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Buying A Home After Bankruptcy
If you're planning on buying a home after bankruptcy you'll want to read this article carefully.
Buying a home is probably the biggest purchase you will ever make. Having a bankruptcy on your credit report adds an extra challenge.
If you've...
Home Equity – Don’t Spend It On Risky Investments
The housing market has exploded in the last five years, and homeowners are finding that the equity in their homes is greater than it has ever been. The equity in a home is the difference between the market value of the home and the amount still owed...
Home Ownership, Financial Freedom, and Benjamin Franklin
On Home Ownership, Financial Freedom, and Benjamin Franklin
by Tom Levine
1. ON BENJAMIN FRANKLIN:
2. ON HOME OWNERSHIP:
3. On Financial Freedom:
4. ON THE...
Home Staging: How It Can Help Sell Your Home Faster
Home Staging is often done when you sell your home. Staging a home can bring you a much higher selling price.A home staging professional can be hired to tour your home and direct you to make the changes that will increase your homes...
Selling Your Home -- 11 Tips For Proper Preparation
Selling a home an be a daunting experience, especially if it's your first time. But with the right preparation, you can easily increase the likelihood of a sale -- and possibly increase your net proceeds as well.
Here then are 11 low-cost tactics...
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Real Estate Terms – From Home Inspections To Personal Property
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “home inspection.”
1) Home Inspection – an inspection of the condition of a home. They are done item by item, from roof to foundation, and include looking closely at things like plumbing, heating, air conditioning, sinks, tubs, and faucets, and any appliances which convey. The general concept is that the home inspector is trained to spot problems that typical Susie and Sammy Homebuyer are likely to miss. They are not usually intended to bring up discussion about items Susie and Sammy can easily see for themselves like the color of the wall paint or what the carpets look like.
2) Home Warranty Policy – an insurance policy which pays for repairs to the working systems (heat, air conditioning, plumbing, etc.) and appliance repairs during the first year of home ownership. Details vary. Usually there is a deductible amount. They can be bought by the buyer or by the seller for the buyer.
3) Limited Power of Attorney – a writing which gives another person the legal ability to act for and sign papers for the buyer or seller in
connection with the purchase and sale of a specific real property. (An example of this happened last summer when a friend of my son’s gave his wife a limited power of attorney to enable her to finalize the sale of their home after he left for Iraq with members of his National Guard unit. A happy postscript is that the young man has now returned home.)
4) Personal Property – appliances which are not built-in, play equipment which is not attached, furniture, plants in containers.
As you can image, there are many real estate terms for which you have a general understanding. In our next article, we continue with the terms starting with “Pre-Approval Lender Letters.”
About the Author: Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
Source: www.isnare.com
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