Buying

Found 52 blog entries about Buying.

Everything You Need to Know About Mortgage Protection Insurance (MPI)

Mortgage Protection Insurance

What is Mortgage Protection Insurance (MPI)? 

Mortgage protection insurance (MPI) is a policy that pays off your mortgage in the event that you pass away during the term of the mortgage. If you share the mortgage with someone, both individuals need to be covered under mortgage protection insurance. The policy lasts the same length of time as your mortgage. For example, if the length of your mortgage is 30 years, mortgage protection insurance must also be in place for 30 years.

Shortly after securing a mortgage and closing on a home, you may begin receiving letters in the mail urging you to purchase mortgage protection insurance. As a homeowner, it is always wise to plan for

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What is Mortgage Insurance? What are the Pros and Cons of Private Mortgage Insurance (PMI)

The Pros and Cons of Private Mortgage Insurance (PMI)

Many of our clients want to know what is mortgage insurance or private mortgage insurance (PMI) and do I need it? What are the differences between mortgage insurance and private mortgage insurance? What are the pros and cons to mortgage insurance? This article will help answer your questions as they relate to mortgage insurance and private mortgage insurance as well as shed light on the pros and cons of both.

Traditionally, the target for a down payment on a home has been 20% of the purchase price. But that's a hefty chunk of change for most Americans, especially first-time home buyers. Thankfully, there are options in place that allow buyers to offer a smaller down payment but still qualify

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How Schools Impact Home Values and What type of Affects good and bad school districts have

When buying a home one of the most common questions we are asked is 'how do good or bad schools affect home values and what type of impact do they have?'

In fact, schools are so important to some of our buyers that we have given each school district it's own page on our website allowing buyers to search for homes by school district. Fortunately, the Raleigh area has some of the best schools in the state and that is why so many folks moving to North Carolina end up in Raleigh

There are countless factors that influence the decision to buy a home. The neighborhood, size of the home, outdoor space, upgrades, and location play a significant role in impacting ones’ decision making. Among those important factors, school districts have played an

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12 Hidden Costs When Buying a Home - What costs are associated with purchasing a house?

There are hidden costs when buying a home, whether it's closing costs, insurance costs, or utility costs. When many buyers consider the cost of buying a home, the mortgage payment is typically the expense that immediately comes to mind. Whether you are a first time home buyer or an experienced buyer you will want to familiarize yourself with all the costs of buying a home!

Your Real Estate Agent is not a cost to you as a buyer. This is one thing many buyers don't realize. You do not pay your Realtor as a buyer. The seller pays the listing firm. The listing firm then pays the cooperating firm a percentage. The cooperating firm then pays the Real Estate Agent. This is how Realtors get paid.

 

While the mortgage payment is indeed an important

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Negotiating Repairs After a Home Inspection

7 Tips To Consider Before Negotiating Home Inspection Repairs

Negotiating repairs after a home inspection doesn't have to be difficult, especially when you follow these 7 tips! When an offer is accepted on a home, it can be easy for both buyers and sellers to feel that they’re at the end of the finish line. Accepting an offer brings the deal much closer to the closing table, but there are several other important steps the transaction must go through before closing day. One of those steps is the home inspection and with the home inspection, major issues can arise.

A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof etc. It helps the buyer know if certain repairs are needed so that they do not

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What is Dual Agency in Real Estate and Should you Avoid it

What is Dual Agency in Real Estate and should you avoid it as a buyer or seller?

Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? Dual agency isn’t particularly common, but it does tend to happen from time to time, so it is always best to be informed on the intricacies of this transaction type. My first transaction as a Real Estate Agent was as a dual agent representing both the buyer and the seller. Initially, the seller tried to sell his home by himself before soliciting my help and I was able to get it sold for him to one of my clients.

What is Dual Agency in Real Estate?

Dual agency is when a real estate agent works with the buyer and the seller on the

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7 Things to Know BEFORE Holding an Open House in Real Estate

Open House in Real Estate Pros and Cons

1. What is an Open House in Real Estate?

In real estate, an open house is an event where prospective buyers can tour a home that is listed for sale. Open houses are typically held on weekends (as that is when many buyers do not work and have time to tour homes), although they can be held during the week as well. Open houses are usually held by the seller’s listing agent, though successful Real Estate Agents typically have a team of folks and a member of the team usually will offer to hold the home open. The reason for this is it's a great way for the team member to build their book of business by interacting with prospective buyers. They are theoretically using your home as a

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Mortgage Pre-Approval vs. Pre-Qualification

Mortgage Pre-Approval vs Mortgage Pre-Qualification - The differences between the two!

What are the main differences between mortgage pre-approval and mortgage pre-qualification? Whether you’re a buyer or a seller, it can be all too easy to confuse the terms “pre-approval” and “pre-qualification.” Although pre-qualification and pre-approval share some similarities, they are quite different. As a home buyer, it is important to understand the differences and how they may impact your chances to buy a home, especially in a competitive real estate market as we have here in Raleigh. In this article, we will define pre-approval and pre-qualification, explore how they differ, when they should be used, and the steps that should be taken to complete both processes.

What are the main differences

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How to Know When NOT to Buy a Fixer-Upper 

When NOT to Buy a Fixer-Upper Home

Do you see past the flaws of a “fixer-upper” and imagine what is possible? Do you get that giddy feeling knowing you can turn a home's imperfections into something beautiful?

Home improvement certainly means something different to each of us. Some people like the idea of tearing down a house to its foundation and starting over. Some folks just want to spend a few weekends pounding nails and painting.

Nine out of 10 home buyers today use the internet as their primary source of research for properties, lenders, real estate agents, you name it. It’s never been this fast and easy to buy a home.

Not only is housing hunting faster, but you can also make it less risky, too. Whether you want to fix the

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7 Major Home Inspection Issues - Common Home Inspection Problems 

7 Major Home Inspection Issues and Common Questions Answered

If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. If you are a first time home buyer try not to freak out because this is why you hired a home inspector, to find the issues with the home! This gives the buyers an opportunity to negotiate some reasonable requests before purchasing the home. Some requests will be mandatory fixes or the buyer will choose to find another home.

If any of these major home inspection issues come back on your home inspection report you'll really want to hire experts to come in and

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