Buying a Home

We recently worked with a buyer who wanted to purchase one of our listings. Our listing was going off the market, and they called us in a frenzy wanting to see our listing so that they could place an offer while they still had a chance. Why did they call the listing agent? They claimed [...]

In this tough real estate market, the number of distressed homes has increased dramatically. I’ve written previously about the different types of distressed properties, which include pre-foreclosure, short sale, trustee sale and bank-owned properties. One of the property types that we are seeing more of these days is a “short sale”. Stated simply, a short [...]

Your life situation is changing. Maybe you are getting married or maybe there are kids on the way. You’ve been eyeing up a new house to accommodate the new situation, but you’ve been hesitant to buy because the real estate market has been struggling, and you’re worried about prices continuing to decline. Why should you [...]

 I have a friend who loves the Dollar Store. He is lured in by anything that is really cheap and can’t resist the urge to buy something. We sometimes see our buyers having a similar mindset when buying a home. Short-term this may get them a great deal on a home, but long-term I’m not [...]

With the struggling economy and real estate market, there are quite a few homes on the market that are in some form of “distress”. With a job loss or reduced income, distressed sellers may no longer be able to pay their mortgage, foreclosure may be imminent, or perhaps they owe more the the property is [...]

 Thinking about buying a brand-new home? There is definitely an allure to buying a sparkling new home that no one has lived in. You get a home with few maintenance concerns, plus the builder usually provides a warranty to help you with any initial problems that come up. Negotiating the purchase of home from a [...]

In today’s real estate market, there are a variety of opportunities for home buyers, including homes that are being sold by financially-distressed sellers. One such opportunity is to buy a “short sale”. A short sale is a home being sold for less than the bank is owed. Banks are willing to sell for less than [...]

With tax time upon us once again, it is important to point out a great tax credit that is available for first time homebuyers this year. This was enacted as part of the Housing and Economic Recovery Act of 2008 and is designed to help lessen the financial impact of buying your first home. If [...]

In the midst of a struggling economy and struggling real estate market, we have had an interesting week with two of our buyers, losing out on properties that had multiple offers. Yep, we just had two bidding wars in one week! Is this a sign of the market turning in favor of sellers? Not likely, [...]