Buying a home

What happens during a home appraisal?

Many home buyers and sellers are not aware that after an offer is made on a home, the mortgage lender will require an appraisal of the home before a mortgage commitment is provided. The purpose of the appraisal is to assure the mortgage lender that the house is worth what…Read More

Filed under Buying a home on Sep 20,2022 | Tagged in: buying a home, home appraisal, home buying advice

Reinventing the Love Letter

Love letters to home sellers were once a popular strategy for buyers trying to gain an edge in a bidding war. The idea was to let the seller know all the ways a prospective buyer would “love” the home, including such things as raising a family in the home or…Read More

Filed under Buying a home on Jun 14,2022 | Tagged in: Fair Housing Act, home bidding, loveletters

The 2022 Local Housing Market

The Philadelphia region’s housing market remained robust during the pandemic – and the trend is expected to continue into 2022, according to Michelle Bond, writing for the Philadelphia Inquirer. According to Bond, a continuing low supply of housing will continue to push prices higher in 2022, although those increases will…Read More

Filed under Buying a home on Mar 31,2022 | Tagged in: 2022 housing market, housing market, interest rates

Should You Buy a Flipped Home?

If you’re in the market to buy a home, you’ve no doubt come across a flipped home. This is typically an older home recently purchased, renovated and put back on the market. Flippers will usually update the home with new appliances and countertops, an open floor concept, new paint and…Read More

Filed under Buying a home on Mar 17,2022 | Tagged in: flipped home

Best Renovations for $20,000 or Less

With housing stock in such short supply, you may be thinking about renovating your existing home. That can be costly, especially if your budget is relatively small. If you can afford to invest $20,000 and you’re considering multiple projects, this article from Best Plumbers News may help you decide what…Read More

Filed under Buying a home on Mar 11,2022 | Tagged in: Best Plumbers News, Best Renovations, remodel

Bargain Alert: Most Expensive Home in America

Google Earth A Los Angeles mega-mansion once dubbed the “most expensive home in America” is about to go into receivership after the owner defaulted on more than $165 million in loans and debt. As a result, it will soon be listed for sale at what could be considered a bargain…Read More

Filed under Buying a home on Feb 24,2022 | Tagged in: expensive homes, modern homes, Most Expensive Home

Should You Wait to Buy a Home?

Buying a home can be tough these days. With high prices and low inventory, you may feel priced out of the market or unable to secure a winning bid. If that’s you – and you don’t need to find a home immediately — CNBC suggests putting your purchase plans on…Read More

Filed under Buying a home on Dec 14,2021 | Tagged in: home market, homebuying process

Down Payment Savings Not Keeping Up?

Trying to save for a down payment in today’s housing market can feel like chasing a finish line that keeps moving further and further away. That’s because housing prices keep going up, requiring you to constantly save more money for the home you have in mind. According to Bankrate.com, there…Read More

Filed under Buying a home on Nov 30,2021 | Tagged in: down payment, homeowner assistance grants, mortgage

Hidden Costs of Home Ownership

If you’re thinking of buying a home, be sure to look beyond the selling price in determining how much home you can really afford. That’s because there are hidden costs to purchasing and owning a home, and those costs can add significantly to your budget. Realtor.com points out that transactional…Read More

Filed under Buying a home on Nov 05,2021 | Tagged in: buying a home, home buying, home buying advice, home hidden costs, homeownership

How to Win a Bidding War

The stories of amped-up buyers engaging in bidding wars are everywhere. It’s enough to make some house hunters give up on buying the home of their dreams – or any home at all. U.S.News offers tips on how you can enter the fray and possibly win the war. Suggestions include…Read More

Filed under Buying a home on Jul 20,2021 | Tagged in: bidding wars, home bidding, house bidding, U.S.News

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