Tag: Homebuyers

Posted on 12/05/2021
Understanding Real Estate Contingency Types
In a home sale, there are many types of contingencies that might appear in the purchase contract. These special clauses provide ways for the buyer to back out of the sale if various conditions aren’t met. All contingencies are there to protect the buyer rather than the seller, but are usually up for negotiation depending on contract terms....
Contingency
Home Buying
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Posted on 07/12/2020
Is a Balloon Mortgage Right for You?
Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...
Mortgage
Financing
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Posted on 09/29/2019
What Is a BPO in Real Estate?
BPO stands for ‘broker price opinion.' It is associated with short sales and foreclosures. BPO involves a process that is almost the same as real estate appraisal but not as complicated. Banks and companies usually hire the services of a real estate broker to prepare an opinion of value for a particular real estate. The representative of the...
Finance
Homebuyers
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Posted on 08/11/2019
Strategies for Lowering Your Closing Costs
The closing cost is the last sum of money home buyers to pay after which there will be no further payment. The closing price can be surprisingly huge. This bill ranges from 3% to 6% of the mortgage. Do the math, and this means that the closing cost on a $300,000 home is around $9,000 to $18,000. It...
Mortgage
Closing Costs
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Posted on 06/23/2019
Small Investments Can Still Be Profitable
So, you want to buy a property and offset it with rental income, but a multi-family or apartment complex is a bit too rich for your bank account? No problem! Most of the steady increase in new renters comes from young millennials, and you can cash in on this increase as well by buying just a slightly larger...
Homebuyers
Real Estate
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Posted on 03/24/2019
Is It Really Like HGTV?
If you spend much time binge-watching House Hunters, Property Brothers, and Love It or List it, you may find yourself completely stunned by the actual process of buying a home and renovating it. And if you get your advice from House Hunters, can you narrow it to three? Reality television is great entertainment, but when it comes to...
Homebuyers
Renovations
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