Buying a house for sale by owner

Source: Dana Bull. If you’re just stepping into the real estate scene, you’re bound to come across a listing that is FSBO (for sale by owner). Homeowners bypassing real estate agents are certainly not the norm, but comprise an estimated 8 percent of sales. Why would an owner choose to sell his or her home this way? Likely…

Should bad credit delay home buying?

Source: John Ulzheimer. It’s the million-dollar housing question: “Can I still get a mortgage and buy a home if I’ve got less-than-perfect credit?” The answer is yes. But before you get too hyped, know that you may face challenges. Assessing Your Credit Like most lending products offered in the United States, mortgages go through a…

How to negotiate house price like a boss

Source: Dana Bull. Awaiting a response from a sellers on your offer to purchase their home is an exciting and nerve-wracking time. Will the sellers accept it? Will they reject it? They may not do either! What is a Counter Offer? More often than not, real estate negotiations are not a one-and-done deal — they…

The happy truth about down payments

Source: Elysia Stobbe. Coming up with a significant down payment may seem like the absolute worst, and may be the reason why, according to Zillow.com’s first-time home buyers survey, the median down payment is only 10 percent. What down payment is right for you? Only you know how many payments (mortgage, other bills, added expenses of homeownership) you…

How to enjoy Christmas on a budget

Source: Shannah Compton. Remember when you were a kid, and you anxiously waited for the sun to rise so you could go and see what Santa brought you? Counting the presents under the tree, you just knew it was going to be your best Christmas yet. Those feelings of excitement during the holiday season never…