The Real Estate Guide

No matter where you move, relocating is challenging. Although there is much involved in the process, remember the three most important things are selling your home, finding a good realtor, and buying a new home. Sell The first step to relocating is selling your current home. In order to do so, you should obtain a professional home appraisal so you can set an appropriate, yet competitive price that suits both you and the buyer. A home appraisal is an estimate of worth or an opinion of value that varies depending on several different factors. Some of those factors may include different property features, the surrounding neighborhood and community, the amenities that are available, and many more. Property features include things like the total square footage of the home, the number of bedrooms and bathrooms, the size of the kitchen, the number of garages, the overall condition of the home, the quality of landscaping, etc. Typically, a home that has more property features als...

The most obvious reason for buyers to buy a home on contract is because they are unable or unwilling to obtain financing through traditional means such as a bank or mortgage broker. If you have poor credit, or a debt to income ratio which the bank feels is too high, buying on contract may be a viable option for you. If you can find a seller willing to sell on contract, you have secured a place to live and your money will not be paying the landlords mortgage. You have just found a way to build equity despite your less than ideal financial situation. Another great advantage to buying on contract is that there are very few closing costs. You'll still want to get a title opinion to make sure you have a clear title, and surely the seller will want a sizeable down payment. But there wont be any loan origination fees, etc. And because there is no underwriting process, you could easily close in 1-2 weeks. Because most sellers will charge you a higher interest rate than a bank would (alth...