This category will have various tips to help you in buying a new property.

Being self employed can pose some level of risk to a lender. If you are planning to buy a home as a self employed borrower, you'll need to do some extra work to alleviate those concerns of the lender. The good news is that you can still get a loan. You'll just have to prove to the lender, like everyone else has to, that you can afford to make your mortgage payments. When you do this, you'll be able to find a loan that's right for your needs.

Prove Your Income

As a self employed individual, proving your income is the most important part of this process. You may not have accurate records or any records at all. Your income may change drastically from one time to the next. Or, you may not be sure you want to state just how much you earn. In short,…

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You've found the perfect home, and you are excited about the opportunities that it provides. You talk to your real estate agent and find yourself in a homeowners association. What does that mean, you wonder, to your ability to buy the home of your dreams? Homeowners associations are legally recognized entities that have some level of ruling over the associated area. In short, to buy a home here, you need to agree to the terms of that association.

The reasoning behind a homeowners association is to provide some level of control over the surrounding area. That is, you don't have to worry about purchasing a home and then having a neighbor next to you that doesn't take care of his or her property. These associations can take legal steps to force people into…

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saving_bank_400Buying a home as a real estate investment is not the same thing as buying a home to be your home.  You will be looking for different things as an investor than you would be as someone seeking their dream home.  This change of perspective is essential if you want your investment home to turn out to be everything you'd hoped for.

Identify What You Want

First of all, what are you hoping to get out of your investment home?  What type of profit are you looking for?  How soon are you hoping to get it?  These are the types of questions that you need to be asking so that you can target your search for this home appropriately.  You don't want to go in with the vague idea of wanting a real estate investment because then you could end up with the type of…

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Mortgage rules are changing. Today's home buyer will need to know what these changes are and how they impact their ability to purchase a loan as well as the types of loans currently available. You may initially think that this limits your buying ability, but in the long term, these changes will help ensure that home loans are safer for many people. Nevertheless, if you are buying a home, you need to know more about these new mortgage lending requirements and be ready for what they mean to you.

Self-Employed

One of the biggest challenges that will affect mortgage lending has to do with the self-employed. The new requirements will require more focus on proving earnings to ensure that the borrower actually has the funds available to maintain payments on…

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Choosing the right neighborhood when you are buying a home is almost as important as buying the right home.  The neighborhood can affect your happiness and peace of mind more than you might realize, so take some time to check it out before you make any final decisions.  The right neighborhood can sweeten the deal when you are looking at homes for sale or it can make those homes seem a lot less appealing.neighborhood_400

Identify What You Want

You probably know a lot of what you want in a neighborhood, so make a list of everything that you want it to have from its appearance to its location to what you want the neighbors to be like.  You can check out the number of children in the neighborhood and their ages if you want your children to be able to make friends nearby,…

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wrong_400_01It's scary to think about it, but people make a lot of mistakes when looking for a home.  Some mistakes make the search less pleasant, and others make it difficult to end up with a home that truly makes you happy.  Following are some of those mistakes that people make when looking for a home.  Hopefully, knowing these mistakes will make the process of searching for and finding the right home a little easier. 

Going It Alone

People searching for a home should never go through the process alone.  This refers both to the entire process of home shopping and to its components, like a single trip to check out a potential home.  You should bring your real estate agent along on every trip and along for every other action that you take on the way to home…

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sales__houses_400_01Bidding on a home is a delicate operation.  It is not only the offer that you submit but the way that you submit it that can make all the difference.  The following are mistakes that you should never make while bidding on a home.  Memorize them because they couldn't be more important.

Insulting The Home

Never insult the house for sale or anything about it.  The seller and their real estate agent both already know the details of the house.  You don't need to remind them of any of those details or point out their importance to try to drive the price down.  The seller knows all about the house and chose the asking price accordingly.  If you can work out a deal, that's great.  If you can't, move on.  But don't insult the house.

Not Caring About The…

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five_tips_400First-time home buyers are bound to have a lot of questions, and because buying a home is one of the biggest decisions most people will ever make, they should.  The list of questions is practically endless, but some of them get asked more than all the others.  Here are the top 5 questions that first-time home buyers ask and their answers.

Should You Hire A Real Estate Agent?

Yes.  That's the simple answer.  A real estate agent can help you every step of the way from looking for a home to buying a home, and this help is especially important for first-time home buyers.  Your agent can help you with everything from figuring out how much buying power you have to finding the perfect home to negotiating the many aspects of the deal.  Hire a real estate…

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saving_bank_400If you're planning to buy a house someday, like most people are, then you will want to take steps to make that process go smoothly when the time comes.  Your ability to put these pieces of advice into action will depend on how close you are to buying a home, but they are all good to keep in mind.  This is advice for future home buyers.

Take Care Of Your Credit

Not everyone realizes how much their credit history will affect them when they go to buy a house.  Good credit makes a world of difference when it comes to buying a home, so make sure you have it.  This means you want to pay all your bills on time.  This includes credit card bills, utilities, rent, car payments, and such.  If you have fallen behind, then do what it takes to catch up, and start…

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log_cabin_400Finding the perfect home for sale is more a matter of preparation than of luck.  If you take the proper steps, then it is almost guaranteed that you will find the perfect house, and you will be well on your way to home owning bliss.  The following steps are ones that everyone should take when they are trying to find a home.

Take Time To Make A Detailed List

There is almost no such thing as being too prepared when you are trying to find a home.  Keep that in mind as you make a detailed list of everything that you want in a home.  If you wish, you can also include anything that you definitely do not want in a home.  Having copies of this list with you when you see houses will allow you to check off everything as you see it so that you don't need to try…

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