While spring and summer are the high season for home sales, fall can be a buyer’s market. There are several benefits of buying a home in the off-season, like lower prices and quicker closings. Higher Availability of Industry Professionals An advantage of buying a home in the off-season is the greater availability real estate and […]
You’ve mastered spotting and avoiding predatory lending, but now that you’re buying a home, you need to be on the lookout for real estate scams. Many of these scams sound legitimate and are often designed to take advantage of new homeowners or those who haven’t done their homework. Remember, if a deal seems too good […]
Shopping for a new home is an exciting time and you may have built up this image in your mind of what it should be. While having what you want in mind is perfectly normal and expected, you must recognize that you must manage your expectations when looking for a home. Doing so will help […]
Are you ready to invest your money into a home? A home is one of the biggest assets and investments you will ever have, but it’s also a non-liquid investment. Once you make your down payment, you can no longer easily access that money for any other reason—even if it is an emergency. So before […]
When you enter a real estate contract on the property you are considering buying, the sale is subject to a due diligence period where, the buyer has the opportunity to terminate the contract if they decide the home isn’t for them.
When you put in an offer for a home you’d like to buy and have signed your real estate contract, you will have entered your due diligence period. The length of this period varies from contract to contract, depending on your needs and what has been negotiated with the seller.
You’ve found the house you’ve decided you’re committed to buying. To show the seller that you are serious about your offer, you decide to put down an earnest money deposit. How do you know how much you should put down and what determines the rate? There is no “right” answer, as it depends on a […]
In today’s housing market, you are likely to find yourself competing with other buyers for the same home. However, there is more to a winning home offer than just money. In order to get the home you want, you need to make your offer stand out from all of the rest.
Simply put, a re-performing loan is a loan that was previously considered non-performing and you began making payments on it again. Re-performing loans are also called “scratch and dent” loans because it has a performing issue or is defective. Even if you have not repaid the missed payments your loan will still become re-performing—just remember […]
Buying a home is not always a smooth process. From inspections to getting title insurance and agreeing on a closing date, unforeseen circumstances can occur. If you find that you need more time to get the money for a Kansas City mortgage, you may wonder if you can extend the closing date and how it […]