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Win Bidding Wars by Understanding the Terminology

Record prices in the housing market are easing up, but bidding wars continue in competitive areas. Silly misunderstandings or misinterpretations of real estate language can cost you the house of your dreams and you could find yourself back at square one in your search. Take time to learn key terminology and you may be well on your way to moving into your new home.

There is a distinction between the terms “highest and best” and “best and final,” used to describe the kinds of offers a buyer should know when purchasing a home. Knowing the differences and some tips to help you get the best deal will help you navigate the home buying process. Read on for the definitions — and for insight on the subtleties of each so you won’t lose out on your new home.

Know the Pros and Cons of Shopping for a Home Online

home shopping

It’s okay to begin shopping for a new home online, but at a certain point you will need to take that search into real life. Online searches can simplify some tasks but be aware of some downfalls to spending too much time internet shopping, especially in today’s market.

Buying a Home While Selling

buying a home while selling

It can be exiting to buy a new home. However, if you are trying to sell a home at the same time as buying it can be stressful, especially if money from your current home’s sale is needed to put toward your next home. However, with a little planning and working with a savvy real estate agent can ease the process for both of these transactions.

To keep your sanity intact, here are some tips to help you manage the process.

Understanding a Buyers Comparative Market Analysis

Buyers CMA

A comparative market analysis, commonly abbreviated as CMA, is a report we prepare to help determine the value of a home. The report analyzes three or more recently sold properties similar to the home in question, usually chosen based on their similarities in size, location, age and quality.

CMAs are a valuable tool that you, as a buyer can use to ensure you are making a competitive offer on a home. CMAs are also used by sellers to help determine an accurate listing price.

Can you buy a home with bad credit?

financial troubles

Tips to obtain or fix your credit to buy a home It used to be that only people with the best credit would qualify on their own to buy a home. Today, there are plenty of options for people with less than desirable credit scores, below 700. If poor credit or a low score has … Continued

Mortgage Rates Forecast for 2020

Mortgage Rates 2020

What Will Mortgage Rates Do in 2020? We don’t have a crystal ball, but there are data sources that help predict what mortgage rates will do in the near future. In review, 2019 was an outstanding year for mortgage rates, and mortgage shoppers can expect to still find great value going into 2020. If you … Continued

Creative Ways to Save for a Down Payment

passive income

9 tips for developing passive income to help buy a home  Dreaming of home ownership or purchasing a different home, but having a hard time saving money from your paycheck every month? People that are more successful with meeting financial goals, like saving for a down payment, invest time into making their money work for … Continued

First Home Purchase? Here’s 10 Great Tips!

First time home owners

Do these things before starting to look for your first home Are you ready to buy your first home? Home shopping is fun and exciting, but it can also be overwhelming. Ideally, everyone wants an affordable home that they love, but there is more to that idea than many people realize. Unfortunately, many first-time buyers … Continued

Our Best Tips for Buying in a Sellers Market

buying a home

The market is challenging, but we can help Great interest rates mean it’s a favorable time to buy a new home. But if you have started the hunt, you may have already run into a few obstacles. Low inventory means houses do not stay on the market long. If you do put in an offer, … Continued

Buying a House? How’s Your Credit?

Couple checking credit score

The first step in home buying- Check your credit. Before you start looking for a new home, take a look at your credit, and understand where you stand financially. Credit scores are symbols of your ability to repay debts. Mortgage lenders look at this number first when reviewing your credit worthiness. If you are applying … Continued