Selecting Service Providers

You and the Seller Must Agree Buying a home does not occur in a vacuum, involving only you and the seller. There are all kinds of people and services involved behind the scenes to make it happen. Since some of these services affect both you and the seller, there will have to be an agreement…

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How FHA and VA Financing Affects Your Offer

If you are obtaining a VA or FHA loan in order to finance your purchase, you must include that information in your offer. This is because government loans place additional financial and performance obligations on the seller. Non-Allowable Fees First, VA and FHA loans prohibit buyers from paying certain types of fees that are often…

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How to Put an Offer in on a House

Determining Your Offer Price When you prepare an offer to purchase a home, you already know the seller’s asking price. But what price are you going to offer and how do you come up with that figure? Determining your offer price is a three-step process. First, you look at recent sales of similar properties to…

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The Business Cycle and Buying a Home

Recession and Expansion There are times when the economy is brisk and everyone feels confident about his or her prospects for the future. As a result, they spend money. People eat out more, buy new cars and they buy new homes. Then, for one reason or another, the economy slows down. Companies lay off employees…

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Don’t Buy a Car If You’re Buying a Home!

When Income Grows and You Want to Buy “Stuff” When an individual’s income starts growing and they manage to set aside some savings, they commonly experience what may be considered an innate instinct of modern civilized mankind. The desire to spend money. Since North Americans have a special love affair with the automobile, this becomes…

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Benefits of Owning A Home

As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could earn over six percent with…

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