According to an article on CNBC.com next year is going to be a great one for Real Estate.  It’s all about jobs, oil prices and interest rates that translate into more money in consumers’ pockets and more confidence. With gas prices declining it’s not only padding people’s pocketbooks, it’s fueling consumer confidence.  Any factor that ...

Selling in the 4th Quarter and Through the Holidays The fall months are no longer a Real Estate Dead Zone.  There is still plenty of action happening after Labor Day through Christmas. Fall officially began Sept. 23, but that doesn’t mean you should scrap plans for selling your home this year. In fact, October, November and December ...

Step 9 – Closing The closing process is also known as settlement.  Closing brings together a variety of parties who are part of the transaction.  At closing, transfer taxes must be paid and other claims must be settled (including closing costs, legal fees and adjustments.)  In most transactions the closing agent also completed the paperwork ...

Step 8 – Get Insurance The essential idea behind various forms of real estate insurance is to protect homeowners in the event of catastrophe.  If something goes wrong, insurance can be the bargain of a lifetime.  If you have a mortgage on your home, homeowners insurance will be a requirement of your lender, but even ...

Step 7 – Make an Offer A proposal to buy includes both the price and terms.  Terms can represent thousands of additional value or costs to the buyer and are extremely important. How Much? Determining the amount to offer depends on the basic laws of supply and demand: If many buyers are competing for homes, ...

Step 6 – Get Funding The cost of financing is often greater than the original purchase price of a home (after including interest and closing costs.)  Because financing is so important, buyers should have as much information as possible regarding their mortgage options and costs. What Kind of Loan? There are many kinds of loans ...

Step 5 – Choose a Home Choosing a home and making an offer is both exciting and a little scary.  If your offer is accepted, the place you’ve chosen will be your home for the next several years.  You not only need to feel emotionally satisfied, but financially comfortable that you’re buying a home that ...

Step 4 – Look At Homes Educating yourself on the local market and working with an experienced Realtor can help you narrow your priorities and make an informed decision about your new home. Start With Your Budget Before beginning your home search you should have a preapproval from a lender and an idea of your ...

Step 3 – Get a Mortgage Pre-Approval There is nothing worse than falling in love with a home and then finding you can’t afford it.  Consulting with a mortgage lender is the FIRST step you should undertake in the home buying process.  When you’re armed with the knowledge of what you can afford and what ...

Step 10 – What’s Next? You looked at homes, made an offer, obtained financing and gone to closing.  The home is yours!!!  Is there any more to the process? The papers you received at settlement are extremely valuable, so home on to them.  In the short-term they can help establish tax deductions for the year ...