The differences between pre-foreclosures, foreclosure auctions, and REO foreclosures (real estate owned) is that each one is a step in the foreclosure process instead of being a type of foreclosure. Each one of these steps follow one another and each one has opportunities for you to save your house, although they diminish as each progression …
Pre-Foreclosure, Auction, REO: What’s the Difference? Read More »
An FHA loan is a type of mortgage that is insured by the Federal Housing Administration (a department of HUD) that you can apply for for at local banks and/or credit unions and use towards buying a new home, fixing up a house you already own, or a combination of the two. FHA loans can …
Have you received a cash offer on your house and aren’t sure what to do? We can help. When you receive a cash offer, it means that the buyer has cash-on-hand and wants to purchase your home without a mortgage. The major benefit to accepting a cash offer on a house is that you won’t …
What is a Cash Offer on a House? Should You Consider It? Read More »
Whether you’re looking to invest and earn a profit, or you are shopping for your new home, choosing between a townhouse vs. a condo doesn’t have to be a hard decision. Both property types are great options, and if you’re stuck, we’re here to help you make the right decision based on your situation. Below …
Townhouse Vs. Condo: Which is a Better Investment and Why? Read More »
While shopping for a home, you may come across a property owned by someone that lives overseas. If you purchase a home from a non-US resident, and they don’t pay the income taxes or capital gains on the property, you could end up responsible for the amount. But don’t panic! This is where the 8288 …
An Easy Guide to 8288 Tax Forms And Why They Matter Read More »
A traditional mortgage isn’t always an option for everyone. If you need time to build up your credit score, have more time to save for a down payment, or you know exactly where you want to live, a rent-to-own home may be an option for you. But what are they and how do they work? …
Rent-To-Own Homes: What They Are And How They Work Read More »
You’re purchasing a home and are in the midst of negotiations when all of a sudden a real estate purchasing agreement is handed to you. Don’t panic, a real estate purchasing agreement is a standard document that you and the seller must sign before going through with the sale of the home. This post will …
A probate sale in real estate occurs when a homeowner has died without a will and the property is being sold in order to liquidate the asset. A probate sale can also involve a homeowner dying that owes significant debts. Any properties that the person owned are sold to pay off their creditors if the …
The difference between real estate taxes vs. property taxes is that real estate taxes are what the city or municipality you live in charges you for your property and based on the fair market value of your home, while property taxes are related to any moveable items you own. Examples of this include furniture, cars, …
Real Estate vs. Property Tax – What’s the Difference? Read More »
Congrats on making the decision to buy your first home! And now that you’re ready, it’s time to look at the first steps to buying a house. To help you through the process, below you’ll find a helpful workflow complete with tips to prepare yourself in order to speed the process along for an easier …
The First Steps to Buying a House and How to Prepare Yourself Read More »
