Your Property Wish List

 What does your future home look like? Where is it located? As you hunt down your dream home, consult this list to evaluate properties and keep your priorities top of mind.  Neighborhoods  What neighborhoods do you prefer?  Schools  What school systems do you want to be near?  Transportation  How close must the home be to […]

Why You Should Work With a REALTOR®

 Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are five reasons why it pays to work with a REALTOR®.  1. You’ll have an expert […]

What’s a Home Warranty?

 A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the […]

What You Can Do to Improve Your Credit

 Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:  1. Check for and correct any errors in your credit report. Mistakes happen, and you could be paying […]

What to Have on Hand for the New Owners

 Owner’s manuals and warranties for appliances left in the house.  Garage door opener.  Extra sets of house keys.  A list of local service providers — the best dry cleaner, yard service, plumber, etc.  Code to the security alarm and phone number of the monitoring service if not discontinued.  As a courtesy, you could provide numbers […]

What to do if you’re facing a Short Sale

 If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and […]

What Not to Overlook on a Final Walk-through

 It’s guaranteed to be hectic right before closing, but you should always make time for a final walk-through. Your goal is to make sure that your home is in the same condition you expected it would be. Ideally, the sellers already have moved out. This is your last chance to check that appliances are in […]

What is Appraised Value?

 Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ.  For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.  Appraised […]

What if the Property Is a Short Sale?

 Are you looking to buy a new home? Are you thinking that now’s a great time to find bargains? Before you make an offer, it pays to know a little about the seller’s situation.  If a home is being sold for below what the current seller owes on the property—and the seller does not have […]

What a Home Inspection Should Cover

 Home inspections will vary depending on the type of property you are purchasing. A large historic home, for example, will require a more specialized inspection than a small condominium. However, the following are the basic elements that a home inspector will check. You can also use this list to help you evaluate properties you might […]