In the ideal home-buying scenario, you'd have plenty of time to find the perfect home. However, this is not always possible. Maybe you are relocating for a job and have to buy a house from across the country. If this is the case, you might have to limit the time that you spend house hunting. Here are some tips to help you make your search as productive as possible. Get A Mortgage Pre-Approval Before attending open houses and searching for a home, you should get pre-approved for a … [Read more...]
Home Buying: Repair Requests After A Home Inspection
The perfect home has been found, the one in the right neighborhood with the right amount of bedrooms and bathrooms. The home inspection is complete, but a few issues have been found. At this point, a home buyer has decisions to make. What Repair Requests Can Be Made After a Home Inspection? Structural defects found during a home inspection are the responsibility of the seller and must be fixed. In addition, Realtor.com states that the following must also be repaired by the seller: Water … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 9th, 2018
Last week's economic releases included monthly readings on construction spending, public and private sector job growth and June's national unemployment rate. Weekly readings included Freddie Mac mortgage rates and new jobless claims. Construction Spending Rises in May According to the Commerce, construction spending rose 0.40 percent in May; public sector construction spending rose 0.70 percent and private sector spending rose by 0.30 percent. Residential construction rose by o.80 percent, which … [Read more...]
Surprising Things That Can Derail A Closing
Once you and the seller have negotiated an offer and you've been pre-approved for a mortgage, you might think that you are in the clear as far as your closing goes. However, that is not always the case. Many surprising things can put a halt to closing. Some may ultimately stop the closing altogether while others could simply cause a delay. Here are a few unexpected things that can derail a real estate closing: A Job Promotion While you might know that changing employers is one … [Read more...]
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