionally the real estate agent operates for the vendor (seller) and the Buyers Agent works for the buyer.

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First Time Home Buyer? Hip, Hip Hooray for Thda!

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Kristin Abouelata - Home Loans asked: “In order to promote the production of more affordable new housing units for very low, low and moderate income individuals and families in the state, to promote the preservation and rehabilitation of existing housing units for such persons, and to bring greater stability to the residential construction industry and related industries so as to assure a steady flow of production of new housing units…”

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I live in the Bay Area, California. I am a first-time home buyer. I have excellent credit?

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Lou L asked: (750+). My monthly income is 3000. I am interested in buying a condo (7 years old) which is priced at 399,900 and I am planning to put 5% down. I have met with two lenders..Lender A suggested 2 loans (to avoid paying the PMI) and Lender B suggested 1 loan. I would like to keep my mortgage payments as low as possible, and plan to live there for about 5-7 years. Any suggestions would be appreciated!

Let Your Mortgage Make You Rich

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Homeowners Insurance The Whats and Whys

It is hard to imagine having to rebuild your home after and act of nature for example, so it is important to protect it as best you can; by using some forward thinking and preparation, many events no matter how bad, can be dealt with. There are always going to be problems and we all have to do our best to protect what is valuable from natural events and also from people who want to cause us and our homes damage. Protecting you property is just a matter of arranging a homeowners insurance policy with an insurance company which in return for your regular contribution, they will pay out an agreed amount of money should a claim be made.

Typical situations covered by most house insurance policies are damage to the property, possessions, theft of items, acts of vandalism and of course, fire. There is normally a limit on how much will be paid out which would cover the average home but there will almost always be a deductible to include in the calculations as well.

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Outlawing Dual Agency?

As I was surfing the web this post on outlawing dual agency got my attention. The author is apparently a real estate agent in Seattle Washington and he relates the story of his cousin’s ordeal.

Trevor (the author) attempts to clarify which type of dual agency should be outlawed. He believes that 2 different agents in the same company each representing a buyer and seller is fine. It is when one agent represents both buyer and seller that there is a problem.

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Holiday Showcase of Homes returns to the Triad.

SUMMERFIELD — The 2007 Holiday Showcase of Komes kicks off this week.

“Its fun for us, enjoyable for us and we get to give back to the community,” said builder Tim Glen with Combs Incorporated.

Greensboro builders are decking the halls, as well as a few other rooms this week, for the second annual showcase.

“Whether youre looking to build, to buy, to remodel or simply look to decorate for the holidays, theres something for everyone,” said Cheryl Collins, of the Greensboro Builders Association.

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Home buyers you must know this.

Become acquainted with realty forms before finding the right home

When buying a home, most of the home buyer’s drive is focused on finding the right home. Unfortunately little thought is generally put into writing the purchase offer.

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