After your offer on a home is accepted, one of the necessary first steps is the title search. If you’re getting a mortgage, the lender will typically order it. The purpose of a title search is to find any claims or liens on the property or other issues that would...
Year: 2020
Is a short sale an easy purchase? Is it worth it?
Buying a short sale can be a great way to get a property at a low price. However, it is a risk. While the sellers are trying to avoid going into foreclosure, their mortgage lender still has to agree to take less for the home than it is worth. Short sales seem like...
Is it better to buy a home than it is to rent?
You may aspire to a home to call your own. With mortgage rates continuing to trend downward, homeownership may very well be within your reach. However, you may wonder whether owning a home is better than renting an apartment. Whether one option is indeed “better” than...
Don’t ignore post-possession terms when buying a new home
When you finally find a house you want to buy, you probably feel very eager about taking possession of the property and moving into it. However, the seller may need to stay in the home until they close on their new house or finalize everything for a long-distance...
Why do I need a lawyer for my real estate transaction?
If you’re thinking of buying real estate, it can be incredibly helpful to have an experienced legal team on your side. You want to protect your investment and the future plans you have for that property, and working with a lawyer gives you an edge you simply could not...
The importance of home inspections before buying a house
Purchasing a home is likely one of the most significant investments you will ever make. As such, the expense associated with buying a home can cause people to save money elsewhere. It may seem fruitless to have to pay a home inspector on top of everything else....
How do short sales work?
When you bought your home, you likely financed it at a rate that fit within your budget at the time. Yet, if your circumstances changed – or if you refinanced your home – you may find yourself unable to keep up with your mortgage payments. Since you will want to avoid...
How can I get an accurate estimate on a home’s value?
Warm weather isn't the only thing heating up Arizona. Homes across the state are starting to see a substantial increase in property value. This comes as more Americans migrate to the Grand Canyon State to avoid cold weather and high taxes. According to Zillow, home...