Save Yourself from Homebuying Disasters

Save Yourself from Homebuying Disasters: "Whether you are a first time home buyer or a happy home owner who wants to refinance an existing home loan, there are some cardinal "dos" and "don'ts" to follow. For many, home ownership is the biggest investment in their lives and that could be the reason why some people act irrationally, as if they purposely want to sabotage the deal. Follow these simple rules and you will be sure to make your experience difficult and unpleasant, if not a complete disaster.
Don't get pre-approved or pre-qualified for a loan; lose your dream home to someone else.
Being pre-qualified shows some commitment on your part to both the mortgage broker and the seller. Being pre-approved is an even better step to take. The lender knows your financial standing and is able to present you with "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

When Things Go Wrong

When Things Go Wrong: "Some say home inspectors are inconsistent because their reports identify some minor problems but not others. The minor details that are identified were probably discovered while looking for more significant items, and were noted simply as a courtesy. The intent of the inspection is not to find the $100 detail... it is to find the $1000 items. Some problems can only be discovered by living in a house. For example, some shower stalls leak when people are in the shower, but do not leak when you simply turn on the tap. If there are no clues of a past problem, one cannot presume that the inspector should predict a future problem"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Peace of Mind for Home Inspections

ArticleCity.com - Peace of Mind for Home Inspections: "As sure as the spring flows at The Fountain of Youth, home inspecting provides a stream of knowledge to wash away the fears of home buyers. But fear may be replaced by frustration if the wrong inspector is chosen! Some pointers on selecting your next home inspector will go a long way toward making the process a happy one.
1) Be sure to ask how long the inspector has been in the inspection business. Longevity gives comfort that the company will be with you in the future as new needs and issues arise. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

13 Extra Costs to be Aware of Before Buying a Home

ArticleCity.com - 13 Extra Costs to be Aware of Before Buying a Home: "Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you're not informed and prepared.
Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. Not all of these costs will apply in every situation, however it's better to know about them ahead of time so you can bud-get properly.
Remember, buying a home is a major milestone. Whether it's your first, second or tenth home, there are many important details to address, during the process. The last thing you need are unbudgeted financial obligations cropping up hours before you take possession of your new home. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Checklist For Buying A Home

ArticleCity.com - Checklist For Buying A Home: "I had a client who called saying that his bath tub just fallen through the floor in his new home (new to him). Mold had eaten away the floor from the crawlspace up. The seller had placed a few 4x4s under the floor to hold everything up long enough to sell the house and get out of town.
I asked if he had the house inspected before he bought it. He said, "no, was that important?"
Even if you do get a home inspector, look for these things yourself. Some home inspectors don't look for these items. Some never go into the house."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

4 Things You Shouldn't Do When You're Buying A Home

ArticleCity.com - 4 Things You Shouldn't Do When You're Buying A Home: "1. Don't Make a Major Purchase
You've just found out your credit is A . That's great news, because a new car would look fantastic in the driveway of your new home. But hang on--if you are depending on a mortgage to move in, you'd best wait until after closing to buy the car.
An increase in your debt to income ratio reduces the amount of monthly income available for your mortgage payment. If you tack on a higher car payment, the bank might decide you cannot afford the home.
Using cash to purchase the car could also create a problem, since banks consider cash reserves when approving your mortgage. If you make a major purchase before closing, talk to your loan officer before you do it. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Buying a Home with Bad Credit - Own a Piece of the American Dream

Buying a Home with Bad Credit - Own a Piece of the American Dream: "Owning a home is the ultimate American dream. It is also the best way to build wealth for yourself and for future generations. Having bad credit should not prevent you from owning a piece of the American dream.
If you have poor credit - you are not alone. It is estimated that approximately 30 million Americans struggle with bad credit from having excessive credit card debt and not paying their bills on time. Unfortunately, rising medical costs, job layoffs, ridiculous gas prices and escalating home prices are exacerbating the rate at which Americans are falling into the bad credit pit.
Without a doubt, no other process renders you more ashamed and more aware of your bad credit score than the act of purchasing a home. Buying a house with good credit is horrendous enough, for first time homebuyers. For people with bad credit, it is an act of congress but it need not be. Here are four easy ways to buy a house with bad credit."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Buying Your First Home Late in Life

: "The retired Sears delivery man had just passed his 70th birthday when he decided to seek a mortgage. He embarked on his mission with skepticism, recalls Keith Gumbinger, a family friend and president of HSH Associates, a consumer mortgage information company. 'Who's going to give me a 30-year mortgage when I'm in my 70s?'
But his skepticism melted away when his mortgage application gained quick approval based on his retirement income, including union pension benefits and Social Security payments. 'Absolutely, older people can buy a first home, as long as they have money coming in every month to make their payments,' says Gumbinger."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Generating Excitement at the Listing of Your Home

: "Question: How is selling a home like putting on a Broadway show?
Answer: Both the home and the show must generate rave reviews from the outset to enjoy the best possible results.
The first two weeks are 'prime time' for most listings. 'If your property is priced right and exciting at the beginning, you have a better chance of receiving the best offers right away,' says Mike Monteleone, a Re/Max broker-associate. He's convinced that a well-staged, fairly priced property will usually fetch offers in the first week.
There are myriad ways you can help assure that your property will stimulate excitement when it first hits the market. Here are several:"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.