Archive for 'Buying' Category
If you are making a cash offer on a home, make sure you have the cash available.
We recently had a bank cancel a contract entered into with one of our buyers when it became clear the buyer did not have the cash readily available to close. If you are planning on paying cash for a home it is important to make sure you have the cash available to close on the transaction. A cash offer subject [...]
Why would a seller request backup offers?
It is not unusual for a home buyer to discover a home that is under contract and the seller has instructed their listing agent to note in the MLS that backup offers are requested. Why would a seller request backup offers? Backup offers may be requested because of a variety of reasons including: The seller has concerns about their buyer’s [...]
If you think you do not need a home inspection, think again.
There is no legitimate reason I can think of to waive having a home inspection when purchasing a house. The cost of the inspection prior to closing could save you thousands of dollars you might otherwise have to pay out for unseen damage or problems that need repaired or replaced. Why would a buyer take [...]
Buyers and sellers should make sure everything is in writing.
When I speak with a buyer and/or seller one of the things I will say to them just before they sign any paperwork, contracts or disclosures is if there is anything I or anyone has said that is influencing you to buy/sell, please make sure whatever that is, you have it in writing. I [...]
Make sure when purchasing a home you buy a home with plenty of closet space
An important feature to consider when purchasing a new home or making plans to build a home is the amount of closet space in the home. When you view a home the seller will have staged the home by clearing out the closets in order to make the space appear spacious. You should picture in [...]
Final week is here if you plan on taking advantage of the home buyer tax credit!
We are now heading into the final week of the Government’s home buying tax credit program. First time home buyers and repeat buyers have until April 30th to negotiate and have an offer accepted between them and the home seller. Since this is the final week you need to make sure all of your [...]
Home buyer tax credit extended for some in the U.S. Armed Forces
The first time home buyer and long term resident tax credit are scheduled to end for most home buyers on April 30, 2010. However for some members of the U.S. Armed Forces the time to purchase a home in order to qualify is extended. According to IRS Publication 3 “Armed Forces’ Tax Guide”, the [...]
64 percent of those who responded to a Fannie Mae survey think it is a good time to buy a house
In a recent survey conducted by Fannie Mae 64% of those who responded believe now is a good time to buy a house. Viewing housing as a safe investment the majority of those who responded would rather own than rent. This may be good news for the housing industry across the country. With the home [...]
If we do not close by April 30th will we miss out on the home buying tax credit?
Real estate agents, buyers and sellers need to be aware that the first time and long time owner tax credit is scheduled to end on April 30, 2010. Does this mean that a qualified buyer must close on the home they are purchasing by April 30th or lose out on the tax credit? No, [...]
Vermont receives grant to build energy efficient homes
HUD is awarding the State of Vermont $250,000 to be used to build green housing. The grant is intended to develop new homes which will feature a sustainable site design, water-conserving fixtures, energy-efficient appliances/lighting, and environmentally friendly building materials. The grant will be used through the Vermont Housing Conservation Board.