With foreclosure rescue scams widespread as more homeowners fall behind on mortgage payments, be smart if you seek help.
A record high 2.8 million properties were hit with foreclosure notices in 2009, putting even more Americans at risk of facing foreclosure rescue scams. Homeowners who fall behind on mortgage payments need to tread carefully when seeking assistance, since foreclosure rescue scams come in many guises. A day spent researching legitimate options, from a mortgage modification or principal forbearance to a short sale or deed-in-lieu, could keep you from becoming a scam victim. Continue reading →
Buyers only get one first look at a property, and they donāt want to use their imagination. They assume the house they see is as good as itās going to get. If you want your home to sell, step out of your comfort zone and think like a buyer. Here are three ways to help you turn your house into the home of someone elseās dreams. Weāve broken down each category into low-cost, āBasicā tips and tricks, and an āAll-Outā blow-the-budget transformation. How far you take it is up to you. Continue reading →
Ask detailed questions about their experience and skills to help you find the right agent for your home sale.
Working with the right real estate agent can mean the difference between getting prompt, expert representation and feeling like youāre going it alone when selling your home. Here are 10 questions to ask when youāre interviewing agents. Continue reading →
Have a plan for reviewing purchase offers so you donāt let the best slip through your fingers.
Youāve worked hard to get your home ready for sale and to price it properly. With any luck, offers will come quickly. Youāll need to review each carefully to determine its strengths and drawbacks and pick one to accept. Hereās a plan for evaluating offers. Continue reading →
According to a study conducted by the National Association of Realtors (NAR) and the American Society of Home Inspectors (ASHI) in 2001, 97 percent of home buyers who received home inspections believe they received a good value for their money. A homeās history gives it character and charm, but also takes a toll.
Over time, roofs sag, mortar cracks, and furnaces lose efficiency. Beyond this normal wear and tear, older homes can harbor mold, water damage, termites, or other structural threats that can cost tens of thousands of dollars to fix. Continue reading →
A home is the single biggest investment most Americans will ever make. Protecting that investment is not just a legal responsibility, but the smartest move you can make. Here are 7 tips for getting the most out of your homeowners insurance for the smallest premium.
Your first home purchase is exciting, but it can also be stressful. Here are some tips to limit the trauma and help you find the home of your dreams the first time around.
The most important step in selecting a home is knowing how much you can spend. If you already use an electronic budgeting system, youāre ahead of the game. If not, track your expenses for the past several months to a year. Try to quantify the āgray areasā of cash withdrawals that disappear on small purchases. Now add up your current rent and other related expenses. If youāve been saving money toward your down payment, note that, as well. Finally, ask yourself where you can tighten your belt with your existing discretionary purchases. This is the maximum amount you could pay per month. Now ask yourself if this is reasonable, given your current savings and possible expenses. Only you know the answer to that. When youāve arrived at a comfortable number, write it down, and save your calculations. Youāll take this to the bank when you apply for loan preapproval. For now, you have an estimated payment you can use while shopping online. Continue reading →
Be sure youāre walking away with all the money youāre entitled to from the sale of your home
When youāre ready to close on the sale of your home and move to your new home, you may be so close to the finish line that you coast, thinking thereās nothing left for you to do. Not so fast. Itās easy to waste a few dollars here and for mistakes to creep into your closing documents there, all adding up to a bundle of lost profit. Spot money-losing problems with these seven tips. Continue reading →
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