Buyers

Underwriting is the process that a mortgage borrower goes through where the lender verifies with solid proof the financial aspects of the borrower. In this process, they check credit scores tax returns, and any concerning activity in the last couple of months in your bank account. This process can take a couple of days or can last for weeks.   This process of qualifying for your home loan happens just after the down payment is made which is generally after you make an offer on a home ...

Though it may not seem like a legal issue to turn down an offer because of the buyer's lender a seller is capable of doing so.   And how is it possible a home seller can reject an offer?   A seller has a large amount of leverage in deciding who they will accept an offer from to purchase their home. There is no legal contractual right for anybody to make an offer on a home that holds a seller to accept it. While you can’t as a seller engage in what is considered unlawful discr...

 Buying a home can be compared to finding the love of your life. You go on many outings, blind dates, meet and greets, online stalking, and first dates to determine if you want to continue down a path of relationship hopefully leading to a commitment. Whether this is your first home or your seventh the long process of searching can be discouraging.   Sometimes we are the ones holding ourselves back in the process with our expectations, beliefs, and maybe even fear of taking action to mov...

Buying a house is a big undertaking and with the real estate market, as it is right now, a lot of homebuyers are waving the home inspection. Is this a good idea? What if something’s wrong after you close on the home? Should you really waive the home inspection or do your own inspection?   The home inspection is a vital part of the home buying experience. The largest purchases you’ve probably ever undertaken and not knowing everything about it is just not wise investing. However,...

Traditional real estate advice says you should buy a starter home, a small and affordable property that gets you into homeownership even if you know you won't stay there long term.   Is this advice still relevant in today's market? Here's what you need to consider as you decide if a "starter home" is the right first move for you.   What is a Starter Home?   A starter home is usually a smaller dwelling chosen for its affordability as a short-term home. Starter homes g...

What has to be fixed after a home inspection?   When you submitted an offer on a house, you likely made it contingent upon inspection. A home inspection can find a lot of problems in your future home which your agent can use to negotiate. But what should you do if the seller won’t make any repairs?   When you made an offer on a house, your real estate agent probably insisted that you put in a “contingent upon inspection” clause. What this meant was that you could sche...

  6 Home Buying Questions to Avoid Buyer's Remorse - Purchasing a home for many is one of the largest purchases they will make in their lifetime. Home buying is one of the safest investments you can make. The best way to make sure you are making a sound and safe investment, however, is to do as much due diligence as possible. Due diligence is basically the work of investigating the property and finding out as much information about it as you can.   6 Home Buying Questions to...

It can be very tempting to start looking at houses first, especially when you know you're going to move, you get the moving bug, and it's fun to look at houses. You start browsing through real estate websites, looking at homes in the area, figuring out your search criteria, and maybe even setting up saved searches so you get notified as soon as a home you like hits the market. While there are thousands of real estate websites out there that can tell you how much you'll be paying monthly, ...

Why Invest In Orlando Real Estate - As an investor, it is important to know that Orlando is ranked as one of the best places to buy rental property as of 2021. This is because of cash flow, affordable property prices, and the growing population and job market. These are key components to having a positive investment experience. A huge plus for investors is that Florida has no state income tax. The average rent in Orlando is $1,450 per month. The rents did increase by 2% last year. About 45% of t...

Not every real estate transaction needs the help of a real estate attorney but there are some situations that an attorney or a real estate lawyer really can benefit both buyers and sellers.   In some states, real estate attorneys are always used for every real estate transaction but that's not necessarily the case in Portland. So why would you use a real estate attorney?   First up, what is a real estate attorney?   This might be an obvious question but it's importan...