Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...

In a home sale, both the buyer and the seller have to pay what are called closing costs. These final expenses include an entire list of taxes, fees and other miscellaneous costs. While sellers usually pay some of the closing costs, buyers still need to prepare for their share of the bill. Here we’ll go over what the...

Buying a new home is something to which a lot of people look forward. Although it involves a lot of planning, stress and negotiating, the sense of fulfillment that comes when you finally move in is always an extraordinary feeling. However, at the same time, buying a new home is more than just signing some papers and moving...

House hunting in your hometown can lead to a false sense of confidence. Knowing the lay of the land, best routes to commute and the quality of schools are all advantages. Yet, these can lead to assumptions which may cause you to miss out on hidden gems. Existing houses that have not been on the market in several...

Are you planning to buy a home? There is a chance that you will need a mortgage to finance the purchase. You can get mortgages from credit unions, banks, or other financial institutions. The fact is that you must meet some basic qualifying criteria before you qualify for a mortgage. Depending on the lender, there are different requirements...

Contingency in real estate means an agreement of sale that must take place to continue the transaction. There are numbers of options that buyers can include in their contracts. Below are five common home offer contingencies to consider: Inspection contingencies Inspections are of great benefit in the process of buying a home. They enable the buyer to know...

You’re moving into a new home and have all kinds of ideas about new furniture pieces, arrangements, art, and organization. Knowing this, you also know that you’ll need to pare down the items you’re bringing from your current home. Nowadays, there are myriad ways to sell your unwanted belongings. The classic garage sale, or estate sale, is still...