home buyers - Articles

10 Mortgage Misconceptions

By Alison Paoli Mortgages are tricky and often hard to understand. Because most people only purchase a home every five to seven years, prospective homebuyers understandably don't spend a lot of time in the interim educating themselves about mortgages and the mortgage process. With the real estate market picking up and... Continue Reading »

Home Selling Advice: What You Should Know About Today's Homebuyers

By Brendon DeSimone Many parts of the country are seeing an uptick in real estate activity. We've been hearing for months now that buyers have returned; that it has become cheaper to own than to rent in many markets; and that sellers are realizing their once unsaleable homes may have a market. If you're a seller, it's... Continue Reading »

Homebuying Tips for Generations X and Y

By Brendon DeSimone According to a recent survey, people who belong to the Generation X and Generation Y demographics haven't been deterred by the housing market downturn at all. A Better Homes and Gardens Real Estate poll found that 75 percent of Gen X and Gen Y respondents believe owning a home is a key indicator of... Continue Reading »

7 Things Homebuyers Hate

As a home seller, you have way too much competition to let little items sabotage a sale. These seven problems are among the biggest homebuyer turnoffs, and most of them are easy to fix without spending a lot of money. %Gallery-153360% Continue Reading »

Pending Home Sales: Close but No Cigar

WASHINGTON -- The number of people who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in the weak housing market. The National Association of Realtors reported Wednesday that its index of sales agreements for previously occupied homes rose 2.4 percent in June... Continue Reading »

Spring Sellers Try House Swap Instead

Wendy Bauwens is no stranger to swapping. As a horse trainer, she has traded a harness for a new website and a riding lesson for a haircut. Today, however, she's lining up her biggest swap yet: her horse farm, Sunnyside Farms (pictured at left), located near Bozeman, Mont., for something closer to the ocean. A new place... Continue Reading »

Home Buyers Wake Up to Low Mortgage Rates

Are home buyers starting to make their move? The latest data certainly suggests something along those lines: Mortgage applications rose 5.3 percent last week, according to the Mortgage Bankers Association. While much of that increase likely was due to an increase in FHA government-backed loans before insurance rates rise,... Continue Reading »

Mortgage Applications Slump into Spring

The spring real estate market has sprung, and so far the news is not good. Home buyers and refinancers applied for 2.0 percent fewer mortgages for the week ending April 1 compared to one week earlier, according to mortgage application market composite index released by the Mortgage Bankers Association. While in recent... Continue Reading »

Short Sales: Tips for Homebuyers

If you're hearing a lot about short sales these days, it's no surprise. As home values have declined, the number of short sales has exploded. In September 2010, 12 percent of all U.S. real estate transactions were short sales, according to tracking by the National Association of Realtors. So what is a short sale? It's a... Continue Reading »

'General Hospital' Star-Turned-Realtor Offers Homebuyers Advice

Fans of General Hospital will probably recognize the man in this photo as Alan Quartermaine, the always charming but sometimes scheming doctor and member of one the wealthiest families in the fictional city of Port Charles. What he now hopes for you to recognize him as is a successful Realtor of multimillion dollar... Continue Reading »

Sellers Cut Prices on 50% of Homes

Homeowners are slashing prices more drastically and more frequently, according to recently released data from ZipRealty. The average price reduction is now 7.1 percent of list price. List prices dipped about $19,000 in August compared with July, across the 26 markets studied. On average, sellers made two price cuts during... Continue Reading »

Open House: When It's Worth It -- or Not

To help sell her Austin, Texas condo, Tara Akins held a series of weekend open houses. Despite the fact that they were "well attended," according to her real estate agent, the eventual buyer came not from one of the open houses but through a private showing. For many sellers, that's how the home-selling process unfolds.... Continue Reading »

Homeownership Drops to Near 50-Year Lows

Despite months-long speculation that the nation is primed for a housing recovery, homeownership -- a tenet of the quintessential American life -- is far from making a comeback. According to industry projections, millions of homes spiraling toward foreclosure are putting homeownership in jeopardy of its lowest level in 50... Continue Reading »

Hiring a Home Staging Professional

At a time when many companies are downsizing or closing, the home staging business is booming. Home staging was listed as one of seven emerging growth industries according to a 2009 CNN report. The growth is attributed to the stagnant real estate market. With homes taking longer to sell, there ends up being more homes... Continue Reading »

Selling Your Home: Quick Fixes for Big Returns

Selling your home is stressful even during the best of times, but when the market is slow it sometimes seems like "Mission: Impossible." In order to sell your home for top dollar in a down market, you need to be proactive in making your home stand out from the huge inventory of listings that buyers have to choose... Continue Reading »

Homebuyer Tax Credit Extension Down but Likely Not Out

While the home tax credit extension looks dead, it's probably just on life support and may be revived by adding it to another bill on the Senate floor. The tax-credit extension had been attached to a large stimulus package including business tax breaks, renewal of the flood insurance program and extension of unemployment... Continue Reading »

Breathe Easier About New Home: Do Some Environmental Research First

Phoenix may be a fine place to soak up some rays, just don't take a deep breath. According to the American Lung Association's annual "State of the Air" report, the Phoenix-Mesa-Scottsdale, Ariz. region currently suffers more year-round air pollution than anywhere in the United States. Bakersfield, Calif. and the Los... Continue Reading »

Homebuyer Tax Credit: Closing Date Extension Gets Senate OK

Homebuyers who took advantage of the $8,000 federal tax credit but are unable to close by the June 30 deadline may have gotten a reprieve yesterday. On Wednesday afternoon, the Senate OKd a proposal to add three more months to the closing schedule of the tax credit program, extending the deadline until September. The... Continue Reading »

A Hedging Option For Your Home

You'd like to buy a home, but you're not sure if the market has hit bottom. And you sure don't want to be the sucker who plunks down his hard-earned money only to see his house start losing value the minute the drapes go up. Sirius Value Protection says it has a product for you. The New York-based start-up has created a... Continue Reading »

Banks Skimming Mortgage Profits

The government may be making loud noises about how it wants to bring down home mortgage rates to help consumers. But the biggest beneficiaries of the government largess have been the banks -- not borrowers, according to a report in the Wall Street Journal. Backed by cushy government programs, banks have boosted their... Continue Reading »

Rise in Home Sales Sparks Optimism

Pundits and investors jumped on better-than-expected housing data to inject some rare exuberance into the market. As existing home sales for November rose to their highest level since February 2007, industry watchers predicted a buying spree in 2010, and offered hopes of a stabilizing housing market. Stocks rallied on... Continue Reading »

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