4 Ways to Keep Your Closing Process Moving

There can be plenty of delays on the road to closing on a home. Here’s how to steer around them and stay in the fast lane. Buyers and sellers typically plan to meet the closing deadline in good faith. In some parts of the country, there are no consequences for closing delays, while in others, a few days’ delay is allowed without ill effects. However, delays most often involve a monetary penalty or require some negotiation. One closing will frequently have an effect on many others. If a seller is simultaneously trying to buy a home, and their purchase closing can’t happen …

Surprising Home Buyer Incentives

Having trouble unloading your home? Consider offering buyers an unexpected treat to sweeten the deal. In up markets and down, there are always motivated sellers — those who want a quick or painless close, or just want to move the home. Incentives are common in buyers’ markets to make a seller’s home more desirable than their competition, but sellers also have to get creative in slower times of the year or in parts of town where homes don’t move quickly. If you have a home to sell, and you think it might be a tough sale, consider offering buyers something …

Facts About Using a Co-Signer on a Mortgage

If you’re thinking about buying a home with a co-signer, be sure you know what that means for both you and them. Do you need a co-signer to buy a home? To help you decide, let’s review the reasons you might use a co-signer, the types of co-signers, and the various requirements lenders have for allowing co-signers. When to use a co-signer Many young professionals ask their parents to co-sign while they’re ramping up their income. Other lesser-known but still common scenarios include: Divorcees use co-signers to help qualify for a home they’re taking over from ex-spouses. People taking career …

Ways to Buy and Sell a Home at the Same Time

With careful planning and a little luck, you can shuffle properties without taking on too much financial risk. For most people, the biggest financial transaction of their lives is buying a house — and it gets even bigger when you already own a home and are trying to buy a new one. Generally, there are three ways to manage this tricky situation. Sell first, then buy This scenario is the most common because it’s the most financially feasible. You start this process by selling your home, then getting pre-approved for your new home so you know how much you can afford. Your lender’s …

3 Ways to Protect Your Escrow Deposit

You’ve handed over a chunk of money to show your interest in a home purchase. Make sure you don’t lose it. You’ve made an offer on a property, the seller has accepted, and maybe you’re about to sign a contract. Now it’s time to put some money down to show that you’re serious about moving forward. The amount of money a buyer puts down (and when it’s put down) varies by state and local market. For many, it’s a few thousand dollars, up to three percent of the purchase price. In some parts of the country, it can be up to …

Get to Know Your Mover’s Paperwork

Focusing on contracts and lists can be tough when you’re dealing with all the other details of a move, but it’s worth the effort. If there is an aspect of the moving process that most people find to be even more painful than packing, it’s dealing with movers’ paperwork. Not understanding clearly all the terms and provisions of the various documents you need to sign when scheduling your move may cost you a lot of money, time and headaches. But moving paperwork can be a reliable tool that helps you achieve a smooth and trouble-free residential move. Estimates and quotes When you ask …

HomeServices of America® Announces the Acquisition of Berkshire Hathaway HomeServices Florida Realty

We are excited to share the following press release and announcement. For Immediate Release HomeServices of America® Announces the Acquisition of Berkshire Hathaway HomeServices Florida Realty  Acquisition expands HomeServices’ footprint in the Florida residential real estate market Minneapolis, Minn. (January 9, 2019) – HomeServices of America, Inc., a Berkshire Hathaway affiliate, today announced that it has acquired Berkshire Hathaway HomeServices Florida Realty, one of Florida’s leading residential real estate companies, and its affiliate title company–Florida Title and Guarantee Agency. Financial terms of the transaction were not disclosed. Berkshire Hathaway HomeServices Florida Realty serves 21 counties throughout Florida with over 40 locations …

The Home Buyers’ Guide to Getting a Mortgage

Understanding the loan process will put your mind at ease as you start down the road to homeownership. Buying a home can feel overwhelming, and a lot of that uneasiness can come from not understanding how to get a mortgage. This guide should help clarify the mortgage process and get you on the road to homeownership. Determine your affordability Before you start working with a real estate agent, it’s important to understand how much home you can afford. This will help you and your agent target your search, and you’ll avoid the heartache of falling in love with a property …

How to Negotiate Repairs After a Home Inspection

Most would-be buyers and sellers believe the real estate “deal” is negotiated at the signing of the contract. Most would-be buyers and sellers believe the real estate “deal” is done at the signing of the contract. In many cases, the deal-making and negotiations only start at the contract signing. Even in more competitive real estate markets, negotiations still happen once in escrow. Issues typically arise after the home inspection, and those issues tend to result in another round of negotiations for credits or fixes. Here are three buyer tips for negotiating repairs after a home inspection. 1. Ask for a credit for the …

Winning Tips for Buyers and Sellers in Sellers’ Markets

For sellers, success is all about managing the offers, while buyers must strategize and be prepared to compete. In a market with limited inventory and lots of willing and able buyers, we find a hot sellers’ market. Phrases such as “bidding wars” and “non-contingent offers” are music to sellers’ ears — and enough to scare a buyer into renting for another year. Here are some tips to make the most of a sale or purchase in a sellers’ market. Sellers still need to make the effort Just because it’s a sellers’ market doesn’t mean that the traditional real estate rules …