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Find property problems before you buy To avoid a bad experience that could end up in a legal battle with the sellers over property problems, make sure your purchase agreement includes an inspection contingency. more> Fixing to sell: Don't go overboard Inman News Fixer-uppers with upside potential were in high demand when the market was appreciating at a fast pace. more> Good Faith Estimate contains some 'quirks' As of Jan. 1, 2010, the Department of Housing and Urban Development (HUD) requires lenders to provide mortgage borrowers with a new three-page Good Faith Estimate (GFE) to protect consumers who are applying for a mortgage. more> Two strategies to combat rising interest rates Inman News In mid-April, mortgage interest rates on 30-year fixed-rate loans increased to 5.21 percent, an eight-month high and a reminder that low interest rates won't last forever. more> Short sale success strategies Inman News Some buyers have made offers on short sales, then waited as long as six months to a year, only to be denied lender approval. Approval from the seller's lender(s) of current loans secured by a short-sale listing is necessary if the proceeds from the sale aren't enough to pay back the lender and cover the seller's closing costs. more> The truth about short sales Inman News Buyers often shy away from considering short-sale listings, either because they've had a bad experience or have heard horror stories about the deals that take forever and never close. more> Closing costs vary by location Inman News Closing costs, the costs associated with buying or selling a home, can add up. It's wise to get an estimate of how much you're likely to pay in closing costs before you make an offer to buy a home or accept an offer to sell. more> Death of a real estate deal Inman News Take a proactive approach to buying or selling a home. By anticipating what could go wrong with your real estate transaction, you can take care of potential problems before they derail the deal. more> Sizing up purchase deposits Inman News In most states, it's customary, or required by law, for the buyers to include a good faith deposit when they make an offer to purchase a home. more> Presale inspections for smoother sales Inman News Homes are selling for less. Everyone's trying to cut back. Yet, many real estate agents think it's wise for sellers to provide presale inspections for buyers to review before they write offers. Is the cost, which could run from a few hundred to $1,000 or more, worth the expense? more> Multiple home inspections pay off Inman News Buyers often assume that if a house is new there's no need to inspect it. What could possibly be wrong with a brand-new house? You'd be surprised. more> Final walkthrough a buyer's best friend Inman News Imagine this. You move into your new home for the first time after closing and, although you transferred the utilities into your name, the lights don't turn on. There isn't a single light bulb left in the house, the yard is overgrown and the leaky faucets the sellers were to have fixed still leak.

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