Archive for Buyers
HOA’s: What You Need To Know About Rules
Lobbying for change in your homeowners association’s rules requires procedure, compromise and perhaps joining the board.
NJ Tax Credit for 2010
If you are not aware of it yet, New Jersey Assembly passed a tax credit bill in May for new homeowners. New homeowners purchasing a home in 2010 will be eligible for a tax credit worth either $15,000.00 or 5% of the purchase price, whichever is less. This will be spread over a 3 year [...]
How to Eliminate Mold from Your Home
A mold remediation will typically take a few days, depending on how extensive the mold growth is. Image: QuicDry
If you’ve found mold growing in your home, what you should do next depends on where you find it and how much there is. But eliminate mold promptly, because delay can mean an [...]
6 Tips for Buying a Home in a Short Sale
When sellers need to sell their home for less than they owe on their mortgage, they’re shooting for a short sale. Short sale homes can sometimes be bargains, but only if you do your homework, stay patient, and remain unemotional during the sometimes lengthy and difficult short sale process.
Here are six [...]
5 Tips for Buyng a Foreclosure
1. Choose a foreclosure sale expert
2. Be ready for complications
3. Work with your agent to set a price
4. Get your financing in order
5. Expect an as-is sale
6 mistakes homebuyers make when buying a home
1 – Know your credit score – The lower your score, the more it will cost to borrow money from the bank.
2 – Buy a car before you buy a house – Purchasing a car or other big ticket item can affect your credit score.
3 – Skimping on a home inspection – Never buy a [...]
Short Sale or Long Sale?
One of my colleagues was recently on the Fox 29 News with this segment regarding an unfortunate issue with a client purchasing a short sale. Its a good information piece for buyers interested in purchasing short sales.
Buyers Beware!
If you are a buyer looking to cash in on the home buyer tax credit, watch your time line. You will be amazed at how soon April will be here and you need to be under contract by April 30th and close in June.
With everything associated with buying a home and so many ways [...]
Fannie Mae to Offer Closing Costs on Foreclosed Properties
In order to liquidate the inventory accumulated from foreclosures, Fannie Mae announced that it will assist buyers of qualified properties up to 3.5% in closing costs or equivalent amount to purchase new appliances.
Fannie Mae also created a site to help sell their inventory of foreclosed homes, HomePath.com
Note: Fannie Mae is a government controlled company who [...]
