Mortgage Tips for Single Homebuyers With Children

If you’re a single parent, it’s arguably more challenging to buy a home than for those in a partnership with dual incomes. Yet it’s easy to see why so many single parents are eager to purchase a house. Beyond finding a perfect kitchen and playroom, owning a home is an integral part of building a healthy financial future.

And while homeownership may seem like an increasingly out-of-reach dream for single moms and dads, buying a house is definitely an achievable reality for most folks. To help inform you on this journey, read more HERE.

Many Underestimate These Home Improvement Costs

First-time homebuyers may assume that once they purchase their home—an expensive feat these days—they are done bleeding money. However, they may not be properly budgeting for common home improvement projects, which can be substantial.

Many Americans are underestimating the price of many popular home improvement and maintenance projects, such as installing new windows, doing the landscaping, and painting the interiors.

Read more HERE.

Can a Buyer Inspect a Home Without a Seller’s Permission?

Here’s the scenario: Your house is on the market and you have interested buyers, but they are concerned about the roof. Maybe your home has a bit of damage from the last storm, but it’s nothing major.

Still, a potential buyer sends a roofer to check things out without your approval. Sending a professional to somehow inspect the condition of your home unannounced may seem a bit bold on the buyer’s part. Can a potential buyer send someone—be it a roofer, inspector, or contractor—to inspect a home or snoop around outside without the seller’s consent?

Here’s what the experts have to say about this sticky situation.

First-Time Homebuyer Hopes and Dreams That Are Completely Delusional Today

Every house hunt starts with a dream, one that can easily escalate into pure fantasy. Homebuyers, particularly first-timers, often harbor visions of purchasing the perfect house, in a great neighborhood, for a bargain price.

All that might have been achievable—with some luck—in the past. But in today’s hot seller’s market, once buyers move beyond mooning over listings to making an actual offer, things can get jarringly real all too fast.

Here are a few homebuying dreams that may need a reality check today.

What Does ‘TLC’ Mean in Real Estate? You’d Better Take Care

Buying a home advertised as needing a little TLC shouldn’t be taken lightly. Although TLC is more of a slang word than legal description, real estate brokers typically don’t add the definition to houses that need only a bit of freshening up. They know that buyers search for “TLC” when they are looking for great real estate deals, so they save that definition for properties that require a bit more courage—and cash—to buy and fix up.

Read more HERE.

What to Look for When Buying a House: 10 Major Red Flags

In competitive markets, you’ll often walk into an open house that has been deep-cleaned, upgraded, and staged with stylish furniture. That’s nice, but if you’re not careful, you may miss a multitude of problems. You shouldn’t be overly impressed by the fact that a house looks and smells nice. (You may, however, be rightly appalled by a home that looks and smells atrocious.)

If you’re a first-time home buyer looking for a starter home, or if you just need to find a house you can afford, it’s especially easy to make a mistake in the home-buying process.

No matter how hot the market is or how rushed you feel to get a deal before someone else buys the property you have your eye on, be sure you like the neighborhood and aren’t getting into a fixer you may regret.

Read more HERE.

What Fixes Are Mandatory After a Home Inspection?

If you’re selling your home, you might wonder if there are common repairs needed after a home inspection. Most buyers, after all, won’t commit to purchasing a place until there’s been a thorough inspection by a home inspector—and rest assured, if there are problems, this professional will find them!

So if your home inspection turns up flaws that your home buyer wants fixed, what then? To be sure, repair requests after an inspection are a hassle, and liable to cut into your profits. So for starters, make sure to read your inspection contract carefully to make sure you don’t get locked into mending something you don’t want to fix.

Read more HERE

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