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Tips for Buying a Washington D.C. Home

September 12, 2011

in Home Buying Guide, Regional Real Estate Tips

It was touted as the nation’s strongest market last year. And even though recent reports suggest a slight dip in the Washington D.C. real estate market, it still seems to have held steady because of the high number of government jobs in the area. The National Association of Realtors® reported that prices in the market […]

5 Reasons to Buy a House in Florida Now

September 6, 2011

in Home Buying Guide, Home Foreclosures, Regional Real Estate Tips | Tagged ,

If you’re dreading another winter up north and are ready to relocate to a warmer climate, hit the road and start shopping for a house in Florida. Think you can’t afford it? You might be wrong. The average price of a condo in Florida is hovering around $97,000, and single-family homes are listing at an […]

Green Building is the Future for Real Estate

August 25, 2011

in Home Buying Guide

Eco-friendly home designs are one bright spot in today’s struggling real estate economy. As homeowners look to buy new, green-constructed homes, real estate builders are doing everything they can to lower the cost of living with energy and environmentally efficient designs. According to a new report by NPR, green construction accounts for almost one third […]

How to Close on a Home Quickly

August 22, 2011

in Home Buying Guide

Congratulations! You’ve finally found the house of your dreams and submitted an offer. Now on to the tricky part – getting your loan approved. How Long Should it Take from Purchase to Closing on a Home? Once your offer is accepted by the seller, your loan application will be submitted to an underwriter for approval […]

Can I Lower My Interest Rate for Mortgage with Bad Credit?

August 14, 2011

in Home Buying Guide, Mortgage Interest Rates | Tagged , , ,

One of the hallmarks of the American dream is home ownership, but gone are the days when banks were willing to offer low interest rates for mortgages with bad credit. At the height of the real estate bubble, it wasn’t uncommon for mortgage lenders to use creative financing to lend money to individuals with bad […]

What is Happening to Mortgage Interest Rates?

August 11, 2011

in Home Buying Guide, Mortgage Interest Rates, Negotiating House Prices

Most people assume that mortgage interest rates move in relation to the interest rate set by the Federal Reserve. So how can mortgage interest rates go up when the Federal Reserve rates are holding steady or going down? What is happening to mortgage interest rates now? As it turns out, the Federal Reserve and mortgage […]

Realty Questions: Should I Buy a Home from a Family Member?

August 5, 2011

in Home Buying Guide

A common real estate question is whether or not you can buy a home from a family member. The answer, in most cases, is yes. If the home is current on payments (i.e. not a short sale or foreclosure), a homeowner can sell the property to any party they choose at a negotiated price. Similar […]

How to Buy a House Before Your Other House Sells

August 3, 2011

in Home Buying Guide

In a buyer’s market, the inventory of homes for sale can be astounding. Deciding on a home to buy is difficult enough, but what happens when you have one to sell beforehand? Many times, especially in a soft real estate market, a buyer may get into a situation where they find a new house before […]

Down Payment Help for First Time Home Buyers

August 2, 2011

in Home Buying Guide | Tagged ,

“Water, water everywhere … nor any drop to drink.” – Rime of the Ancient Mariner If you’re a first time home buyer, you might be able to sympathize with this statement. Thanks to the recent economic recession, there is no shortage of affordable homes, yet due to the mortgage crisis, lending has become tight. Prior […]

Buying a Home From For Sale by Owner Listings

July 22, 2011

in Home Buying Guide

You’ve decided you’re buying a home, and suddenly you spot a gem that reads, “For Sale by Owner.”  What should you do?  Real estate agents can be extremely helpful for guiding homebuyers through the purchase of a home, and the idea of buying a home without that guidance can seem intimidating, especially if you are […]