Buyer Tips
Home Financing Challenges
October 22, 2010 by dianeconaway · Leave a Comment
You hear the dismal news everyday, lenders are in not lending, home values are falling, foreclosures are at an all time high and you may wonder how the mortgage crisis affects you. Record low interest ratesare getting alot of attention and many potential homebuyers are wanting to know, is now the time to buy a new home? It could [...]
Home Inspections vs Home Appraisals – Understanding the Difference
October 7, 2010 by dianeconaway · Leave a Comment
If you are a first time homebuyer, be prepared to learn a lot of new lingo – fast! Two of the most commonly misused terms in the home buying and selling process are inspection and appraisal. A home inspection is not the same as a home appraisal, and you’ll need both. The home appraisal assesses [...]
Don’t Be A Victim Of Real Estate Scams
September 30, 2010 by dianeconaway · Leave a Comment
The real estate crisis has affected many homeowners in the last few years but it has also opened the doors for scammers to take advantage of those who are most vulnerable. The FBI has reported that mortgage and real estate scams are on the rise. In face, their reports estimate that between $4 billion to $6 [...]
What Homebuyers Are Really Looking For
September 16, 2010 by dianeconaway · Leave a Comment
In our current real estate market, new home buyers are much more specific with what amenities they are looking for in a home. They of course have the upper hand in this buyers market as the home inventory is overwhelming and the competition is stiff. However, most are not just looking for large, fancy kitchen or [...]
Lenders Tightening Requirements-Expections Are A Thing Of The Past
September 2, 2010 by dianeconaway · Leave a Comment
The sluggish economy along with the difficult real estate market and increase of loan defaults in the last few years have caused lenders to rethink their mortgage application requirements. Recently the loan application process for new home purchases has become more and more complicated with paperwork and delays. In recent months lenders have been subject to increasing federal lending guidelines that demand [...]
Tax Credit Deadline For Military Personnel Extended
July 22, 2010 by dianeconaway · Leave a Comment
Military personnel who missed the deadline for the The Home Buyer Tax Credit now can take advantage of the credit thanks to an extension. The deadline for the at large credit was April 30th to have a binding contract and June 30, 2010 to close on the home. The closing date deadline has now been extended [...]
Debt to Income Ratio Explained
May 27, 2010 by dianeconaway · Leave a Comment
If you are a potential homebuyer who is planning on applying for a mortgage, it is important that you are familiar with what a debt-to-income ratio is and how it can affect your loan. Debt-to-income ratio is a comparison of the money you earn to the money you owe. It includes credit card debt, existing mortgages, auto [...]
Don’t Shop For A House By Price Alone
May 13, 2010 by dianeconaway · Leave a Comment
If you are a homebuyer, you picked the perfect time-excellent interest rates, amazing prices and a large inventory of homes to choose from. Even though the odds are in your favor, the average time a homebuyer shops for a new home can be up to ten weeks. Most buyers are typically driven by price and want to achieve [...]
House Hunting Do’s And Dont’s
May 6, 2010 by dianeconaway · Leave a Comment
Searching for a new home can be an exciting time, but it can also be time consuming and at times frustrating. Even if you know exactly what you’re looking for, you may look at several homes until you find the one for you. Making the most of your time is key to finding the house [...]
Springtime Homebuying
April 8, 2010 by dianeconaway · Leave a Comment
With the onset of Spring , it not only brings warmer weather but the spring and summer months are traditionally the busiest times of year for the residential real estate market. Although the current real estate market has many homesellers dealing with fierce competition, buyers are enjoying some amazing homes at great prices. If you’re [...]
