5 Facts Home Buyers and Sellers Should Know About Credits

No matter which side of the transaction you’re on, you don’t want to give up more than you have to. After months of searching for the perfect home, making some offers, and maybe even competing with other buyers, you finally have a deal on your dream home. It took some negotiations, but you and the seller have come to terms. Or have you? Too often, getting a signed contract and putting your money into escrow is the beginning of what can become yet another round of negotiations. Here are five things every home buyer and seller should know about last-minute …

How to Make a Competitive Offer Against All-Cash Home Buyers

Buyers who aren’t paying cash for a house aren’t necessarily out of luck. Here’s how you can gain an edge over cash buyers. Buyers making a cash offer on a house are active in many markets, and they can strike fear in new buyers who are bidding on a home. Cash home buyers can perform and close quickly and provide sellers with a sense of comfort. But does this mean a solid buyer putting down 20 percent or more shouldn’t attempt to compete with cash home buyers? Absolutely not. What if you can’t make a cash offer on a house? …

What Happens When a One-of-a-Kind Home Needs a New Owner?

It’s essential to have the right marketing plan, pricing strategy and real estate agent. When shopping for a home, it’s not uncommon to come across one that truly stands out. It’s not because the home is an old fixer-upper or that it’s a newly renovated home with a designer kitchen. It’s a home that’s architecturally significant or in some way conveys a “different” attribute. For instance, it might be a castle, a church or even a fire station that has been converted into one or more living spaces. With an unusual home, pricing and marketing can be a challenge. Here are three things to keep …

The Huge Risk Home Buyers Take When They Waive Inspections

When you’re trying to make your offer as attractive as possible, skipping the inspection may seem like a good idea. Here’s why it’s not. If you’re buying a home in a competitive market and your offers keep getting beat out, you may be tempted to resort to desperate measures. In addition to offering more than the asking price or a quick closing, some buyers agree to waive inspections. This is never a good idea. The home may look OK to the naked eye, but it’s what’s beyond the surface, or items that you can’t identify as problematic, that cause the biggest …