Category: First Time Home Buyers

Possible Extension of Tax Credit Deadline for New Home Buyers



June 30, 2010Missed Your Closing Deadline for the Tax Credit?  Don’t despair; you may still get the credit you deserve! Are you one of about 180,000 home buyers that went into contract by April 30th but may miss the tax credit because you haven’t closed yet?  Because of the popularity of the tax credit, lenders and appraisers have experienced closing delays.   If this is affecting you, there is good...

Top Four Things You Should Know About Your Buyers Contract



June 30, 2010When you are buying a home, you will sign several contracts.   If you are working with a buyer’s agent, you will sign a buyer agency agreement.  When you have found a home you would like to buy, you will sign a buyers contract, or contract to buy and sell real estate. 1.   Understand the finances set in your buyers contract. Your buyers contract will define your purchase price and terms...

Home Viewing Advice: Tips For Finding Your Dream Home



June 25, 2010Develop a "Dream Home List." My husband and I had developed a list of characteristics to help find our future home when we first started house hunting.  We defined “must” haves and “want” to haves.  The list included everything from price range, to age of home, to location, to basic floor plan.  We each wrote our own list, without consulting the other, and then combined lists to come...

Buyer Closing Costs: The Basics



June 23, 2010What are buyer closing costs? Another term I didn’t know before beginning our home search was “closing costs.” Closing costs means more money that you have to scrounge up to buy a home on top of the down payment.   This term will come up when you are looking for a loan or making an offer on a home.   There are several decisions you can make regarding how you pay your closing...