In addition to its standard home loan program, the Federal Housing Administration (FHA) also guarantees loan options designed to assist applicants in improving a home they already own, or when one loan is desired for both the purchase and renovation of a qualifying home. Called the FHA 203k, this type of loan typically offers a less stringent […]
Sellers know that, in order to sell a home, many showings are often necessary. Many accommodations must be made so that interested buyers get a chance to take a good look at the home. Here are a few tips to help you maintain your priorities, keep your cool and make sure your home is in […]
The current combination of lagging real estate inventories and strong buyer interest have combined to create an excellent opportunity for home selling this year. In fact, according to recent market information, buyers in some areas of the country are having to dig deep and participate in veritable bidding wars against other, equally qualified buyers in […]
Getting a reaction from prospective buyers when they arrive to view a home is the goal among home sellers, as long as the reaction is positive. But if buyers step into a home for the first time and find themselves greeted by an overwhelming odor, their reaction is more likely to be simply crossing the smelly home […]
Historic homes often stir up a sense of nostalgia in buyers. Whether the home is associated with a famous person, an event, or simply has a beautiful architectural style and details, a historic home is an opportunity to buy a piece of history. What do you need to know before you purchase your own part […]
Sometimes, you buy a home only to realize that your life is taking you in another direction. If you have purchased the home within a year or two of selling it, you may have some benefits and disadvantages at hand. Here’s what you need to know. Financial Disadvantages Anytime you buy or sell a home, […]
When you sell a home, you may hear about making sure you don’t net too much in the sale, lest you become eligible to pay capital gains taxes. This guide explains the basics of capital gains taxes, and shows you how the tax law is applied for primary residences, vacation homes and investment properties. What […]
Not every buyer is looking for a new home that is tailored just for themselves, their spouses and their children. You may be in the market for a house that also provides living spaces for aging parents. With people living longer, your parents may no longer be able to stay in their own home. They […]
Gardens in the yard can boost a property’s curb appeal and make a home more attractive to buyers. Planting the right flowers and performing the right maintenance in the garden can turn a home’s flower bed into an asset during the home buying process. Plant Easy-to-Maintain Annuals Home buyers can be intimidated by gardens with […]
The Federal Housing Administration (FHA) was created in 1934. The administration’s goal was to provide loan insurance, reduce unemployment, and increase housing construction. The FHA does not make loans directly to borrowers; instead, it insures loans for borrowers that lending institutions may deem high risk based on credit score or low down payments. In the […]
