Table of Contents House Pricing Overview That home that’s been sitting on the market for too long can be from a number of factors, but ultimately the right house pricing strategy will help homes avoid sitting idle after listing. You heard that correctly, the pricing of a home is often a deployed house pricing strategy rather than representative of the direct value of the...
Your real estate settlement date is the final step before you transition into your new home. Here's what to expect.
Table of Contents Understanding Seller Credits Seller Credits are funds that the seller contributes to the buyers side of the transaction at settlement. These funds can be used to cover closing costs, pay for repairs and assist you in other areas based on lender approval. This discussion is going to cover: An overview of seller credits Seller credit scenarios Seller credit...
Table of Contents Earnest Money Deposit (EMD) An earnest money deposit (EMD) is a crucial piece of the homebuying process that will help you reach your real estate goals when used effectively. If you’re looking to make an offer on a home and want to help assure the seller that you’re serious about putting in an offer, understanding what EMD is in real estate is necessary. This...
Table of Contents By definition, a contingency is a provision for an unforeseen event or circumstance. Contingencies can be a daunting task that should be avoided to get the deal done. This discussion is going to walk you through the primary home offer contingencies that you should consider when buying a home. Once armed with the information behind contingencies, it’ll be less daunting and...
Table of Contents The NACA Program The Neighborhood Assistance Corporation of America (NACA) was built for individuals with limited assets and/or bad credit. The NACA program is a nonprofit homeownership and advocacy organization that is designed to assist homebuyers challenged with the credit and initial capital needed to buy a home. NACA offers attractive loans below market interest rates...
Table of Contents Determine Offer Price on a Home w/ Comparable Property Sales Understanding how to determine offer price for a home is often the most difficult part of the transaction. For the majority of home buyers, the biggest mental hurdle they have to overcome is the fear of overpaying for a property. With that line of thought it’s important to discuss how the list price is actually...
This Discussion Will Cover How to Make an Offer On a House Whether you are submitting an offer on your first home or this is the second or third home that you're buying, the offer submission process can be intimidating. Our goal is to make sure you know how to make an offer on a house in a manner that's as stress free as possible. We have developed the...
Understanding the Home Purchase Agreement Program (HPAP) The Home Purchase Assistance Program (HPAP) facilitates residents in the home buying process and makes their goals of ownership attainable. Let’s take a look at what this program has to offer and who is eligible for it. Where is there a better place to live the American Dream than in the nation’s capital itself? Washington, DC is a...
Considering a VA Loan A VA loan is a major benefit to eligible service members, veterans, and their surviving spouses. The VA loan will allow you to qualify for low cost financing and can even include those without stellar credit. Regardless of credit or borrower risk, VA loans provide a flexible tool to help get you in your home. Understanding how a VA loan works can get you into a...