A downpayment gift? Be careful (12/2/2016)
Many first-time buyers receive downpayment assistance from family or friends, but they must follow specific guidelines to avoid trouble down the road.
Realtors need to understand smart home technology (12/1/2016)
According to NAR’s first-ever smart-home report, 15% of Realtors say buyers are already asking specific questions about smart-home home technology.
7 ways to add curb appeal for potential buyers (11/22/2016)
Sellers can take steps to make their home stand out from the start, including installing a fence or painting the front door with a pop of color for a focal point.
What’s the luckiest list price? (11/21/2016)
Maybe one with the No. 8 in it: Realtor.com found about 178 listings so far this year priced at either $888,888 or $8,888,888, perhaps to attract Chinese buyers.
Buyers of new homes say complaints often ignored (11/18/2016)
While “buy new instead of a resale” sounds like smart advice to avoid surprises, even new homes have issues – and some say builders may not fix them fast enough.
Buyers: Does the marble test really work? (11/17/2016)
Should buyers reject a listing simply because a marble rolls on an uneven floor? Probably not – but a level that finds more than a 1/4-inch tilt might be worthy.
86% of buyers don’t know what a CLUE report is (11/16/2016)
If a seller made multiple property insurance claims, buyers could end up paying surprisingly higher premiums – but only 12% request a CLUE report.
Landscape inspections? They might be important (11/14/2016)
Does the gutter drain water efficiently? Could nearby trees harm the foundation? Is the septic system working? A landscape inspection can offer peace of mind.
What if a possible listing has a reverse mortgage? (11/9/2016)
A reverse mortgage, part of HUD’s HECM program, is insured against loss by the FHA – but various programs could affect a potential home sale in different ways.
Your buyers’ nemesis: Student debt, high rent (10/24/2016)
Study: 53% of potential homebuyers with student loan debt say the debt is “somewhat” or “very much” an obstacle to them buying a home, up from 49% in 2014.
How to transform a fixer-upper (9/19/2016)
Investing in fixer-uppers requires a leap of faith and a vision of what the home could be. Turning real estate lemons into lemonade requires skill and patience.
4 common homebuyer oversights (8/31/2016)
Buyers often have a laser focus on mortgages and monthly payments, but they should also spend time studying HOAs, ownership expenses and neighborhoods.
Some rent-to-own agreements questioned (8/23/2016)
Rent-to-own contracts don’t follow the same legal rules, and not enough buyers talk to a real estate lawyer or home inspector before they sign an agreement.
Buyers want to build a home? It’ll take 7 months (8/17/2016)
Census Bureau: In the U.S. region that includes Fla., it takes about six months to build a new home plus 27 days for a permit to clear after contract signing.
Tight inventory could extend spring selling season (8/15/2016)
Parents like to home shop in the spring and close in summer to maintain school stability – but with fewer houses on the market, some may still be looking.
Turn renters into buyers by allaying their fears (8/8/2016)
About 7 in 10 renters fear homeownership. The reasons vary – but most focus on money, such as potential repair costs (36%) and the financial commitment (35%).
Buyer tech tools: Nearby jobs or commute times (7/8/2016)
How long would it take to commute to work from this listing? There’s a tech tool for that. How many nearby jobs are within walking distance or accessible via public transportation? There’s a tool for that too.
How to upsize on the cheap (7/1/2016)
It’s possible to buy a bigger home without paying big bucks. It may take more time or labor, but there are opportunities, especially for DIY buyers.
In a bidding war, the winning buyer is well armed (6/27/2016)
Many buyers with school-age children want a house immediately. Winners tend to be preapproved, and while personal letters can help, they’re no guarantee.
Avoid buyer remorse from commuting woes (6/22/2016)
As they search for a home, would-be buyers should weigh the average commute time for each property and consider the pros and cons, costs and more.
What happens to a home when couples divorce? (6/13/2016)
A divorcing couple’s home sale can be messy. In most cases, couples can sell and split the profit, buy their spouse’s share outright or negotiate a delayed buyout.