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Scooped by
Bill Gassett
June 23, 2021 8:49 PM
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Everything You Need to Know About Seller's Concessions Have you heard a real estate agent using the term 'seller's concessions' and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make purchasing the home you want very difficult, but there is a possible way to have the seller help you with these closing costs. If the situation is right, sometimes the seller might be willing to help with these costs. These are known as seller concessions, and they could
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Bill Gassett
June 14, 2021 9:45 AM
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The Ultimate Guide to Buying a House For The First Time Are you thinking about buying your first home? Do you want to know how to buy a house? If you are considering buying a home, there are many stages before you can move in. When you haven’t gone through the home buying process before, you might have some questions. First-time homebuyers are in the position of learning the ropes on the go. Given the fact that buying a house is such a vital step in one's life, it is critical to know the process ahead of time. First-time buyers
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Bill Gassett
May 17, 2021 9:35 AM
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Differences Between Renting an Apartment and a Condo Renting condos and apartments can be easily confused. There are many important differences you need to understand when you are choosing between these property types. Some home types are obviously different, like a townhouse and an apartment. But when it comes to apartment vs. condo, the differences may be harder to spot. If you find yourself asking, what is a condo, you wouldn't be alone, and we have the answers. Searching for your next home can take a lot of time, so anything you can do to narrow down the search is
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Bill Gassett
April 8, 2021 1:27 PM
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Understanding 'Comps' When Selling a Home Have you heard a real estate agent talking about 'comps' or 'comparables' and wondered what the heck it means? Comparables or comps are the terms used for similar homes that have recently sold to help find the best listing price when selling properties. The listing price should encourage buyer interest, reducing the time it takes to sell the home. But finding the right price isn't easy, and making a mistake can cost you a lot. As a real estate agent working on analyzing value, finding the right comparable sales can make or break the
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Bill Gassett
March 16, 2021 4:37 PM
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What is an Acre of Land? Over the years, while working as a real estate agent, one of the more common questions I've received is how much is an acre of land. Sometimes the person asking is wondering how large is an acre in terms of square feet, and other times they want to know the value of an acre of land. If you are planning on buying some land, you might be wondering how much is an acre going to cost? With residential lots often measured as part of an acre, it isn’t surprising that many people want to
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Bill Gassett
February 22, 2021 1:56 PM
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Buying a home is a big step in one's life especially when you are doing it for the first time. Take a look at some of the most essential questions to ask before moving forward.
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Bill Gassett
February 8, 2021 12:29 PM
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The Real Estate Contingency Explained The definition of a contingency is an action or condition that needs to be met for a real estate contract to become legal and binding. Real Estate contingencies become an integral part of most contracts. If you are going to be buying or selling a home, there are real estate contingencies you should know. Whether you are buying a home to live in or investing in property for a return, real estate contingencies can help you avoid a costly mistake. Contingencies in real estate give you more control over the home buying process with a
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Bill Gassett
January 18, 2021 1:08 PM
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Bill Gassett
September 30, 2020 10:30 AM
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Are you considering taking the leap and moving out of your apartment or parents' home to purchase your first property? It's natural to have some fears when buying a home for the first time. There is a lot of money involved and potentially many things that can go wrong. It can also be an exhilarating time, which could tempt you to make unwise decisions that harm your long term financial life.
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Bill Gassett
September 16, 2020 2:52 PM
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What to Know About Credit Scores When Buying a House Are you looking to enter the realm of homeownership? When you are looking for a mortgage, lenders pay a lot of attention to your credit score. One of the most vital things to do before buying a home for the first time is to get your finances i
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Scooped by
Bill Gassett
July 30, 2020 7:47 AM
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What Are The Advantages of an FHA Loan? See all the reasons why an FHA could be beneficial when buying a home.
