Foreclosures

Foreclosures

Do you have to buy HUD homes through a realty agent?You can only purchase a U.S. Department of Housing and Urban Development property through a licensed real estate broker. HUD will pay the broker’s commission up to 6 percent of the sales price.Are foreclosures...
Finding the Right Home

Finding the Right Home

What are the pros and cons of adding on or buying new?Before making a choice between adding on to an existing home or buying a larger one, consider these questions:* How much money is available, either from cash reserves or through a home improvement loan, to remodel...
Escrow & Closing Costs

Escrow & Closing Costs

How can I save on closing costs?Studies show that the closing costs, which can average 2 to 3 percent of a total home purchase price, are often more costly than many buyers expect. But there are some ways to save:* Negotiate with the seller to pay all or part of the...
Appraisals & Market Value

Appraisals & Market Value

What is the return on new versus previously owned homes?Buying into a new-home community may seem riskier than purchasing a house in an established neighborhood, but any increase in home value depends upon the same factors: quality of the neighborhood, growth in the...
Disclosure

Disclosure

Whose obligation is it to disclose pertinent information about a property?In most states, it is the seller, but obligations to disclose information about a property vary. Under the strictest laws, you and your agent, if you have one, are required to disclose all facts...