While there may be many mortgage programs for homebuyers they usually require a history of good credit, a steady job and often some money in savings. Filing for bankruptcy, however, puts the homebuyer in a totally different situation.
Declaring Chapter 7 or Chapter 13 bankruptcy is often devastating. …
Looking for the right home is not the only important thing that you need to consider during the process of home buying. You also need to factor in the location of your future home. Safety, accessibility, and your personal preferences all play a vital part in finding the …
If you’re a first-time homebuyer in Northern Virginia, feeling overwhelmed about the challenging task at hand is pretty normal. In fact, I get a lot of worried buyers who think that getting their dream home would be either too pricy or close to impossible. The truth is, it …
Having your home appraised is when an expert evaluates your house to determine a reasonable and fair estimate of its current value. If you're looking to buy a home and you have already found the perfect house, your lender will require you to do this. This is so …
As a prospective homeowner, you should ask yourself many questions about your current situation and about where you see yourself in the coming years so that you’ll know if buying a house is truly right for you.
How long will I stay in this area?
Maybe you …
The Home Buying Process doesn’t need to be complicated. These five important elements can help you understand what needs to be done before, during, and after the transaction.
Getting Pre-approved before Looking
It’s important to know how much you can afford, what type of down payment to …
Real estate market is a price-driven industry that can easily warp unsuspecting victims into its tricky web of uninterested buyers, overpriced houses, and to an unending cycle of high expectations and disappointments. So if you’re a home seller, it’s my job to make sure that you know the important …
When real estate markets are moving quickly, sellers sometimes become uncompromising. Why make concessions if your home is leading the neighborhood's Ms. Popularity contest? This may lead buyers, caught in the frenzy of a bidding war, to become reckless, yielding one of the most important aspects of the purchase …
Do you have a new job? Are you looking to move? Are you self-employed? Do you have your own business? if you meet any of these criteria, you might be qualified for a deduction. Yes, you read that right. There are some items that can be deducted …
Many first time homebuyers assume that buying a home is pretty easy for as long as you have the budget for it. This is actually true for as long as you are familiar with the home buying process. This procedure can be complex, which can be overwhelming and stressful …