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Bill Gassett
June 22, 2020 1:37 PM
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Best Moving Companies for Long-Distance Moves Do you need to find one of the best moving companies? Are you going to be relocating across the country? Maybe you have just found out you'll be transferred due to your job? Making a long-distance move or even just to a neighboring state can involve more complications and expense than a local move where you rent your own moving truck. There will be more stress and more to think about to avoid problems. Despite this, a lot of people choose to try and do everything themselves. This is understandable, as the costs involved
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Scooped by
Bill Gassett
June 8, 2020 9:49 AM
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Construction Loans – What You Need to Know Are you considering getting a home construction loan? When building your own house, chances are you will need to get a construction loan. If you have ever gotten a mortgage before, you have some familiarity with how complex the loan application process can be. If anything, the process of getting a construction loan is even more complicated. Plenty of people are approved for construction loans, though, so it’s certainly something you can succeed at if you are prepared. Many times, those who are taking out a construction loan have previously purchased land,
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Bill Gassett
June 23, 2021 8:35 PM
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What to Know About Buying New Construction Homes Are you thinking about buying new construction? The idea of buying a brand new house is appealing to many homebuyers. Going directly to the builder and being the first folks to live in a home offers advantages. However, buying a newly constructed home isn’t the same as buying from a homeowner. With a new construction home, there are some similarities to buying resale homes or even older homes. But there are also many differences that you need to consider before you buy a new build. There is a lot at stake when
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Scooped by
Bill Gassett
June 14, 2021 9:39 AM
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How Long Will It Take to Close Once an Offer is Accepted? Are you wondering how long it takes to close on a house? One of the questions I get asked from home sellers is what they can expect the time frame to be from start to finish. Those who are buying a home for the first time also ask as well. Closing on a house can be a tense experience and one that you might want to be over as soon as possible. Sure, getting an accepted offer is exciting, but all the hard work begins from going through
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Bill Gassett
May 17, 2021 9:30 AM
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Things You Should Know About a Property Line Are you wondering how property lines work? Maybe you are trying to figure out exactly where your property line is located? If you are nodding your head yes to these questions, you're not alone. Understanding how to find property lines are especially important especially after buying a home. Lots of folks try to research how to find their property lines. Some of the most common problems regarding property boundaries are fences a neighbor wants to construct. When fences are built between properties, where exactly is the right place to construct them? Getting
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Bill Gassett
April 8, 2021 1:21 PM
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Scooped by
Bill Gassett
March 15, 2021 4:12 PM
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What to Know About Car Shipping and Auto Transport Did you just sell your home and are being relocated across the country? Do you need to find a top car shipping company? When you move from one home to another, you might need to ship cars to your new address. When searching for shipping car services, you might be surprised by the number of options available to you. Shipping cars isn't something to take lightly as it is probably your second-most valuable asset behind your home. Like general moving companies, there will be many choices, but some of them won't
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Bill Gassett
February 21, 2021 3:58 PM
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What is an HOA and How Do They Work? What is an HOA? What does an HOA mean? HOA stands for a homeowners association. If you are new to buying a home, you might not really understand what an HOA is, what it means, or how it will affect you. The HOA meaning adds some value but also some restrictions too. Lots of first time home buyers wonder what are HOAs and if living in one will be beneficial. Will living in this type of community be suitable for you? Let's take a deep dive into the definition of an
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Bill Gassett
January 25, 2021 12:43 PM
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Tips For Selling a House Fast Do you need to sell a house fast? It's a question many folks turn to Google for a solid answer. Maybe you are here because of that? One of the most stressful things you can do in life is to go through the process of selling your home. This is certainly going to be heightened if you need a fast house sale. If you are asking how to sell my house fast, there is a lot to think about to make sure things go quickly. Typically, when a homeowner does an online search for
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Bill Gassett
October 12, 2020 11:29 AM
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What to Know About Renting an Apartment vs. A Home Are you trying to decide between renting a home or an apartment? The choice to either rent an apartment or house can be difficult. On the one hand, renting a house might seem like the ideal type of home, with more rooms and space. But there are many advantages to living in an apartment too, like city center locations or lower costs. There isn't a right or wrong decision for most people when you’re choosing between renting a house or renting an apartment. A lot of folks have different financial
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Bill Gassett
September 30, 2020 10:24 AM
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Earnest Money/Home Deposits Explained: What is earnest money? How much is earnest money? How does earnest money work? What's the difference between earnest money and down payment funds? These are all common questions that home buyers ask real estate agents daily. By the time you're done reading, you'll have a solid understanding of the answers to these questions. There are plenty of terms and concepts in real estate transactions that can prove confusing or complicated, especially when you have never encountered them before.
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Bill Gassett
August 17, 2020 10:10 AM
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What to Know About Credit Karma Have you ever wondered what Credit Karma is and how it works? Maybe you have seen their advertisements on television? Your credit score is one of the most critical pieces of financial information there is, especially when buying a home. For a long time now, creditors and lenders have used your credit score to determine whether they would lend to you and what kind of terms they would offer. Today, your credit score affects even more aspects of your life, possibly even your ability to get a job or successfully rent or purchase a
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Bill Gassett
July 28, 2020 1:12 PM
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Are you considering renting to own a home? Before doing so, understand the common problems for rent to own homes.
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Bill Gassett
June 15, 2020 10:53 AM
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Renting a Room in Your Home – Things to Think About Are you considering renting a room in your home? If you are struggling each month to pay your mortgage and your other bills, you are not alone. Many homeowners find themselves in a similar situation. For some, the answer is to rent out a room in their house. Of course, renting out a room has its pros and cons. You get rent money, which can provide a much-needed cushion. But you have to find and manage a renter, which can be challenging. While renting out your house is a
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Do you plan on buying a house in the near future? If so, you're probably thrilled at the prospect of becoming a homeowner. Most first time buyers are excited about their purchase but also fearful at the same time.
Let's face it - taking on a mortgage is a significant financial responsibility. When buying a home there are a lot of hidden costs that some buyers don't properly plan for. One of these types of expenses are closing costs.
The amount of money it takes to close on a house can be substantial for cash strapped buyers. You may have plenty to cover the down payment and enough to get by to cover the closing costs but there won't be much left in reserve.
Fortunately, there is a way to have some of your closing costs covered by the seller. The process is known as getting seller concessions. With a seller concession the owner of the house you are purchasing will help pay your closing costs.
Even in hot markets that favor sellers offers can be written such that the seller is not really paying out of pocket for the seller concessions.
For example, let's say you want to purchase a home that is listed for $350,000 and the seller expects a full price offer. What you would do is offer $360,000 with the seller paying 10,000 of your closing costs.
Writing the contract this way ends up being a win-win for both buyer and seller. The buyer gets the house they want without paying for their closing costs and the seller gets their asking price.
Of course, if it were a buyers market the same offer could be written such that the seller just pays for the closing costs.